2026-08-18T12:48:22-05:00 2025-12-31 351178661 BLUE & CO LLC 500 N MERIDIAN ST SUITE 200 INDIANAPOLIS IN 46204 990 2025-01-01 363678111 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS INC NATI 3174648199 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 ROGER H SCHMELZER PRESIDENT, CEO 3174648199 2026-08-18 1 TYLER K GREENE CPA P00057872 3176334705 2026-07-30 2025 2025-03-06 01:10:19Z ROGER H SCHMELZER 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 5315088 0 X WWW.NCIGF.ORG X 1989 IL NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF) ASSISTS PROPERTY AND CASUALTY GUARANTY FUNDS 20 20 17 20 0 0 0 0 4825831 5106222 344149 208866 0 0 5169980 5315088 0 0 0 0 2422483 2674778 0 0 0 2215195 2124268 4637678 4799046 532302 516042 6416137 7074787 1100928 1130696 5315209 5944091 X TO BRING THE GREATEST POSSIBLE VALUE TO THE MEMBER STATE PROPERTY AND CASUALTY GUARANTY FUNDS AND THE STATE-BASED GUARANTY FUND SYSTEM IN OPERATIONAL SUPPORT, COMMUNICATION AND PUBLIC POLICY DEVELOPMENT. 0 0 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF) IS A BUSINESS ASSOCIATION AS DEFINED WITHIN INTERNAL REVENUE CODE SECTION 501(C)(6) WHICH ADVANCES THE COLLECTIVE MISSIONS OF ITS MEMBERS AND PROVIDES NATIONAL ASSISTANCE IN VARIOUS AREAS FOR PROPERTY AND CASUALTY GUARANTY FUNDS. NCIGF ASSISTS IN THE COORDINATION BETWEEN THE LIQUIDATORS AND PROPERTY AND CASUALTY GUARANTY FUNDS IN MULTI-STATE INSOLVENCIES, MONITORS LITIGATION AND LEGISLATION AFFECTING GUARANTY FUNDS, CONDUCTS VARIOUS EDUCATIONAL AND TRAINING PROGRAMS, PROVIDES INFORMATION CONCERNING THE PROPERTY AND CASUALTY GUARANTY FUND SYSTEM; AND PROVIDES A FORUM FOR DISCUSSION OF GUARANTY FUND RELATED ISSUES. NCIGF PROVIDES OPERATIONAL SUPPORT, COMMUNICATIONS AND PUBLIC POLICY DEVELOPMENT TO ITS MEMBERS, THE STATE PROPERTY AND CASUALTY INSURANCE GUARANTY FUNDS. THE NCIGF ALSO ASSISTS PROPERTY AND CASUALTY INSURANCE GUARANTY FUNDS BY PROVIDING THEM WITH CURRENT LEGISLATIVE INFORMATION AND EDUCATIONAL TRAINING OPPORTUNITIES.SEE SCHEDULE O FOR 2025 SERVICE ACCOMPLISHMENTS HIGHLIGHTS.HIGHLIGHTS OF OUR 2025 ACCOMPLISHMENTS INCLUDE:NCIGF LEGAL NCIGF'S LEGAL TEAM MADE SIGNIFICANT STRIDES IN STRENGTHENING CONTRACTS, COMPLIANCE, AND RISK MANAGEMENT THROUGHOUT 2025, SUCCESSFULLY ADVANCING ALL BUSINESS PLAN LEGAL OBJECTIVES ON TIME AND WITHIN BUDGET.OPERATIONALIZE PRE-LIQUIDATION PLANNINGIN 2025, NCIGF AND ITS COMMITTEE MEMBERS STRENGTHENED THE INSURANCE SAFETY NET BY ADVANCING PRE LIQUIDATION PLANNING, HELPING STAKEHOLDERS PREPARE EARLIER AND MORE EFFECTIVELY FOR POTENTIAL INSURER INSOLVENCIES. THIS WORK FOCUSED ON IMPROVING OPERATIONAL READINESS AND COORDINATION BY UPDATING PROCEDURES, CHECKLISTS, AND RESPONSE PROTOCOLS BASED ON LESSONS LEARNED FROM PAST INSOLVENCIES. THESE EFFORTS PROVIDE MORE PRACTICAL GUIDANCE TO SUPPORT TIMELY AND INFORMED DECISION