Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | Part VI, Line 6:Any person with a current policy is a voting member of the organization. |
| Member election for additional members Part VI line 7a | Part VI, Line 7a: The policyholders elect 5 to 9 members to serve as directors for a 3 year term at the annual policyholder meeting. |
| Form 990 governing body review Part VI line 11 | Part VI, Line 11b:Form 990 is reviewed and signed by the manager of the organization. The Board of Directors does not review it prior to filing. |
| Conflict of interest policy compliance Part VI line 12c | Part VI, Line 12c: This is done through the underwriting and issuance process of policy applications, claims settlement process and annual discussion and review by management and the board of directors. |
| CEO executive director top management comp Part VI line 15a | Part VI, Line 15a:Director compensation is determined by the number of meetings attended by the board member.The board determines management and staff compensation based upon experience and qualifications.. |
| Other officer or key employee compensation Part VI line 15b | Part VI, Line 15b:Director compensation is determined by the number of meetings attended by the board member.The board determines management and staff compensation based upon experience and qualifications.. |
| Governing documents etc available to public Part VI line 19 | Part VI, Line 19:Financial and governing documents are available to the public upon request. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Part XI, Line 9: Other Changes in Net Assets or Fund BalancesThe following assets (net of accumulated depreciation)are excluded from Part X as required by statutory accounting rules and Minnesota Statute 67A due to non-admitted classification.Furniture and fixtures 1,656Fire safety equipment 934Prepaid expenses 1,811Patronage balances 17Total non-admitted assets at the end of the year 4,418Total non-admitted assets at the beginning of the year 3,684Change in non-admitted assets (line 9 Part XI) (734) |
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