Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 7a | The Company was established by Texas statute. The company has a nine-member Board of Directors consisting of Texas business employers. Five members, including the chair, are appointed by the Governor of Texas and confirmed by the Senate. The remaining four board members are elected by the policyholders. |
| Form 990, Part VI, Section A, Line 7b | Legislation prohibits the appointment or election of any person who has a potential conflict of interest because of other involvement in the insurance industry. |
| Form 990, Part VI, Section B, Line 11b | The 990 tax return is completed by an accountant in the Financial Reporting department using workpapers and verification to the Company's Annual Statement and Audited Statutory Annual Report. The return is reviewed by management prior to filing the return. |
| Form 990, Part VI, Section B, Line 12c | The Company's Conflict of Interest Policy is reviewed annually. The policy is distributed to all employees via a yearly publications email. All employees are required to acknowledge receipt by providing an electronic signature. |
| Form 990, Part VI, Section B, Line 15 | On an annual basis, compensation review data is performed by the Company's HR department for all benchmark positions, including executive positions. This information is provided to the Board of Directors for review. The Board of Directors approves the compensation package for the President and General Auditor. The President or his designee approves the pay for all other employees based on compensation data provided by Human Resources. |
| Form 990, Part VI, Section C, Line 19 | All external requests for organization information can be obtained through written requests. Additionally, certain financial information is available on the Company's website. |
| Form 990, Part XI, Line 9 | Change in non-admitted assets ($6,307,352); Change in provision for reinsurance $109; Post retirement medical plan ($194,498) |
| Software ID: | 14000267 |
| Software Version: | v1.00 |