MAKING WHEN INSURERS EXPERIENCE FINANCIAL DISTRESS. AND THEY PAID OFF. IN ONE INSOLVENCY, EARLY COORDINATION ACCELERATED THE DELIVERY OF CLAIMS INFORMATION TO GUARANTY ASSOCIATIONS, ADDRESSING THE NEEDS OF POLICYHOLDERS AND IMPROVING THE EFFICIENCY OF THE TRANSITION PROCESS. IN ADDITION, BEST PRACTICES WERE DEVELOPED TO STRENGTHEN COLLABORATION BETWEEN GUARANTY FUNDS AND REGULATORS, IMPROVING INFORMATION-SHARING AND ALIGNMENT DURING CRITICAL STAGES OF INSOLVENCY PLANNING. NCIGF'S DEVELOPMENT OF A PLP READINESS FRAMEWORK HELPED STAKEHOLDERS NAVIGATE PRE LIQUIDATION ACTIVITIES AND BETTER LEVERAGE NAIC EARLY INTERVENTION INITIATIVES. THE FRAMEWORK SUPPORTED BROADER AWARENESS AND ADOPTION AND EXPANDED INDUSTRY OUTREACH THROUGH PRESENTATIONS TO KEY GROUPS, INCLUDING DEPARTMENTS OF INSURANCE, THE INTERNATIONAL ASSOCIATION OF INSURANCE RECEIVERS, THE NAIC, AND NCIGF MEMBERS. TOGETHER, THESE EFFORTS ENHANCED PREPAREDNESS ACROSS THE INSURANCE SAFETY NET, HELPING PROTECT POLICYHOLDERS AND STRENGTHEN THE INDUSTRY'S OVERALL RESPONSE TO FINANCIAL DISTRESS.SUCCESSION PLANNING FOR STATE GUARANTY FUND ATTORNEYSNCIGF CONTINUES TO PLACE A STRONG EMPHASIS ON SUCCESSION PLANNING. DEDICATED SESSIONS AT THE 2025 NCIGF LEGAL SEMINAR BROUGHT TOGETHER INDUSTRY LEADERS TO SHARE PRACTICAL STRATEGIES FOR IDENTIFYING, DEVELOPING, AND TRANSITIONING FUTURE LEADERSHIP WITHIN GUARANTY ASSOCIATIONS. DISCUSSION TOPICS INCLUDED SUCCESSION PLANNING FOR EXECUTIVE LEADERSHIP, IN-HOUSE AND OUTSIDE COUNSEL, AND CLAIMS AND LITIGATION TEAMS THAT HANDLE HIGH-EXPOSURE OR PRECEDENT-SETTING MATTERS. PANELISTS EMPHASIZED THE IMPORTANCE OF EARLY PLANNING, CLEARLY DEFINED ROLES, STRUCTURED ONBOARDING, AND THE MAINTENANCE OF CONTINUITY OF INSTITUTIONAL KNOWLEDGE. THE SESSION ALSO ADDRESSED KEY ETHICAL CONSIDERATIONS, INCLUDING SUBSTITUTION OF COUNSEL AND CONFLICTS OF REPRESENTATION. TOM JENKINS SHARED A PRESENTATION HIGHLIGHTING THE HISTORY OF NCIGF AND KEY LESSONS LEARNED FROM SOME OF THE MOST COMPLEX PAST INSOLVENCIES. FOR MEMBERS OF THE GUARANTY FUND COMMUNITY WHO WERE NOT INVOLVED IN THOSE MATTERS, THIS HISTORICAL PERSPECTIVE UNDERSCORED THE IMPORTANCE OF PRESERVING INSTITUTIONAL KNOWLEDGE AND ENSURING THE NEXT GENERATION CAN LEARN FROM PAST EXPERIENCES.INSOLVENCY TRENDSTHREE MULTI-STATE INSURER INSOLVENCIES WERE RECORDED IN 2025, UP FROM 2024, WHEN ONLY ONE OCCURRED. NCIGF AND ITS MEMBERS REMAIN COMMITTED TO PROACTIVE PLANNING TO SUPPORT EFFECTIVE RESPONSES IN FUTURE INSOLVENCIES. THE 2025 INSOLVENCIES INCLUDED A LONG-TERM RUN-OFF COMPANY WITH WORKERS' COMPENSATION AND ENVIRONMENTAL CLAIMS AND A PRIVATE PASSENGER AUTO INSURER WITH POLICYHOLDERS IN FIVE STATES, THE SECOND AUTO INSOLVENCY DURING THE YEAR.RESPONDING TO A CHANGING MARKETPLACETECHNOLOGY, ENVIRONMENTAL SHIFTS, AND ECONOMIC FORCES ARE RESHAPING INSURANCE RISKS, WITH POTENTIAL