Illinois re-accredited by NAIC
New address for work comp accident reports
Staff announcements
Producers and premium finance companies
going too far
Centaur Ins. Co. Settles dispute with
Mission Insurance Group
Legislation passed in 1998
Department rules review
Company action
Producer regulatory action
Hearings
Exam reports filed
Illinois was one of four states awarded second round accreditation certificates during the Fall National Meeting of the National Association of Insurance Commissioners in September. In addition to Illinois, certifications were issued under the NAIC Financial Regulation Standards and Accreditation Program to Arizona, Maine and New Hampshire. The Illinois Department received its initial certification in June 1991.
The association adopted minimum standards for financial regulation in 1989. Following an analysis of the program by NAIC members and other interested parties, the membership adopted a revised set of Second Round Accreditation Standards that continue to emphasize the membership's commitment to strong financial regulation programs within state insurance departments. The standards are considered more flexible and focus on critical solvency issues.
Although the accreditation program now requires accredited state insurance departments to undergo a top-to-bottom review every five years to assure they still meet the baseline standards, as one of the first four states to become accredited, Illinois received a deferral until the second round standards were in place. Of the 49 accredited insurance departments, 18 having received their second round accreditation.
"The accreditation program was designed in an effort to raise the level of solvency regulation by state insurance departments in the interests of consumer protection and to help ensure a stable marketplace," noted NAIC President and North Dakota Insurance Commissioner Glenn Pomeroy during presentation ceremonies. "As evidenced by the four states earning second round accreditation, it continues to offer states the flexibility to tailor the necessary laws to their own insurance codes."
The Illinois Industrial Commission is asking employers and insurers to send all workers' compensation accident reports to 701 S. Second St., Springfield, IL 62704, rather than to its Chicago office. The change will improve the Commission's report processing and better accommodate its space and storage requirements.
Insurers are also encouraged to submit reports electronically. For information, contact Ian Green at (312) 814-6533.
Pamela Donnewald, Consumer-Market Division, has been elected Secretary of the Land of Lincoln Chapter of the CPCU Society for 1998-1999. Pam also serves on the public relations and new designees committees.
Thomas Ratsch, Regulatory Action Unit, has received the Award for Academic Excellence from the American Institute for CPCU and the Insurance Institute of America. The award recognizes Tom's outstanding performance on the national essay examinations in the Institutes' Associate in Insurance Accounting and Finance program. He is one of only 73 academic award winners out of more than 9,700 people who completed the CPCU or an IIA program during the 1997-1998 academic year.
It has come to the Department's attention that licensed Premium Finance Companies (PFCs) are financing more than premiums, such as travel club membership fees, cost for bail bond cards and fees assessed by the producer or registered firm, to name a few. Many times this type of fee is fully earned at inception and non-refundable, and it is not collateralized by return premium. On occasions these "extra" fees are concealed to the consumer and PFC by including them as policy premium.
Section 513a9 of the Illinois Insurance Code (215 ILCS 5/513a9) does not allow for a PFC to finance anything but policy premiums plus finance charges and for surplus lines business, the surplus line tax and fire marshal tax. The PFC's primary collateral is the unearned premium on the policies financed. When "other fees" are also financed it reduces the percentage of the loan that will be paid off with the unearned return premium therefore causing the potential problem that the consumer will owe money to the PFC even after the insurer has refunded the unearned premium.
No loans other than for policy premiums, finance charges, surplus lines tax and fire marshal tax are to be included in the premium finance contract. Therefore, the installment payment amount shown on the contract must be exclusively for premium plus finance charges and referenced taxes.
It is clear throughout Article XXXIIA of the Illinois Insurance Code that only policy premiums are to be financed by a PFC. The Department will be monitoring this situation when conducting examinations of registered firms and premium finance companies.
Litigation has been settled between Illinois-based Centaur Insurance Company, in rehabilitation, and five insolvent insurers making up the Mission Insurance Group, based in California and Missouri. Terms of the agreement, which also settled disputes involving Mission and Centaur's corporate parent, Chicago-based Borg-Warner Security Corporation, include the approval of a $48 million claim by Mission in the Centaur estate and the payment of $4 million to Mission by Borg-Warner.
The Mission Group, whose members are in liquidation under the control of the Insurance Commissioners of California and Missouri, is Centaur's single largest creditor. An insolvent property and casualty company, Centaur has been operating under the control of the Illinois Insurance Director, subject to the supervision of the Circuit Court of Cook County, since 1987. The Mission Group's claims are based on a series of reinsurance agreements entered into between Centaur and Mission in the 1970s and 1980s.
Acting Illinois Insurance Director Arnold Dutcher said the settlement paves the way for the ultimate resolution of the Centaur rehabilitation proceedings. "In the coming months, we expect to begin actively negotiating with the Centaur policyholder creditors who have filed claims so that the company's remaining liabilities can be finally determined and its assets distributed to the remaining creditors," he said. "It may be that a liquidation order and claims bar date will be necessary to deal with any creditors whose claims cannot be settled expeditiously."
