2025-10-21T11:05:05-07:00 2024-12-31 990 2024-01-01 136194674 RHODE ISLAND AUTOMOBILE INSURANCE PLAN RHOD 4019462310 c/o AIPSO 302 CENTRAL AVENUE JOHNSTON RI 02919 Jennifer De Oliveira CPA AINS Manager, Financial & Investment Ser 4019462310 2025-10-24 true 2024 2025-03-06 01:10:19Z AIPSO 302 Central Avenue Johnston RI 02919 13957262 false X www.aipso.com/ri X 1968 RI The purpose of the Rhode Island Automobile Insurance Plan is to make available automobile insurance to qualified drivers who are unable to purchase such coverage in the voluntary market. 13 13 0 13 0 0 0 11420866 12988244 536350 750937 206472 218081 12163688 13957262 0 0 2329307 293090 0 0 17408140 18066304 19737447 18359394 -7573759 -4402132 22939429 24300453 24065571 20694589 -1126142 3605864 The purpose of the Rhode Island Automobile Insurance Plan is to make available automobile insurance to qualified drivers who are unable to purchase such coverage in the voluntary market. false false To make available automobile insurance to qualified drivers who are unable to purchase such coverage in the voluntary market. false false false true false false false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 41 0 true 0 false false false false false false false false X 13 13 false false false false true true false true true true false false true true true true true true true false X AIPSO 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 X Amica Mutual Ins Co Gov Comm Member 0.25 X 0 0 0 Farmers Insurance Gov Comm Member 0.25 X 0 0 0 State Farm Co's Gov Comm Member 0.25 X 0 0 0 Nationwide Mut Ins Co Gov Comm Member 0.25 X 0 0 0 Delmar Condinho Gov Comm Member 0.25 X 0 0 0 Ernest Shaghalian Gov Comm Member 0.25 X 0 0 0 GEICO Gov Comm Member 0.25 X 0 0 0 Bruce Messier Gov Comm Member 0.25 X 0 0 0 Allstate Ins Co Gov Comm Member 0.25 X 0 0 0 Andrew Palazzo Gov Comm Member 0.25 X 0 0 0 Charles Reilly Gov Comm Member 0.25 X 0 0 0 Progressive Cas Ins Co Gov Comm Member 0.25 X 0 0 0 false false false Premiums Earned 524298 12988244 0 0 12988244 750937 0 0 Service Charges 524298 206948 206948 0 0 Late Penalty Fees 524298 7091 7091 0 0 Misc Inc 524298 4042 4042 0 0 218081 13957262 13957262 0 0 202184 0 0 0 22512 0 0 0 52823 0 0 0 15571 0 0 0 571049 0 0 0 128493 0 0 0 91985 0 0 0 617620 0 0 0 21934 0 0 0 1328 0 0 0 Losses Incurred 10431318 0 0 0 LAE Incurred 2294820 0 0 0 Commissions 979172 0 0 0 Premium Taxes 202371 0 0 0 2726214 0 0 0 18359394 0 0 0 16286944 15291448 0 3002506 6652485 6006499 22939429 24300453 1060256 704486 23005315 19990103 24065571 20694589 X -1126142 3605864 -1126142 3605864 22939429 24300453 X -4402132 9134138 X false true X true false false true false Escheat reserve 68606 Unapplied cash 30032 Due to AIPSO - pension 327526 Unpaid loss reserves 12584580 Unpaid loss adjustment expenses 998317 Premium deficiency reserves 1252263 Unearned premiums 4556920 Advanced assessments 171859 19990103 13957262 13957262 13957262 18359394 18359394 18359394 Pt VI, Line 6 Members of the Plan shall consist of all insurers writing automobile insurance in the State of Rhode Island. Pt VI, Line 7a Members elect the Governing Body. Pt VI, Line 11b Form 990 is reviewed and signed by either AIPSOs Manager or Director of Financial and Investment Services. Pt VI, Line 12c Governing Body members are required annually to sign a Conflict of Interest Statement disclosing any conflicts. Pt VI, Line 15a RI AIP employees are managed and paid employees of AIPSO, Federal ID#13-2732270. Pt VI, Line 15b The compensation of all employees is reviewed and approved by Human Resource Services and the President of AIPSO, provided that persons with conflicts of interest with respect to that compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. AIPSO participates in a variety of well-known regional and national salary surveys conducted by third party sources to obtain survey data. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. Pt VI, Line 19 Governing documents are available on the Plans website. Conflict of Interest Statements and Financial Statements are available upon request. Pt XI Other changes consist change in nonadmitted assets ($11,813), assessments to member insurance companies $9,106,866 and pension related changes other than net periodic cost $39,085. Form 990, Part VI, Line 9 Amica Mutual Ins Co 100 Amica Way Lincoln RI XXX-XX-XXXX Form 990, Part VI, Line 9 Farmers Ins Exchange 14517 Michaux Springs Pl Midlothian VA XXX-XX-XXXX Form 990, Part VI, Line 9 State Farm Mut Auto Ins Co 1 State Farm Plz Bloomington IL XXX-XX-XXXX Form 990, Part VI, Line 9 Nationwide Mut Ins Co 1 Nationwide Plz,#1-18-101 Columbus OH XXX-XX-XXXX Form 990, Part VI, Line 9 Andrew Palazzo 565 Broadway Providence RI XXX-XX-XXXX Form 990, Part VI, Line 9 Ernest Shaghalian 1401 Newport Avenue Pawtucket RI XXX-XX-XXXX Form 990, Part VI, Line 9 GEICO 1 Geico Blvd Fredericksburg VA XXX-XX-XXXX Form 990, Part VI, Line 9 Allstate Ins Co 157 Village Green Way Hazlet NJ XXX-XX-XXXX Form 990, Part VI, Line 9 Bruce Messier 1401 Newport Avenue Pawtucket RI XXX-XX-XXXX Form 990, Part VI, Line 9 Charles Reilly 785 Green Hill Beach Road South Kingstown RI XXX-XX-XXXX Form 990, Part VI, Line 9 Progressive Cas Ins Co 37857 Lake Shore Blvd Eastlake OH XXX-XX-XXXX Form 990, Part VI, Line 9 Delmar Condinho 2761 Pawtucket Avenue East Providence RI XXX-XX-XXXX Form 990, Part IX, Line 24e Bank Charges 17019. Form 990, Part IX, Line 24e Bad Debt 158. Form 990, Part IX, Line 24e Credit Card Fees 281635. Form 990, Part IX, Line 24e Collection Fees 527. Form 990, Part IX, Line 24e Change in Premium Deficiency Reserve 823407. Form 990, Part IX, Line 24e Electronic Subscriptions 1103. Form 990, Part IX, Line 24e Miscellenous 89. Form 990, Part IX, Line 24e Payroll Processing 558. Form 990, Part IX, Line 24e Premium Charge-Offs 14128. Form 990, Part IX, Line 24e Professional Dues 165. Form 990, Part IX, Line 24e Rate and Survey Data 73403. Form 990, Part IX, Line 24e Taxes - Other 13481. Form 990, Part IX, Line 24e Underwriting Reports - DMV 215813. Form 990, Part IX, Line 24e Underwriting Reports - Other 34196. Form 990, Part IX, Line 24e S/C fees - allocated LAE 1250532.