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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 7/26/23 RLI Corp. 10-Q 6/30/23 78:13M Toppan Merrill Bridge/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 2.95M 11: EX-3.1 Articles of Incorporation/Organization or Bylaws HTML 38K 6: EX-10.1 Material Contract HTML 106K 7: EX-10.2 Material Contract HTML 218K 8: EX-10.3 Material Contract HTML 146K 9: EX-10.4 Material Contract HTML 98K 10: EX-10.5 Material Contract HTML 52K 2: EX-31.1 Certification -- §302 - SOA'02 HTML 28K 3: EX-31.2 Certification -- §302 - SOA'02 HTML 28K 4: EX-32.1 Certification -- §906 - SOA'02 HTML 25K 5: EX-32.2 Certification -- §906 - SOA'02 HTML 25K 17: R1 Document and Entity Information HTML 76K 18: R2 Condensed Consolidated Statements of Earnings and HTML 107K Comprehensive Earnings 19: R3 Condensed Consolidated Balance Sheets HTML 131K 20: R4 Condensed Consolidated Balance Sheets HTML 50K (Parenthetical) 21: R5 Condensed Consolidated Statements of Shareholders' HTML 88K Equity 22: R6 Condensed Consolidated Statements of Shareholders' HTML 26K Equity (Parenthetical) 23: R7 Condensed Consolidated Statements of Cash Flows HTML 71K 24: R8 Summary of Significant Accounting Policies HTML 231K 25: R9 Investments HTML 544K 26: R10 Historical Loss And LAE Development HTML 68K 27: R11 Income Taxes HTML 98K 28: R12 Stock Based Compensation HTML 96K 29: R13 Operating Segment Information HTML 180K 30: R14 Leases HTML 102K 31: R15 Acquisitions and Dispositions HTML 27K 32: R16 Summary of Significant Accounting Policies HTML 246K (Policies) 33: R17 Summary of Significant Accounting Policies HTML 209K (Tables) 34: R18 Investments (Tables) HTML 540K 35: R19 Historical Loss And LAE Development (Tables) HTML 67K 36: R20 Income Taxes (Tables) HTML 94K 37: R21 Stock Based Compensation (Tables) HTML 91K 38: R22 Operating Segment Information (Tables) HTML 178K 39: R23 Leases (Tables) HTML 102K 40: R24 Summary of Significant Accounting Policies - HTML 90K Adopted Accounting Standards (Details) 41: R25 Summary of Significant Accounting Policies - HTML 36K Reinsurance - Additional Information (Details) 42: R26 Summary of Significant Accounting Policies - HTML 36K Goodwill and Intangible Assets - Schedule of Goodwill and Intangible Assets (Details) 43: R27 Summary of Significant Accounting Policies - HTML 25K Goodwill and Intangible Assets - Additional Information (Details) 44: R28 Summary of Significant Accounting Policies - HTML 69K Schedule of Reconciliation of Numerator and Denominator of the Basic and Diluted Earnings Per Share Computations (Details) 45: R29 Summary of Significant Accounting Policies - HTML 37K Comprehensive Earnings (Loss) - Additional Information (Details) 46: R30 Summary of Significant Accounting Policies - HTML 46K Schedule of Changes in the Balance of Each Component of Accumulated Other Comprehensive Earnings (Details) 47: R31 Summary of Significant Accounting Policies - HTML 56K Schedule of Effects of Reclassifications out of Accumulated Other Comprehensive Earnings (Loss) (Details) 48: R32 Summary of Significant Accounting Policies - HTML 38K Catastrophe Exposures - Additional Information (Details) 49: R33 Investments - Disposition of Fixed Income and HTML 51K Equity Securities (Details) 50: R34 Investments - Assets Measured at Fair Value HTML 76K (Details) 51: R35 Investments - Summary of Changes in Balance of HTML 34K Level 3 securities (Details) 52: R36 Investments - Amortized Cost and Fair Value of HTML 55K Available-for-sale Fixed Income Securities (Details) 53: R37 Investments - Additional Information (Details) HTML 50K 54: R38 Investments - Amortized Cost and Fair Value of HTML 69K Available-for-sale Securities (Details) 55: R39 Investments - Schedule of Debt Securities HTML 36K Available-for-sale Allowance for Credit Loss (Details) 56: R40 Investments - Schedule of Securities in an HTML 93K Unrealized Loss Position Segregated by Type and Length of Time in an Unrealized Loss Position (Details) 57: R41 Investments - Unrealized