2026-02-10T10:18:46-07:00 2025-09-30 990 2024-10-01 237097511 VIRGINIA PROPERTY INSURANCE ASSN VIRG 8045913700 301 CONCOURSE BLVD SUITE 190 GLEN ALLEN VA 23059 SUSAN TINSLEY GENERAL MANAGER & SECRETARY 8045913700 2026-01-30 1 2024 2025-03-06 01:10:19Z SUSAN TINSLEY 301 CONCOURSE BLVD SUITE 190 GLEN ALLEN VA 23059 22316997 0 X www.vpia.com X 1968 VA The Virginia Property Insurance Association (VPIA or "the Association") was established by the Virginia State Corporation Commission for the purpose of Administering a program of equitable distribution and placement of basic property insurance in compliance with the urban property protection and reinsurance act of 1968. The program became effective on July 26, 1968, as the Virginia Insurance Placement Facility and was reorganized as VPIA October 1, 1973. VPIA issues policies on behalf of its members who bear the direct risk on a pro-rata basis. VPIA is responsible for the collection of premiums, payment of commissions, losses and loss adjustment expenses, and also general administrative expenses. Assessments are made on participating companies for funds as they are needed. 15 15 19 0 0 0 0 0 16864407 21040474 1276351 1276523 0 0 18140758 22316997 0 0 14035182 6165922 1216079 1177046 0 0 0 3951608 4648633 19202869 11991601 -1062111 10325396 30357904 38193703 19535314 17823612 10822590 20370091 The Virginia Property Insurance Association (VPIA or "the Association") was established by the Virginia State Corporation Commission for the purpose of Administering a program of equitable distribution and placement of basic property insurance in compliance with the urban property protection and reinsurance act of 1968. The program became effective on July 26, 1968, as the Virginia Insurance Placement Facility and was reorganized as VPIA October 1, 1973. VPIA issues policies on behalf of its members who bear the direct risk on a pro-rata basis. VPIA is responsible for the collection of premiums, payment of commissions, losses and loss adjustment expenses, and also general administrative expenses. Assessments are made on participating companies for funds as they are needed. 0 0 9475270 The Virginia Property Insurance Association (VPIA or "the Association") was established by the Virginia State Corporation Commission for the purpose of Administering a program of equitable distribution and placement of basic property insurance in compliance with the urban property protection and reinsurance act of 1968. The program became effective on July 26, 1968, as the Virginia Insurance Placement Facility and was reorganized as VPIA October 1, 1973. VPIA issues policies on behalf of its members who bear the direct risk on a pro-rata basis. VPIA is responsible for the collection of premiums, payment of commissions, losses and loss adjustment expenses, and also general administrative expenses. Assessments are made on participating companies for funds as they are needed. 0 0 0 9475270 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 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 1 273 0 19 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X VIRGINIA PROPERTY INSURANCE ASSOCIATION 8045913700 301 CONCOURSE BLVD SUITE 190 GLEN ALLEN VA 23059 Ms Susan M Tinsley CPCU General Manager and Secretary 50 0 X X 227230 0 0 Ms Kelly Biester Assistant Manager 50.00 0 X 158566 0 0 Mr David Bonenfant CPCU ChFC CLU Chairman 0.8 0 X 0 0 0 Ms Nicole Sportiello Board Member 0.8 0 X 0 0 0 Mr Conleth Kennedy Vice Chairman 0.8 0 X 0 0 0 Ms Betty Wooldridge Board Member 0.8 0 X 0 0 0 Mr Noland Deas Board Member 0.80 0 X 0 0 0 Ms Robee Berry Board Member 0.8 0 X 0 0 0 Mr Karl Eckhardt Board Member 0.8 0 X 0 0 0 Mr Shane Badon Board Member 0.8 0 X 0 0 0 Mr Matt Hudnell Board Member 0.8 0 X 0 0 0 Mr Matt Youngsma Board Member 0.8 0 X 0 0 0 Mr Chad Harvel Board Member 0.8 0 X 0 0 0 Mr Scott DeNoon Board Member 0.8 0 X 0 0 0 Ms Edith Mason Alternate Board Member 0.8 0 X 0 0 0 Mr Tom Mathes Alternate Board Member 0.8 0 X 0 0 0 Ms Melanie Hartwell Alternate Board Member 0.8 0 X 0 0 0 Mr Peter Maercklein Alternate Board Member 0.8 0 X 0 0 0 Ms Cheryl Watts Alternate Board Member 0.8 0 X 0 0 0 Mr Kenneth Jarvis Alternate Board Member 0.8 0 X 0 0 0 Mr Eddie Redfearn Agent Board Member 0.8 0 X 0 0 0 Ms Carla Marks Agent Board Member 0.8 0 X 0 0 0 Mr James Stacia Public Board Member 0.8 0 X 0 0 0 385796 0 0 3 0 1 0 DATA DIRECTIONS INC 8510 BELL CREEK ROAD MECHANICSVILLE VA 23116 Data Management Service 722421 DataMatx Inc 3146 Northeast Expressway NC Atlanta GA 303415345 Printing & Mailing 272531 ICSO H&W TRUST 7408 SOLUTION CENTER CHICAGO IL 60677 Employee Benefits 201719 N&C CLAIMS SERVICE INC 5824 BEE RIDGE ROAD PMB 328 SARASOTA FL 34233 CLAIMS AND LOSS ADJUSTMENT SERVICES 254879 AON BENFIELD INC NW 9747 PO BOX 1450 MINNEAPOLIS MN 55485 REINSURANCE 2086463 5 0 Net Premium Earned 524126 21040474 21040474 0 0 0 0 0 0 21040474 0 0 0 0 1276523 1276523 0 0 0 0 0 0 0 0 0 0 0 22316997 22316997 0 0 0 0 0 0 0 0 6165922 6165922 0 0 0 0 0 0 0 0 842562 0 842562 0 117878 0 117878 0 150771 0 150771 0 65835 0 65835 0 0 0 0 0 687 0 687 0 44240 0 44240 0 0 0 0 0 0 0 86898 0 86898 0 0 0 0 0 0 0 0 0 291962 0 291962 0 179481 0 179481 0 0 0 0 0 0 0 0 0 19885 0 19885 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8583 0 8583 0 23020 0 23020 0 Commissions 