DOWNSTREAM IMPLICATIONS FOR INSOLVENCIES AND GUARANTY FUNDS. NCIGF CONTINUES TO MONITOR THE EVOLVING RISK LANDSCAPE AND ENCOURAGES MEMBERS TO SHARE EMERGING ISSUES EARLY, STRENGTHENING THE GUARANTY FUND COMMUNITY'S KNOWLEDGE AND ALIGNMENT. THE CHANGING MARKETPLACE SUBCOMMITTEE LED THE DEVELOPMENT OF TOOLS TO HELP MEMBERS ANTICIPATE SOME EMERGING ISSUES: WILDFIRE UTILITY-IMMUNITY LEGISLATION; A SHIFT IN THE EXCESS AND SURPLUS INSURANCE MARKET; CAPTIVES AND HOW THEY ARE BEING USED; A DEEPER UNDERSTANDING OF FARM MUTUALS; AND STATUTES OF LIMITATIONS IN CHILD ABUSE CASES. THROUGH INITIATIVES SUCH AS THESE, NCIGF ADVANCES ITS LONG-TERM GOAL OF FOSTERING KNOWLEDGE-SHARING ACROSS GENERATIONS OF ATTORNEYS WHILE STRENGTHENING CONNECTIONS WITHIN THE LEGAL COMMUNITY.COMMUNICATIONS & CONTENT STRATEGYIN LATE 2025, NCIGF ENHANCED ITS OUTREACH CAPABILITIES BY ENGAGING A DEDICATED CONTENT MANAGER TO CONDUCT A COMPREHENSIVE AUDIT OF ALL COMMUNICATION CHANNELS, WITH A PARTICULAR FOCUS ON OUR PUBLIC WEBSITE. THIS INITIATIVE PROVIDES A FRESH, OUTSIDE PERSPECTIVE ON HOW WE TELL THE NCIGF STORY TO THE WORLD. THROUGH THE SECOND QUARTER OF 2026, THE CONTENT TEAM WILL CONTINUE TO REFINE INTERNAL AND EXTERNAL MESSAGING AND CONDUCT HIGH-LEVEL INTERVIEWS WITH KEY STAKEHOLDERS. THESE INSIGHTS WILL PROVIDE A HOLISTIC VIEW OF THE ORGANIZATION'S STANDING WITHIN THE INDUSTRY, ENSURING OUR COMMUNICATIONS REMAIN CLEAR, IMPACTFUL, AND ALIGNED WITH OUR MEMBERS' NEEDSNCIGF TECHNOLOGY NCIGF MADE SIGNIFICANT STRIDES IN TECHNOLOGY AND INFORMATION SYSTEMS THROUGHOUT 2025, ADVANCING EACH OF ITS BUSINESS PLAN IT OBJECTIVES ON TIME AND UNDER BUDGET.WEBSITE REDESIGN AND CENTRALIZED EVENT MANAGEMENTA CORE FOCUS OF 2025 WAS THE REDESIGN OF THE NCIGF WEBSITE. THE UPDATED PLATFORM INTEGRATES A MEMBER PORTAL DESIGNED TO IMPROVE USER EXPERIENCE AND ENGAGEMENT. THE NEW SITE ALSO FEATURES A NEW NCIGF-MANAGED EVENT PLATFORM, ALLOWING ALL EVENT PROGRAMMING, PROMOTION AND PAYMENT PROCESSES TO BE DONE IN-HOUSE VERSUS THROUGH A THIRD PARTY. THIS IS A BETTER USER EXPERIENCE AS WELL AS A COST-SAVINGS AVENUE FOR NCIGF'S MEMBERS. PROGRESS ON THIS INITIATIVE WAS REPORTED AT EACH BOARD MEETING THROUGHOUT THE YEAR, WITH ALL OBJECTIVES CONFIRMED ON TRACK FOR COMPLETION BY YEAR-END.DATA QUALITY ENHANCEMENTSIN 2024, 23 NEW RULES WERE ADDED TO THE DATA MAPPER TO IMPROVE DATA CLEANLINESS FOR GUARANTY ASSOCIATIONS. THIS WORK CONTINUED INTO 2025, WITH ONGOING EFFORTS TO ENHANCE THE DATA MAPPER AND IMPROVE THE QUALITY OF DATA FLOWING THROUGH NCIGF SYSTEMS.GSI CLAIMS SYSTEMNCIGF'S WHOLLY OWNED SUBSIDIARY, GUARANTY SUPPORT INC., BEGAN DEVELOPMENT OF A NEW CLAIMS MANAGEMENT SYSTEM FOR THE GUARANTY FUND COMMUNITY IN EARLY SEPTEMBER 2024. THE NEW SYSTEM IS "FOR GUARANTY FUNDS, BY GUARANTY FUNDS," PURPOSELY BUILT TO ADDRESS THE UNIQUE OPERATIONAL NEEDS OF STATE GUARANTY