Political Activities Policy Statement

Political Activities Policy Statement

Download item year list 2021 2018

Political Activities Policy Statement of Assurant, Inc.

This policy, which is reviewed by the Nominating and Corporate Governance Committee of Assurant, Inc.’s Board of Directors, sets forth the basic principles and oversight of Assurant’s lobbying activities, political contributions, political action committee (“PAC”), and trade association participation.

  • A. Lobbying
    1. Assurant is committed to constructive and ethical engagement in the U.S. political and public policy process that serves the best interests of our business, employees, clients, policyholders, and shareholders. The company is subject to extensive federal and state legislation and regulation. Our interests can be affected by a wide range of regulatory and legislative action in areas as diverse as insurance and service contract regulation, housing policy, trade policy, capital markets regulation, and tax laws. We seek to educate and inform public officials about the company’s positions on these and other policy issues that are important to our corporate purpose.
    2. Our activities include engagement with state and federal elected officials, supporting industry trade associations, PAC sponsorship, and providing PAC or corporate funds (where permitted by law) to state candidates. In all cases, Assurant’s political activities are intended to reflect and further Assurant’s corporate interest, and not the personal interest of any of our officers, directors, or employees. We prohibit directors and employees from using company resources to promote their personal political views, causes, or candidates.
    3. Assurant’s public policy priorities are determined in consultation with the company’s business units and the company’s most senior executives. Assurant maintains policies and procedures to ensure that its political activities are conducted in accordance with applicable federal and state laws and regulations.
    4. Assurant conducts its political and public policy activities through its Government Relations & Regulatory Affairs group, which employs government affairs professionals who are responsible for analyzing proposed political contributions and related expenditures. The Government Relations & Regulatory Affairs team receives training on compliance with laws and regulations and reporting of any violations, and reports to Assurant’s Chief Legal Officer.
    5. Assurant publicly discloses all U.S. federal lobbying expenditures and the issues to which they relate pursuant to the Lobbying Disclosure Act of 1995 as amended by the Honest Leadership and Open Government Act of 2007 (“Lobbying Disclosure Act”), which requires that we file reports on a quarterly basis. These reports are publicly available at lobbyingdisclosure.house.gov. We also disclose state and local lobbying costs where required by applicable law.
  • B. Corporate Political Contributions
    1. Where it is legally permissible to do so, Assurant provides financial support to state political candidates, committees, and other political organizations by making corporate contributions. In accordance with current applicable law, corporate political contributions to federal candidates and political party committees may not be, and are not, made by Assurant.
    2. Assurant does not use corporate resources for independent expenditures or electioneering communications, as defined by U.S. federal election law, and does not make contributions to "Super PACs" that accept corporate contributions to make independent expenditures in connection with U.S. elections.
    3. All corporate political contributions and expenditures are subject to review for compliance and approved by our Vice President, Federal Affairs and our Chief Legal Officer. Such corporate political contributions and expenditures have been, and will continue to be, made only with the objective of promoting Assurant’s business interests.
  • C. Assurant Political Action Committee
    1. Federal election law allows corporations to establish political action committees, which may make contributions to federal candidates, state candidates (as permitted by law), and other committees. In the U.S., Assurant sponsors the Assurant Inc. PAC, a federal political action committee registered with the Federal Election Commission. Assurant’s PAC is funded solely through voluntary employee contributions. As legally permitted, Assurant supports the modest cost of administering the PAC.
    2. Assurant’s PAC contributes on a bi-partisan basis to federal candidates and political committees. Decisions regarding PAC contributions are made by the Government Relations & Regulatory Affairs team, under the oversight of the Assurant PAC board. The PAC’s board of directors has broad representation from employees. Contribution decisions are not made to reflect the personal political views or interests of senior management. Contribution criteria considered when the PAC makes contribution decisions include:
      • the candidate’s views on issues relevant to Assurant, its shareholders, clients and employees;
      • the candidate’s leadership positions;
      • the jurisdiction of the Congressional committees on which the candidate serves; and
      • the candidate’s representation of a jurisdiction where Assurant has a significant employee presence.
  • D. Trade Associations
    1. To assist in addressing a variety of business needs, Assurant is a member of several industry and business trade groups. These organizations may engage in a broad range of other issues and we may not always agree with all of their positions. Our Government Relations team periodically reviews our membership in those organizations based on their support of matters of importance to Assurant. In certain cases, a portion of the dues Assurant pays for membership in these groups may be used to support the trade association’s lobbying or other advocacy interests.
  • E. Compliance
    1. Assurant is committed to complying with all applicable laws relating to political contributions and lobbying activities. The activities described in this policy are conducted in a transparent manner and consistent with legal and regulatory requirements.
  • F. Board Oversight
    1. The Nominating and Corporate Governance Committee of the Board of Directors exercises oversight over our political activities, including our public policy priorities, engagement with officials and other stakeholders, and compliance with laws and regulations. The Committee reviews our lobbying activities, political contributions, and any related expenditures. The Committee receives an annual report on Assurant’s political activities.

Investor Contact

Suzanne Shepherd

Senior Vice President, Investor Relations

28 Liberty Street, 41st Floor

New York, NY 10005

212-859-7062

Investor.Relations@assurant.com

Sean Moshier

Assistant Vice President, Investor Relations

28 Liberty Street, 41st Floor

New York, NY 10005

212-859-5831

Investor.Relations@assurant.com