2013-05-13T11:35:21-07:00 2012-12-31 990 2012-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 120 South La Salle Street Suite 1910 Chicago IL 60603 Anne Sharp 3124229700 2013-05-13 2012 2016-02-25 16:41:14Z Anne A Sharp 120 South La Salle Street Suite 1910 Chicago IL 60603 22691545 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. 9 9 15 0 0 0 0 0 33219843 21773641 1841749 917904 0 0 35061592 22691545 0 0 0 0 2042012 2092743 0 0 0 29993609 27320550 32035621 29413293 3025971 -6721748 123636570 117513595 18575752 19408793 105060818 98104802 To protect against loss, due to insolvency of insurance companies, of the coverage and unearned premiums of policyholders of insurance companies writing business in the State of Illinois. 0 0 25622620 0 21773641 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 25622620 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 1 264 0 1 15 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 IL X Timothy Schotke 3124229700 120 South La Salle Street Suite 1910 Chicago IL 60603 Brad Roeber 0 0 X 0 0 0 John Mathews 0 0 X 0 0 0 Stacie Graham 0 0 X 0 0 0 Joyce Hall Mellinger 0 0 X 0 0 0 Cathy Wallace 0 0 X 0 0 0 John Washburn 0 0 X 0 0 0 Randy Seiner 0 0 X 0 0 0 Michelle Miller 0 0 X 0 0 0 Miles Kilcoin 0 0 X 0 0 0 Anne A Sharp 40 0 X X X 238648 0 46549 Timothy Schotke 40 0 X X 101779 0 18874 Gregory Jankowski 40 0 X 122285 0 39852 Raymond L Fleming 40 0 X 152958 0 42730 Gerald Gorak 40 0 X 101089 0 25457 716759 0 173462 5 0 1 0 Locke Lord LLP 111 South Wacker Drive Chicago IL 60606 Legal Services 728829 Lightspeed Data Solutions Inc 6330 San Vicente Boulevard Suite 245 Los Angeles CA 90048 Technology consulting 232199 JP Morgan Chase Bank NA 21591 Network Place Chicago IL 60673 Financial services 198058 Ronald J Lucaccioni LTD 20 South Clark Street Suite 1700 Chicago IL 60603 Legal Services 135746 Hall Prangle & Schoonveld LLC 200 South Wacker Drive 3300 Chicago IL 60606 Legal Services 134943 7 0 Membership Assessments 524298 2000000 2000000 0 0 Advances from Liquidators 524298 19773641 19773641 0 0 0 0 0 0 21773641 917904 917904 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 22691545 22691545 0 0 0 0 0 0 0 0 0 0 885493 0 885493 0 0 0 0 0 624877 0 624877 0 93191 0 93191 0 391630 0 391630 0 97552 0 97552 0 0 0 0 0 780806 326825 453981 0 112554 0 112554 0 0 0 0 0 0 0 182656 0 182656 0 120961 0 120961 0 0 0 0 0 73956 2064 71892 0 284379 0 284379 0 0 0 0 0 265896 0 265896 0 23805 0 23805 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13753 0 13753 0 31987 0 31987 0 Refund of Member Assessments 14291990 14291990 0 0 Claims Payments to Policy Holders 10815129 10815129 0 0 Unearned Premium Payments 186612 186612 0 0 Membership Dues and Miscellaneous Expenses 136066 0 136066 0 29413293 25622620 3790673 0 0 0 56603334 74449533 0 0 19221478 153440 0 0 0 0 0 0 0 0 25384 25745 435957 398658 33429 37299 0 0 0 0 47284400 42442115 0 0 468545 405463 123636570 117513595 2186079 2460330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16389673 16948463 18575752 19408793 X 0 0 0 0 105060818 98104802 105060818 98104802 123636570 117513595 X -6721748 0 0 0 0 -234268 X 0 1 X 1 0 0 0 0 0 0 0 0 0 24384 24384 0 0 411573 374274 37299 0 0 0 0 37299 Mortgage-backed Securities 29662429 F Asset-backed Securities 9148823 F Corporate and other Short-term Bonds 3630863 F 42442115 0 Return Assessment Payable - Auto Account 2833915 Return Assessment Payable - Other Account 11879838 Outstanding Checks Payable 2234710 16948463 22879040 0 0 0 187495 187495 22691545 0 0 0 22691545 29600788 0 0 0 0 0 29600788 0 -187495 -187495 29413293 SchD_P10_S00_L01 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 provision of 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. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d This amount represents expense recoveries. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b This amount represents expense recoveries. X X X 0 0 0 Anne A Sharp 232136 0 0 0 6512 0 36131 0 10419 0 285198 0 274990 0 Raymond L Fleming 150931 0 0 0 2027 0 23161 0 19569 0 195688 0 188499 0 Gregory Jankowski 121281 0 0 0 1001 0 18948 0 20904 0 162134 0 154512 0 Gerald Gorak 100304 0 0 0 785 0 15446 0 10011 0 126546 0 122058 0 Timothy Schotke 101668 0 0 0 111 0 15401 0 3473 0 120653 0 102419 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Members are the 1067 insurance companies licensed to write Property/Casualty insurance in the State of Illinois. F990_P06_S0A_L07a 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 the approval of the Director of Insurance of the State of Illinois. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b This applies only to the approval of directors. Upon election to 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. F990_P06_S0A_L08b Form 990, Part VI, Section A, Line 8b All committee meeting have counsel in attendance to advise on anti-trust 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. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the General Counsel and outside counsel. After this 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. F990_P06_S0B_L12c 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 Legal Committee of the Board reviews these statements to ensure compliance with the policy. F990_P06_S0B_L15 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. F990_P06_S0C_L19 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, and are available there as public documents. The conflict of interest policy is available by contacting Illinois Insurance Guaranty Fund. F990_P11_S00_L09 Form 990, Part XI, Line 9 This amount represents a reserve for uncollectable assessments which reduces Net Assessments Receivable and is reported in Illinois Insurance Guaranty Fund's audited financial statements as Net Assessments Payable.