OSD Mission Statement
Our mission is to achieve consumer protection through receivership resolution expertise and the execution of a resolution strategy appropriate to the unique circumstances of each troubled company estate, including maximization of asset recovery, fair disposition of claims, and timely delivery of assets to creditors.
OSD Latest News
Land of Lincoln Mutual Health Insurance Company ("Land of Lincoln") On July 19, 2023, the Supervising Court entered an order in accordance with 215 ILCS 5/210(3) authorizing the Liquidator to effectuate the issuance of a 100% (100 percent) dividend, payable from Estate Assets, on all claims allowed at Level F.
Land of Lincoln Mutual Health Insurance Company ("Land of Lincoln") On July 15, 2022, the Supervising Court entered an order approving a 100% (100 percent) first and final dividend on both policyholder claims allowed for purposes of the Second Claim Filing Deadline at level D of the schedule of priorities and general creditor claims allowed for purposes of the Second Claim Filing Deadline at level G of the schedule of priorities. The court’s order further authorized the Liquidator to utilize Estate assets for purposes of effectuating the 100% (100 percent) court approved dividends at levels D and G.
Illinois Movers' & Warehousemen's Risk Management Group ("Movers") On June 17, 2022, the Supervising Court approved an eighty-two percent (82%) second and final dividend on Illinois Movers’ eleven (11) claims previously allowed for distribution at statutory priority level 215 ILCS 5/205(1)(d), bringing the total priority level “d” distribution to 82%.
Legion Indemnity Company On March 21, 2022, the Supervising Court approved a five percent (5%) ninth dividend on Legion Indemnity’s claims allowed for distribution at statutory priority level 215 ILCS 5/205(1)(d), bringing the total late-filed priority level “d” distribution to 80%.
Illinois Comprehensive Health Insurance Plan (ICHIP) On December 27, 2021, an Agreed Order of Rehabilitation was entered against Illinois Comprehensive Health Plan by the Circuit Court of Cook County, Illinois pursuant to 215 ILCS105/3(j), and the provision of Article XIII of the Illinois Insurance Code, 215 ILCS5/187 et. seq., effective on (December 31, 2021,11:59 p.m. C.S.T.). Additional information concerning the claim filing deadline and procedures may be viewed here.