2021-05-04T11:11:14-07:00 2020-12-31 990 2020-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 150 South Wacker Drive Suite 2970 Chicago IL 60606 Timothy Schotke Executive Director 3124229700 2021-05-04 1 11 0 AAL2 2020 2022-09-23 18:48:47Z TIM SCHOTKE 150 SOUTH WACKER DRIVE SUITE 2970 CHICAGO IL 60606 33980707 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 15 0 0 0 0 0 19659991 26423744 8122786 7556963 0 0 27782777 33980707 0 0 0 0 2218965 2264490 0 0 0 30583885 21980568 32802850 24245058 -5020073 9735649 162540478 156745785 19533306 4002964 143007172 152742821 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 23325708 26423744 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 23325708 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 1 196 0 1 15 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 0 X X 266439 0 70650 Gregory Jankowski Claims Director 40 0 X 167083 0 64313 LaToya Hines Controller 40 0 X X 175094 0 47615 Valerie McGregor Claims Director 40 0 X 159171 0 42759 Gerald Gorak Senior Claims Examiner 40 0 X 116053 0 35882 Michael Dickey IT Manager 40 0 X 113002 0 32302 Michael Levesque Senior Claims Examiner 40 0 X 102232 0 42577 Stacie Graham Chair 0 0 X 0 0 0 Joyce Hall Mellinger Director 0 0 X 0 0 0 Julian Coleman Jr Director 0 0 X 0 0 0 Paul Blume Jr Director 0 0 X 0 0 0 Jennifer Ellin Director 0 0 X 0 0 0 Michael Paquette Director 0 0 X 0 0 0 John Mathews Director 0 0 X 0 0 0 Cathy Wallace Director 0 0 X 0 0 0 Dana Popish Severinghaus Director 0 0 X 0 0 0 Joel Myers Director 0 0 X 0 0 0 Maria Doughty Director 0 0 X 0 0 0 1099074 0 336098 7 0 1 0 LOCKE LORD LLP 111 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL SERVICES 636593 CORVEL CORPORATION 3010 HIGHLAND PARKWAY SUITE 600 DOWNERS GROVE IL 60515 MEDICAL BILL REVIEW 361531 PAYDEN AND RYGEL 333 SOUTH GRAND AVENUE 32ND FLOOR LOS ANGELES CA 90071 INVESTMENT PORTFOLIO MANAGER 275870 LIGHTSPEED DATA SOLUTIONS INC 5042 WILSHIRE BLVD SUITE 595 LOS ANGELES CA 90036 TECNHOLOGY CONSULTING 198000 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS 300 NORTH MERIDIAN ST INDIANAPOLIS IN 46204 MEMBERSHIP TRADE ASSOCIATION 147495 5 0 0 0 0 0 0 0 0 MEMBERSHIIP ASSESSMENTS 524298 18498801 18498801 0 0 ADVANCES FROM LIQUIDATORS 524298 7924943 7924943 0 0 0 0 0 0 26423744 7556963 7556963 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33980707 33980707 0 0 0 0 0 0 0 0 0 0 1425840 1124520 301320 0 0 0 0 0 569666 449280 120386 0 78300 61753 16547 0 78083 61582 16501 0 112601 88805 23796 0 0 0 0 0 680047 571542 108505 0 145450 114712 30738 0 48000 37856 10144 0 0 0 275870 217571 58299 0 47648 39905 7743 0 0 0 0 0 94035 74195 19840 0 300849 237271 63578 0 0 0 0 0 329810 260112 69698 0 2359 1879 480 0 0 0 0 0 200 158 42 0 0 0 0 0 0 0 0 0 39859 31436 8423 0 83244 65652 17592 0 REFUND MEMBER COMPANY ASSESSMENTS 13427704 13427704 0 0 CLAIM PAYMENTS TO POLICYHOLDERS 6287804 6287804 0 0 UNEARNED PREMIUM PAYMENTS 1348 1348 0 0 MEMBERSHIP DUES & MISC EXPENSES 216341 170623 45718 0 0 0 0 0 24245058 23325708 919350 0 211 81702 850422 3363706 0 0 29475 4650007 0 0 0 0 0 0 0 0 326157 175995 358614 309751 61094 48863 0 0 0 0 160553458 147997831 0 0 719661 427681 162540478 156745785 1804306 1377030 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17729000 2625934 19533306 4002964 X 8440420 13342116 0 0 134566752 139400705 143007172 152742821 162540478 156745785 9735649 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 36485 34948 1537 0 230833 183507 47326 0 91296 91296 0 48863 U.S. GOVERNMENT OBLIGATIONS 50783699 F NON-U.S. GOVERNMENT OBLIGATIONS 1110653 F MORTGAGE-BACKED SECURITIES 24023532 F ASSET-BACKED SECURITIES 18274543 F CORPORATE OBLIGATIONS 46395176 F STATES, MUNCIPALITIES AND POLITICAL SUBDIVISIONS 7410228 F 147997831 0 OUTSTANDING CHECKS PAYABLE 2625934 2625934 34246713 0 0 0 266006 266006 33980707 0 0 0 33980707 24511064 0 0 0 0 0 24511064 0 -266006 -266006 24245058 Schedule D, Part X, Line 1 The Guaranty Fund is exempt from federal income taxes under the Internal Revenue Code Section 501(c)(6) and from state income taxes under the provisions of the Illinois statue, except for taxes applied to lobbying activity and unrelated business income. The Guaranty Fund had no unrelated business income for calendar year 2020. No provision for federal or state income taxes have been made by the Guaranty Fund in its financial statements. Schedule D, Part XI, Line 2d This amount represents expense recoveries. Schedule D, Part XII, Line 4b This amount represents expense recoveries. X X X 0 0 0 Timothy Schotke Executive Director 265909 0 0 0 530 0 40761 0 29889 0 337089 0 0 0 LaToya Hines Controller 174770 0 0 0 324 0 26395 0 21220 0 222709 0 0 0 Gregory Jankowski Claims Director 164517 0 0 0 2566 0 25603 0 38710 0 231396 0 0 0 Valerie McGregor Claims Director 157056 0 0 0 2115 0 24145 0 18614 0 201930 0 0 0 Gerald Gorak Senior Claims Examiner 114527 0 0 0 1526 0 17566 0 18316 0 151935 0 0 0 Michael Dickey IT Manager 112812 0 0 0 190 0 17056 0 15246 0 145304 0 0 0 Michael Levesque Senior Claims Examiner 101761 0 0 0 471 0 16643 0 25934 0 144809 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 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 teleconference 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.