Although Centaur is insolvent, it has been paying policyholder-level claims under a court approved plan of rehabilitation. Claims of other creditors, including reinsurance claims of other insurance companies, are being settled, but not paid pending resolution of all policyholder claims.
The settlements are subject to the approval of the Cook County Circuit Court, in the rehabilitation proceedings of Centaur, the court overseeing the liquidation proceedings for the Mission Group and the court presiding over the Borg-Warner matter. Centaur's rehabilitation is being handled by the Director's Office of the Special Deputy, 222 Merchandise Mart Plaza, Chicago, IL 60654; (312) 836-9500.
House Bill 705 (PA 90-736, effective 8/12/98) -- creates the Children's Health Insurance Program Act to enable low income children to access health care coverage. Such access will be accomplished through state subsidies to privately sponsored health insurance and purchasing or providing health care benefits for eligible children. The program will operate subject to appropriation and will be administered by the Department of Public Aid.
House Bill 2860 (PA 90-700, effective 8/07/98) -- amends the Illinois Insurance Code to provide that an insurance company may not use the fact that an applicant or insured was injured as a result of a battery committed by a spouse or person in the same household as the sole basis of a rating, underwriting, or claims handling decision. The bill was amended to ensure any co-insured will not lose coverage in cases where the co-insured was not at fault for a loss and to specify this bill applies only to property and casualty insurance.
House Bill 3427 (PA 90-741, effective 8/13/98 & 1/01/99) -- amends the Illinois Insurance Code to expand the definition of a Woman's Principal Health Care Provider (WPHCP) to include physicians specializing in family practice. The bill requires insurance and managed care plans to provide written notice of the right to select a WPHCP to all female enrollees at time of enrollment and annually to all existing enrollees.
HB 3427 also requires that a "referral arrangement" exist between a woman's WPHCP and primary care physician (PCP). If a woman selects a WPHCP who does not have a referral arrangement with her PCP, she may select a PCP who has a referral relationship. The bill also requires female enrollees of a managed care plan under contract with the Department of Public Aid to choose a WPHCP who is a Medicaid-enrolled provider (effective 8/13/98).
The Insurance Code is further amended to require group insurance policies to cover outpatient self-management training and education, medically necessary equipment, pharmaceuticals and supplies, and regular foot care exams for persons being treated for diabetes types 1 and 2, and gestational diabetes mellitus (effective 1/01/99).
Group insurance policies shall provide coverage for colorectal cancer screening with sigmoidoscopy or fecal occult blood testing every 3 years for persons who are at least 50 years old, and for high risk persons who are at least 30 years old (effective 1/01/99).
The bill also increases from 25% to 75% the advance payment of a life insurance policy's face amount of benefits when the insured has been diagnosed with a covered condition (effective 8/13/98).
House Bill 3431 (PA 90-618, effective 07/10/98)-- amends the HMO Act and the Public Aid Code to allow IDPA to contract directly with Managed Care Community Networks (MCCNs) to provide health care through programs administered by IDPA. MCCNs do not include HMOs and would not be subject to DOI oversight. MCCNs are defined to include entities which are owned, operated or governed by providers of health care services or state-funded medical schools (i.e., not limited to HMO type organizations).
It further requires an MCCN to demonstrate its ability to assume financial risk. The standards for this demonstration can be more restrictive than those for Provider Sponsored Organizations (PSOs) as adopted under Part C of Title XVIII of the Social Security Act.
House Bill 3464 (PA 90-711, effective 8/07/98) -- creates the Service Contract Provider Regulation Act. It requires service contract providers to meet certain financial, consumer disclosure and registration requirements. The bill establishes the Department of Insurance as the regulating entity with the responsibility to oversee all service contract content, approve service contract companies, ensure consumer protection through disclosure of contract content and recourse to reimbursements, claims and in certain instances rights to direct access to service contract insurers. The bill establishes registration fees and provides for record keeping requirements and examinations and enforcement provisions.
Service Contract Providers who manufacture, build, sell or lease the products backed by the contract are exempt from the financial requirements, reimbursement provisions, and registration requirements contained in the bill.
Senate Bill 659 (PA 90-583, effective 5/29/98) -- reestablishes a premium tax on insurers and HMOs to replace the existing statute which was found unconstitutional by the Illinois Supreme Court (215 ILCS 5/409). Specifically, the bill imposes an across the board premium tax of .4 of 1% for all health insurance companies and HMOs and .5 of 1% for all other insurers. This tax will be implemented on a staggered basis on the following dates: January 1, 1999, for HMO insurance premiums; July 1, 1998, for any other health insurance related premiums; and January 1, 1998, on premiums from all other lines of coverage.
The bill further provides clarification for the correct method of calculating and for the continuation of a retaliatory tax to be imposed on those companies whose home states tax Illinois companies at a higher rate than Illinois taxes insurers from those states.
It equalizes the rates at which Financial Regulatory Fees are paid by foreign and domestic insurers under 215 ILCS 5/408 subsections 6 and 7; eliminates the valuation fee charged on Illinois life insurers (215 ILCS 5/408.1); and reestablishes a deduction for fire department taxes benefiting municipalities and paid under 65 ILCS 5/11-10-1 of the Illinois Municipal Code.
