Office of the Special Deputy Receiver

Representing Jennifer Hammer Director of the Illinois Department of Insurance

and Special Deputy Receiver

Triad Guaranty Insurance Corporation ("Triad") and Triad Guaranty Assurance Corporation ("TGAC")

Welcome to the webpage for Triad Guaranty Insurance Corporation and Triad Guaranty Assurance Corporation. On December 11, 2012, Triad Guaranty Insurance Corporation and Triad Guaranty Assurance Corporation were ordered into rehabilitation. Jennifer Hammer, Director of Insurance of the State of Illinois, is the statutory and court-affirmed Rehabilitator. By Illinois law, the Director may appoint a Special Deputy Receiver to administer the receivership. The Office of the Special Deputy Receiver has been appointed to assist in the day-to-day administration of the rehabilitation proceedings under the direction of the Director. Here is additional information on Triad Guaranty Insurance Corporation and Triad Guaranty Assurance Corporation:
   
Rehabilitation Date: December 11, 2012
Claims Filing Deadline: N/A
Contingent Claims Filing Deadline: N/A
   
Docket Number: 12 CH 43895
  Click here to view the Triad and TGIC docket and upcoming court dates maintained by the Clerk of the Supervising Court.
Related Documents and Links:  
FAQ Regarding Plan of Rehabilitation
Financial Statements and Independent Auditors' Report
Plan of Rehabilitation
Receivership Pleadings and Orders
Statement of Affairs
Statement of Changes in Cash and Invested Assets
Triad Notice of Hearing
Triad Notice of Hearing to Claimants
Contact OSD Staff

Latest News:  

   
Historical Data: Check the NAIC Global Receivership Information Database ("GRID") for  additional data on insurance companies in receivership.

On December 11, 2012, Triad Guaranty Insurance Company and Triad Guaranty Assurance Corporation were placed into Rehabilitation by the Circuit Court of Cook County, Illinois.

On July 22, 2013, the Rehabilitator filed his Petition for Approval of Plan of Rehabilitation for Triad Guaranty Insurance Corporation, and Memorandum in Support, with the Clerk of the Circuit Court of Cook County, Illinois. A copy of these documents are located on Triad’s Proposed Plan of Rehabilitation link.

On October 29, 2013, the Supervisory Court approved the Rehabilitator’s Plan of Rehabilitation for Triad Guaranty Insurance Corporation (“TGIC”). Under the terms of the Plan of Rehabilitation, claims for loss, unearned premium and return of premium will be paid at the rate of 75% of the amount determined to be due, and a deferred payment obligation (“DPO”) will be recorded for the remaining 25% of the amount due. Outstanding DPOs, which were recorded by TGIC prior to approval of the Plan of Rehabilitation on loss claims that were previously paid at the rate of 60% of the amount due, will receive 37.5% of the deferred amount, in order to equalize those prior claim payments with the new 75% claim payment rate called for under the Plan of Rehabilitation.

On January 9, 2015, the Rehabilitator filed with the Supervisory Court his First Annual Report of Triad Guaranty Insurance Corporation, In Rehabilitation.

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