2019-05-13T11:04:34-07:00 2018-12-31 990 2018-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 150 South Wacker Drive Suite 2970 Chicago IL 60606 Timothy Schotke Executive Director 3124229700 2019-05-01 38.124.52.202 2018 2019-02-21 02:37:17Z Tim Schotke 150 SOUTH WACKER DRIVE SUITE 2970 CHICAGO IL 60606 29523834 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 30281622 27408144 2157519 2115690 52940 0 32492081 29523834 0 0 0 0 2244690 2094642 0 0 0 18230513 18853759 20475203 20948401 12016878 8575433 143452096 152399067 4000284 4371822 139451812 148027245 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 16374531 27408144 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 16374531 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 1 382 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 Brad Roeber Chairman 0 0 X 0 0 0 Stacie Graham Chair 0 0 X 0 0 0 Joyce Hall Mellinger Director 0 0 X 0 0 0 Miles Kilcoin Director 0 0 X 0 0 0 Cathy Wallace Director 0 0 X 0 0 0 Paul Blume Jr Director 0 0 X 0 0 0 Maria Doughty Director 0 0 X 0 0 0 Jennifer Ellin Director 0 0 X 0 0 0 John Mathews Director 0 0 X 0 0 0 Randy Seiner Director 0 0 X 0 0 0 Julian Coleman Jr Director 0 0 X 0 0 0 Timothy Schotke Executive Director 40 0 X X 231119 0 63153 LaToya Hines Controller 40 0 X X 149629 0 43588 Gregory Jankowski Claims Director 40 0 X 165168 0 62197 Valerie McGregor Claims Director 40 0 X 144448 0 39695 Gerald Gorak Senior Claims Examiner 40 0 X 114524 0 34907 Michael Dickey IT Manager 40 0 X 102779 0 30361 Michael Levesque Senior Claims Examiner 40 0 X 100602 0 27947 1008269 0 301848 7 0 1 0 LOCKE LORD LLP 111 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL SERVICES 1001081 CORVEL CORPORATION 3010 HIGHLAND PARKWAY SUITE 600 DOWNERS GROVE IL 60515 MEDICAL BILL REVIEW AND PHARMACY BENEFITS MANAGER 457068 PAYDEN AND RYGEL 333 SOUTH GRAND AVENUE 32ND FLOOR LOS ANGELES CA 90071 INVESTMENT PORTFOLIO MANAGER 280128 LIGHTSPEED DATA SOLUTIONS INC 5042 WILSHIRE BLVD SUITE 595 LOS ANGELES CA 90036 TECNHOLOGY CONSULTING 174000 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS 300 NORTH MERIDIAN ST INDIANAPOLIS IN 46204 MEMBERSHIP TRADE ASSOCIATION 149092 6 0 MEMBERSHIP ASSESSMENTS 524298 11018880 11018880 0 0 ADVANCES FROM LIQUIDATORS 524298 16389264 16389264 0 0 0 0 0 0 27408144 2115690 2115690 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29523834 29523834 0 0 0 0 0 0 0 0 0 0 1303007 0 1303007 0 0 0 0 0 531089 0 531089 0 78583 0 78583 0 72365 0 72365 0 109598 0 109598 0 0 0 0 0 1039293 118460 920833 0 137250 0 137250 0 32000 0 32000 0 0 0 280128 0 280128 0 104741 9804 94937 0 0 0 0 0 97839 783 97056 0 210057 0 210057 0 0 0 0 0 318884 0 318884 0 44479 99 44380 0 0 0 0 0 8500 0 8500 0 0 0 0 0 0 0 0 0 51345 0 51345 0 78647 0 78647 0 REFUND MEMBER ASSESSMENTS 3685509 3685509 0 0 CLAIM PAYMENTS TO POLICYHOLDERS 12406777 12406777 0 0 UNEARNED PREMIUM PAYMENTS 21583 21583 0 0 MEMBERSHIP DUES & MISC EXPENSES 336727 131516 205211 0 20948401 16374531 4573870 0 350559 940663 2140640 2206639 0 0 11652810 6282191 0 0 0 0 0 0 0 0 147819 124630 325361 225394 147592 99967 0 0 0 0 128347661 142194841 0 0 665015 550136 143452096 152399067 1964074 1739436 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2036210 2632386 4000284 4371822 X 0 1649271 0 0 139451812 146377974 139451812 148027245 143452096 152399067 8575433 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 36485 30583 5902 0 197580 127240 70340 0 91296 67571 23725 99967 U.S. GOVERNMENT OBLIGATIONS 58133194 F NON-U.S. GOVERNMENT OBLIGATIONS 474788 F MORTGAGE-BACKED SECURITIES 7783324 F ASSET-BACKED SECURITIES 18013048 F CORPORATE OBLIGATIONS 56685549 F STATES, MUNCIPALITIES AND POLITICAL SUBDIVISIONS 1104938 F 142194841 0 OUTSTANDING CHECKS PAYABLE 2139716 MEMBER ASSESSMENTS PAYABLE 492670 2632386 29606405 0 0 0 82571 82571 29523834 0 0 0 29523834 21030972 0 0 0 0 0 21030972 0 -82571 -82571 20948401 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 2018. 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 230668 0 0 0 451 0 35438 0 27715 0 294272 0 0 0 LaToya Hines Controller 149356 0 0 0 273 0 22881 0 20707 0 193217 0 0 0 Gregory Jankowski Claims Director 162908 0 0 0 2260 0 25498 0 36699 0 227365 0 0 0 Valerie McGregor Claims Director 142547 0 0 0 1901 0 22104 0 17591 0 184143 0 0 0 Gerald Gorak Senior Claims Examiner 113090 0 0 0 1434 0 17540 0 17367 0 149431 0 0 0 Michael Dickey IT Manager 102627 0 0 0 152 0 15669 0 14692 0 133140 0 0 0 Michael Levesque Senior Claims Examiner 100131 0 0 0 471 0 16631 0 11316 0 128549 0 0 0 JOHN R MATHEWS LLC The principal of John R Mathews LLC is a current director of the organization. 22500 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 her 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 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.