OSD Mission Statement
The Office of the Special Deputy Receiver represents the Director of Insurance of the State of Illinois in managing all Illinois insurance companies in receivership. Our mission is maximization of assets, the fair disposition of claims, and timely delivery of assets to creditors.
OSD Latest News
OSD Contact Information: Please direct your inquiries by e-mail (click on "Contact Us" at the top of this page) or by phone at 312-836-9500.
Legion Indemnity Company - Based upon our best estimates and barring any unforeseen circumstances, the Special Deputy Receiver expects that a second dividend of 10% will be distributed by May 31, 2012 on timely filed claims allowed at the policyholder priority level (d) of the Illinois statutory distribution scheme. This action, combined with the 90% distribution at priority level (d) previously made in 2011, will bring the total distribution at priority level (d) to 100%. This Good Faith Estimate is based upon information available and the circumstances known at the time that it was made. Before relying on this estimate in making any decisions, be aware that the underlying facts and circumstances upon which it is based are subject to change.
Reassurance Health, Inc. and Reassurance Health Insurance Company - On April 11, 2012 Judge Peter Flynn of the Circuit Court of Cook County, IL entered an Order of Liquidation against Reassurance Health, Inc. and Reassurance Health Insurance Company.
United Capitol Insurance Company - On March 29, 2012, a 100% dividend distribution in the amount of $1,173,427 was made on all timely-filed claims allowed at the level (e) policyholder priority level.
Enfield Farmers Mutual Insurance Company - On February 24, 2012, the court supervising the liquidation proceedings entered an order approving procedures and deadlines for the filing of claims ("the Claim Filing Order"). The Claim Filing Order sets May 16, 2012 as the final date by which a timely proof of claim may be filled. For complete claim filing details, please click on the following: Claim Filing Order.
Real Estate Sales:
Among the assets owned by Coronet Insurance Company is title to certain vacant real property located in Spring Green, Wisconsin. Spring Green is located in the scenic Wisconsin River Valley, thirty-five miles west of Madison. The property consists of sixty-eight individual residential lots which sit adjacent to and around the House on the Rock Resort and Golf Course. The lots vary in size averaging about one-acre each. Half of the lots are ready to be developed having paved roads and underground utilities (water, sewer, natural gas, telephone and electricity). The remaining lots are mainly wooded, but do have access to the underground utilities. In addition to the golf course and resort, the area has several other well known attractions such as The American Players Theatre, Frank Lloyd Wright’s Taliesin, the House on the Rock and the Wisconsin Dells.
The lots are for sale, preferably in-bulk, but individual lot sales will be considered. If anyone is interested, contact Dale Coonrod at the Office of the Special Deputy. Telephone number: (312) 836-9514. E-mail address: dcoonrod@osdchi.com.
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