Losses (Details) HTML 72K 58: R42 Investments - Debt and Short-term Investments HTML 79K (Details) 59: R43 Historical Loss and LAE Development - Schedule of HTML 53K Reconciliation of Unpaid Losses and Settlement Expenses (Lae) (Details) 60: R44 Income Taxes - Additional Information (Details) HTML 28K 61: R45 Income Taxes - Schedule of Reconciliation of HTML 75K Income Tax Expense (Benefit) Attributable to Income from Operations with Amounts Computed by Applying U.S. Federal Tax Rate to Pretax Income from Continuing Operations (Details) 62: R46 Stock Based Compensation - Stock Plans - HTML 69K Additional Information (Details) 63: R47 Stock Based Compensation - Summary of Option HTML 65K Activity (Details) 64: R48 Stock Based Compensation - Summary of Weighted HTML 36K Average Grant-date Assumptions and Weighted Average Fair Values (Details) 65: R49 Stock Based Compensation - Restricted Stock Units HTML 45K - Additional Information (Details) 66: R50 Stock Based Compensation - Schedule of Restricted HTML 51K Stock Units Activity (Details) 67: R51 Operating Segment Information - Summary of HTML 86K Selected Information by Operating Segment (Details) 68: R52 Operating Segment Information - Summary of Revenue HTML 64K by Major Product Type (Details) 69: R53 Leases - Schedule of Components of Lease Expense HTML 58K and Other lease Information (Details) 70: R54 Leases - Schedule of Future Minimum Lease Payments HTML 45K under Non-cancellable Leases (Details) 71: R55 Acquisitions and Dispositions (Details) HTML 35K 72: R56 Pay vs Performance Disclosure HTML 36K 73: R57 Insider Trading Arrangements HTML 30K 76: XML IDEA XML File -- Filing Summary XML 136K 74: XML XBRL Instance -- rli-20230630x10q_htm XML 4.07M 75: EXCEL IDEA Workbook of Financial Report Info XLSX 146K 13: EX-101.CAL XBRL Calculations -- rli-20230630_cal XML 222K 14: EX-101.DEF XBRL Definitions -- rli-20230630_def XML 513K 15: EX-101.LAB XBRL Labels -- rli-20230630_lab XML 1.41M 16: EX-101.PRE XBRL Presentations -- rli-20230630_pre XML 969K 12: EX-101.SCH XBRL Schema -- rli-20230630 XSD 170K 77: JSON XBRL Instance as JSON Data -- MetaLinks 516± 803K 78: ZIP XBRL Zipped Folder -- 0001558370-23-012262-xbrl Zip 512K
Article 1 INTRODUCTION2
1.1Establishment3
1.2Purpose4
1.3Definitions4
1.4“Top-Hat” Plan5
Article 2 PARTICIPATION6
2.1Eligibility and Selection6
2.2Notification6
2.3Enrollment6
2.4Elective Deferrals6
Article 3 ACCOUNTS8
3.1Accounts8
3.2Credits to Accounts8
3.3Elective Deferrals8
3.5Charges to Accounts9
Article 4 BENEFITS9
4.1Vesting9
4.2Payment of Plan Benefits on Termination of Employment - General Rule9
4.3Changing Payment Elections9
4.4Special Rules10
4.5Medium of Payments10
4.6Delay in Distributions11
4.7Acceleration of Distributions11
4.8When a Payment is Deemed to be Made11
Article 5 DEATH BENEFITS12
5.1Death Benefits12
5.2Designation of Beneficiary13
Article 6 CLAIMS AND REVIEW PROCEDURES14
6.1Application for Benefits14
6.2Claims and Review Procedures14
6.3Claims Rules15
6.4Deadline to File Claim16
6.5Exhaustion of Administrative Remedies16
6.6Arbitration16
6.7Deadline to File an Arbitration Action16
6.8Knowledge of Fact by Participant Imputed to Beneficiary16
6.9Deferral of Payment17
Article 7 ADMINISTRATION17
7.1Administrator17
7.2Benefits Not Transferable17
7.3Benefits Not Secured18
7.4RLI’s Obligations18
7.5Withholding Taxes18
7.6Service of Process18
7.7Limitation on Liability18
Article 8 AMENDMENT AND TERMINATION18
8.1Amendment18
8.2Termination18
Article 9 MISCELLANEOUS18
9.1Effect on Other Plans18
9.2Effect on Employment18
9.3Disqualification19
9.4Rules of Document Construction19
9.5References to Laws19
9.6Choice of Law19
9.7Binding Effect19
RLI CORP. EXECUTIVES
DEFERRED COMPENSATION PLAN
The obligation of RLI to make payments under the Plan constitutes an unsecured (but legally enforceable) promise of RLI to make such payments and no person, including any Participant or Beneficiary, shall have any lien, prior claim or other security interest in any property of RLI as a result of the Plan.
