Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DAVID OCASEK, EXECUTIVE DIRECTOR, HAS PROVIDED CONSULTING SERVICES TO BOARD MEMBER TIM PEDERSON'S COMPANY RELATED TO COMPUTER AND SOFTWARE DESIGN. THE BOARD WAS INFORMED OF THIS BUSINESS RELATIONSHIP AND VOTED ITS APPROVAL. | |
| FORM 990, PART VI, SECTION A, LINE 6 | SURPLUS LINE ASSOCIATION OF ILLINOIS (SLAI) IS A MEMBERSHIP GROUP FOR ALL SURPLUS LINE INSURANCE LICENSEES. IN ORDER TO HAVE A SURPLUS LINE POLICY STAMPED BY SLAI, THE INSURANCE PRODUCER MUST HAVE A VALID ILLINOIS SURPLUS LINE LICENSE AND MEMBERSHIP IN THE SLAI. | |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS OF THE GOVERNING BODY MUST BE ELECTED BY CURRENT MEMBERS OF SLAI. IT IS ALSO REQUIRED THAT ALL MEMBERS OF THE GOVERNING BODY ARE MEMBERS OF THE SLAI AND RESIDE IN ILLINOIS PRIOR TO ELECTION OF OFFICE. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ILLINOIS DIRECTOR OF INSURANCE HAS APPROVAL AUTHORITY OVER THE FEE SCHEDULE AND PLAN OF OPERATION OF THE ASSOCIATION. | |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | SLAI HAS AN AUDIT COMMITTEE WHICH REVIEWS THE 990 AND OFFERS ANY SUGGESTIONS FOR CHANGES TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS VOTES TO APPROVE ANY CHANGES TO THE 990 PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST MAY BE DISCLOSED IN A WRITTEN DISCLOSURE PROVIDED BY THE DISCLOSING DIRECTOR TO THE CHAIR OF THE BOARD OR THE CHAIR OF THE LEGAL COMMITTEE. FOLLOWING SUCH WRITTEN DISCLOSURE, THE BOARD CHAIR OR THE CHAIR OF THE LEGAL COMMITTEE SHALL DECIDE WHAT FURTHER ACTION IS APPROPRIATE. WHERE A CONFLICT OF INTEREST BECOMES APPARENT TO A DIRECTOR IN A BOARD OR COMMITTEE MEETING AND HAS NOT BEEN PREVIOUSLY DISCLOSED IN WRITING PURSUANT TO THIS PROCESS, IT SHOULD BE DISCLOSED TO THE BOARD OR COMMITTEE CHAIR ORALLY AT THE EARLIEST OPPORTUNITY. THE BOARD OR COMMITTEE CHAIR WILL THEN DECIDE WHAT FURTHER ACTION IS APPROPRIATE. DIRECTORS ARE POLLED ANNUALLY, AFTER THE ANNUAL MEETING, REGARDING POTENTIAL CONFLICTS OF INTEREST. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE COMMITTEE (ACTING AS A COMPENSATION COMMITTEE) OF THE BOARD OF DIRECTORS. THE FULL BOARD WILL VOTE ON ACCEPTANCE OF THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE AS TO THE NEW SALARIES. THE EXECUTIVE COMMITTEE USES THE ASSOCIATION FORUM OF CHICAGOLAND'S ANNUAL SALARY SURVEY WHEN DETERMINING THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES SALARIES AS A REFERENCE GUIDE. THE ACCEPTANCE OF THE SALARY RECOMMENDATION IS DOCUMENTED IN THE BOARD OF DIRECTOR MINUTES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | SLAI PROVIDES THIS INFORMATION UPON REQUEST PURSUANT TO ALL RELEVANT DISCLOSURE REQUIREMENTS. | |
| FORM 990, PART XI, LINE 2C | THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |
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