Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 2 | EFFECTIVE JANUARY 1, 2019, THE PLAN'S PERSONAL VEHICLE COMPONENT, PERSONAL AUTO INSURANCE PROGRAM (PAIP), POLICIES ARE ISSUED ON KENTUCKY AUTOMOBILE INSURANCE PLAN PAPER. ISSUANCE OF THE POLICIES AND CLAIMS HANDLING IS ADMINISTERED BY AUTOMOBILE INSURANCE PLAN SERVICE OFFICE (AIPSO). THIS ACTIVITY IS INCLUDED IN THE 990. PRIOR TO JANUARY 1, 2019, THE PERSONAL AUTO INSURANCE PROGRAM OPERATED ON AN ASSIGNMENT BASIS. THE PLAN RECEIVED APPLICATIONS AND FORWARDED APPLICATIONS TO MEMBER INSURANCE COMPANIES. EACH MEMBER COMPANY WROTE ITS OWN POLICIES FOR THE APPLICANTS ASSIGNED. THIS ACTIVITY WAS NOT INCLUDED IN THE 990. THERE HAVE BEEN NO CHANGES IN THE SERVICES PROVIDED BY THE PLAN. THERE WERE ONLY CHANGES IN THE PLATFORM USED BY THE PLAN TO ADMINISTER THOSE SERVICES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE EXECUTIVE DIRECTOR REVIEWS THE 990 AND SHARES A COPY OF THE 990 WITH THE GOVERNING COMMITTEE AS APPROPRIATE DUE TO THE MAKE UP OF THE GOVERNING COMMITTEE CONSISTING OF INSURANCE REPRESENTATIVES. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL MEMBERS OF THE GOVERNING COMMITTEE ARE REQUIRED ANNUALLY TO SUBMIT A COMPLETED CONFLICT OF INTEREST POLICY TO THE PLAN. |
| FORM 990, PART VI, SECTION B, LINE 15A | AN EXECUTIVE COMMITTEE COMPOSED OF INDEPENDENT GOVERNING COMMITTEE MEMBERS MEET ON AN ANNUAL BASIS TO DETERMINE THE SALARY ADJUSTMENT FOR THE EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE PLAN DETERMINES WHETHER OR NOT TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | PRIOR PERIOD ADJUSTMENTS FOR CONVERSION TO STATUTORY BASIS FINANCIAL STATEMENTS 983,730. |
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