2015-04-22T13:50:05-07:00 2014-12-31 990 2014-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 120 South La Salle Street Suite 1910 Chicago IL 60603 Timothy Schotke Executive Director 3124229700 2015-04-22 2014 2016-02-25 16:41:14Z X Tim Schotke 120 S La Salle Street Suite 1910 Chicago IL 60603 58608575 0 X http://iigf.ncigf.org/home X State Insurance Guaranty Association 1971 IL Protect policyholders of insurance companies doing business in Illinois against loss in the event of insolvency of the insurance company. 10 10 18 0 0 0 0 0 53221508 56994356 146163 1614219 0 0 53367671 58608575 0 0 0 0 2000839 2277704 0 0 0 38743626 27563680 40744465 29841384 12623206 28767191 116280261 144116802 5317985 4387335 110962276 139729467 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 25719948 0 56994356 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 25719948 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 18 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 Locke 3124229700 120 South La Salle Street Suite 1910 Chicago IL 60603 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 John Washburn 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 Anne A Sharp Executive Director 40 0 X X 277792 0 55841 Timothy Schotke Chief Operating Officer 40 0 X X 146047 0 35567 LaToya Locke Controller 40 0 X 71461 0 12379 Gregory Jankowski Claims Director 40 0 X 133966 0 48369 Raymond L Fleming Claims Director 40 0 X 162105 0 55820 Gerald Gorak Claims Examiner 40 0 X 108440 0 29329 899811 0 237305 5 0 1 0 Locke Lord LLP 111 South Wacker Drive Chicago IL 60606 Legal Services 763735 PAYDEN AND RYGEL 333 SOUTH GRAND AVENUE 32ND FLOOR LOS ANGELES CA 90071 INVESTMENT PORTFOLIO MANAGEMENT 238454 Lightspeed Data Solutions Inc 6330 San Vicente Boulevard Suite 245 Los Angeles CA 90048 Technology consulting 232594 CORVEL CORPORATION 3504 LAKE LYNDA DR 300 ORLANDO FL 32817 MEDICAL BILL REVIEW 222220 Professional Staffing Services PO Box 82 West Dundee IL 60118 Temporary Staffing 131135 7 0 MEMBERSHIP ASSESSMENTS 524298 39230893 39230893 0 0 ADVANCES FROM LIQUIDATORS 524298 17763463 17763463 0 0 0 0 0 0 56994356 1614219 1614219 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58608575 58608575 0 0 0 0 0 0 0 0 0 0 1132515 0 1132515 0 0 0 0 0 817860 0 817860 0 124695 0 124695 0 77285 0 77285 0 125349 0 125349 0 0 0 0 0 793118 326688 466430 0 141045 0 141045 0 0 0 0 0 0 0 190454 0 190454 0 136582 0 136582 0 0 0 0 0 95891 1570 94321 0 252412 0 252412 0 0 0 0 0 297137 0 297137 0 38231 0 38231 0 0 0 0 0 9141 0 9141 0 0 0 0 0 0 0 0 0 15039 0 15039 0 41482 0 41482 0 REFUND MEMBER ASSESSMENTS 7082291 7082291 0 0 CLAIM PAYMENTS TO POLICYHOLDERS 18283132 18283132 0 0 UNEARNED PREMIUM PAYMENTS 26267 26267 0 0 MEMBERSHIP DUES AND MISC EXPENSES 161458 0 161458 0 29841384 25719948 4121436 0 2097677 240493 5142391 5636330 0 0 20000000 32107506 0 0 0 0 0 0 0 0 39401 99257 443925 407877 38905 36048 0 0 0 0 88634653 105581606 0 0 327234 415562 116280261 144116802 2588176 2356145 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2729809 2031190 5317985 4387335 X 0 0 0 0 110962276 139729467 110962276 139729467 116280261 144116802 28767191 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 24384 24384 0 0 257462 226716 30746 0 162079 156777 5302 36048 U.S. government obligations 35337899 F Non-U.S. government obligations 3296956 F Mortgage-backed securities 4702741 F Asset-backed securities 10327997 F Corporate obligations 51916013 F 105581606 0 Outstanding checks payable 1404367 Return Assessment Payable - Other Account 576839 Return Assessment Payable - Auto Account 49984 2031190 58649671 0 0 0 41096 41096 58608575 0 0 0 58608575 29882480 0 0 0 0 0 29882480 0 -41096 -41096 29841384 Schedule D, Part X, Line 1 The Guaranty Fund is exempt from federal income taxes under 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 Anne A Sharp Executive Director 273486 0 0 0 4306 0 41964 0 13877 0 333633 0 0 0 Timothy Schotke Chief Operating Officer 145807 0 0 0 240 0 22141 0 13426 0 181614 0 0 0 LaToya Locke Controller 71346 0 0 0 115 0 8729 0 3650 0 83840 0 0 0 Gregory Jankowski Claims Director 132815 0 0 0 1151 0 20704 0 27665 0 182335 0 0 0 Raymond L Fleming Claims Director 159647 0 0 0 2458 0 24791 0 31029 0 217925 0 0 0 Gerald Gorak Claims Examiner 107578 0 0 0 862 0 16426 0 12903 0 137769 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 his 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 the General Counsel and 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.