Financial Statements and Independent Auditors' Report
Notices
Receivership Pleadings and Orders
Statement of Affairs
Statement of Changes in Cash and Invested Assets

IRRMA, was an Illinois domestic qualified group workers’ compensation pool organized under and authorized to transact the kinds of business set forth in Article V¾ of the Illinois Insurance Code, 215 ILCS 5/107a.01

On November 30, 2011, an Agreed Order of Liquidation with a Finding of Insolvency was entered against Illinois Restaurant Risk Management Association Inc., ("IRRMA") by the Circuit Court of Cook County, Illinois.

Based upon our best estimates and barring any unforeseen circumstances, the Special Deputy Receiver expects that a first dividend of 50% will be distributed by December 31, 2014 on timely filed claims allowed at the policyholder priority level d) of the Illinois statutory distribution scheme. This Good Faith Estimate is based upon information available and the circumstances known at the time that it was made. Before relying on this estimate in making any decisions, be aware that the underlying facts and circumstances upon which it is based are subject to change. (November 2014)

On December 22, 2014, the Supervising Court entered an order approving a 50% first dividend on all timely filed claims recommended for allowance and approved by order of the Court for distribution at statutory priority level 215 ILCS 5/205(1)(d). Pursuant to the Court’s order, the Liquidator has been authorized to make an interim distribution of IRRMA’s estate assets, in the amount of $1,193,806, in order to effectuate the first dividend.

On January 16, 2015, the Supervising Court entered an order approving a 20% second dividend on all timely filed claims recommended for allowance and approved by order of the Court for distribution at statutory priority level 215 ILCS 5/205(1)(d).  Pursuant to the Court’s order, the Liquidator has been authorized to make an interim distribution of IRRMA’s estate assets, in the amount of $477,522, in order to effectuate the second dividend.