2013-07-29T16:30:02-07:00 2012-12-31 990 2012-01-01 237304306 MASSACHUSETTS INSURERS INSOLVENCY FUND MASS 6172277020 One Bowdoin Square Boston MA 021142916 Paul Gulko 6172277020 2013-07-30 2012 2016-02-24 21:20:13Z Paul M Gulko One Bowdoin Square Boston MA 02114 105785847 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 40259310 12930745 2932121 3424519 0 0 43191431 16355264 0 0 18557577 9707233 0 0 0 0 0 3292670 3196290 21850247 12903523 21341184 3451741 151228364 154680105 0 0 151228364 154680105 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 9707233 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 9707233 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 1 288 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 James J Moran Jr 1.0 0 X 0 0 0 William Cahill 1 0 X 0 0 0 Joanne Locke 1 0 X 0 0 0 Maura Travers 1 0 X 0 0 0 William J Begley Jr 1 0 X 0 0 0 Diane Choate 1 0 X 0 0 0 Douglas Ryder 1 0 X 0 0 0 Eileen Currie 1 0 X 0 0 0 Savid Sutera 1.0 0 X 0 0 0 0 0 0 0 0 0 0 Progessive Medical Inc PO Box 631480 Cincinnati OH 45263 Prescription drug service 1239996 Kelly Bros Agency Inc PO Box 424 Dedham MA 02027 Attendant care services 328251 Nixon Peabody PO Box 28012 New York NY 10087 Legal 243695 Corvel Corp PO Box 842552 Boston MA 02284 Medical Bill Review 124983 MSC Group Inc PO Box 677461 Dallas TX 75267 Medical supply provider 100562 5 0 Member assessment 524298 2551834 2551834 0 0 Recovery 524298 10378911 10378911 0 0 0 0 0 0 12930745 3148738 3148738 0 0 0 0 0 0 0 0 0 0 0 0 89706364 0 89430583 0 275781 0 275781 275781 0 0 0 16355264 16355264 0 0 0 0 0 9707233 0 0 0 0 0 0 2320102 792984 43375 0 0 0 0 0 0 0 0 0 5483 0 0 0 0 0 10730 Administrative expense 1114 Miscellaneous 22502 12903523 0 0 0 9479392 2507335 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 141748972 152172770 0 0 0 0 0 0 0 0 151228364 154680105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 151228364 154680105 151228364 154680105 151228364 154680105 3451741 0 0 0 0 0 X 0 1 1 0 13259532 0 0 0 0 0 13259532 0 3095732 3095732 16355264 12145538 0 0 0 0 0 12145538 0 757985 757985 12903523 SchD_P11_S00_L04b Schedule D, Part XI, Line 4b The Massachusetts Insurers Insolvency Fund has audited financial statement under the modified cash basis of accounting. The amount under Other reflects the net adjustments to convert the financial statements from the modified cash basis of accounting to the cash basis of accounting. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b The Massachusetts Insurers Insolvency Fund has audited financial statement under the modified cash basis of accounting. The amount under Other reflects the net adjustments to convert the financial statements from the modified cash basis of accounting to the cash basis of accounting. F990_P06_S0A_L03 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 and casualty insurance guaranty associations. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The Massachusetts Insurers Insolvency Fund's members are licensed property and casualty insurance companies which write insurance covered under the Massachusetts Insurers Insolvency Fund Act. F990_P06_S0A_L07a 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 F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b For any changes to the Plan of Operation. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Accountant prepares the return. It is reviewed by the CFO and the President of GFMS. Outside tax professionals are consulted as needed. F990_P06_S0B_L13 Form 990, Part VI, Section B, Line 13 As a member of Guaranty Fund Management Services, the Massachusetts Insurers Insolvency Fund is subject to GFMS' whistleblower policy F990_P06_S0C_L19 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 Commissioner of Insurance. The financial statemetns and the Plan of Operation are the the website.