2021-11-10T04:58:48-08:00 2020-12-31 990 2020-01-01 132732270 AIPSO AIPS 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 Kevin Leeman Director, Financial & Investment Se 4019462310 2021-05-03 Kevin Leeman 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Charles Kwolek Jr c/o AIPSO302 Central Ave Johnston RI 02919 55134634 false X www.aipso.com X 1973 RI AIPSO's mission is to provide high quality services for the insurance residual market at the lowest possible cost. 13 13 334 13 0 0 0 49604964 55039749 135369 38747 17692 51893 49758025 55130389 0 0 40740999 42312686 0 0 10894437 13225514 51635436 55538200 -1877411 -407811 40152198 44275857 102749707 110202582 -62597509 -65926725 X AIPSO's mission is to provide high quality services for the insurance residual market at the lowest possible cost. false false Automated Information Systems Services provides and supports information systems for any residual market mechanism. We (1) provide systems planning and design, (2) coordinate telecommunications, networking, and data transmission, (3) offer programming expertise, (4) provide and maintain software, systems, and equipment. Rating Services is a licensed rating organization in more than 40 states and the District of Columbia. We (1) collect, evaluate, and edit insurance premium and expense data received from statistical organizations that collect the data from insurance companies, (2) develop rates, rating rules, and supporting policy forms designed specifically for the residual market, (3) develop individual rates for unique risks not specifically rated from the rating manuals, (4) present rate indications to governing committees, (5) file rates,rules,and policy forms with regulators on behalf of state residual market organizations, (6) provide rates,rules,and policy forms in both print and Web-based formats. Financial Services provides accounting and investment services for any residual market organization. We (1) process account receivables/payables, (2) maintain general ledgers, (3) prepare financial statements, reports, and tax filings, (4) maintain and reconcile bank accounts, (5) prepare, distribute, and collect assessments, (6) oversee mechanisms' investments on a centralized basis. Plan Management Services provide all necessary services for the effective and efficient administration of any residual market mechanism. Quota Sharing and Members Participation Services develops and adjusts ratios for insurers to maintain equitable sharing of insurance applications and participation in operating results. Policy Forms Services develops automobile insurance policies designed specifically for the residual market. Uniform Operating Rules Services develops uniform operating rules for residual market organizations. Legal Counsel Services provides legal counsel for residual market organizations. Application Processing Services processes insurance applications and provides customer support for any residual market mechanism. Servicing Carrier Audit Services provides on-site audits of servicing carriers for any residual market mechanism. Regulatory Affairs Services communicates with state insurance regulatory agencies on various filings. Producer Certification Services provides support for producer licensing and certification for residual market organizations. Management Consulting Services provides management expertise on a consulting basis to residual market mechanisms that are supported, but not managed, by our organization. Commercial Automobile Safety Program Services provides processing support for loss prevention programs. Pool Operations Support Services provides analysis and administrative support for residual market organizations. Fraud Containment Services takes measures on both a national and state level to identify and combat premium diversion and claims fraud in connection with insurance coverage provided through auto insurance residual market mechanisms. CAIP Backup Services provides support of the auto insurance residual market's Commercial Automobile Insurance Procedures (CAIPs). Policy Administration Services functions as a third party policy administrator for auto insurance residual market mechanisms. false