Help with insurance problems is now available on the Internet through an electronic complaint form introduced in late February by Illinois Director of Insurance Mark Boozell. Consumers can also print the form and submit their complaints to the Department of Insurance by U.S. mail or fax.
"Since introducing our home page last May, we have been working diligently to make it easier for Illinois consumers to access useful insurance information and to communicate with the Department of Insurance," Boozell said. "The on-line complaint form is a major step towards that goal. It allows consumers to transmit the basic information we need to open an investigation on their behalf."
In addition to filing a complaint, consumers can also e-mail their general insurance questions or comments to the Director from the Department's home page. The Department averages 15 to 20 such inquiries each week.
The Department of Insurance web site is located at: www.ins.state.il.us
Chicago-based Crown Casualty Company, the third company in the Coronet Insurance Group, was declared insolvent and placed in liquidation on January 31, 1997. The company's policyholders surplus was impaired in excess of $200,000.
Crown Casualty is a wholly owned subsidiary of National Assurance Indemnity Company which in turn is owned by Coronet Insurance Company. The parent companies were placed in liquidation on January 3, 1997, and December 24, 1996, respectively. Crown was licensed only in Illinois, and has concentrated its business writings in assumed reinsurance from Coronet, as well as in a small book of nonstandard automobile coverages in Illinois. Crown Casualty's 1995 annual statement reflects approximately $7.4 million in direct and assumed reinsurance premium.
Policyholders were notified that all policies protected by the Illinois Insurance Guaranty Fund would be cancelled as of 12:01 a.m. March 3, 1997, unless they expired or were terminated at an earlier date. The Guaranty Fund will be responsible for the covered claims of the company's policyholders.
Resure Incorporated Syndicate, a member of the Illinois Insurance Exchange, was placed under an Agreed Order of Liquidation with a finding of insolvency on February 27, 1997. The company's policyholders surplus was impaired in excess of $4.5 million.
Resure's 1995 annual statement reflects approximately $13 million in direct premium. Policyholders will be notified that all policies will be cancelled as of 12:01 a.m. March 30 , 1997, unless they expire or are terminated at an earlier date.
Resure is a member of the Illinois Insurance Exchange Guaranty Fund which may provide up to an aggregate $15 million of coverage, not to exceed $300,000 per claimant, to assist the liquidator in meeting obligations of policyholders. However, due to the number and complexity of claims against Resure, it is not known when or to what degree those funds will be available.
Located in Chicago, IL, and North Riverside, CA, the syndicate is a wholly owned subsidiary of Talon Re Holdings, Incorporated, a holding company in Las Vegas, NV.
Liquidation proceedings are handled by the Director's Office of the Special Deputy Receiver, 222 Merchandise Mart Plaza, Suite 1450, Chicago, IL 60654; (312) 836-9500.
New Admissions
W.S.A. Fraternal Life, CO, 12/6/96 United Concordia Life and Health Insurance Company, PA, 12/9/96 Settlers Life Insurance Company, VA, 12/10/96 SunAmerica National Life Insurance Company, AZ, 12/20/96 Allmerica Financial Alliance Insurance Company, NH, 12/31/96 American Fidelity & Liberty Insurance Company, PA, 12/31/96 American Surety & Casualty Company, FL, 12/31/96 Chubb National Insurance Company, IN, 12/31/96 Crum & Forster Indemnity Company, NY, 12/31/96 Lawrenceville Property & Casualty Company, Inc., VA, 12/31/96 Markel American Insurance Company, VA, 12/31/96 Mountbatten Surety Company, Inc., PA, 12/31/96 Pacific Specialty Insurance Company, CA, 12/31/96 Princeton Insurance Company, NJ, 12/31/96 Reliance Reinsurance Company, DE, 12/31/96 Risk Capital Reinsurance Company, NE, 12/31/96 Technology Insurance Company, NH, 12/31/96 Citizens Insurance Company of Illinois, IL, 1/24/97 Community Health Choice of Illinois, Inc., DE, 1/30/97 Terminations Manufacturers Life Insurance Company, CN, voluntary withdrawal, 12/31/96 Crown Casualty Company, IL, placed in liquidation 1/31/97
