2025-03-28T08:28:52-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2024-01-01 521463854 PROPERTY & CASUALTY INSURANCE GUARANTY CORPORATION PROP 4102961620 8600 LA SALLE RD 330 TOWSON MD 21286 DEBORAH A PRICE PRESIDENT 4102961620 2025-03-14 1 0 ROBERT WILLIAMS P01345960 5712279500 2025-03-14 2024 2025-03-06 01:10:19Z DEBORAH A PRICE 8600 LA SALLE RD 330 TOWSON MD 21286 4908082 0 X HTTP://PCIGC.COM X 1986 MD TO PROTECT MD RESIDENTS FROM LOSS FROM INSURERS' INSOLVENCY AND ASSESS INSURERS FOR THE COSTS. 9 9 16 9 0 0 0 0 17400026 3636242 712016 1266586 0 5254 18112042 4908082 0 0 0 0 1390248 1427659 0 0 0 6176641 5215444 7566889 6643103 10545153 -1735021 31818291 30083270 55304616 61358636 -23486325 -31275366 THE ORGANIZATION OPERATES TO PROTECT MARYLAND RESIDENTS FROM FINANCIAL LOSS FROM INSURERS' INSOLVENCY AND TO ASSESS LICENSED INSURERS FOR THE COSTS. 0 0 INSOLVENCY PROTECTION:THE PROPERTY AND CASUALTY GUARANTY CORPORATION HAS A 40-YEAR HISTORY OF HANDLING CLAIMS AND LITIGATION ARISING OUT OF INSOLVENT PROPERTY AND CASUALTY INSURANCE COMPANIES.PCIGC'S MEMBERSHIP IS COMPOSED OF APPROXIMATELY 966 LICENSED MARYLAND DIRECT WRITERS OF PROPERTY AND CASUALTY INSURANCE. THE GUARANTY CORPORATION HAS A 40 YEAR HISTORY OF EXCELLENT PERFORMANCE IN THE PROTECTION OF MARYLAND RESIDENTS BY ITS COMPLIANCE WITH THE PRINCIPLES OF LEGALITY, OBJECTIVENESS AND DUE DILIGENCE IN CREATING THE NECESSARY CONDITIONS FOR COMPETENCY, FAIRNESS AND TRANSPARENCY IN ALL OF ITS ACTIONS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 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 1 136 0 16 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X DEBORAH A PRICE 4102961620 8600 LASALLE RD STE 330 TOWSON MD 21286 DEBORAH PRICE PRESIDENT 40.00 X 272484 0 42995 BRIAN PLEINES VICE PRESIDENT 40.00 X 136733 0 32014 VALERIE KRESS ASST. SECRETARY 40.00 X 120195 0 35172 CHRISTINE HARLINE CLAIMS MANAGER 40.00 X 109624 0 29476 SANDRA L DODSON CHAIR 0.50 X X 0 0 0 MARY B HARLEE VICE CHAIR 0.50 X X 0 0 0 FRANK LINARDI SECRETARY 0.50 X X 0 0 0 BRIAN CULP DIRECTOR 0.50 X 0 0 0 ROBERT GLASS DIRECTOR 0.50 X 0 0 0 LAURIE KUIPER DIRECTOR 0.50 X 0 0 0 JODI RICHARDS DIRECTOR 0.50 X 0 0 0 PAUL STENBJORN DIRECTOR 0.50 X 0 0 0 KELLY SUE-LING DIRECTOR 0.50 X 0 0 0 639036 0 139657 4 0 1 0 0 INSOLVENCY RECOUPMENT 524298 3636242 3636242 3636242 1266586 1266586 MISCELLANEOUS 900099 5254 5254 5254 4908082 3636242 0 1271840 639593 568291 41155 100075 78545 3684 49280 52967 167820 85750 24495 55976 13047 6550 14742 7563 CLAIMS PAID 4321923 DUES AND SUBSCRIPTIONS 211616 CLAIMS ADJUSTMENTS 149077 50954 6643103 638228 382116 22238207 14404744 70269 38871 250819 158930 9393 91889 8862194 15165650 31818291 30083270 55304616 61358636 55304616 61358636 X 0 0 0 0 -23486325 -31275366 -23486325 -31275366 31818291 30083270 X -1735021 -6054020 X X 0 1 X 1 0 0 1 0 204343 112454 91889 46476 46476 0 91889 UNPAID CLAIMS 59047763 UNPAID CLAIM ADJUSTMENT EXPENSES 2310873 61358636 X 4908082 0 4908082 0 4908082 6643103 0 6643103 0 6643103 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. X X 0 0 0 DEBORAH PRICE PRESIDENT 246369 0 25382 0 733 0 21740 0 21255 0 315479 0 0 0 BRIAN PLEINES VICE PRESIDENT 122919 0 13766 0 48 0 10934 0 21080 0 168747 0 0 0 VALERIE KRESS ASST. SECRETARY 118440 0 1359 0 396 0 9583 0 25589 0 155367 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A CONDITION OF THE AUTHORITY TO TRANSACT THE BUSINESS OF INSURANCE IN THE STATE OF MARYLAND, ANY INSURER LICENSED TO WRITE ON A DIRECT BASIS ANY KIND OF INSURANCE TO WHICH THE PROPERTY AND CASUALTY INSURANCE GUARANTY CORPORATION ACT, 1986 MD LAWS CHS. 161, 440 (THE "ACT"), APPLIES SHALL BE AND REMAIN A MEMBER OF THE CORPORATION (A "MEMBER"). MEMBERS HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS AND TRANSACT ANY BUSINESS WITHIN THE POWER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CORPORATION HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. ANY DIRECTOR MAY BE REMOVED FROM OFFICE WITH OR WITHOUT CAUSE BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS ENTITLED TO VOTE AT ANY SPECIAL MEETING OF MEMBERS REGULARLY CALLED FOR THIS PURPOSE. FORM 990, PART VI, SECTION A, LINE 7B ONLY MEMBERS, AS DEFINED IN THE CORPORATION'S GOVERNING DOCUMENTS AND ON FORM 990, PART VI, LINE 6, HAVE THE RESERVED POWER TO ELECT THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WHICH ARE ABLE TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE GOVERNING BODY BEFORE FILING. THE BOARD REVIEWS THE FORM FOR ACCURACY AND COMPLETENESS FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD OF DIRECTORS AND OTHER OFFICERS OR KEY MEMBERS OF THE ORGANIZATION COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE WHICH IS REVIEWED BY THE ORGANIZATION'S PRESIDENT AND CHAIR OF THE BOARD TO DETERMINE IF ANY CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES COMPARABILITY DATA FOR DETERMINING COMPENSATION OF THE PRESIDENT, TOP MANAGEMENT OFFICIALS AND OFFICERS. COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY AND IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CLAIM RESERVES -5,991,225. CHANGE IN EXPENSE RESERVES -62,795. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE COMMITTEE'S AUTHORITY TO OVERSEE THE FINANCIAL STATEMENT AUDIT.