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
Legion Indemnity Company - Based upon best estimates and barring any unforeseen circumstances, the Liquidator expects that a dividend of 16% will be distributed by the end of the 2nd quarter of 2016 on all late-filed claims that have previously been presented to the Supervising Court and allowed at the policyholder priority level “d” of the Illinois statutory distribution scheme. This Good Faith Estimate is based upon information available and the circumstances known at the time it was made, utilizing the current cash available for priority level “d” creditors and does not contemplate any of the potential reinsurance recoverable on paid loss and loss adjustment expense, the timing and amount of which is currently unknown. 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.
Affirmative Insurance Company - On March 24, 2016, an Order of Liquidation With A Finding of Insolvency was entered against Affirmative Insurance Company (“Affirmative”) by the Circuit Court of Cook County, Illinois pursuant to the provision of Article XIII of the Illinois Insurance Code, 215 ILCS5/187 et. seq.