2018-05-30T11:00:22-07:00 2017-12-31 990 2017-01-01 135672354 MOTOR VEHICLE ACCIDENT INDEMNIFICATION CORPORATION MOTO 6462057800 100 William Street 14th Floor New York NY 10038 Fred Fossett President 6462057815 2018-05-29 2017 2022-09-23 18:48:47Z X Fred Fossett 127 Old Prospect School Road Sparta NJ 07871 31492864 0 X www.mvaic.com X 1959 NY To pay no-fault claims, tort settlements and related expenses to injured victims of uninsured motor vehicle accidents in the state of New York 9 2 0 0 1219808 0 30230005 30273056 0 0 991236 1219808 0 0 31221241 31492864 0 0 0 0 6568551 6705178 0 0 0 27878716 28559363 34447267 35264541 -3226026 -3771677 74934370 75304546 70896344 75159947 4038026 144599 To pay no fault claims, tort settlements & related expense to injured victims of uninsured motor vehicle accidents in the state of NY 0 0 9418449 Total Pip claims paid 6831623 Total tort claims paid 5310076 Total allocation expenses paid 13704393 other program services 13704393 0 0 35264541 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 X 9 2 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X Fred Fossett 6462057815 100 William Street 14th Floor New York NY 10038 Margo Palermo Allstate Insurance / Claim Field Director 0 X 0 0 0 Bernard Turi Utica National Insurance / Senior Vice President CRO 0 X 0 0 0 Tim Trueworthy New York Central Mutual / Sr. Vice President 0 X 0 0 0 Stephanie Collins State Farm Insurance / Claims Manager 0 X 0 0 0 Michael Hales Progressive Insurance / NY Medical Claims Manager 0 X 0 0 0 Alex Rey Geico Insurance / Claims Manager 0 X 0 0 0 Dan Frey Travelers Insurance / Senior Vice President & CFO 0 X 0 0 0 Maura Clancy Maura Clancy Brokerage / President 0 X 0 0 0 Wayne Cotter Public Member 0 X 0 0 0 Fred Fossett Motor Vehicle Accident Indemnification / President 35 X 186146 0 0 Christina Marie Frazzitta Motor Vehicle Accident Indemnification / Vice President 35 X 153486 0 0 Dominic Dillon Motor Vehicle Accident Indemnification / Controller 35 X 126550 0 0 Jaime Ellen Gangemi Motor Vehicle Accident Indemnification / Legal Department Manager 35 X 139220 0 0 Jason Dooley Motor Vehicle Accident Indemnification / NF Claim Manager 35 X 146950 0 0 Boris Kazakevich Motor Vehicle Accident Indemnification / Tort Claim Manager 35 X 123578 0 0 Eric Pappalardi Motor Vehicle Accident Indemnification / SIU Manager 35 X 132344 0 0 Ann Gangi Motor Vehicle Accident Indemnification / Attorney 35 X 102990 0 0 Sheila Ahmed Motor Vehicle Accident Indemnification / Attorney 35 X 105592 0 0 Louis Ho Yan Ng Motor Vehicle Accident Indemnification / IT Manager 35 X 103895 0 0 1320751 0 0 10 0 1 0 Marshall & Marshall PO Box 9055 Hicksville NY 11802 Legal Service 1931913 John Hancock Life Insurance PO Box 5147 Buffalo NY 14240 Office Rental 886234 Quarterhorse Technology 14 Penn Plaza 9th Floor New York NY 10122 IT Service 582162 Oxford Health Plans PO Box 1697 Newark NJ 071011697 Health Insurance 876452 Principal Life Insurance PO Box 603516 Charlotte NC 282603516 Retirement Benefits 476000 34 0 0 0 0 0 30273056 0 30273056 0 1219421 0 1219421 0 0 0 0 0 0 0 0 0 0 0 387 0 0 0 387 0 387 0 387 0 0 0 31492864 0 1219808 0 1320751 2937310 1208921 922995 315201 445767 28424 96000 177231 546437 800408 30685 314863 135837 NF Claim Expenses 9418448 Tort Claim Expenses 6831623 Allocated Expenses 5310076 Change in reserves for loss adjustment expenses 3270135 1153429 35264541 0 0 0 5049277 4530849 0 0 204279 214848 0 0 0 0 0 3615286 1575412 2093389 2039874 67215138 68101587 0 0 0 0 0 0 372287 417388 74934370 75304546 290461 441394 0 0 2136401 2284994 0 0 0 0 0 0 0 0 0 0 68469482 72433559 70896344 75159947 X 4038026 144599 0 0 0 0 4038026 144599 74934370 75304546 X -3771677 -70679 0 0 0 -51071 X 0 1 1 0 0 0 0 0 0 0 0 2389069 0 790003 1599066 542368 0 327821 214547 683849 0 457588 226261 2039874 0 Reserve for loss & allocated Expenses 51163229 Reserve for unallocated expenses 13880573 Accrued pension postretirement 7389757 72433559 X 31244954 -70679 0 0 0 -70679 31315633 177231 0 177231 31492864 35138381 0 0 0 51071 51071 35087310 177231 0 177231 35264541 Schedule D, Part X, Line 2 No Schedule D, Part XII, Line 2d Change in SERP Liability 0 0 0 Fred Fossett Motor Vehicle Accident Indemnification / President 186052 0 0 0 94 0 0 0 0 0 186146 0 0 0 Schedule J, Part I, Line 3 The Board of Directors provide comprehensive employee evaluation for President and Vice President, and any increase accordingly. Controller and key employees are reviewed directly by the President. Form 990, Part VI, Section A, Line 6 There are 10 Board Members Form 990, Part VI, Section A, Line 7a Board Members have the power Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by Controller prior to submitting to IRS Form 990, Part VI, Section B, Line 12c Conflict of Interest Statements are required by Board and all employees to review and sign every year Form 990, Part VI, Section B, Line 15 The Board of Directors provide comprehensive employee evaluation for President and Vice President any increases are done accordingly. Controller and key employees are reviewed directly by the President Form 990, Part VI, Section C, Line 19 The documents are made available upon request Form 990, Part XI, Line 9 Change in SERP Liability Financials were not ready. delay in Actuarial Calculations for reserves delayed finalizing the Financials