What's new on the net
Guide to Medicare HMOs released The latest addition to the Department's consumer resource information is a new buyers guide that will make it easier for Illinois seniors to shop for managed care insurance.
The Medicare HMO Shopping Guide was developed to help Medicare beneficiaries understand how Medicare health maintenance organizations (HMOs) work, decide if a Medicare HMO is right for them, and select the plan that best fits their needs. The guide also identifies the nine Medicare HMOs operating in Illinois and the thirteen counties where this coverage is available, and provides cost and benefit information for each plan.
"The HMO guide is a valuable supplement to our annual Medicare Supplement Premium Comparison Guide which lists similar information for every insurance company licensed to sell Medicare supplement insurance in Illinois," said Insurance Director Mark Boozell.
Both guides have also been added to the Department's Internet home page. "Whether they prefer the hard copy or electronic format, Illinois seniors looking for the best value in supplemental health insurance can now review the full range of products available and make a more informed purchase decision," he noted.
The Department of Insurance web site can be found at: http://www.ins.state.il.us/
Publication of the Medicare HMO guide was made possible through a federal grant from the Health Care Financing Administration to the Illinois Senior Health Insurance Program (SHIP). Copies are available free of charge by writing to:
Senior Health Insurance Program, Illinois Department of Insurance, 320 W. Washington St., Springfield, IL 62767.
The Illinois Department of Insurance has been assigned to a number of National Association of Insurance Commissioners (NAIC) committees for 1997. At press time, working group assignments had not been made.
(EX) Executive Committee Midwestern Zone, Secretary (EX) Special Committee on Health Insurance (EX) Special Committee on Regulatory Reengineering (EX1) Internal Administration Subcommittee (EX3) Market Conduct and Consumer Affairs Subcommittee (EX4) Financial Condition Subcommittee (EX4) Accounting Practices and Procedures Task Force (EX4) Blanks Task Force (EX4) Risk-based Capital Task Force (EX4) Valuation of Securities Task Force, Chair (EX5) Insolvency Subcommittee, Chair (EX6) Financial Regulation Standards & Accreditation Subcommittee (D) Commercial Lines Property & Casualty Insurance Committee (E) Special Insurance Issues Committee, Chair Casualty Actuarial (Technical) Task Force Life and Health Actuarial (Technical) Task force Statistical (Technical) Task Force
Coronet Insurance Company and National Assurance Indemnity Company, both located in Chicago, Illinois, have been declared insolvent and placed into liquidation by the Circuit Court of Cook County. Liquidation orders were issued for Coronet on December 24, 1996, and for National Assurance on January 3, 1997, in response to petitions filed by Insurance Director Mark Boozell, based on the Insurance Department's findings that both companies' policyholders surplus was impaired in excess of $2.5 million.
A third Illinois affiliate, Crown Casualty Company, was also ordered into conservation on December 10, 1996, and will continue under the Director's control, pending a continued review of its financial condition.
Policyholders will be notified that all policies protected by guaranty funds will be cancelled as of 12:01 a.m., January 24, 1997, for Coronet and February 3, 1997, for National Assurance, unless they expire or are terminated at an earlier date. The Illinois Insurance Guaranty Fund will be responsible for the covered claims of the liquieated companies' policyholders.
The liquidation proceedings, as well as the continued conservation activities of Crown Casualty, are being handled by the Office of the Special Deputy Receiver, 222 Merchandise Mart Plaza, Suite 1450, Chicago, IL 60654; (312) 836-9500.
In 1996, President Clinton declared two federal flood disasters in Illinois. In anticipation of possible spring flooding, The Department of Insurance encourages Illinois property and casualty insurance producers to make sure they are properly educated about flood insurance.
The following flood insurance seminars are being held this spring. We hope you will plan to attend the one nearest you, or call the National Flood Insurance Program Bureau and Statistical Agent at (708) 955-4550 to sponsor your own seminar. These seminars provide four hours of continuing education credit.
