2024-09-27T10:15:24-05:00 2023-12-31 571157523 Aprio LLP 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2023-01-01 581391591 Georgia Insurers Insolvency Pool GEOR 7706219835 3700 Crestwood Parkway Ste 400 Duluth GA 30096 Frank Knighton Jr Executive Director 7706219835 2024-09-27 1 1 Stacy Cullen P00974308 4048929651 2024-09-27 2023 2024-10-15 13:58:12Z Frank Knighton Jr 3700 Crestwood Parkway Ste 400 Duluth GA 30096 6924334 0 X N/A X 1970 GA The Pool was established to provide certain protections to policyholders of insolvent insurers in accordance with OCGA 33-36-1 ET SQ. 7 7 0 7 0 0 0 0 6014176 3478931 1984525 3445399 0 4 7998701 6924334 0 0 5473455 6577765 0 0 0 0 0 1800162 2043907 7273617 8621672 725084 -1697338 146687274 144989936 0 0 146687274 144989936 To protect Georgia resident policyholders and claimants against failure in the performance of contractual obligations due to the insolvency of an authorized insurance company. 0 0 The persons benefited by the pool were Georgia resident policyholders and claimants of insolvent property and casualty insurance companies. When an admitted insurer is declared insolvent and ordered into liquidation, the pool is required to fulfill certain of the contractual obligations of that company in order to protect Georgia residents. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 166 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 GA X Georgia Insurers Insolvency Pool 7706219835 3700 Crestwood Parkway Ste 400 Duluth GA 30096 X Jacqueline M Schaendorf Chairman 0.10 X X 0 0 0 Scott Mcdonough Vice-Chair 0.10 X X 0 0 0 Gary Willis Director 0.10 X 0 0 0 Raymond Waugh Director 0.10 X 0 0 0 Cheri Svehla Director 0.10 X 0 0 0 Kristen Essig Director 0.10 X 0 0 0 Nancy Allen Director 0.10 X 0 0 0 0 0 0 0 0 0 0 Marchman-Steele Agency INC 3700 Crestwood Parkway Suite 400 Duluth GA 30096 Management 1700023 1 Liquidation Proceeds 524298 3254032 3254032 Large Deductible 524298 190035 190035 Ancillary Proceeds 524298 34864 34864 3478931 3445399 3445399 Unearned Premium Claims 524298 4 4 4 6924334 3478935 0 3445399 6577765 1700023 32581 21625 289678 8621672 4022574 3544764 142664700 141445172 146687274 144989936 0 0 X 146687274 144989936 146687274 144989936 146687274 144989936 -1697338 0 X X 0 1 X 1 0 1 0 0 0 X 6924330 0 6924330 4 4 6924334 8621668 0 8621668 4 4 8621672 Part X, Line 2: No provision has been made for income taxes in the financial statements, as the Entity is exempt from federal income tax under Internal Revenue Code Section 501(c)(6). The applicable accounting standards state that a tax benefit arising from uncertain tax position can only be recognized for financial reporting purposes if, and to the extent that, the position is more likely than not to be sustained in an audit by the applicable taxing authority. There were no unrecognized tax benefits and related tax liabilities at December 31, 2023. The Entity is no longer subject to income tax examinations for calendar years prior to 2020. Part XI, Line 4b - Other Adjustments: Unearned Premium Claims 4. Part XII, Line 4b - Other Adjustments: Unearned Premium Claims 4. A Treasury Note 581391591 912828V23 2019-05-03 1999375 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CBE0 2021-12-23 1977266 Fixed Interest 0 0 0 C Treasury Note 581391591 912828V80 2019-05-03 1998438 Fixed Interest 0 0 0 D Treasury Note 581391591 912828W48 2019-05-03 1986563 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 912828W48 2022-03-23 2998560 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CBR1 2022-02-18 3898125 Fixed Interest 0 0 0 C Treasury Note 581391591 912828W71 2019-05-03 1986250 Fixed Interest 0 0 0 D Treasury Note 581391591 912828X70 2019-05-03 1479844 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 912828X70 2019-07-01 506250 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CEK3 2022-05-02 1497656 Fixed Interest 0 0 0 C Treasury Note 581391591 91282CEK3 2022-06-01 2003906 Fixed Interest 0 0 0 D Treasury Note 581391591 912828XT2 2019-07-01 2532813 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 91282CER8 2022-05-27 2002656 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CCG4 2022-10-03 2806875 Fixed Interest 0 0 0 C Treasury Note 581391591 9128286Z8 2019-08-01 3000000 Fixed Interest 0 0 0 D Treasury Note 581391591 912828Y87 2019-12-20 2011500 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 912828Y87 2021-03-22 2611914 Fixed Interest 0 0 0 B Treasury Note 581391591 9128282U3 2019-12-20 1516530 Fixed Interest 0 0 0 C Treasury Note 581391591 9128282U3 2019-12-31 505702 Fixed Interest 0 0 0 D Treasury Note 581391591 912828YE4 2021-03-22 2568848 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A FHLB 581391591 3130A2UW4 2019-11-06 2113783 Fixed Interest 0 0 0 B FHLB 581391591 3130AFBC0 2022-09-01 1992960 