Whether a termination of employment has occurred is determined based on whether the facts and circumstances indicate that RLI or its Affiliate and the Participant reasonably anticipated that no further services will be performed after a certain date or that the level of bona fide services the Participant will perform after such date will permanently decrease to no more than 49 percent of the average level of bona fide services performed over the immediately preceding 36-month period (or the full period of services if the Participant has been providing services for less than 36 months).
Notwithstanding anything in Section 1.3.22 to the contrary, in determining whether a Participant has had a Termination of Employment with RLI or an Affiliate, an entity’s status as an “Affiliate” shall be determined substituting “50 percent” for “80 percent” each place it appears in Section 1563(a)(1),(2), and (3) and in Treasury Regulation Section 1.414(c)-2.
RLI shall have discretion to determine whether a Participant has experienced a Termination of Employment in connection with an asset sale transaction entered into by RLI or an Affiliate, provided that such determination conforms to the requirements of Section 409A and the regulations and other guidance issued under such section, in which case RLI’s determination shall be binding on the Participant.
(1) | Have the title of Vice President or above, and |
(2) | Be expected to have compensation in excess of the Section 401(a)(17) of the Code limit in the Participant’s initial Year of eligibility. |
Notwithstanding the foregoing, elections for Incentive Compensation that is Performance-Based Compensation must be completed and submitted to the Company not later than six months before the end of the performance period for the Incentive Compensation; provided, however, that in order for such an election to be valid, the Participant must perform services continuously from the beginning of the performance period (or the date the performance criteria are established, if later) through the date the election is entered into, and provided further, that in no event may an election be effective to defer Incentive Compensation after the Incentive Compensation has become reasonably ascertainable. For purposes hereof, if Incentive Compensation is a specific or calculable amount, the Incentive Compensation is readily ascertainable if and when the amount is first substantially certain to be paid. If Incentive Compensation is not a specific or calculable amount, the Incentive Compensation, or any portion thereof, is readily ascertainable when the amount is both calculable and substantially certain to be paid. Accordingly, in general, any minimum amount that is both calculable and substantially certain to be paid will be treated as readily ascertainable.
In general, an election shall become irrevocable as of the last day of the enrollment period applicable to it. However, if a Participant incurs an “unforeseeable emergency,” as defined in Section 4.8(h), or becomes entitled to receive a hardship distribution pursuant to Treas. Reg. § 1.401(k)-1(d)(3) after the election otherwise becomes irrevocable, the election shall be cancelled as of the date on which the Participant is determined to have incurred the unforeseeable emergency or becomes eligible to receive the hardship distribution and no further deferrals will be made under it. In addition, if a Participant becomes “disabled”
(as defined below), RLI may, in its discretion, cancel the Participant’s election then in effect, provided that such cancellation is made no later than the end of the Plan Year, or if later, the 15th day of the third month following the date on which the Participant becomes disabled, and provided further that RLI does not allow the Participant a direct or indirect election regarding the cancellation. For purposes of the preceding sentence, “disability” means any medically determinable physical or mental impairment resulting in the Participant’s inability to perform the duties required by the Participant’s position or any substantially similar position, where such impairment can be expected to result in death or can be expected to last for a continuous period of not less than six months.
Distributions because of an unforeseeable emergency must be limited to the amount reasonably necessary to satisfy the emergency need (which may include amounts necessary to pay any Federal, state, local, or foreign income taxes or penalties reasonably anticipated to result from the distribution). A determination of the amounts reasonably necessary to satisfy the emergency need must take into account any additional compensation that is available due to cancellation of the Participant’s election as a result of this paragraph (h).
Notwithstanding anything in this Section 4.8 to the contrary, except for a Participant’s election to request a distribution due to an unforeseeable emergency under paragraph (h), above (which the Participant, in the Participant’s discretion, may elect to make or not make), RLI shall not provide the Participant with discretion or a direct or indirect election regarding whether a payment is accelerated pursuant to this Section 4.8.
Notwithstanding any provision of this Section 5.2 to the contrary, any Beneficiary designation made under the Prior Agreements will continue in effect under this Plan until modified by the Participant pursuant to this Section 5.2.
Determination of the identity of the Beneficiary in each case shall be made by RLI.
IN WITNESS WHEREOF, RLI has cause the Plan to be executed by its duly authorized officers as of the 4th day of May, 2023.
Its: President & Chief Executive Officer |
And |
By: Jeffrey D. Fick |
Its: Chief Legal Officer & Corporate Secretary |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 7/26/23 | |||
For Period end: | 6/30/23 | |||
5/4/23 | 4, 8-K | |||
1/1/20 | ||||
5/4/17 | 3, 4, 8-K, DEF 14A | |||
1/1/09 | ||||
4/10/07 | ||||
1/1/05 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/23/24 RLI Corp. 10-K 12/31/23 121:34M Toppan Merrill Bridge/FA |