TY 2019 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) GREGORY JONES......................................................................
CHAIRMAN

0.20
.................

(2) DENISE JOHNSON......................................................................
VICE-CHAIR

0.20
.................

(3) DAWN LEMKE......................................................................
SECRETARY/TREASURER

0.20
.................

(4) CASEY DAVIS......................................................................
DIRECTOR

0.10
.................

(5) BARBARA GLENN-RADER......................................................................
DIRECTOR

0.10
.................

(6) KELLY GRAMMER......................................................................
DIRECTOR

0.10
.................

(7) KIM DECKER......................................................................
DIRECTOR

0.10
.................

(8) BRIAN KUHLMANN......................................................................
DIRECTOR

0.10
.................

(9) PAUL SPRINGER......................................................................
DIRECTOR

0.10
.................

(10) MICHAEL ROSS......................................................................
DIRECTOR

0.10
.................

(11) KURT DAIGLE......................................................................
DIRECTOR

0.10
.................

(12) MEGGAN CONNER......................................................................
DIRECTOR

0.10
.................

(13) JONATHAN BUXTON......................................................................
FORMER EXECUTIVE DIRECTOR

8.00
.................

26,458

(14) AMANDA BARBERA......................................................................
EXECUTIVE DIRECTOR

6.00
.................

2,990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

CORVEL MEDCHECK

10900 HEFNER POINTE DR SUITE 401
OKLAHOMA CITY,OK73120

MEDICAL BILL REVIEW

108,515

DERRYBERRY & NAIFEH LLP

4800 N LINCOLN BLVD
OKLAHOMA CITY,OK73105

LEGAL SERVICES

103,841

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1	7,321,396
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e	0
3	Subtract line 2e from line 1..................	3	7,321,396
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b	301
c	Add lines 4a and 4b....................	4c	301
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5	7,321,697

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1	4,804,124
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e	0
3	Subtract line 2e from line 1...................	3	4,804,124
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5	4,804,124

Return Reference	Explanation
PART XI, LINE 4B - OTHER ADJUSTMENTS:	FROM INSURANCE GUARANTY ASSOCIATION PURCHASING GROUP, LLC K-1 301.