Fixed Interest 0 0 0 C FNMA 581391591 3135G0W66 2020-01-27 1005665 Fixed Interest 0 0 0 D Treasury Note 581391591 912828YM6 2019-12-31 994437 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 912828YM6 2021-03-22 2590625 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CDH1 2022-08-30 1889600 Fixed Interest 0 0 0 C Treasury Note 581391591 9128283J7 2022-10-03 2872500 Fixed Interest 0 0 0 D FHLB 581391591 3130A3GE8 2020-01-27 1587861 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 91282CDS7 2022-08-31 1897969 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CDS7 2022-10-27 3725236 Fixed Interest 0 0 0 C Treasury Note 581391591 91282CDZ1 2022-08-31 2389340 Fixed Interest 0 0 0 D Treasury Note 581391591 91282CDZ1 2022-10-31 2814727 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 91282CED9 2022-06-28 2892240 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CEH0 2023-01-20 1458750 Fixed Interest 0 0 0 C Treasury Note 581391591 91282CEQ0 2022-11-30 2889141 Fixed Interest 0 0 0 D Treasury Note 581391591 91282CEU1 2022-11-30 2897695 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 91282CEY3 2023-03-31 2937780 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CFE6 2023-01-20 1475025 Fixed Interest 0 0 0 C Treasury Note 581391591 91282CFK2 2023-02-24 3912000 Fixed Interest 0 0 0 D Treasury Note 581391591 91282CFP1 2023-02-28 3474975 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 912828M56 2023-03-31 2878620 Fixed Interest 0 0 0 B FHLB 581391591 3130ATUC9 2022-12-23 2533000 Fixed Interest 0 0 0 C Treasury Note 581391591 91282CGE5 2023-05-22 2952304 Fixed Interest 0 0 0 D Treasury Note 581391591 91282CGE5 2023-05-31 2459033 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 912828P46 2023-12-20 3318055 Fixed Interest 0 0 0 B FHLB 581391591 313373B68 2023-02-28 1989686 Fixed Interest 0 0 0 C Treasury Note 581391591 91282CGR6 2023-05-22 2973619 Fixed Interest 0 0 0 D Treasury Note 581391591 91282CGV7 2023-05-31 2474313 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 91282CHH7 2023-06-30 3479875 Fixed Interest 0 0 0 B Treasury Note 581391591 91282CHM6 2023-09-08 3483410 Fixed Interest 0 0 0 C Treasury Note 581391591 912828Y95 2023-07-31 1864438 Fixed Interest 0 0 0 D Treasury Note 581391591 9128282A7 2023-08-18 3204688 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 91282CHY0 2023-09-27 2991375 Fixed Interest 0 0 0 B Treasury Note 581391591 912828U24 2023-07-31 1859000 Fixed Interest 0 0 0 C Treasury Note 581391591 912828Z78 2023-11-01 1805688 Fixed Interest 0 0 0 D Treasury Note 581391591 912828V98 2023-11-01 1849125 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 D 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A Treasury Note 581391591 912828X88 2023-11-01 1845609 Fixed Interest 0 0 0 B Treasury Note 581391591 912810FA1 2023-11-22 3743414 Fixed Interest 0 0 0 C Treasury Note 581391591 9128283F5 2023-11-22 3237008 Fixed Interest 0 0 0 A 0 0 0 1 B 0 0 0 1 C 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 Form 990, Part VI, Section A, line 3 The association contracts with the Marchman Steele Agency, Inc. to carry out the day-to-day management responsibilities of the association. Form 990, Part VI, Section A, line 7a The board members are appointed by the insurance commissioner in accordance with the procedures outlined in the Georgia insurance laws. Form 990, Part VI, Section A, line 7b The association is supervised by the Georgia insurance commissioner. Form 990, Part VI, Section B, line 11b After the return is reviewed thoroughly by the administrator's CFO and the executive director, the return is forwarded to the board members for their comments prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Each year, all directors and officers of the Association and key employees of the Administrator are provided with notice of the Conflicts of Interest Policy which is to be signed and returned to the Executive Director to keep with the Association's records. Any conflicts are to be disclosed on the signed statement. The conflicts of interest policy is enforced by the officers of the Board of Directors of the Association in accordance with the policy. Form 990, Part VI, Section B, line 15 Each year the board of directors reviews the salaries of the Executive Director and other key employees of the administrator and the billing rates and practices of the association. Form 990, Part VI, Section C, line 19 The Annual Report and the Audited Financial Statement of the Pool are provided to the Insurance Commissioner and others upon request. The Pool is governed by Chapter 36, Title 33 of the Georgia Insurance Code to accomplish its mission. Part XII Line 2C: The organization's audit committee recommends the independent accounting firm to the board for approval and oversees the audit.