What is a political action committee?
Business membership organizations like IIANC set up a political action committee (PAC) so our members can make one personal contribution that supports every candidate who is aligned on our industry’s key issues. PACs have been around for many years, and are the most efficient way for an association to participate in the electoral process on behalf of their members.
How does the Independent Insurance Agents of North Carolina political action committee (iPAC) work?
Coupled with the presence of IIANC’s lobbyist at the State Capitol and personal relationships between individual IIANC members and key elected officials, iPAC is an important third column supporting IIANC’s advocacy efforts. iPAC makes it possible for IIANC to provide financial support to state legislative candidates of both parties who support the independent insurance agency business model. These contributions help these candidates run winning campaigns – and candidates who win set tax and regulatory policies that impact your profession as well as the bottom line of your independent insurance agency.
Decisions on which candidates receive a contribution from iPAC are made by fellow members serving on the IIANC Governmental Affairs Committee, in consultation with IIANC’s lobbyist. Candidates are evaluated on their voting record and stated position on issues; consideration is also given for state legislators serving on committees and/or serving in a leadership role in the NC General Assembly. And, iPAC supports independent agents running for the state legislature.
Why should you support iPAC?
Supporting iPAC shows you support your profession, that you are committed to helping ensure you and other independent agents can prosper now and in the future. Whatever your personal political, ideological or partisan disposition, it’s simply true that to be an effective advocate on your behalf, IIANC must have strong relationships with every elected state official who supports laws and regulations that are favorable to the independent insurance agency business.
Under state election law, a political action committee can only accept contributions made with personal funds, so iPAC depends entirely on support from our individual members – no company or corporate funds are allowed. Truly, it’s voluntary personal contributions from IIANC members like you that makes iPAC strong and effective.
What’s the right amount to contribute to iPAC?
The maximum contribution allowed under state law is $5,400, but iPAC is appreciative of support at any level. iPAC contributions generally range from the Centennial Level at $1,000 to $120 for Supporters (this is the contribution level of most Young Agents).
To make it easier for IIANC members to support iPAC, we offer the option of making your contribution in equal monthly installments using a personal credit card. For example, a $500 Gold Level contribution is just $42 per month, a $250 Pioneer Level contribution just $21, and $180 Founder Level just $15. Every iPAC contributor of $120 or more (just $10 per month) receives a special hot/cold beverage tumbler to show everyone they are a Leader of the PAC!
To learn more about iPAC, contact Joe Stewart, IIANC Vice President of Governmental Affairs, at firstname.lastname@example.org or 919-614-0520.