2023-05-24T14:15:43-04:00 2022-12-31 205520612 L M HENDERSON & COMPANY LLP 450 E 96TH ST STE 200 INDIANAPOLIS IN 462403797 990 2022-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 150 SOUTH WACKER DRIVE SUITE 2970 CHICAGO IL 60606 LATOYA HINES CONTROLLER 3124229700 2023-05-24 true LATOYA HINES 999009999 false MICHELLE L ZIMMERMAN P00266120 3175661000 2023-05-24 2022 2023-04-26 12:10:37Z TIM SCHOTKE 150 SOUTH WACKER DRIVE SUITE 2970 CHICAGO IL 60606 7186826 false X HTTP://WWW.IIGF.ORG X STATE INSURA 1971 IL PROTECT POLICYHOLDERS OF PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN ILLINOIS AGAINST LOSS IN THE EVENT OF INSOLVENCY OF THE INSURANCE COMPANY. 10 10 14 0 0 23712990 6382793 2607541 804033 0 26320531 7186826 0 0 2255602 2639082 0 0 14118616 11276084 16374218 13915166 9946313 -6728340 161417885 147561188 2453939 3575675 158963946 143985513 X TO PROTECT AGAINST LOSS BY PROVIDING A MECHANISM TO PAY COVERED CLAIMS AND RETURN UNEARNED PREMIUMS OF POLICYHOLDERS, RESULTING FROM INSOLVENT INSURERS AND TO ASSESS THE COSTS TO COMPANIES HOLDING A CERTIFICATE OF AUTHORITY TO TRANSACT INSURANCE IN THE STATE OF ILLINOIS. false false 13567242 6382793 THE ILLINOIS INSURANCE GUARANTY FUND IS A STATUTORILY MANDATED ORGANIZATION WHICH PAID, WHEN LEGALLY DUE, ALL COVERED CLAIMS AS DEFINED BY STATUTE AND OTHERWISE FULLY DISCHARGED ITS STATUTORY OBLIGATION IN ACCORDANCE WITH ILLINOIS LAW. 13567242 false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false true false false false false false false false false true 197 0 true 14 true false false false false false false false false X 10 10 false false false false true true true true false false false true true true true true true true true false X LATOYA HINES 3124229700 150 SOUTH WACKER DRIVE STE 2970 CHICAGO IL 60606 TIM SCHOTKE EXECUTIVE DI 40.00 X 282378 0 78931 LATOYA HINES CONTROLLER 40.00 X 190310 0 49146 GREGORY JANKOWSKI CLAIMS DIREC 40.00 X 333292 0 40532 VALERIE MCGREGOR CLAIMS DIREC 40.00 X 174394 0 42364 MICHAEL DICKEY IT MANAGER 40.00 X 128058 0 36532 GERALD GORAK SR. CLAIMS E 40.00 X 119215 0 33462 MICHAEL LEVESQUE SR. CLAIMS E 40.00 X 105378 0 42194 STACIE GRAHAM CHAIR X 0 0 0 JOYCE HALL MELLINGER DIRECTOR X 0 0 0 JULIAN COLEMAN JR DIRECTOR X 0 0 0 PAUL BLUME JR DIRECTOR X 0 0 0 JENNIFER ELLIN DIRECTOR X 0 0 0 MICHAEL PAQUETTE DIRECTOR X 0 0 0 JOHN MATHEWS DIRECTOR X 0 0 0 CATHY WALLACE DIRECTOR X 0 0 0 AMBER MITCHELL DIRECTOR X 0 0 0 JOEL MYERS DIRECTOR X 0 0 0 1333025 323161 7 false true false LOCKE LORD LLP 111 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL SERVICES 457581 MEDICALSERVICEQUOTES 695 JERRY ST STE 205 CASTLEROCK CO 80104 PHARMACY PROGRA 338525 KENT LUCACCIONI LTD 20 SOUTH CLARK ST SUITE 1700 CHICAGO IL 60602 LEGAL SERVICES 305670 PAYDEN AND RYGEL 333 SOUTH GRAND AVENUE 32ND FLOOR LOS ANGELES CA 90071 INVESTMENTS 273045 CORVEL CORPORATION 3010 HIGHLAND PARKWAY SUITE 600 DOWNERS GROVE IL 60515 MEDICAL BILL 259309 12 ADVANCES FROM LIQUIDATORS 524298 4233481 4233481 MEMBERSHIP ASSESSMENTS 524298 2149312 2149312 