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Revocation of Licensing Authority
ICE Agency, Inc. 405 East Main, Suite 1 Collinsville, IL Effective 12/26/96 Richard Steven Lombardi 811 Bradwell Barrington, IL Effective 1/3/97 James M. Ortiz 1462 Braymore Circle Naperville, IL Effective 2/24/97 Richard W. Piolatto 788 Buffalo Avenue Calumet City, IL Effective 2/14/97 John M. Yule 248 Hood Court Bartlett, IL Effective 1/22/97 Voluntary Revocation of Producer License Charles Franklin Alderson, II 2121 West Main, PO Box 23347 Belleville, IL Effective 2/10/97 Jo Felix 315 North Garfield Mundelein, IL Effective 1/2/97 Melecio J. Lopez 2312 West 21st Street Chicago, IL Effective 1/27/97 Monarch Midwest 505 East Hawley, Suite 100 Mundelein, IL Effective 1/2/97 Denial of Request for License Silas McWilliams 10459 South Calumet Chicago, IL Effective 2/14/97 Michael Glenn Proctor 3635 Garden Brook, #10500 Farmers Branch, TX Effective 2/14/97 Dorran L. Stewart 7754 South Marshfield Chicago, IL Effective 2/14/97 Stipulation and Consent Order - Civil Forfeiture Paid American Consumers Insurance Group, Ltd. 722 South Milwaukee Avenue Wheeling, IL Effective 2/3/97 Apple Insurance Services, Inc. 2518 College, PO Box 1085 Alton, IL Effective 12/9/96 Gerald Apple 313 Gladys Godfrey, IL Effective 12/9/96 John J. Buckley 612 West 12th Street Flora, IL Effective 1/23/97 Buckley Insurance 128 East North Avenue, PO Box 560 Flora, IL Effective 1/23/97 Edward R. Cohn 540 C West Lodge Wheeling, IL Effective 1/7/97 Francis D. Fletcher 354 Cornell Avenue Des Plaines, IL Effective 1/23/97 Dorothy Ingle Fuqua 291 Pam Lane Marietta, GA Effective 12/23/97 Charles Gustin 191 Boxwood Drive Hawthorne Woods, IL Effective 12/5/96 Jeri S. Hill 1522 East Clay Decatur, IL Effective 12/5/96 Marilyn Mesko Kroenke 1209 Cardinal Lane Naperville, IL Effective 1/27/97 The Kroenke Insurance Agency 1703 Ogden Avenue Downers Grove, IL Effective 1/27/97 Reginald H. Lewis 8436 South Elizabeth Chicago, IL Effective 1/16/97 Barton R. Needles RR #1, Box 153 McLean, IL Effective 12/23/96 Barry J. Powitz 15608 West Pope Blvd. Deerfield, IL Effective 2/3/97 Redman, Scharff & Gustin Insurance Agency, Inc. 3100 West Dundee Road, Suite 112 Northbrook, IL Effective 12/5/96 Myron H. Scharff 638 Picardy Northbrook, IL Effective 12/5/96 State All Driver Insurance Agency 1620 South Sixth Street Springfield, IL Effective 12/5/96 Underwriters Acceptance Corporation 722 South Milwaukee Avenue Wheeling, IL Effective 2/3/97 David M. Weiner 16261 Autumn View Terrace Drive Ellisville, MO Effective 1/23/96 Gerald D. Wilson 4170 Irving Drive Decatur, IL Effective 12/5/96 Order of Suspension Jerome L. Faulkner 2763 South 4th #B Springfield, IL Effective 1/6/97 Charles Lester Jenrich 13600 Old Post Road Orland Park, IL Effective 2/3/97 Teresa Massie 1633 Southlawn Place Aurora, IL Effective 2/3/97 Bruce M. Terry 822 Panorama Drive, Unit 2A Palatine, IL Effective 2/3/97
Back to the topHearings
Scheduled Hearings: Vincent J. Campisano Northwest Commercial Insurance Revocation 3/27/97 Hearing No. 3508 Timothy Wayne Shepherd Revocation 3/27/97 Hearing No. 3516 Jose R. Gemose International Insurance Services, Inc. Revocation 4/8/97 Hearing No. 3512 Ronald G. Baxter Suspension of licensing authority 4/17/97 Hearing No. 3518 Insurance Company of Great Britain, Ltd. Cease and desist 4/17/97 Hearing No. 3478 Edward Kenneth Miller E. Miller Insurance Agency Revocation 4/29/97 Hearing No. 3519 Matters Settled without Hearing: Tommie L. Brown Notice of rehearing to be issued 1/3/97 Hearing No. 3479 Ronald Potter Order of suspension rescinded 1/31/97 Hearing No. 3493 Roy L. Hein State Farm Mutual Automobile Ins. Co. Dismissed 3/4/97 Hearing No. 3509 Comprehensive Health Group, Inc. Dismissed 3/5/97 Hearing No. 3499 Completed Hearings: Edgar A. Lechuga State Farm Mutual Automobile Ins. Co. Cancellation effective 1/10/97 Hearing No. 3487 Aurelia Toma Pora State Farm Fire & Casualty Company Cancellation effective 1/14/97 Hearing No. 3492 John M. Yule Revocation of license is permanent 1/22/97 Hearing No. 3481 David W. Pierdinock State Farm General Insurance Company Nonrenewal effective 1/31/97 Hearing No. 3494 Raymond J. Homola Country Mutual Insurance Company Cancellation effective 2/11/97 Hearing