TY 2019 Form 990 Schedule O

efile Public Visual Render ObjectId: 202023189349307547 - Submission: 2020-11-13 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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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

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 RESOLUTIONS 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 AND OUTSIDE LEGAL COUNSEL. 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 AND ITS ORGANIZATION AND COMPENSATION COMMITTEE (THE "COMMITTEE") APPROVE EXECUTIVE STAFF COMPENSATION, PERFORMANCE MEASURES USED IN COMPENSATION PLANS, AND THE APPROPRIATE LEVELS OF EXECUTIVE REMUNERATION. THE COMMITTEE REVIEWS AND ADOPTS INNOVATIONS IN ORGANIZATION AND COMPENSATION ARRANGEMENTS AND USES INDEPENDENT, PROFESSIONAL CONSULTANTS TO SUPPORT ITS DECISIONS. COMMITTEE MEMBERS ARE NOT COMPENSATED, NOR DO THEY HAVE CONFLICTS WITH ANY TRANSACTIONS REVIEWED. ALL MEMBERS ARE SENIOR-LEVEL BUSINESS LEADERS CAPABLE OF REVIEWING AND EVALUATING COMPENSATION ARRANGEMENTS.
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, 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, INSURANCE RESEARCH COUNCIL, AND IRC.
FORM 990, PART XI, LINE 9	NET UNREALIZED ACTUARIAL LOSS: $149,146

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 RESOLUTIONS 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 AND OUTSIDE LEGAL COUNSEL. 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 AND ITS ORGANIZATION AND COMPENSATION COMMITTEE (THE "COMMITTEE") APPROVE EXECUTIVE STAFF COMPENSATION, PERFORMANCE MEASURES USED IN COMPENSATION PLANS, AND THE APPROPRIATE LEVELS OF EXECUTIVE REMUNERATION. THE COMMITTEE REVIEWS AND ADOPTS INNOVATIONS IN ORGANIZATION AND COMPENSATION ARRANGEMENTS AND USES INDEPENDENT, PROFESSIONAL CONSULTANTS TO SUPPORT ITS DECISIONS. COMMITTEE MEMBERS ARE NOT COMPENSATED, NOR DO THEY HAVE CONFLICTS WITH ANY TRANSACTIONS REVIEWED. ALL MEMBERS ARE SENIOR-LEVEL BUSINESS LEADERS CAPABLE OF REVIEWING AND EVALUATING COMPENSATION ARRANGEMENTS.

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, 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, INSURANCE RESEARCH COUNCIL, AND IRC.

FORM 990, PART XI, LINE 9

NET UNREALIZED ACTUARIAL LOSS: $149,146

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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