2011-05-10T11:42:20-07:00 2010-12-31 990 2010-01-01 362737437 ILLINOIS INSURANCE GUARANTY FUND ILLI 3124229700 120 South LaSalle Street Suite 1910 Chicago IL 60603 Anne Sharp 3124229700 2011-05-10 2010 2016-02-24 21:20:13Z Anne A Sharp - Executive Director 120 South LaSalle Street Suite 1910 Chicago IL 60603 21832130 0 X X Illinois Insurance Guaranty Fund is a statutorily mandated organization. 1971 IL Protect policyholders of insurance companies doing business in Illinois against loss in the event of insolvency of the insurance company. 9 9 18 0 0 0 0 0 12960084 19412987 3012805 2419143 0 0 15972889 21832130 0 0 0 0 2338167 2088331 0 0 0 24861970 16313332 27200137 18401663 -11227248 3430467 113012506 112047176 14408126 10012329 98604380 102034847 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 14999188 0 19412987 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 14999188 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 0 1 250 0 1 18 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 X Timothy Schotke 3124229700 120 South LaSalle Street Suite 1910 Chicago IL 60603 Peter Borowski 0 X 0 0 0 Joseph Meils 0 X 0 0 0 Michelle Miller 0 X 0 0 0 John Mathews 0 X 0 0 0 Cathy Wallace 0 X 0 0 0 Randy Seiner 0 X 0 0 0 Bradley Roeber 0 X 0 0 0 Joyce Hall Mellinger 0 X 0 0 0 John Washburn 0 X 0 0 0 Anne A Sharp 40 X X X 224384 0 45150 Bruce Moser 40 X X X 111428 0 39820 Timothy Schotke 40 X X 26796 0 6444 Raymond Fleming 40 X 146014 0 36708 Gregory Jankowski 40 X 112799 0 38756 621421 0 166878 4 1 1 0 Locke Lord Bissell Liddell 111 South Wacker Drive Chicago IL 60606 Legal 525850 Lightspeed Data Solutions Inc 6330 San Vicente Blvd Los Angeles CA 90048 Information Technology 246131 JPMorgan Chase 10 South Dearborn Chicago IL 60603 Investment Management Fees 188950 Corvel Corporation 3010 Highland Parkway Suite 600 Downers Grove IL 60515 Medical Bill Review 116011 4 0 Membership Assessments 524298 1500000 1500000 0 0 Advances from Liquidators 524298 17912987 17912987 0 0 0 0 0 0 19412987 2419143 2419143 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 21832130 21832130 0 0 0 0 0 0 0 0 0 0 780423 0 780423 0 0 0 0 0 729113 0 729113 0 111340 0 111340 0 365086 0 365086 0 102369 0 102369 0 0 0 0 0 386451 162534 223917 0 100995 0 100995 0 0 0 0 0 0 0 188950 0 188950 0 0 0 0 0 0 0 0 0 -262245 -323352 61107 0 254253 0 254253 0 0 0 0 0 293014 0 293014 0 23803 0 23803 0 0 0 0 0 2093 0 2093 0 0 0 0 0 0 0 0 0 14232 0 14232 0 35119 0 35119 0 Refund of Member Expenses 6524501 6524501 0 0 Claims Payments to Policyholders 8623410 8623410 0 0 Unearned Premium Payments 12095 12095 0 0 Membership Dues 109768 0 109768 0 6893 0 6893 0 18401663 14999188 3402475 0 0 0 52109939 59541799 -1291955 -96967 468425 436428 33674 31997 0 0 61137095 51960811 1023753 609536 113012506 112047176 1941185 2028315 12466941 7984014 14408126 10012329 X 0 0 0 0 98604380 102034847 98604380 102034847 113012506 112047176 3430467 0 X 0 1 1 X 0 0 0 0 0 0 0 0 0 24384 24384 0 0 444041 412044 31997 0 0 0 0 31997 Mortgage-backed Short-term Bonds 43053644 F Asset-backed Short-term Bonds 8895981 F Corporate & Other Short-term Bonds 11186 F 51960811 0 Return Assessments Payable - Other 5542218 Return Assessments Payable - Auto 1250946 Outstanding Checks Payable 1190850 7984014 21832130 18401663 3430467 0 0 0 0 0 0 3430467 22100793 0 0 0 268663 268663 21832130 0 0 0 21832130 18670326 0 0 0 268663 268663 18401663 0 0 0 18401663 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 provisions of Illinois statute, 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_P12_S00_L02d Schedule D, Part XII, Line 2d This amount represents expense recoveries. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d This amount represents expense recoveries. X X 0 0 0 Anne A Sharp 221224 0 0 0 3160 0 34140 0 11010 0 269534 0 263202 0 Raymond Fleming 144129 0 0 0 1885 0 21920 0 14788 0 182722 0 178086 0 Gregory Jankowski 112046 0 0 0 753 0 17485 0 21271 0 151555 0 136444 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Members are the 1064 companies authorized 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 on the State of Illinois. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b This applies only to 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 meetings 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_L11a Form 990, Part VI, Section B, Line 11a 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.