| Form 990, Part VI, Section A, Line 7a |
The company was established by Texas statute. The company has a nine-member Board of Directors consisting of Texas business employers. Five members, including the chair, are appointed by the Governor of Texas and confirmed by the Senate. The remaining four board members are elected by the policyholders. |
| Form 990, Part VI, Section A, Line 7b |
Legislation prohibits the appointment or election of any person who has a potential conflict of interest because of other involvement in the insurance industry. |
| Form 990, Part VI, Section B, Line 11b |
The 990 Tax Return is completed by an accountant in the Financial Reporting department using work papers and verification to the Company's Annual Statement and Audited Statutory Annual Report. The return is reviewed by management prior to filling the return. |
| Form 990, Part VI, Section B, Line 12c |
The company's Conflict of Interest Policy is reviewed annually. The policy is distributed to all employees annually and all employees are required to acknowledge receipt. |
| Form 990, Part VI, Section B, Line 15 |
An annual compensation review is performed by the company's Human Resources Department for all benchmark positions, including executive positions. The Board of Directors reviews and approves the compensation package for the President and General Auditor. The President or his designee approves the pay for all other employees. |
| Form 990, Part VI, Section C, Line 19 |
All external requests for organizational information can be obtained through written requests. Additionally, certain financial information is available on the Company's website. |
| Form 990, Part XI, Line 9 |
Change in Nonadmitted Assets $2,977,938; Change in Provision for Reinsurance $245,400 |
Attach to Form 990 or 990-EZ.