Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Part VI: Governance, Management, & Disclosure | Section A, Line 6 Florida Insurance Council is a membership organization. membership in the florida insurance council is available to insurance companies which are admitted or authorized to do business in the state by the florida department of insurance. associate memberships are available for national trade associations and similar entities. subscribing membership is available for business entities involved in insurance, but not qualifying as either a member or associate member. Reinsurance membership is available to special members composed of reinsurance companies. |
| LINE 7A | Every regular dues paying member company shall have a representative appointed to the board of directors. |
| LINE 7B | some decisions of the governing body are subject to approval by members per the company's bylaws. |
| Section B, Line 11b | THE COUNCIL STAFF WORK IN CONJUNCTION WITH AN INDEPENDENT ACCOUNTING FIRM WHO PREPARES THE FORM 990. THE OFFICERS OF THE EXECUTIVE COMMITTEE REVIEW FORM 990 AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE ACCOUNTING FIRM. THESE OFFICERS REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| LINE 12C | The board of directors is required to disclose annually any known or potential conflicts of interest. All conflicts or potential conflicts are resolved by the chair of the board. |
| LINE 15A AND 15B | The Executive Committee is delegated the authority to determine the ongoing compensation and other financial arrangements of the President. |
| SECTION C | Line 19 The organization's governing documents, conflict of interest policy and financial statements are available upon request. |
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