To insure with TIAC, an ALTA active or associate member is required by the federal law establishing risk retention groups to purchase stock in TIAC. Two classes of TIAC stock are offered and the purchase of either class satisfies the stock purchase requirement. Class A stock is priced at $1,000 per share with a minimum purchase requirement of 1.5 shares for every five professional employees or part thereof. Since there are no partial shares, the requisite number of shares must be rounded upward. Class A shareholders have full voting rights and may qualify to serve on TIAC’s Board of Directors. Class C stock is priced at $100 per share ($1 par value) and there is a one share purchase requirement, no matter the insured firm’s size. Class C stock has limited voting rights and Class C shareholders may not serve on the Board of Directors of TIAC. Class C stock may be redeemed for its $1 par value. For specific rules, rights and requirements, please refer to the Summary Business Plan and Disclosure Document, which is available upon request to the Underwriting Manager.