SCHEDULE O
(Form 990)

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.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
Rice County Mutual Insurance Company
 
Employer identification number

41-0502642
Return Reference Explanation
Form 990, Part V, Line 13a MN
Form 990, Part VI, Section A, line 6 The Company has policyholders who are also the owners of the Company. It is a mutual company.
Form 990, Part VI, Section A, line 7a The policyholders/owners elect the board members and officers.
Form 990, Part VI, Section B, line 11b The Company hires a CPA firm to complete the Form 990. When the firm is finished preparing the form, it is reviewed by Company management and staff before filing. The form is then filed by Company management.
Form 990, Part VI, Section B, line 12c The Company requires disclosure of conflicts and potential conflicts annually.
Form 990, Part VI, Section B, line 15 Compensation is determined by the number of meetings attended by the board member. The board determines management and staff salaries based on experience and qualifications.
Form 990, Part VI, Section C, line 19 Financial and governing documents are available to the public upon request.
Form 990 Part XII Line 1: As a regulated entity, the organization is required to report using statutory accounting rules as codified in Minnesota Statute 67A and as promulgated by the Department of Commerce of the State of Minnesota. The most significant item of this statutory basis of accounting is the exclusion of "non-admitted assets" (as described above) from the reported assets.
Form 990 Part XII Line 2b: The entire board acts as audit committee.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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