ASSOCIATIONS, WITH CAPABILITIES RANGING FROM UDS CLAIMS INGESTION TO ASSESSMENT PROCESSING AND FINANCIAL REPORTING. WORK WILL CONTINUE ON SYSTEM DEVELOPMENT THROUGHOUT 2026, WITH EXPECTED LAUNCH EARLY IN 2027.UDS 3.0NCIGF ADVANCED THE COMMUNITY-WIDE DISCUSSION ON UDS 3.0, A SIGNIFICANT UPGRADE TO ITS DATA-TRANSFER CAPABILITIES THAT OFFERS GREATER FLEXIBILITY FOR GUARANTY ASSOCIATIONS AND THEIR DATA EXCHANGE WITH NCIGF. PLANNING AND DEVELOPMENT WORK FOR UDS 3.0 CONTINUED THROUGHOUT THE YEAR, CULMINATING IN A PRESENTATION TO THE NAIC'S RECEIVERSHIP AND INSOLVENCY (E) TASK FORCE IN DECEMBER. 0 0 0 1 0 0 0 0 0 1 0 0 1 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 1 0 0 1 24 0 1 17 1 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IN X KEVIN LEAP 3174648199 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 BRADLEY A ROEBER CHAIR 1.00 0.00 X X 0 0 0 NEIL JACKSON VICE CHAIR 1.00 0.00 X X 0 0 0 CHAD ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 D KEITH BELL DIRECTOR 1.00 0.00 X 0 0 0 LORRIE BROUSE DIRECTOR - TERM START 4/25 1.00 0.00 X 0 0 0 KIM DECKER DIRECTOR 1.00 0.00 X 0 0 0 KATIE EVANS DIRECTOR 1.00 0.00 X 0 0 0 PATRICK FOLTYN DIRECTOR 1.00 0.00 X 0 0 0 SAMANTHA FREEDMAN DIRECTOR 1.00 0.00 X 0 0 0 J SMITH HARRISON DIRECTOR 1.00 0.00 X 0 0 0 TAMARA KOPP DIRECTOR 1.00 0.00 X 0 0 0 BARBARA LAW DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER P ROE DIRECTOR 1.00 0.00 X 0 0 0 ARTHUR M RUSSELL DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY M SCHOTKE DIRECTOR 1.00 0.00 X 0 0 0 TRACI SMITH DIRECTOR 1.00 0.00 X 0 0 0 ELISE SPRIGGS DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH TORTI DIRECTOR 1.00 0.00 X 0 0 0 CHAD WILSON DIRECTOR 1.00 0.00 X 0 0 0 ROBERT ZEMAN DIRECTOR 1.00 0.00 X 0 0 0 ANDREA LENTINE DIRECTOR - TERM ENDED 4/25 1.00 0.00 X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 40.00 0.00 X 574341 0 40463 ASHLEY ROSENBERGER SR. LEGAL COUNSEL & CORP.S 40.00 0.00 X 217626 0 27349 MIKE ULMER V.P. TECHNOLOGY SERVICES A 40.00 0.00 X 278626 0 27468 ROBIN WEBB V.P. COMMUNICATIONS 40.00 0.00 X 134684 0 29957 RICHARD MINNIEAR PROGRAM ANALYST 40.00 0.00 X 138908 0 25907 1344185 0 151144 9 0 1 0 FAEGRE DRINKER BIDDLE & REATH 300 N MERIDIAN ST INDIANAPOLIS IN 46204 FEDERAL EDUCATION SERVICES 504190 DEVELOPERTOWN 5255 WINTHROP AVENUE INDIANAPOLIS IN 46220 SYSTEMS DEVELOPMENT 368502 TROUTMAN PEPPER LOCKE 24259 NETWORK PL CHICAGO IL 60673 LEGAL INSOLVENCY SUPPORT 246303 3 MEMBERSHIP DUES 900099 4865077 4865077 WORKSHOP REGISTRATION 900099 241145 241145 5106222 208866 208866 5315088 5106222 0 208866 1330513 852924 160896 184455 145990 401352 367481 187971 50341 168950 118505 196371 475631 14211 50610 DUES & SUBSCRIPTIONS 92845 4799046 250 250 730022 635054 47352 168194 106886 120570 313777 264869 58801 48908 3765000 4665223 1707826 1436588 6416137 7074787 248426 332562 