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
Affirmative Insurance Company - On March 24, 2016, an Order of Liquidation With A Finding of Insolvency was entered against Affirmative Insurance Company (ďAffirmativeĒ) 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.
Affirmative Insurance Company - A status hearing was held on March 17, 2016 on the Verified Complaint for Liquidation filed against Affirmative. The Court was advised that Affirmative had failed to file an answer to the Complaint and was in default. The Court then entered an order continuing the Complaint for further status and hearing on March 24, 2016.
Affirmative Insurance Company - Anne Melissa Dowling, Acting
Director of Insurance of the State of Illinois, in her capacity as
statutory and court-affirmed Rehabilitator of Affirmative Insurance
Company ("AIC") filed AICís 2015 Annual Statement, reporting an
insolvency in excess of $30 million. A
Complaint for Liquidation
with a Finding of Insolvency was also filed on March 1 with the Illinois
As a consequence of these filings, the Rehabilitator is required to immediately place a moratorium on further claim payments, including the return of unearned premium. The moratorium went into effect March 1, 2016. Claim checks and other payments that were issued by the Rehabilitator and mailed through February 29, 2016, will continue to be honored by AICís banks. Director Dowling expects that it will take approximately two weeks to obtain an Order of Liquidation from the Supervising Court.
AIC currently has policies in-force in AL, CA, IL, IN, LA, MO and TX. Upon entry of an Order of Liquidation, AICís in-force polices will be immediately cancelled, subject to the provision of thirty days of continuing coverage afforded under each stateís property & casualty guaranty fund act. E.g., 215 ILCS 5/537.2.
Additional information concerning AIC can be found here or by contacting the Office of the Special Deputy Receiver 312-836-9500.