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
On January 27, 2012, the OSD withdrew its Fixed Income Investment Advisor RFP.
Enfield Farmers Mutual Insurance Company - On January 24, 2012 an Agreed Order of Liquidation was entered against Enfield Farmers Mutual Insurance Company. The court's order includes the immediate cancellation of all in-force policies of insurance.
Legion Indemnity Company - On December 28, 2011, the Supervising Court approved a 90% dividend distribution on timely-filed and allowed claims at the policyholder priority level (d), of the Illinois statutory distribution scheme, in the amount of $37,473,049.36.
Illinois State Bowling Proprietors & Recreational Industry Workers' Compensation Trust - On October 24, 2011, Illinois State Bowling Proprietors & Recreational Industry Workers' Compensation Trust was placed in conservation by the Circuit Court of Cook County, Illinois, subject to an Order of Sequestration or confidentiality. On December 5, 2011, the Order of Sequestration was vacated. The Order of Conservation remains in place.
Gallant Insurance Company - On December 6, 2011, an order was entered approving a final distribution of $958,938.70 on timely filed claims allowed at level (g) of the distribution schedule, at the prorated dividend rate of 39.9581%. The court's order also terminated the liquidation proceeding and closed the estate.
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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