false false true false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 26 0 true 334 true false false false false false false false false X 13 13 false false false false true true false true true true false false true true true true true true true false X Kevin Leeman 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 Hanover Ins Co Gov Comm Member 1.00 X 0 0 0 Allstate Ins Co Gov Comm Member 1.00 X 0 0 0 Nationwide Mut Ins Co Gov Comm Member 1.00 X 0 0 0 Amica Mut Ins Co Gov Comm Member 1.00 X 0 0 0 Farmers Ins Exchange Gov Comm Member 1.00 X 0 0 0 GEICO Gov Comm Member 1.00 X 0 0 0 Interinsurance Exchange of The Auto Club Gov Comm Member 1.00 X 0 0 0 State Farm Mut Auto Ins Co Gov Comm Member 1.00 X 0 0 0 The Travelers Companies Gov Comm Member 1.00 X 0 0 0 USAA Gov Comm Member 1.00 X 0 0 0 Progressive Cas Ins Co Gov Comm Member 1.00 X 0 0 0 Selective Ins Co Gov Comm Member 1.00 X 0 0 0 NJ Manufacturers Ins Co Gov Comm Member 1.00 X 0 0 0 Charles Kwolek Jr President 37.50 X 831023 0 114297 Frank Pensabene Vice President 37.50 X 257936 0 51392 Lawrence Iacoi Vice President 37.50 X 340487 0 66605 Joseph Agresta Vice President 37.50 X 278141 0 45398 Timothy Messier Asst Vice President 37.50 X 231626 0 53825 Amy Hicks Vice President 37.50 X 256564 0 38206 Kevin Leeman Director Financial Srvs 37.50 X 206188 0 46328 Annemarie D'Attelo Senior Counsel 37.50 X 181644 0 33674 Keith Gentile Actuary 37.50 X 194939 0 46332 Christopher Young Director Rules & Policy 37.50 X 178717 0 49488 Robert Powers Senior Counsel 37.50 X 186862 0 48940 Tyler Falcone Director IS&PS 37.50 X 172154 0 45378 Thomas Assad Jr Director 37.50 X 169466 0 42735 3485747 0 682598 70 false true false Grant Thornton LLP 1901 S Meyers RdSte 455 Oakbrook Terrace IL 60181 Audit 414000 KPMG LLP 3 Chestnut Ridge Rd Montvale NJ 07645 Audit 326000 RCA Construction LLC 11 Ledge Rd Dayville CT 06241 Construction 158675 3 Assessments 524298 33699609 0 0 Central Processor fees 524298 5903787 0 0 Services Rendered 524298 7927266 0 0 Service charges & service provider fees 524298 7314000 0 0 195087 0 0 55039749 42992 0 0 0 4245 -4245 -4245 -4245 0 0 Late Fees 524298 13953 13953 0 0 Miscellaneous 524298 37940 37940 0 0 51893 55130389 55130389 0 0 3073499 0 0 0 25497459 0 0 0 4038474 0 0 0 7689175 0 0 0 2014079 0 0 0 73480 0 0 0 940450 0 0 0 943596 0 0 0 1745594 0 0 0 1988351 0 0 0 58236 0 0 0 996169 0 0 0 302902 0 0 0 Policy administration 3041400 0 0 0 Rate & survey data fees 964228 0 0 0 Shared resources 1095937 0 0 0 Leverage resources 614796 0 0 0 460375 0 0 0 55538200 0 0 0 2160767 2315114 15988405 17095862 10182706 12663694 1236 1236 790037 605382 20979008 16117040 4901814 4861968 6127233 6732601 40152198 44275857 4769872 6422173 97979835 103780409 102749707 110202582 X -62597509 -65926725 -62597509 -65926725 40152198 44275857 X -407811 -2921405 X false true X true false false true false 0 908645 908645 13252106 10865819 2386287 5717072 5169566 547506 1101185 81655 1019530 4861968 Due from plans - pension 6653688 Due from plans - vacation 45210 Due from plans - deferred rent 33703 6732601 Accrued pension 31645816 Accrued vacation 555011 Advance assessments 20855909 Post-retirement benefits 50676607 Deferred rent 47066 103780409 55130389 55130389 55130389 55538200 55538200 55538200 X true true X X X X false false false Charles Kwolek Jr 414590 0 5909 0 410525 0 105335 0 11492 0 947851 0 0 0 Frank Pensabene 257857 0 79 0 0 0 34861 0 18330 0 311127 0 0 0 Lawrence Iacoi 319486 0 1501 0 19500 0 56643 0 11878 0 409008 0 0 0 Joseph Agresta 278062 0 79 0 0 0 37436 0 9853 0 325430 0 0 0 Timothy Messier 231385 0 241 0 0 0 29639 0 25909 0 287174 0 0 0 Amy Hicks 256521 0 43 0 0 0 34998 0 5017 0 296579 0 0 0 Kevin Leeman 205295 0 893 0 0 0 28547 0 19364 0 254099 0 0 0 Annemarie D'Attelo 181601 0 43 0 0 0 24836 0 10246 0 216726 0 0 0 Keith Gentile 194897 0 43 0 0 0 27301 0 20569 0 242810 0 0 0 Christopher Young 178675 0 43 0 0 0 25302 0 25621 0 229641 0 0 0 Robert Powers 186820 0 43 0 0 0 26334 0 24836 0 238033 0 0 0 Tyler Falcone 172112 0 43 0 0 0 24192 0 22557 0 218904 0 0 0 Thomas Assad Jr 169424 0 42 0 0 0 23705 0 20375 0 213546 0 0 0 Pt VI, Line 6 Members consist of companies