TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201642929349300629 - Submission: 2016-10-18 TIN: 23-1352012

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

AMERICAN INSTITUTE FOR CHARTERED PROPERTY
CASUALTY UNDERWRITERS

Employer identification number

23-1352012

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 1A	THE BOARD OF TRUSTEES FUNCTIONS BETWEEN MEETINGS THROUGH AN EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN MEETINGS EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWERS: TO 1) FILL VACANCIES IN THE BOARD OF TRUSTEES; 2) ADOPT, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS; OR 3) AMEND OR REPEAL ANY RESOLUTION ADOPTED BY THE ENTIRE BOARD.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. THE FORM 990 WAS PROVIDED TO THE AUDIT AND ORGANIZATION AND COMPENSATION COMMITTEES OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE INSTITUTES' CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES ON AN ANNUAL BASIS. TRUSTEES MUST COMPLETE AND RETURN THE DISCLOSURE FORM EACH YEAR. THE DISCLOSURE FORM IS REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. ADDITIONALLY, TRUSTEES ARE REMINDED OF THEIR DISCLOSURE OBLIGATIONS AT BOARD MEETINGS.
FORM 990, PART VI, SECTION B, LINES 15A AND 15B	THE INSTITUTES' BOARD OF TRUSTEES UTILIZES THE FOLLOWING PROCESS: THE COMPENSATION ARRANGEMENT MUST BE APPROVED BY THE APPROVAL BODY OF THE INSTITUTES COMPOSED ENTIRELY OF INDIVIDUALS WHO DON'T HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IT ALSO MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE APPROVAL BODY MUST DOCUMENT HOW IT REACHED ITS DECISIONS INCLUDING THE DATA ON WHICH IT RELIED.
FORM 990, PART VI, SECTION B, LINE 19	The organization's governing documents, conflicts of interest policy, and financial statements are available upon written request.
FORM 990, PART XI, LINE 9	POST-RETIREMENT HEALTHCARE PLAN: 34,747
FORM 990, HEADING BOX C	FICTITIOUS NAME REGISTRATIONS: THE INSTITUTES, AMERICAN INSTITUTE FOR CPCU, AICPCU, INSURANCE INSTITUTE OF AMERICA, IIA, INSURANCE INSTITUTE OF AMERICA, INC., AMERICAN INSTITUTE FOR PROPERTY & LIABILITY UNDERWRITERS, INC., CEU.COM, CPCU - LOMAN EDUCATION FOUNDATION, LOMAN FOUNDATION, CPCU HARRY J. LOMAN EDUCATION FOUNDATION, AND INSURANCE RESEARCH COUNCIL.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 1A

THE BOARD OF TRUSTEES FUNCTIONS BETWEEN MEETINGS THROUGH AN EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN MEETINGS EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWERS: TO 1) FILL VACANCIES IN THE BOARD OF TRUSTEES; 2) ADOPT, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS; OR 3) AMEND OR REPEAL ANY RESOLUTION ADOPTED BY THE ENTIRE BOARD.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. THE FORM 990 WAS PROVIDED TO THE AUDIT AND ORGANIZATION AND COMPENSATION COMMITTEES OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL BEFORE FILING.

FORM 990, PART VI, SECTION B, LINE 12C

THE INSTITUTES' CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES ON AN ANNUAL BASIS. TRUSTEES MUST COMPLETE AND RETURN THE DISCLOSURE FORM EACH YEAR. THE DISCLOSURE FORM IS REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. ADDITIONALLY, TRUSTEES ARE REMINDED OF THEIR DISCLOSURE OBLIGATIONS AT BOARD MEETINGS.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B

THE INSTITUTES' BOARD OF TRUSTEES UTILIZES THE FOLLOWING PROCESS: THE COMPENSATION ARRANGEMENT MUST BE APPROVED BY THE APPROVAL BODY OF THE INSTITUTES COMPOSED ENTIRELY OF INDIVIDUALS WHO DON'T HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IT ALSO MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE APPROVAL BODY MUST DOCUMENT HOW IT REACHED ITS DECISIONS INCLUDING THE DATA ON WHICH IT RELIED.

FORM 990, PART VI, SECTION B, LINE 19

The organization's governing documents, conflicts of interest policy, and financial statements are available upon written request.

FORM 990, PART XI, LINE 9

POST-RETIREMENT HEALTHCARE PLAN: 34,747

FORM 990, HEADING BOX C

FICTITIOUS NAME REGISTRATIONS: THE INSTITUTES, AMERICAN INSTITUTE FOR CPCU, AICPCU, INSURANCE INSTITUTE OF AMERICA, IIA, INSURANCE INSTITUTE OF AMERICA, INC., AMERICAN INSTITUTE FOR PROPERTY & LIABILITY UNDERWRITERS, INC., CEU.COM, CPCU - LOMAN EDUCATION FOUNDATION, LOMAN FOUNDATION, CPCU HARRY J. LOMAN EDUCATION FOUNDATION, AND INSURANCE RESEARCH COUNCIL.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

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