2480344 2480344 0 0 Inspections & Surveys 495436 0 495436 0 Boards, Bureaus & Associations 35337 0 35337 0 Premium Taxes & Business Property Tax 830178 829004 1174 0 152582 0 152582 0 11991601 9475270 2516331 0 9464074 14006921 0 0 0 0 139697 61658 28017 22709 0 0 196921 265694 0 0 0 0 0 0 20529195 23836721 0 0 0 0 0 0 30357904 38193703 1442712 1518611 0 0 12336003 13910449 0 0 0 0 0 0 0 0 0 0 5756599 2394552 19535314 17823612 X 0 0 0 0 10822590 20370091 10822590 20370091 30357904 38193703 X 10325396 0 0 0 0 -777895 X 0 1 1 0 0 0 0 0 0 0 0 0 0 0 23836721 C 23836721 0 Losses & Loss Adjustment Expenses 2394552 2394552 X Schedule D, Part X, Line 2 The Association qualifies under Section 501(c)(6) of the Internal Revenue Code (IRC) and is, therefore, not subject to taxation under present income tax laws. The Association is required to operate in conformity with the IRC to maintain its qualification. The Association is not aware of any course of action or events which have occurred that might adversely affect its qualified status. X 0 0 0 Ms Susan M Tinsley CPCU General Manager and Secretary 191352 0 35878 0 0 0 0 0 0 0 227230 0 0 0 Ms Kelly Biester Assistant Manager 137146 0 21420 0 0 0 0 0 0 0 158566 0 0 0 Schedule J, Part I, Line 3 Compensation of the General Manager and Assistant Manager is administered under VPIA's Salary Administration Program which is approved by the Board of Directors. VPIA utilizes independent consultants to conduct salary studies periodically and report to the Board of Directors. Merit increases and salary scale adjustments are provided by an independent organization and approved by the Board of Directors annually. Form 990, Part VI, Section A, Line 6 Members of VPIA are defined as follows in Article V, Section A. of VPIA's Plan of Operations: "Members. All insurers licensed to write basic property insurance on a direct basis in Virginia, unless specifically exempted by law from participation in this Association, shall become Members of the Association by subscribing to this Plan of Operation and shall be referred to herein as Members." Form 990, Part VI, Section A, Line 7a The election of members of the governing body is stated in Article VI. "Board of Directors", Sections A., B. & C. of VPIA's Plan of Operations: "A. Number, Selection. The Association shall be governed by a Board of fifteen directors composed of (1) four individuals appointed by the Commissioner, two of whom shall be licensed property and casualty agents and two of whom shall be from the general public, and (2) eleven Members, no two of which may be under common control or ownership, which shall be elected by cumulative vote of the Members. B. Term. Directors shall be annually appointed or elected, as the case may be, and shall serve for a period of one year or until their successors are appointed or elected and their designated representatives named. In the event of a vacancy occurring during the term if among appointed directors, a successor shall be appointed by the Commissioner and if among the Member directors, a successor shall be elected by the Board. C. Designation of Member Representation. As soon as practicable following the Annual Meeting of Members, each Member director shall designate a representative and an alternate representative and shall notify the Association in writing of such designations." Form 990, Part VI, Section A, Line 7b In accordance with Article VI. "Board of Directors", Section D. of VPIA's Plan of Operations, which states as follows: "D. Powers. The Board shall have all the powers vested in the Association under Chapter 27, Title 38.2 of the Code of Virginia and shall have such further powers and responsibilities as may be prescribed by this Plan of Operation or by the Members subject in either case to approval by the Commission, including, without limitation, the right in person or through representatives, to audit and inspect the books and records of any Member as to matters within the purview of this Plan of Operation or the Member's responsibilities as a Member of this Association. The Board may adopt such rules and rules of order as it deems necessary for the conduct of its business." As stated in Article IV, "Definitions" of VPIA's Plan of Operations, " 'Commission' means the State Corporation Commission of Virginia". Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the General Manager & Secretary, posted to the administrative section of VPIA's website for the Board of Directors, and emailed to each member of the Board of Directors prior to filing. Form 990, Part VI, Section B, Line 12c Annually, all of the members of the Board of Directors and all of the employees are required to complete, sign, & date conflict of interest statements. Form 990, Part VI, Section B, Line 15 Compensation of the General Manager and Assistant Manager is administered under VPIA's Salary Administration Program which is approved annually by the Board of Directors. Also, VPIA completed a salary study that was provided by an independent company to the Board of Directors. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and the financial statements are available to the public through VPIA's website. Form 990, Part XI, Line 9 ($812,515) change in non-admitted assets and $34,620 change in the post-retirement benefit obligation.