2017-05-01T11:08:14-07:00 2016-12-31 990 2016-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 150 South Wacker Drive Suite 2970 Chicago IL 60606 Timothy Schotke Executive Director 3124229700 2017-04-06 38.124.52.202 2016 2021-01-29 14:40:06Z X Tim Schotke 150 SOUTH WACKER DRIVE SUITE 2970 CHICAGO IL 60606 38895602 0 X https://iigf.ncigf.org/home X State Insurance Guaranty Association 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 17 0 0 0 0 0 19838028 36741752 1437825 2153850 0 0 21275853 38895602 0 0 0 0 2120402 2196551 0 0 0 25789165 42359870 27909567 44556421 -6633714 -5660819 138854818 159374125 5759065 31939191 133095753 127434934 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 40054433 0 36741752 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. 0 0 0 40054433 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 0 0 0 0 0 0 0 0 0 1 0 0 1 17 1 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 John Mathews Director 0 0 X 0 0 0 Stacie Graham Director 0 0 X 0 0 0 Joyce Hall Mellinger Director 0 0 X 0 0 0 Cathy Wallace Director 0 0 X 0 0 0 Randy Seiner Director 0 0 X 0 0 0 Michelle Miller Director 0 0 X 0 0 0 Miles Kilcoin Director 0 0 X 0 0 0 Julian Coleman Jr Director 0 0 X 0 0 0 Paul Blume Director 0 0 X 0 0 0 Timothy Schotke Executive Director 40 0 X X 203168 0 51556 LaToya Hines Controller 40 0 X X 135653 0 37846 Gregory Jankowski Claims Director 40 0 X 159748 0 55996 Valerie McGregor Claims Director 40 0 X 130498 0 52818 Gerald Gorak Senior Claims Examiner 40 0 X 116284 0 32600 Richard Andresen Senior Claims Examiner 40 0 X 108285 0 33567 853636 0 264383 6 0 1 0 Locke Lord LLP 111 South Wacker Drive Chicago IL 60606 Legal Services 1151399 PAYDEN AND RYGEL 333 South Grand Avenue 32nd Floor Los Angeles CA 90071 INVESTMENT PORTFOLIO MANAGEMENT 287632 Professional Staffing Services PO Box 82 West Dundee IL 60118 Temporary Staffing 254957 CORVEL CORPORATION 3504 LAKE LYNDA DR 300 ORLANDO FL 32817 MEDICAL BILL REVIEW 245284 Lightspeed Data Solutions Inc 6330 San Vicente Boulevard Suite 245 Los Angeles CA 90048 Technology Consulting 194875 8 0 MEMBERSHIP ASSESSMENTS 524298 30758537 30758537 0 0 ADVANCES FROM LIQUIDATORS 524298 5983215 5983215 0 0 0 0 0 0 36741752 2153850 2153850 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38895602 38895602 0 0 0 0 0 0 0 0 0 0 1109499 0 1109499 0 0 0 0 0 764545 0 764545 0 129714 0 129714 0 76040 0 76040 0 116753 0 116753 0 0 0 0 0 1183629 631472 552157 0 198292 0 198292 0 75500 0 75500 0 0 0 287632 0 287632 0 232284 0 232284 0 0 0 0 0 96961 1239 95722 0 275230 0 275230 0 0 0 0 0 225738 0 225738 0 47688 0 47688 0 0 0 0 0 4354 0 4354 0 0 0 0 0 0 0 0 0 41166 0 41166 0 80537 0 80537 0 REFUND MEMBER ASSESSMENTS 26246710 26246710 0 0 CLAIM PAYMENTS TO POLICYHOLDERS 12639150 12639150 0 0 UNEARNED PREMIUM PAYMENTS 194 194 0 0 MEMBERSHIP DUES & MISC EXPENSES 724805 535668 189137 0 44556421 40054433 4501988 0 122042 1198 669888 921532 0 0 6998102 31045333 0 0 0 0 0 0 0 0 232346 279740 368655 186967 113092 181688 0 0 0 0 130222192 126450683 0 0 497156 493951 138854818 159374125 2300877 2084803 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3458188 29854388 5759065 31939191 X 0 0 0 0 133095753 127434934 133095753 127434934 138854818 159374125 -5660819 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 31885 26509 5376 0 245474 126185 119289 0 91296 34273 57023 181688 U.S. government obligations 44891777 F Non-U.S. government obligations 5911878 F Mortgage-backed securities 2606461 F Asset-backed securities 14938669 F Corporate obligations 56994853 F States, municipalities and political subdivisions 1107045 F 126450683 0 Outstanding checks payable 2620669 Return Assessments Payable - Auto Account 648015 Return Assessments Payable - Other Account 26585704 29854388 39871912 0 0 0 976310 976310 38895602 0 0 0 38895602 45532731 0 0 0 0 0 45532731 0 -976310 -976310 44556421 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 unrelated business income. The Guaranty Fund has no unrelated business income and has therefore made no provision for federal or state income taxes 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 203168 0 0 0 336 0 31164 0 20392 0 255060 0 0 0 LaToya Hines Controller 135653 0 0 0 207 0 20717 0 17129 0 173706 0 0 0 Gregory Jankowski Claims Director 159748 0 0 0 2086 0 24627 0 31369 0 217830 0 0 0 Valerie McGregor Claims Director 130498 0 0 0 1679 0 20603 0 32215 0 184995 0 0 0 Gerald Gorak Senior Claims Examiner 116284 0 0 0 1400 0 17766 0 14834 0 150284 0 0 0 Richard Andresen Senior Claims Examiner 108285 0 0 0 2149 0 16632 0 16935 0 144001 0 0 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 of 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. The Committee reports to the Board for approval 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.