Illinois Bowlers Trust Insurance Termination Notice to Claimants
Illinois Bowlers Trust Insurance Termination Notice to Policyholders
Progress Report December 12, 2012
Statement of Affairs as of December 31, 2012
Receivership Petitions and Orders
Statement of Changes in Cash and Invested Assets
Contact OSD Staff

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.

On January 26, 2012, an Order of Rehabilitation with a Finding of Insolvency was entered against Illinois State Bowling Proprietors’ & Recreational Industry Workers’ Compensation Trust by the Circuit Court of Cook County, Illinois. In connection therewith, the Court has ordered that the Trust be placed in Rehabilitation in accordance with Article XIII of the Illinois Insurance Code, 215 ILCS 5/187, et seq.

The Trust was organized pursuant to the Workers’ Compensation Pool Law, 215 ILCS 5/107a.01 et seq., and as such, is not a member company of the Illinois Insurance Guaranty Fund. Guaranty fund protections are accordingly not available to Illinois Bowling Trust policyholder members or claimants.

Claims for losses occurring on or before January 26, 2012 are subject to a temporary moratorium on payment, until a Rehabilitation Plan is presented to and approved by the Court. However, under the terms of the applicable provisions of the Rehabilitation Order, during the moratorium period, claims for temporary total disability payments, temporary partial disability payments and prospective emergency medical treatment for an injured worker of a trust beneficiary will continue to be paid by the Trust as hardship claims at the rate of seventy percent (70%) of the amount due or past due, subject to true-up with the terms of any Rehabilitation Plan that is subsequently approved by the Supervisory Court. Claimants may also be entitled to receive additional compensation toward satisfaction of their claims from the Group Workers Compensation Pool Insolvency Fund pursuant to 215 ILCS 5/107a.13.

The Trust will continue to defend claims against its policyholder members, subject to the provisions of the Order of Rehabilitation and any Rehabilitation Plan that is subsequently approved by the Court. New covered claims and requests for additional information should be directed to the Rehabilitator c/o The Office of the Special Deputy Receiver ("OSD") through our website at www.osdchi.com, by mail to Illinois Bowling Proprietors’ & Recreational Industry Workers’ Compensation Trust, In Rehabilitation, 222 Merchandise Mart Plaza, Suite 1450, Chicago, Illinois 60654, or by calling OSD at (312) 836-9500.