2020-05-05T11:14:21-07:00 2019-12-31 990 2019-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 150 South Wacker Drive Suite 2970 Chicago IL 60606 Timothy Schotke Executive Director 3124229700 2020-05-05 38.124.52.202 2019 2020-11-06 18:47:13Z Tim Schotke 150 SOUTH WACKER DRIVE SUITE 2970 CHICAGO IL 60606 27782777 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 27408144 19659991 2115690 8122786 0 0 29523834 27782777 0 0 0 0 2094642 2218965 0 0 0 18853759 30583885 20948401 32802850 8575433 -5020073 152399067 162540478 4371822 19533306 148027245 143007172 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 31471213 0 19659991 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 31471213 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 1 287 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 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 Maria Doughty Director 0 0 X 0 0 0 Joel Myers Director 0 0 X 0 0 0 Miles Kilcoin Director 0 0 X 0 0 0 Randy Seiner Director 0 0 X 0 0 0 Timothy Schotke Executive Director 40 0 X X 255043 0 65120 LaToya Hines Controller 40 0 X X 157029 0 44937 Gregory Jankowski Claims Director 40 0 X 165390 0 62486 Valerie McGregor Claims Director 40 0 X 150013 0 41184 Gerald Gorak Senior Claims Examiner 40 0 X 114490 0 35058 Michael Dickey IT Manager 40 0 X 107164 0 30976 949129 0 279761 6 0 1 0 LOCKE LORD LLP 111 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL SERVICES 830831 CORVEL CORPORATION 3010 HIGHLAND PARKWAY SUITE 600 DOWNERS GROVE IL 60515 MEDICAL BILL REVIEW AND PHARMACY BENEFITS MANAGER 388915 PAYDEN AND RYGEL 333 SOUTH GRAND AVENUE 32ND FLOOR LOS ANGELES CA 90071 INVESTMENT PORTFOLIO MANAGER 285413 LIGHTSPEED DATA SOLUTIONS INC 5042 WILSHIRE BLVD SUITE 595 LOS ANGELES CA 90036 TECNHOLOGY CONSULTING 180000 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS 300 NORTH MERIDIAN ST INDIANAPOLIS IN 46204 MEMBERSHIP TRADE ASSOCIATION 146077 0 MEMBERSHIP ASSESSMENTS 524298 999994 999994 0 0 ADVANCES FROM LIQUIDATORS 524298 18659997 18659997 0 0 0 0 0 0 19659991 8122786 8122786 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27782777 27782777 0 0 0 0 0 0 0 0 1223270 862865 360405 0 0 0 0 0 679334 479186 200148 0 97945 69088 28857 0 104816 73934 30882 0 113600 80131 33469 0 0 0 0 0 872132 690320 181812 0 197711 139460 58251 0 48000 33858 14142 0 285413 201323 84090 0 77285 55325 21960 0 0 0 0 0 115923 81798 34125 0 279509 197159 82350 0 0 0 0 0 321672 226900 94772 0 51649 36432 15217 0 0 0 0 0 7810 5509 2301 0 0 0 0 0 0 0 0 0 46287 32650 13637 0 78926 55673 23253 0 REFUND MEMBER ASSESSMENTS 18659574 18659574 0 0 CLAIM PAYMENTS TO POLICYHOLDERS 9338910 9338910 0 0 UNEARNED PREMIUM PAYMENTS 26703 26703 0 0 MEMBERSHIP DUES & MISC EXPENSES 176381 124415 51966 0 32802850 31471213 1331637 0 940663 211 2206639 850422 0 0 6282191 29475 0 0 0 0 0 0 0 0 124630 326157 331261 270167 99967 61094 0 0 0 0 142194841 160553458 0 0 550136 719661 152399067 162540478 1739436 1804306 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2632386 17729000 4371822 19533306 X 1649271 8440420 0 0 146377974 134566752 148027245 143007172 152399067 162540478 -5020073 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 36485 33003 3482 0 203480 153623 49857 0 91296 83541 7755 61094 U.S. GOVERNMENT OBLIGATIONS 50810145 F NON-U.S. GOVERNMENT OBLIGATIONS 489613 F MORTGAGE-BACKED SECURITIES 20387676 F ASSET-BACKED SECURITIES 24038376 F CORPORATE OBLIGATIONS 62182414 F STATES, MUNCIPALITIES AND POLITICAL SUBDIVISIONS 2645234 F 160553458 0 OUTSTANDING CHECKS PAYABLE 17729000 17729000 28010128 0 0 0 227351 227351 27782777 0 0 0 27782777 33030201 0 0 0 0 0 33030201 0 -227351 -227351 32802850 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 2019. 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 254541 0 0 0 502 0 38834 0 26286 0 320163 0 0 0 LaToya Hines Controller 156734 0 0 0 295 0 24424 0 20513 0 201966 0 0 0 Gregory Jankowski Claims Director 163125 0 0 0 2265 0 25539 0 36947 0 227876 0 0 0 Valerie McGregor Claims Director 148017 0 0 0 1996 0 23036 0 18148 0 191197 0 0 0 Gerald Gorak Senior Claims Examiner 113056 0 0 0 1434 0 17539 0 17519 0 149548 0 0 0 Michael Dickey IT Manager 106985 0 0 0 179 0 16284 0 14692 0 138140 0 0 0 JOHN R MATHEWS LLC The principal of John R Mathews LLC is a current director of the organization. 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 that seven days prior to filing. A special 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 calendar year 2017. 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.