OSD Mission Statement
The Office of the Special Deputy Receiver (OSD) represents the Director of Insurance for 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
Oak Casualty Insurance Company - On January 15, 2010, the Supervising Court entered an order establishing a second claim-filing deadline of June 30, 2010 for purposes of participating in a distribution of surplus assets existing subsequent to payment having been made, in full, on allowed claims filed as of the original claim-filing deadline of November 19, 2003. Requests for proof of claim forms... See more
On January 15, 2010, Life Services Network Trust added a Frequently Asked Questions section on the company page. See LSN Trust FAQ
American Unified Life and Health Ins. Co. - On December 16, 2009, the Supervisor Court entered an order approving a prorated distribution of estate's assets, at the rate of 6.1879%, on all claims allowed at level (d) of the statutory distribution schedule. The court's order also terminated the liquidation proceedings and closed the estate.
The Special Deputy and other OSD officers presented "Answering the Challenges of Receivership Modernization" in an IAIR meeting at the NAIC conference in October 2009.