No. 3497 Johnnie Mae Perkins State Farm Fire & Casualty Company Nonrenewal effective 2/11/97 Hearing No. 3498 The Noble Group Mid-West Insurance Company, Ltd. The American Real Estate Assoc. Cease and desist order made permanent 2/21/97 Hearing No. 3491 Red Sea Group; Individual Surety; Emerald Finance; AMG Bonding Cease and desist order made permanent 2/21/97 Hearing No. 3488 Barbara J. Kendell American States Insurance Company Nonrenewal effective 2/24/97 Hearing No. 3501 Desiree M. Archie Allstate Insurance Company Nonrenewal effective 2/26/97 Hearing No. 3500 Luster Taylor State Farm Fire & Casualty Company Nonrenewal effective 3/11/97 Hearing No. 3505
Back to the topExamination reports filed
Financial Florists' Mutual Insurance Company 1/15/97 Florists' Insurance Company 1/15/97 Illinois State Bar Association Mutual Insurance Company 1/15/97 USF&G Insurance Company of Illinois 1/15/97 Health Providers Insurance Company 2/25/97 Amerinst Insurance Company 2/2797 North American Union Life Assurance Company 2/28/97 Union Medical Center 2/28/97 United Security Life Insurance Company 2/28/97 Western Diversified Life Insurance Company 2/28/97 Iuka Mutual Insurance Company 3/03/97 American Union Life Insurance Company 3/10/97 Monmouth Mutual Insurance Company 3/10/97 Mosquito Mutual Insurance Company 3/10/97 Woodbine Mutual Fire Insurance Company 3/10/97 Market Conduct Merit Insurance Company 1/17/97 United Teachers Associates 1/17/97 Washington National Insurance Company 2/18/97 Shelter Mutual Insurance Company 2/24/97
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 925 (Annual Audited Financial Report) was amended effective January 28, 1997, to correct drafting errors and make our regulation consistent with that of the National Association of Insurance Commissioners. (Vol. 21, #6; Cindy Stephenson)
Rule 1410 (Modified Guaranteed Annuity (MGA) Contracts) was adopted effective January 3, 1997, to establish required contract provisions for modified guaranteed annuity contracts funded through general accounts only, and to provide guidelines for the use of sales materials for disclosure. The rule does not require that the nonforfeiture provisions be adhered to for group annuities purchased under retirement plans or deferred compensation plans, or plans maintained by an employer other than a plan providing individual retirement accounts or individual retirement annuities. The rule also provides that the assets supporting the MGA contracts are adequate to provide future guaranteed benefits, and requires that insurers provide an annual report to their contract holder showing both accounts as well as cash surrender values. (Vol. 21, #3; Bruce Sartain)
Rule 2405 (Intergovernmental Joint Insurance Pool Annual Audited Financial Report) was adopted effective January 14, 1997, to implement PA 89-97 (5 ILCS 220/6) which requires the Director of Insurance to promulgate regulations to implement audit and reporting requirements for local government joint self insurance pools. (Vol. 21, #4; Etta Mae Credi)
Rule 4401 (Examination and Audit Procedure) was adopted on January 28, 1997, to clarify the uniform procedures established under the Illinois Pension Code for examinations, compliance with examinations, hearings and other matters related to examinations and audits. (Vol. 21, #6; Michael Blankenship)
Rule 4405 (Electronic Filing) was adopted on January 28, 1997, with a delayed effective date of December 1, 1997, to implement electronic filing of annual report information submitted to the Department of Insurance by public pension funds. (Vol. 21, #6; Tom Jones)
Rule 5602 (Extension of Service to Additional Counties) was repealed on January 28, 1997. The rule implemented Section 563 of the Medical Service Plan Act which was repealed on September 1, 1989. (Vol. 21, #6; Mary Meyer)
Rule 6101 (Health Maintenance Organizations) was recodified (renumbered) to Rule 5421; no changes in content were made. (Vol. 21, #6; Mary Meyer)
Rule 6301 (Pension and Examination Procedure) was repealed on January 28, 1997, because its provisions were obsolete. (Vol. 21, #6; Michael Blankenship)
Rule 6302 (Definition of Salary) was recodified (renumbered) to Rule 4402; no changes in content were made. (Vol. 21, #6; Mary Meyer)
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