6382793 804033 804033 7186826 7186826 593015 551057 41958 1559874 1449508 110366 80869 75147 5722 286088 265846 20242 119236 110800 8436 575396 539906 35490 154009 143112 10897 75600 70251 5349 273045 253726 19319 79486 76886 2600 105944 98448 7496 363385 337674 25711 337251 313389 23862 22181 20612 1569 7486 6956 530 27908 25933 1975 104296 96917 7379 CLAIM PAYMENTS TO POLICY 8243703 8243703 REFUND ASSESSMENTS MC 637276 637276 MEMBERSHIP DUES & MISC EX 268881 249858 19023 UNEARNED PREMIUM PAYMENTS 237 237 13915166 13567242 347924 0 848015 28767 2081024 436239 13790300 1430254 185120 186196 316415 215557 92582 100858 144019099 143237048 401745 2141826 161417885 147561188 1218340 1077393 1235599 2498282 2453939 3575675 X 9666725 9402595 149297221 134582918 158963946 143985513 161417885 147561188 -6728340 -8250093 X false true true false 10089 10089 236388 135809 100579 69938 69659 279 100858 U.S. GOVERNMENT OBLIGATIONS 51836892 F CORPORATE OBLIGATIONS 51680832 F ASSET-BACKED SECURITIES 20996643 F STATES, MUNICIPALITIES AND POLITICAL 9203234 F MORTGAGE-BACKED SECURITIES 9054673 F NON-U.S. GOVERNMENT OBLIGATIONS 464774 F 143237048 OPERATING LEASE 1571886 OUTSTANDING CHECKS PAYABLE 864562 ASSESMENTS PAYABLE 61834 2498282 X -1050793 -8250093 12474 -8237619 7186826 7186826 13927640 13927640 -12474 -12474 13915166 SCHEDULE D, PAGE 3, PART X THE FUNDS ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(6) AND FROM STATE INCOME TAXES UNDER THE PROVISIONS OF ILLINOIS STATUTES. THEREFORE, THE FUNDS HAVE MADE NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES FOR THE CURRENT YEAR. SCHEDULE D, PAGE 4, PART XI, LINE 2D THIS AMOUNT REPRESENTS EXPENSE RECOVERIES 12,474 SCHEDULE D, PAGE 4, PART XII, LINE 4B THIS AMOUNT REPRESENTS EXPENSE RECOVERIES -12,474 X X X false false false TIM SCHOTKE EXECUTIVE DIRECTOR 281735 643 44102 34829 361309 LATOYA HINES CONTROLLER 189911 399 28765 20381 239456 GREGORY JANKOWSKI CLAIMS DIRECTOR 333292 17578 22954 373824 VALERIE MCGREGOR CLAIMS DIRECTOR 171823 2571 25913 16451 216758 MICHAEL DICKEY IT MANAGER 127837 221 19182 17350 164590 GERALD GORAK SR. CLAIMS EXAMINER 117646 1569 17661 15801 152677 JOHN R MATTHEWS LLC DIRECTOR 30000 LEGAL & GOVT SERVICE false SCHEDULE L, PART V THE PRINCIPAL OF JOHN R MATHEWS LLC IS A CURRENT DIRECTOR WHO SERVES ON THE BOARD. THE TRANSACTION PROVIDES LEGAL AND GOVERNMENT RELATIONS SERVICES. FORM 990 - ORGANIZATION'S MISSION TO PROTECT AGAINST LOSS BY PROVIDING A MECHANISM TO PAY COVERED CLAIMS AND RETURN UNEARNED PREMIUMS OF POLICYHOLDERS, RESULTING FROM INSOLVENT INSURERS AND TO ASSESS THE COSTS TO COMPANIES HOLDING A CERTIFICATE OF AUTHORITY TO TRANSACT INSURANCE IN THE STATE OF ILLINOIS. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS ARE THE INSURANCE COMPANIES LICENSED TO WRITE PROPERTY/CASUALTY INSURANCE IN THE STATE OF ILLINOIS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBER COMPANIES ELECT DIRECTORS AT THE ANNUAL MEETING TO SERVE THREE-YEAR NON-CONCURRENT TERMS. THE ELECTION IS CONDUCTED ON THE BASIS OF ONE VOTE FOR EACH MEMBER COMPANY. VACANCIES ON THE BOARD ARE FILLED BY A PERSON ELECTED BY THE REMAINING DIRECTORS FOR THE BALANCE OF THE TERM OF THE VACATING DIRECTOR. ALL DIRECTORS ARE SUBJECT TO APPROVAL BY THE DIRECTOR OF INSURANCE OF THE STATE OF ILLINOIS. FORM 990, PAGE 6, PART VI, LINE 7B THIS APPLIES ONLY TO THE APPROVAL OF DIRECTORS. UPON ELECTION OF THE BOARD OF DIRECTORS AND UPON FILING A VACANCY ON THE BOARD, THE ORGANIZATION NOTIFIES THE DIRECTOR OF INSURANCE AND REQUESTS WRITTEN APPROVAL. IF WITHIN TEN DAYS FOLLOWING SUCH NOTIFICATION AND REQUEST THE DIRECTOR DOES NOT APPROVE OR DISAPPROVE THE DIRECTORS ELECTED, THE DIRECTORS SHALL BE DEEMED APPROVED. FORM 990, PAGE 6, PART VI, LINE 8B ALL COMMITTEE MEETINGS HAVE COUNSEL OR MANAGEMENT IN ATTENDANCE TO ADVISE ON ANTITRUST MATTERS, BUT NO FORMAL MINUTES ARE MAINTAINED UNLESS MATTERS OF SIGNIFICANCE ARE DISCUSSED. COMMITTEE DELIBERATIONS AND RECOMMENDATIONS ARE FULLY REPORTED TO THE BOARD AT THE NEXT MEETING AS APPROPRIATE. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY A THIRD-PARTY CONSULTING FIRM. AFTER PREPERATION, THE FORM IS PROVIDED TO THE ILLINOIS INSURANCE GUARANTY FUND (IIGF) MANAGEMENT FOR REVIEW. THE FORM 990 IS THEN REVIEWED BY OUTSIDE COUNSEL. FOLLOWING LEGAL REVIEW, AND PRIOR TO IIGF'S FORM 990 BEING FILED BY THE THIRD-PARTY TAX CONSULTANTS WITH THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE PERFORMS THE FINAL REVIEW NOT LESS THAN SEVEN DAYS PRIOR TO FILING. THE AUDIT COMMITTEE ALSO PROVIDES APPROVAL OF THE DOCUMENT ON BEHALF OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT COMPLIANCE STATEMENTS AT THE TIME OF THE ANNUAL MEETING. THE COMPLIANCE STATEMENTS ARE ONLY SUBJECT TO REVIEW BY THE LEGAL COMMITTEE OF THE BOARD IF THERE IS A FAILURE TO COMPLY OR DISCLOSURE OF NON-COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 15A THE ADMINISTRATION COMMITTEE OF THE BOARD REVIEWS SALARY INCREASE RECOMMENDATIONS FOR ALL STAFF. THESE RECOMMENDATIONS ARE BASED ON STATISTICS FROM THE U.S. DEPARTMENT OF LABOR AND OTHER RELEVANT SALARY FORECASTS, INCLUDING A THIRD PARTY COMPENSATION STUDY PERFORMED FOR THE ORGANIZATION IN ITS ENTIRETY DURING THE 2020 CALENDAR YEAR. THE COMMITTEE REPORTS TO THE BOARD AT THE DECEMBER MEETING. FORM 990, PAGE 6, PART VI, LINE 15B THE ADMINISTRATION COMMITTEE OF THE BOARD REVIEWS SALARY INCREASE RECOMMENDATIONS FOR ALL STAFF. THESE RECOMMENDATIONS ARE BASED ON STATISTICS FROM THE U.S. DEPARTMENT OF LABOR AND OTHER RELEVANT SALARY FORECASTS, INCLUDING A THIRD PARTY COMPENSATION STUDY PERFORMED FOR THE ORGANIZATION IN ITS ENTIRETY DURING THE 2020 CALENDAR YEAR. THE COMMITTEE REPORTS TO THE BOARD AT THE DECEMBER MEETING. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS AND ANNUAL AUDITED FINANCIAL STATEMENTS ARE ON FILE WITH THE ORGANIZATION'S STATE REGULATOR, THE ILLINOIS DEPARTMENT OF INSURANCE. THE AFOREMENTIONED ITEMS ARE AVAILABLE AT THE ILLINOIS DEPARTMENT OF INSURANCE AS PUBLIC DOCUMENTS. THE CONFLICT OF INTEREST POLICY IS AVAILABLE BY CONTACTING THE ILLINOIS INSURANCE GUARANTY FUND.