Date Location Sponsor Contact Name/Phone Number 3/18/97 Carbondale PIIA of Illinois Angie Heavener (217) 793-6660 3/19/97 Collinsville PIIA of Illinois Angie Heavener (217) 793-6660 3/20/97 Peoria PIIA of Illinois Angie Heavener (217) 793-6660 3/21/97 Lisle PIIA of Illinois Angie Heavener (217) 793-6660 4/18/97 Northbrook Insurance School Rosemary Scott (312) 427-2520 of Chicago
New Admissions
Certificates of authority have been issued to the following insurance companies:
Lincoln General Insurance Company, PA, 12/6/96 American Compensation Insurance Company, MN, 12/9/96 National Group Management Corporation, Attorney in Fact for National Lloyds Insurance Company , TX, 12/9/96 Midwest Medical Insurance Company, MN. 12/10/96 Zale Indemnity Company, TX, 12/10/96 Pinebrook Mortgage Insurance Company, Northfield, IL, 12/18/96 Selective Insurance Company of America, NJ, 12/20/96 Terminations Certificates of authority have been revoked for the following insurance companies: Millers Mutual Insurance Company, PA, voluntary cancellation 12/3/96 Coronet Insurance Company, IL, placed in liquidation 12/24/96 National Assurance Indemnity Company, IL, placed in liquidation 1/3/97
Revocation of Licensing Authority
Sandra D. Ellison 4135 B, Bearsdale Road Decatur, IL Effective 11/27/96 Rick J. Kemme RR #2, Box 41 Dieterich, IL Effective 12/26/96 Pacific Auto Insurance Agency 3448 West Fullerton Chicago, IL Effective 12/4/96 Julio L. Padilla 3929 North Spaulding Chicago, IL Effective 12/4/96 Mark F. Parks 1111 West Hollywood, Apt 413 Chicago, IL Effective 11/25/96 Voluntary Revocation of Producer License Michael R. Coles 24 Cypress Square Elgin, IL Effective 11/13/96 Clarence Mallory 515 18th Cairo, IL Effective 12/13/96 Bessie V. Rich 108 West 10th West Frankfort, IL Effective 12/5/96 Randy Lee Weckerly 338 Parkside Drive Sycamore, IL Effective 12/23/96 Order of Suspension Clay Kennedy Boyd 2000 Larkin Avenue Elgin, IL Effective 11/15/96 John Edmiston Hardy, Jr. 3852 South Parkway Dr, #2B Northbrook, IL Effective 12/26/96 Kevin M. Kilgore 4551 Opal Drive Hoffman Estates, IL Effective 12/26/96 John E. Miller 8150 West 95th Street Hickory Hills, IL Effective 12/26/96 Chanhing Ng 1757 West Wallen Chicago, IL Effective 11/15/96 Denial of Request for License George Vincent Cwiak 5425 North Lotus Chicago, IL Effective 12/26/96 Stipulation and Consent Order - Civil Forfeiture Paid Jerry A. Cherney 2750 Porter Court Glenview, IL Effective 11/4/96 Eagle Insurance Agency, Inc. 3280 North California Ave Chicago, IL Effective 11/4/96 Robert P. Gainsberg 2837 Manor Drive Northbrook, IL Effective 11/4/96 Stipulation and Consent Order - Civil Forfeiture Paid Jory Gruenberg 3900 Lizette Glenview, IL Effective 11/8/96 William Charles Gruenberg 63 Wilmette Ave Glenview, IL Effective 11/8/96 John Hancir 556 Meadowwood Dr Lake Forest, IL Effective 11/8/96 William Lanzarotta 3114 Oak Brookfield, IL Effective 12/23/96 Legal Financial Associates 3280 North California Ave Chicago, IL Effective 11/4/96 John Mazur 1606 East Hyde Park Blvd. Chicago, IL Effective 9/27/96 John Mazur & Associates, Ltd. 727 South Dearborn St Chicago, IL Effective 9/27/96 Metropolitan Insurance Service Consultants, Inc. 5400 North Elston Ave Chicago, IL Effective 11/8/96 Ronald E. Reed 16937 Glen Oaks Dr Country Club Hills, IL Effective 10/15/96 Joseph Sylvester Rogala 2 South 574 Danbury Dr Glen Ellyn, IL Effective 10/1/96 Other Actions - Director's Order Bill Schenk Insurance Agency, Inc. 6726 West Northwest Highway Chicago, IL Effective 2/16/96 William Emil Schenk 7342 North Oleader Chicago, IL Effective 2/16/96 William Schenk, Jr. 6726 West Northwest Highway Chicago, IL Effective 2/16/96
