2022-05-05T09:07:33-07:00 2021-12-31 990 2021-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 150 South Wacker Drive Suite 2970 Chicago IL 60606 Timothy Schotke Executive Director 3124229700 2022-05-05 1 11 0 AAL2 2021 2022-09-23 18:48:47Z TIM SCHOTKE 150 SOUTH WACKER DRIVE SUITE 2970 CHICAGO IL 60606 26320531 0 X http://www.iigf.org/ X State Insurance Guaranty Fund 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 0 0 0 26423744 23712990 7556963 2607541 0 0 33980707 26320531 0 0 0 0 2264490 2255602 0 0 0 21980568 14118616 24245058 16374218 9735649 9946313 156745785 161417885 4002964 2453939 152742821 158963946 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. 0 0 16040943 0 23712990 The Illinois Insurance Guaranty Fund is a statutorily mandated organization which paid, when legally due, all covered claims as defined by statue and otherwise fully discharged its statutory obligation in accordance with Illinois law. 0 0 0 16040943 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 201 0 1 14 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X LaToya Hines 3124229700 150 South Wacker Drive Suite 2970 Chicago IL 60606 Timothy Schotke Executive Director 40.00 0.00 X X 276549 0 72767 LaToya Hines Controller 40.00 0.00 X X 181284 0 49062 Gregory Jankowski Claims Director 40.00 0.00 X 169452 0 58958 Valerie McGregor Claims Director 40.00 0.00 X 167009 0 41426 Michael Dickey IT Manager 40.00 0.00 X 120731 0 32207 Gerald Gorak Senior Claims Examiner 40.00 0.00 X 118108 0 33232 Michael Levesque Senior Claims Examiner 40.00 0.00 X 108992 0 39981 Stacie Graham Chair 0.00 0.00 X 0 0 0 Joyce Hall Mellinger Director 0.00 0.00 X 0 0 0 Julian Coleman Jr Director 0.00 0.00 X 0 0 0 Paul Blume Jr Director 0.00 0.00 X 0 0 0 Jennifer Ellin Director 0.00 0.00 X 0 0 0 Michael Paquette Director 0.00 0.00 X 0 0 0 John Mathews Director 0.00 0.00 X 0 0 0 Cathy Wallace Director 0.00 0.00 X 0 0 0 Amber Mitchell Director 0.00 0.00 X 0 0 0 Joel Myers Director 0.00 0.00 X 0 0 0 1142125 0 327633 7 0 1 0 LOCKE LORD LLP 111 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL SERVICES 541384 MEDICALSERVICEQUOTES 695 JERRY ST STE 205 CASTLEROCK CO 80104 PHARMACY PROGRAM MANAGER 345314 CORVEL CORPORATION 3010 HIGHLAND PARKWAY SUITE 600 DOWNERS GROVE IL 60515 MEDICAL BILL REVIEW 312812 PAYDEN AND RYGEL 333 SOUTH GRAND AVENUE 32ND FLOOR LOS ANGELES CA 90071 INVESTMENT PORTFOLIO MANAGER 275139 LIGHTSPEED DATA SOLUTIONS INC 5042 WILSHIRE BLVD SUITE 595 LOS ANGELES CA 90036 TECNHOLOGY CONSULTING 198000 9 0 MEMBERSHIP ASSESSMENTS 524298 19696046 19696046 0 0 ADVANCES FROM LIQUIDATORS 524298 4016944 4016944 0 0 0 0 0 0 23712990 2607541 2607541 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26320531 26320531 0 0 0 0 0 0 0 0 0 0 1453188 1345840 107348 0 0 0 0 0 505558 468213 37345 0 76826 71151 5675 0 103429 95789 7640 0 116601 107988 8613 0 0 0 0 0 785882 738335 47547 0 145000 134289 10711 0 59400 55012 4388 0 0 0 275139 254814 20325 0 63713 60444 3269 0 0 0 0 0 104359 96650 7709 0 319956 296321 23635 0 0 0 0 0 331127 306666 24461 0 6338 5870 468 0 0 0 0 0 2911 2696 215 0 0 0 0 0 0 0 0 0 29686 27493 2193 0 91492 84733 6759 0 MEMBERSHIP DUES & MISC EXPENSES 202708 187734 14974 0 CLAIM PAYMENTS TO POLICYHOLDERS 6931301 6931301 0 0 REFUND MEMBER COMPANY ASSESSMENTS 4769604 4769604 0 0 16374218 16040943 333275 0 81702 848015 3363706 2081024 0 0 4650007 13790300 0 0 0 0 0 0 0 0 175995 185120 432019 339437 48863 92582 0 0 0 0 147997831 144019099 0 0 427681 401745 156745785 161417885 1377030 1218340 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2625934 1235599 4002964 2453939 X 13342116 9666725 0 0 139400705 149297221 152742821 158963946 156745785 161417885 9946313 -3725188 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 36485 35868 617 0 303840 212234 91606 0 91694 91335 359 92582 U.S. GOVERNMENT OBLIGATIONS 30486185 F NON-U.S. GOVERNMENT OBLIGATIONS 1080970 F MORTGAGE-BACKED SECURITIES 12252498 F ASSET-BACKED SECURITIES 25147051 F CORPORATE OBLIGATIONS 65611581 F STATES, MUNICIPALITIES AND POLITICAL SUBDIVISIONS 9440814 F 144019099 0 OUTSTANDING CHECKS PAYABLE 1235599 1235599 26068055 -3725188 0 0 3472712 -252476 26320531 0 0 0 26320531 16504814 0 0 0 0 0 16504814 0 -130596 -130596 16374218 Schedule D, Part XI, Line 2d This amount represents expense recoveries and excess net investment returns held within fund balance of the General Operating Account. The excess net investment returns were allocated from the General Operating Account to the Auto Account and Other Account during January 2021. Schedule D, Part XII, Line 4b The amount represents expense recoveries. X X X 0 0 0 Timothy Schotke Executive Director 275992 0 0 0 557 0 43734 0 29033 0 349316 0 0 0 LaToya Hines Controller 180941 0 0 0 343 0 28402 0 20660 0 230346 0 0 0 Gregory Jankowski Claims Director 166852 0 0 0 2600 0 26511 0 32447 0 228410 0 0 0 Valerie McGregor Claims Director 162795 0 0 0 4214 0 25803 0 15623 0 208435 0 0 0 Michael Dickey IT Manager 120526 0 0 0 205 0 18571 0 13636 0 152938 0 0 0 Gerald Gorak Senior Claims Examiner 116559 0 0 0 1549 0 18189 0 15043 0 151340 0 0 0 Michael Levesque Senior Claims Examiner 108514 0 0 0 478 0 17248 0 22733 0 148973 0 0 0 JOHN R MATHEWS LLC The principal of John R Mathews LLC is a current director who serves on the board. 30000 Legal and government relations services. 0 Form 990, Part VI, Section A, Line 6 Members are the insurance companies licensed to write Property/Casualty insurance in the state of Illinois. Form 990, Part VI, Section A, 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, Part VI, Section A, Line 7b This applies only to the approval of directors. Upon election of the Board of Directors and upon filling 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, Part VI, Section A, 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, Part VI, Section B, Line 11b The Form 990 is reviewed by outside counsel. Subsequent to the legal review, the Form 990 is provided for review to each Board member not less than seven days prior to filing. A special video or teleconferencing meeting of the Board is then convened to deliberate and resolve any questions, if necessary. Form 990, Part VI, Section B, 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 a disclosure of non-compliance. Form 990, Part VI, Section B, Line 15 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, Part VI, Section C, 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.