| FORM 990, HEADING, BOX C |
FICTITIOUS NAME REGISTRATIONS: CPCU SOCIETY, THE INSTITUTES, AMERICAN INSTITUTE FOR CPCU, INSURANCE INSTITUTE OF AMERICA, IIA, CEU.COM, CPCU - LOMAN EDUCATION FOUNDATION, CPCU HARRY J. LOMAN EDUCATION FOUNDATION, AND INSURANCE RESEARCH COUNCIL. |
| FORM 990, PART VI, SECTION A, LINE 1A |
THE BOARD OF DIRECTORS 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 DIRECTORS; 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. THE FORM 990 WAS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ("COVERED OFFICIALS) ON AN ANNUAL BASIS. EACH COVERED OFFICIAL MUST COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT OF DISCLOSURE. IF A CONFLICT IS IDENTIFIED, IT IS EVALUATED AND MAY BE APPROVED IF IT IS DETERMINED TO BE JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. IF IT IS DETERMINED THAT THE CONFLICT IS NOT JUST, FAIR, AND REASONABLE TO THE ORGANIZATION, APPROPRIATE ACTION IS TAKEN TO ELIMINATE THE CONFLICT, WHICH CAN INCLUDE ASKING THE INDIVIDUAL TO END A CONFLICTING BUSINESS ARRANGEMENT, RETURN REMUNERATION TO THE ORGANIZATION, OR OTHERWISE DISCONTINUE THE ARRANGEMENT CAUSING THE CONFLICT. |
| 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 C, LINE 19 |
THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. |