Back to the topHearings
Scheduled Hearings Thoesen Tractor & Equipment Co., Inc. Workers compensation rate classification 1/23/97 Hearing No. 3495 David W. Pierdinock State Farm General Insurance Company Nonrenewal 1/28/97 Hearing No. 3494 Raymond J. Homola Country Mutual Insurance Company Cancellation 1/30/97 Hearing No. 3497 The Noble Group Cease and desist 1/3/97 Hearing No. 3491 Johnnie Mae Perkins State Farm Fire & Casualty Company Nonrenewal 2/4/97 Hearing No. 3498 Matters Settled without Hearing FHP of Illinois Insurance by Pacific Care Health System, Inc. Hearing dismissed 12/27/96 Hearing No. 3484 Central National Insurance Company of Omaha Previous revocation order vacated; hearing dismissed 12/2/96 Hearing No. 3462 Marice Swopes State Farm General Insurance Company Hearing dismissed 11/25/96 Hearing No. 3486 Indicator Lites Inc. National Council on Compensation Insurance Hearing dismissed 11/12/96 Hearing No. 3472 Completed Hearings Peggy P. Myles Application for producers license approved 1/2/97 Hearing No. 3456 Thomas Crisci Denial of license application reversed 12/20/96 Hearing No. 3457 Percy Middleton License will be issued after payment of civil forfeiture; 12/20/96 Hearing No. 3464 Polar Tool and Manufacturing, Inc.. National Council on Compensation Insurance Polar reclassified into Code 3629; 12/6/96 Hearing No. 3452 Roland Lopez State Farm Mutual Automobile Insurance Company Cancellation effective 12/4/96 Hearing No. 3483 Interstate Insurance Services, Inc..; Alice F. Wathan; Sandra D. Ellison; O'Dell-Wathan Producers license for S. Ellison revoked 11/27/96 Hearing No. 3449 Mennonite Motorist's Aid Cease and desist made permanent 11/20/96 Hearing No. 3446 Sue L. Merchant State Farm Mutual Automobile Insurance Company Cancellation effective 11/20/96 Hearing No. 3482
Back to the topExamination reports filed
Examination reports filed Financial Illinois AG Service Workers Compensation Trust 6/19/96 Illinois Earth Care Workers' Compensation Association, Inc. 6/19/96 Illinois State Bowling Proprietors' and Recreation Industry Workers Compensation Trust 10/03/96 Catholic Knights & Ladies of Illinois 11/20/96 Celtic Life Insurance Company 11/20/96 Federal Life Insurance Company (Mutual) 11/20/96 Life Insurance Company of Illinois 11/20/96 Coronet Insurance Company 12/03/96 Illinois Insurance Exchange 12/13/96 Market Conduct Viking Insurance Company of Wisconsin 12/09/96 Unigard Insurance Company 12/13/96 Unigard Indemnity Company 12/13/96 Safeco Insurance Company 1/08/97 Safeco Insurance Company of Illinois 1/08/97 TIG Insurance Corporation of America 1/08/97 TIG Insurance Corporation of Michigan 1/08/97 TIG Indemnity Company 1/08/97 TIG Insurance Company 1/08/97
The full text of Department rules is printed in the Illinois Register published weekly by the Illinois Secretary of State's Index Department, 111 E. Monroe St., Springfield, IL 62756. Subscriptions are available from that source for an annual fee of $290. Issue numbers and a Department contact person are listed below after each rule summary.
Copies of rules are also available upon written request to the Department of Insurance at a $1 per page charge. Adopted rules are codified in Title 50 of the Illinois Administrative Code.
Rule 2001 (Construction and Filing of Accident and Health Insurance Policy Forms) was amended on October 25, 1996, to reflect current statutory requirements and to provide cross-referencing with Rule 916 which will inform companies how to file all policy forms, not just accident and health insurance forms. (Vol. 20, #45; Cindy Colonius)
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