Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - AMERINST INSURANCE GROUP LTDFinancial_Report.xls
10-K - FORM 10-K - AMERINST INSURANCE GROUP LTDd286512d10k.htm
EX-31.2 - CERTIFICATION PURSUANT TO SECTION 302 - AMERINST INSURANCE GROUP LTDd286512dex312.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302 - AMERINST INSURANCE GROUP LTDd286512dex311.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - AMERINST INSURANCE GROUP LTDd286512dex211.htm
EX-32.1 - CERTIFICATION OF STUART H. GRAYSTON PURSUANT TO 18 U.S.C. SECTION 1350 - AMERINST INSURANCE GROUP LTDd286512dex321.htm
EX-10.14 - ADDENDUM TO MANAGEMENT AGREEMENT - AMERINST INSURANCE GROUP LTDd286512dex1014.htm
EX-10.13 - ADDENDUM TO MANAGEMENT AGREEMENT - AMERINST INSURANCE GROUP LTDd286512dex1013.htm
EX-32.2 - CERTIFICATION OF THOMAS R. MCMAHON PURSUANT TO 18 U.S.C. SECTION 1350 - AMERINST INSURANCE GROUP LTDd286512dex322.htm

Exhibit 10.5

DIRECTOR COMPENSATION SUMMARY

The annual retainer for the directors is $20,000. Of this amount, $10,000 is paid in common shares of the Company.

In addition to the annual retainer, the directors are also paid $700 per half day for each board meeting and $175 per hour for each committee meeting attended during the calendar year. Directors are entitled to receive compensation and reimbursement for expenses incurred in attending board or committee meetings or when otherwise acting on our behalf. The chairman of the board, as well as the chairman of the audit committee, receive an additional annual retainer of $10,000. The chairmen of all other committees receive an additional retainer of $5,000.