Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | The Company has policyholders who are also the owners of the Company. It is a mutual company. |
| Form 990, Part VI, Section A, line 7a | The policyholders/owners elect the board members and officers. |
| Form 990, Part VI, Section B, line 11b | No review was conducted. |
| Form 990, Part VI, Section B, line 12c | The organization annually evaluates all conflict of interest policies submitted by board members and employees. The organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the organization. |
| Form 990, Part VI, Section B, line 15 | Compensation is determined by the number of meetings attended by the board member. The board determines management and staff salaries based on experience and qualifications. |
| Form 990, Part VI, Section C, line 19 | The organization makes its public documents available upon request. |
| Form 990, Part XI, line 9: | Change in non-admitted assets 339. |
| Form 990, Part XII, Line 1: | As a regulated entity, the organization is required to report using statutory accounting rules as codified in Minnesota Statute 67A and as promulgated by the Department of Commerce of the State of Minnesota. The most significant item of this statutory basis of accounting is the exclusion of "non-admitted assets" (as described above) from the reported assets. |
| Form 990 Part XII Line 2b | The entire board serves as the audit committee. |
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