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

OKLAHOMA PROPERTY AND CASUALTY INSURANCE
GUARANTY ASSOCIATION

Employer identification number

73-1121874

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 1	THE ASSOCIATION IS ADMINISTERED BY A BOARD OF TWELVE DIRECTORS AS PROVIDED FOR IN THE OKLAHOMA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION ACT, TITLE 36 O.S. SEC. 2001, ET SEQ. ("THE ACT"). THIS NUMBER MAY FLUCTUATE DEPENDING ON TIMING; HOWEVER, AT NO TIME WILL THE VOTING MEMBERS OF THE GOVERNING BODY EXCEED TWELVE.
FORM 990, PART VI, SECTION A, LINE 6	MEMBER INSURER MEANS ANY PERSON WHO (A) WRITES ANY KIND OF INSURANCE TO WHICH THIS ACT APPLIES, INCLUDING THE EXCHANGE OF RECIPROCAL OR INTERINSURANCE CONTRACTS AND (B) IS LICENSED BY THE COMMISSIONER TO TRANSACT INSURANCE IN THIS STATE, EXCEPT THOSE INSURERS ENUMERATED IN SECTION 110 OF TITLE 36 OF THE OKLAHOMA STATUTES. ALL INSURERS MUST BE MEMBERS OF THE OKLAHOMA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION AS A CONDITION OF THEIR AUTHORITY TO TRANSACT INSURANCE IN OKLAHOMA.
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD IS COMPOSED OF TWO MEMBERS SELECTED BY THE AMERICAN INSURANCE ASSOCIATION, WHO ARE MEMBER INSURERS; TWO MEMBERS SELECTED BY THE PROPETY AND CASUALTY INSURERS ASSOCIATION OF AMERICA, WHO ARE MEMBER INSURERS; TWO MEMBERS SELECTED BY THE NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES, WHO ARE MEMBER INSURERS; TWO OKLAHOMA DOMESTIC INSURERS, WHO ARE MEMBER INSURERS; AND TWO NONAFFILIATED FOREIGN OR ALIEN INSURERS, WHO ARE MEMBER INSURERS. THERE ARE ALSO TWO INSURANCE AGENTS WHO SHALL SERVE AS EX OFFICIO MEMBERS ON THE BOARD. ONE OF THE EX OFFICIO MEMBERS IS THE EXECUTIVE DIRECTOR OF THE INDEPENDENT INSURANCE AGENTS OF OKLAHOMA; AND ONE OF THE EX OFFICIO MEMBERS IS AN AGENT APPOINTED BY THE GOVERNOR. THE MEMBERS OF THE BOARD OF DIRECTORS EXCEPT FOR THE EX OFFICIO MEMBERS ARE SUBJECT TO APPROVAL BY THE COMMISSIONER OF INSURANCE IN OKLAHOMA.
FORM 990, PART VI, SECTION A, LINE 7B	AS SPECIFIED IN THE OKLAHOMA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION ACT, TITLE 36 O.S. SEC. 2008, THE ORGANIZATION IS REQUIRED TO SUBMIT TO THE COMMISSIONER A PLAN OF OPERATION AND ANY AMENDMENTS TO THE PLAN. THE COMMISSIONER MUST THEN APPROVE THE PLAN OF OPERATION BEFORE IT BCOMES EFFECTIVE.
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE FORM 990 WAS PROVIDED TO THE GOVERNING BODY OF THE BOARD AND WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND GENERAL MANAGER, WITH ASSISTANCE FROM THE SENIOR ACCOUNTANT DURING REVIEW, PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	ALL DIRECTORS AND EMPLOYEES ARE REQUIRED TO EXECUTE THE POLICY ANNUALLY. ALL BOARD OF DIRECTORS' MEETINGS OPEN WITH AN ADMONITION FROM THE CHAIRMAN REGARDING THIS POLICY. A COPY OF THE POLICY IS INCLUDED IN ALL INFORMATION PACKETS DISTRIBUTED TO THE BOARD.
FORM 990, PART VI, SECTION B, LINE 15A	IN 2019, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE GENERAL MANAGER'S SALARY. THE APPROVAL WAS DOCUMENTED IN THE MINUTES OF THE EXECUTIVE SESSION OF THE BOARD. THERE ARE NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	FROM INSURANCE GUARANTY ASSOCIATION PURCHASING GROUP, LLC K-1 -301.
FORM 990, PART XII, LINE 1	THE ASSOCIATION PREPARES ITS FINANCIAL STATEMENTS ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS BASED ON CASH RECEIPTS AND DISBURSEMENTS, EXCEPT FOR FURNITURE, FIXTURES AND EQUIPMENT, WHICH ARE CAPITALIZED AS PAID AND FOR WHICH DEPRECIATION IS RECORDED OVER THE ESTIMATED USEFUL LIFE. CONSEQUENTLY, REVENUES ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED AND CERTAIN EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. THESE FINANCIAL STATEMENTS ARE NOT INTENDED TO PRESENT THE FINANCIAL POSITION AND THE CHANGES IN NET ASSETS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: THE ASSOCIATION, AS A NONPROFIT ACTING ON BEHALF OF ITS MEMBER INSURERS, RESPONDS TO THE NEEDS OF OKLAHOMA POLICYHOLDERS BY STEPPING INTO THE SHOES OF AN INSOLVENT INSURER TO FULFILL OBLIGATIONS ON COVERED CLAIMS, INCLUDING DEFENSE OF AN INSURED, SUBJECT TO THE LIMITATIONS PROVIDED IN THE OKLAHOMA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION ACT.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	12
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	12
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	6
6	Total number of volunteers (estimate if necessary) .............	6	12
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	4,521,555	6,067,366
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	624,324	1,254,331
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	5,145,879	7,321,697
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	5,349,014	3,353,264
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	759,764	541,168
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	975,553	909,692
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	7,084,331	4,804,124
19	Revenue less expenses. Subtract line 18 from line 12.......	-1,938,452	2,517,573
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	66,477,648	68,994,920
21	Total liabilities (Part X, line 26).............	0	0
22	Net assets or fund balances. Subtract line 21 from line 20.....	66,477,648	68,994,920

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER AND ASSESS THE COST OF THIS PROTECTION.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	29,448	0	0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	RECOVERY EARLY ACCESS	524298	6,038,378	6,038,378
b	MEMBER INSURER ASSESSMENTS	524298	28,687	28,687
c	INS. GUAR. ASSOC. PURCHASING GROU	524298	301	301
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		6,067,366

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,254,331			1,254,331
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			7,321,697	6,067,366	0	1,254,331

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......	3,353,264
5	Compensation of current officers, directors, trustees, and key employees ...........	29,448
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	389,169
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	19,333
9	Other employee benefits .......	71,372
10	Payroll taxes ...........	31,846
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	105,829
c	Accounting ...........	23,125
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......	28,209
14	Information technology ......	70,274
15	Royalties ..
16	Occupancy ...........	76,597
17	Travel ............	8,683
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	12,579
23	Insurance ...	51,979
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	CLAIMS EXPENSE	271,027
b	DUES AND SUBSCRIPTIONS	133,857
c	OPERATING EXPENSES	111,300
d	BANK SERVICE CHARGES	11,590
e	All other expenses	4,643
25	Total functional expenses. Add lines 1 through 24e	4,804,124
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			6,196,982	1	89,742
2	Savings and temporary cash investments .........			53,969,230	2	53,497,917
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,086,808
b	Less: accumulated depreciation	10b	1,070,365	26,507	10c	16,443
11	Investments—publicly traded securities .			6,284,362	11	15,365,710
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			567	15	25,108
16	Total assets. Add lines 1 through 15 (must equal line 33)...			66,477,648	16	68,994,920

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	0	26	0

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	66,477,648	27	68,994,920
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	66,477,648	32	68,994,920
33	Total liabilities and net assets/fund balances ........	66,477,648	33	68,994,920

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....
b	Buildings ....
c	Leasehold improvements	20,540	20,540	0
d	Equipment ....	1,066,268	1,049,825	16,443
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				16,443

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)