852502 798134 1100928 1130696 X 5315209 5944091 5315209 5944091 6416137 7074787 X 516042 9623 103217 X X 0 1 X 1 0 0 0 0 4865077 20646 20646 20646 313777 264869 48908 48908 INVESTMENT IN GSI 466432 SECURITY DEPOSITS 43363 RIGHT OF USE ASSETS 338765 PENSION ASSET 588028 1436588 DEFERRED COMPENSATION 439223 LEASE LIABILITIES 358911 798134 X 5427928 9623 103217 112840 5315088 0 5315088 4799046 0 4799046 0 4799046 PART X, LINE 2: NCIGF IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC). AS SUCH, NCIGF IS GENERALLY EXEMPT FROM INCOME TAXES. NCIGF IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WHICH IS AN INFORMATIONAL RETURN ONLY. HOWEVER, SECTION 6033(E) OF THE IRC DEFINES LOBBYING IN A MANNER THAT INCLUDES SOME OF THE ACTIVITIES PERFORMED BY NCIGF. AS A RESULT, UNDER THE SAME SECTION, NCIGF IS REQUIRED TO EITHER REPORT THE TOTAL AMOUNT OF EXPENSES RELATED TO SUCH ACTIVITIES TO ITS MEMBERS AS NONDEDUCTIBLE FOR FEDERAL INCOME TAX PURPOSES OR PAY A PROXY INCOME TAX. NCIGF HAS ELECTED TO PAY A PROXY INCOME TAX. GSI IS A TAXABLE ENTITY AND IS, THEREFORE, SUBJECT TO FEDERAL AND STATE INCOME TAXES. DEFERRED INCOME TAX ITEMS RELATED TO GSI ARE NOT SIGNIFICANT TO THE OVERALL CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY NCIGF AND GSI AND RECOGNIZE A TAX LIABILITY IF NCIGF OR GSI HAVE TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY NCIGF AND GSI, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. NCIGF AND GSI ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. NCIGF AND GSI HAVE FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH DECEMBER 31, 2024. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). PART XI, LINE 2D - OTHER ADJUSTMENTS: OTHER PENSION RELATED CHANGES 103,217. X X X X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 340659 0 198496 0 35186 0 15750 0 24713 0 614804 0 0 0 MIKE ULMER V.P. TECHNOLOGY SERVICES A 207778 0 67208 0 3640 0 11980 0 15488 0 306094 0 0 0 ASHLEY ROSENBERGER SR. LEGAL COUNSEL & CORP.S 163163 0 53775 0 688 0 9711 0 17638 0 244975 0 0 0 RICHARD MINNIEAR PROGRAM ANALYST 124796 0 12731 0 1381 0 6536 0 19371 0 164815 0 0 0 ROBIN WEBB V.P. COMMUNICATIONS 114068 0 20000 0 616 0 6328 0 23629 0 164641 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NCIGF IS A MEMBERSHIP ASSOCIATION OF POST-ASSESSMENT AND PRE-ASSESSMENT PROPERTY AND CASUALTY INSURANCE GUARANTY FUNDS WHICH ARE FUNDS ESTABLISHED BY THE LAWS OF THE VARIOUS STATES AND THE DISTRICT OF COLUMBIA. THE TERM "GUARANTY FUNDS" INCLUDES "GUARANTY ASSOCIATIONS", "INSOLVENCY FUNDS", "SECURITY FUNDS", OR ANY OTHER LEGISLATIVELY MANDATED MECHANISM CREATED TO PROVIDE PROTECTION AGAINST THE INSOLVENCY OF LICENSED PROPERTY AND CASUALTY INSURERS. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE NOMINATES INDIVIDUALS FOR POSITIONS ON THE BOARD OF DIRECTORS THAT BECOME VACANT PRIOR TO THE ANNUAL MEETING. INDIVIDUALS MAY ALSO BE NOMINATED BY ONE MEMBER AND SECONDED BY TWO OTHER MEMBERS OR NOMINATED FROM THE FLOOR BY A 2/3 VOTE AT THE ANNUAL MEETING OF MEMBERS. THE MEMBERS ELECT NOMINEES TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGE TO THE CORPORATE BYLAWS REQUIRES APPROVAL OF A MAJORITY OF NCIGF MEMBER GUARANTY FUNDS. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS FOR REVIEW THE FORM 990 INCLUDES A REVIEW BY THE TREASURER, AUDIT COMMITTEE, AND BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND COMPLIANCE ENFORCED BY THE PRESIDENT AND CEO. THE SCOPE OF THE CONFLICT OF INTEREST POLICY INCLUDES OFFICERS, DIRECTORS, TRUSTEES, AND EMPLOYEES. ANNUALLY, THE PRESIDENT DELIVERS THE POLICY TO EACH INDIVIDUAL. EMPLOYEES ARE REQUIRED TO FILL OUT AND SUBMIT A CONFLICT OF INTEREST FORM. ANY INSTANCES OF NONCOMPLIANCE WITH THE POLICY ARE TO BE PROMPTLY REPORTED TO THE BOARD. BOARD MEMBERS WITH POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE TO REFRAIN FROM PARTICIPATING IN ANY DELIBERATION OR DECISIONS ON SUCH TRANSACTIONS WHICH IS NOTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF EXECUTIVE AND OTHER OFFICERS INCLUDES A REVIEW AND APPROVAL BY THE INDEPENDENT EXECUTIVE COMMITTEE MEMBERS OF THE BOARD OF DIRECTORS; COMPARABLE DATA FROM AN INDEPENDENT AND EXTERNAL HUMAN RESOURCE CONSULTANT IS CONDUCTED AND REVIEWED BY THE EXECUTIVE COMMITTEE; AND DOCUMENTATION ON THE DELIBERATION AND DECISION OF THE COMPENSATION ARRANGEMENTS ARE RECORDED IN THE MINUTES OF THE ORGANIZATION. NCIGF DOES NOT HAVE ANY EMPLOYEES THAT MEET THE FORM 990 KEY EMPLOYEE DEFINITION, BUT A SIMILAR PROCESS IS CONDUCTED FOR TOP MANAGEMENT POSITIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 NCIGF GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS WOULD BE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN DEFINED BENEFIT PENSION 103,217. FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM; DURING AN AUDIT COMMITTEE MEETING, BLUE AND CO. PROVIDES AN OVERVIEW OF THE ENGAGEMENT LETTER WHICH EXPLAINS THE ITEMS THAT WILL BE COVERED IN THE YEARLY AUDIT. ONCE THE AUDIT COMMITTEE APPROVES THE ENGAGEMENT LETTER, THEY MEET WITH THE AUDIT MANAGER FROM BLUE AND CO., AWAY FROM NCIGF STAFF, TO START THE AUDIT. ONCE THE AUDIT IS COMPLETE, THE AUDIT REPORT IS PRESENTED TO THE AUDIT COMMITTEE FOR APPROVAL. THE AUDIT COMMITTEE CHAIR THEN PRESENTS THE APPROVED AUDIT REPORT TO THE FULL BOARD OF DIRECTORS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. GUARANTY SUPPORT INC 300 N MERIDIAN ST STE 1020 INDIANAPOLIS IN 46204 352542172 TECHNOLOGY AND CONSULTING SERVICES IL NATIONAL CONFERENCE OF INSURANCE C 620646 447458 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: GUARANTY SUPPORT, INC. DIRECT CONTROLLING ENTITY: NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS INC