writing the majority of automobile insurance in the United States. Pt VI, Line 7a Members elect the governing body which is composed of 13 major insurance companies. Pt VI, Line 11b Form 990 is reviewed and signed by either AIPSO's Director or Manager of Financial & Investment Services. Pt VI, Line 12c Directors and Officers are required annually to sign a Conflict of Interest Statement disclosing any conflicts. Pt VI, Line 15a The Compensation and Benefits Work Group (comprised of the AIPSO BOD Chairperson and two members of the AIPSO BOD) annually reviews the performance of the President and makes a recommendation through the Board Chair to the full Board regarding annual salary adjustments. The President's compensation is subject to the same process as all other employees, including a designated salary grade level established by the Board. The Board may also retain outside independent compensation advisors, as deemed advisable by the Board, and review benchmark information to ensure that compensation of the President is reasonable. The Compensation and Benefits Work Group also coordinates with the President to develop the performance goals and criteria for recommendation to the Board. Pt VI, Line 15b Compensation of Officers is reviewed and approved by Human Resource Services and the President of AIPSO, provided that persons with conflicts of interest with respect to that compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. AIPSO participates in a variety of well-known regional and national salary surveys conducted by third party sources to obtain survey data. There is contemporaneous documentation and recordkeeping with respect to deliberations and decisions regarding the compensation arrangement. Pt VI, Line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Pt XI Other changes in fund balance consist of changes in pension other than net periodic cost ($5,233,768) and reapportionment of prior year's deficiency $2,312,363. Form 990, Part III, Line 4d Plan Management Services provide all necessary services Form 990, Part III, Line 4d Policy Forms Services develops automobile insurance Form 990, Part III, Line 4d applications and provides customer support for any Form 990, Part III, Line 4d Producer Certification Services provides support for Form 990, Part III, Line 4d Commercial Automobile Safety Program Services provides Form 990, Part III, Line 4d insurance coverage provided through auto insurance Form 990, Part III, Line 4d residual market mechanisms. Form 990, Part VI, Line 9 Allstate Ins Co 332 Buckingham Dr Grayslake IL XXX-XX-XXXX Form 990, Part VI, Line 9 Amica Mutual Ins Co 50 Amica Way Lincoln RI XXX-XX-XXXX Form 990, Part VI, Line 9 Farmers Ins Exchange 1000 Lori Ln Phoenixville PA XXX-XX-XXXX Form 990, Part VI, Line 9 GEICO 11 Corbin Ct,R/M Opers Huntington NY XXX-XX-XXXX Form 990, Part VI, Line 9 Interinsurance Exchange of The Auto Club 5900 Baum Blvd Pittsburgh PA XXX-XX-XXXX Form 990, Part VI, Line 9 State Farm Mut Auto Ins Co 2008 Longwood Ln Bloomington IL XXX-XX-XXXX Form 990, Part VI, Line 9 Travelers Companies 1 Tower Sq,#PHXG Hartford CT XXX-XX-XXXX Form 990, Part VI, Line 9 USAA 9800 Fredericksburg Rd,H SVC W San Antonio TX XXX-XX-XXXX Form 990, Part VI, Line 9 Selective Ins Co of America 35 W Hampton Rd Philadelphia PA XXX-XX-XXXX Form 990, Part VI, Line 9 Progressive Cas Ins Co 625 Alpha Dr Highland Heights OH XXX-XX-XXXX Form 990, Part VI, Line 9 Nationwide Mut Ins Co 1 Nationwide Plaza #1-18-101 Columbus OH XXX-XX-XXXX Form 990, Part VI, Line 9 NJ Manufacturers Ins Co 102 Albemarle Rd Hamilton Square NJ XXX-XX-XXXX Form 990, Part VI, Line 9 Hanover Ins Co 440 Lincoln St #S443 Worcester MA XXX-XX-XXXX New Jersey Personal Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 223182137 Make automobile insurance available for persons unable to obtain coverage in the voluntary market. NJ 501(c)(6) n/a Maine Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 237174076 Make automobile insurance available for persons unable to obtain coverage in the voluntary market. ME 501(c)(6) n/a false false false false false false false false false true false false false true true false true false false