2014-08-15T12:31:18-07:00 2013-12-31 990 2013-01-01 237304306 MASSACHUSETTS INSURERS INSOLVENCY FUND MASS 6172277020 One Bowdoin Square Boston MA 021142916 Paul Gulko Manager 6172277020 2014-08-15 2013 2015-11-30 17:44:51Z Paul M Gulko One Bowdoin Square Boston MA 02114 116212894 0 X www.gfms.org X 1972 MA During the year the Association provided protection to policyholders & claimants of insolvent insurers in accordance with the Massachusetts state statute, Chapter 1 75 D, G. L. Mass., enacted as Chapter 261, Laws 1970. 9 9 0 0 0 0 0 0 12930745 21214791 3424519 1693942 0 0 16355264 22908733 0 0 9707233 11557821 0 0 0 0 0 3196290 3271010 12903523 14828831 3451741 8079902 154680105 162760007 0 0 154680105 162760007 Protect the policyholders & claimants of insolvent insurers in accordance with state statute, Chapter 1 75D, G. L. Mass., enacted as Chapter 261, Laws 1970. 0 0 11557821 0 0 During the year the Association provided protection to policyholders and claimants of insolvent insurers in accordance with the Massachusetts state statute. 0 0 0 11557821 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 297 0 1 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 0 1 0 0 1 0 0 0 0 X Guaranty Fund Management Services 6172277020 One Bowdoin Square Boston MA 021142916 X James J Moran Jr Chair 1 X 0 0 0 William Cahill Vice Chair 1 X 0 0 0 Joanne Locke Board Member 1 X 0 0 0 Maura Travers Board Member 1 X 0 0 0 William J Begley Jr Board Member 1 X 0 0 0 Diane Choate Board Member 1.00 X 0 0 0 Douglas Ryder Board Member 1.00 X 0 0 0 Eileen Currie Board Member 1.00 X 0 0 0 Savid Sutera Board Member 1 X 0 0 0 0 0 0 0 0 0 0 Progessive Medical Inc PO Box 631480 Cincinnati OH 45263 Prescription drug service 1524656 Kelly Bros Agency Inc PO Box 424 Dedham MA 02027 Attendant care services 494938 Nixon Peabody PO Box 28012 New York NY 10087 Legal 985988 Lubin & Meyer PC 100 City Hall Plaza 4th Floor Boston MA 02108 Legal 875185 Bates White LLC 1300 Eye Street NW Suite 600 Washington DC 20005 Consulting 329024 7 0 Member Assessments 524298 19959510 19959510 0 0 Recovery 524298 1255281 1255281 0 0 0 0 0 0 21214791 2368411 2368411 0 0 0 0 0 0 0 0 0 0 0 0 92629692 0 93304161 0 -674469 0 -674469 -674469 0 0 0 22908733 22908733 0 0 0 0 11557821 0 0 0 0 0 0 2048107 1071528 15800 0 0 0 0 0 0 0 0 0 11498 0 0 0 0 0 12330 Administrative fee 444 NCIGF fee 91226 Miscellaneous 20077 14828831 0 0 0 2507335 5393497 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 152172770 157366510 0 0 0 0 0 0 0 0 154680105 162760007 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 154680105 162760007 154680105 162760007 154680105 162760007 8079902 0 0 0 0 0 X 0 1 X 1 0 23140256 0 0 0 231523 231523 22908733 0 0 0 22908733 14490971 0 0 0 0 0 14490971 0 337860 337860 14828831 Schedule D, Part XI, Line 2d the Massachusetts Insurers Insolvency Fund has audited financial statements under the Modified-Cash Basis of accounting. The amount under Other reflects the net adjustments to convert the financial statement from the Modified-Cash Basis of accounting to the Cash Basis of accounting. Schedule D, Part XII, Line 4b The Massachusetts Insurers Insolvency Fund has audited financial statements under the Modified-Cash Basis of accounting. The amount under Other reflects the net adjustments to convert the financial statement from the Modified-Cash Basis of accounting to the Cash Basis of accounting. Form 990, Part VI, Section A, Line 3 The Massachusetts Insurers Insolvency Fund's management duties are provided by Guaranty Fund Management Services (GFMS), a 501(c)(6) organization to provide claims, administration, accounting and management functions for eight Property & Casualty Insurance Guaranty Associations. Form 990, Part VI, Section A, Line 6 The Massachusetts Insurers Insolvency Fund's members are licensed Property & Casualty Insurance Companies which write insurance covered under the Massachusetts Insurers Insolvency Fund Act. Form 990, Part VI, Section A, Line 7a The members of the governing body, the board of directors, are elected by the Insurance Companies that are members of the Massachusetts Insurers Insolvency Fund. Form 990, Part VI, Section A, Line 7b For changes to the "Plan of Operation." Form 990, Part VI, Section B, Line 11b The Accountant prepares the return. It is reviewed by the Accounting Supervisor and the CFO of GFMS. Outside Tax Professionals are consulted as needed. Form 990, Part VI, Section C, Line 19 The annual report of the Massachusetts Insurers Insolvency Fund is mailed to all of its members and the Commission of Insurance. The Financial Statements and the Plan of Operation of the Massachusetts Insurers Insolvency Fund are on GFMS' website. We received an approved form 8868