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 | Any person with a current policy is a voting member of the organization. |
| Member election for additional members 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 | Form 990 is reviewed and signed by the Secretary / Treasurer of the organization. The full board of directors does not review it prior to filing. |
| Conflict of interest policy compliance Part VI line 12c | The monitoring of compliance with the conflict of interest policy is done through the underwriting and issuance of policy applications, the claims settlement process and an annual discussion and review by management and the board of directors. |
| CEO executive director top management comp Part VI line 15a | Director compensation is determined by the number of meetings attended by the board member. |
| Other officer or key employee compensation Part VI line 15b | The board determines management and staff compensation based upon experience and qualifications. |
| Governing documents etc available to public Part VI line 19 | Financial and governing documents are available to the public upon request. |
| Other or change in accounting method Part XII line 1 | As a regulated entity, the organization is requred 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 from the reported assets. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | The 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 926Total non-admitted assets at the end of the year 926Total non-admitted assets at the beginning of the year 655Change in non-admitted assets (271) |
| Software ID: | |
| Software Version: |