It also provides a premium tax reduction to companies if their Illinois Corporate Income Tax and Personal Property Replacement Tax exceeds 1.5% of their net taxable premium written. The premium tax liability may be reduced to zero; however, the reduction will not reduce income tax or replacement tax liability.
The following premiums are exempted from the tax: all farm mutual insurance business; all annuities; all fraternal business; Medicare Part C coverage written by a certified Medicare + Choice organization; Medicaid paid by the state; crop insurance guaranteed by the federal government; group accident and health for both federal and state employees and their dependents; and deferred compensation plans for employees of the state, units of local government or school districts.
Senate Bill 1471 (PA 90-784, effective 1/01/99) -- prohibits defendants, charged with violating Illinois' mandatory auto liability insurance law, from receiving court supervision if the defendant was granted court supervision previously. The bill also requires defendants placed under supervision for violation of the mandatory auto liability insurance law to give proof of financial responsibility for up to one year with suspension of the user's license if such requirement is violated.
Senate Bill 1728 (PA 90-794, effective 8/14/98 & 1/01/99) -- amends
several sections of the Illinois Insurance Code as follows:
| 1) | Risk Based Capital - Corrective Orders (effective 8/14/98) 215 ILCS 5/35A-5, 5/35A-20, 35A-35 This amendment incorporates the Article XII½ Corrective Orders authority within the Risk Based Capital law to replace the separate and slightly different corrective orders authority currently in the Risk Based Capital law. The change will simplify and improve administrative procedures by avoiding the confusion that results when the Department takes regulatory action under the two separate provisions of authority |
| 2) | Insurance Exchange (effective 8/14/98) 215 ILCS 5/107.06a, 107.26 Clarifies which sections of Article XXV concerning fees and charges apply to an Insurance Exchange. Allows for limited syndicates to use the partnership form of organization (this authority was inadvertently eliminated in last year's changes to this Article). In the event of a rehabilitation, conservation, or liquidation of a syndicate, eliminates the 60 day deadline for determination of claims by the Immediate Access Security Association and provides that the Association is responsible for insurance obligations of the syndicate, rather than general liabilities of the syndicate. |
| 3) | Reciprocity of Deposits (effective 8/14/98) 215 ILCS 5/111(3) This amendment provides that a deposit of a foreign or alien insurance company held by a regulatory official of another state satisfies the Illinois deposit requirement, if the deposit is held for the benefit of all policyholders. This is consistent with changes previously made to other sections of the Code dealing with such deposits. The change is necessary to allow for reciprocity with Puerto Rico. It will prevent Illinois companies from being required to make additional deposits in Puerto Rico in order to do business there. |
| 4) | Industrial Insureds (effective 8/14/98) 215 ILCS 5/121-2.08, 5/123C-1, 5/143 This amendment exempts policies issued to industrial insureds from certain form filing requirements. It also amends the definition of industrial insured in two places in the Code, to make the definitions consistent with each other. This amendment will allow insurers the flexibility to offer policies tailored to the needs of large industrial insureds. Industrial insureds are sophisticated purchasers of insurance who employ expert insurance managers, buyers, and consultants and do not need the level of regulatory protection that these laws provide. |
| 5) | Investment Article (effective 8/14/98) 215 ILCS 5/126.2 This amendment expands the definition of a "qualified business entity" for purposes of serving as a securities lending agent under the new Investment Article to include an affiliate of a qualified business entity, if the affiliate's arrangements with an insurer are guaranteed by the qualified business entity. This change will allow continuation of industry practices which the Department did not contemplate affecting when the Investment Article was drafted. (affects 5/126.16, 126.29). |
| 6) | Domestic Surplus Line Insurer (effective 8/14/98) 215 ILCS 5/445 and 5/445a (new) This amendment authorizes a new form of company, a domestic surplus line insurer. Currently domestic insurers are not authorized to issue surplus line insurance in their own state of domicile, anywhere in the U.S. This law will make Illinois the only state of domicile from which an insurer may offer surplus lines coverage in all 50 states through a single company. This may lead to the formation of more Illinois companies, thus strengthening the state's economy. Also, Illinois consumers will benefit from the fact that surplus line coverage will be available from companies that are subject to the Department's regulation. |
| 7) | Special Contingent Reserves (effective 8/14/98) 215 ILCS 110/35, 165/20 This proposal caps the amount of special contingent reserves required of dental service plans and voluntary health services plans at $1,500,000 -- the amount currently required of health maintenance organizations under 125/2-4. The Department believes it is inappropriate for those entities to be required to accumulate special contingent reserves in excess of those required of HMOs. |
| 8) | Farm Mutual Investments (effective 1/1/99) 215 ILCS 120/4, 120/12 This proposal broadens the types of investments allowed for farm mutual insurance companies. The change will give these companies the opportunity to increase investment income, which will allow them to keep premium rates competitive. |
| 9) | Employee Leasing Company Act (effective 8/14/98) (215 ILCS 113/10, 15, 20, 25, 30, 40, 50, 56) This amendment includes language to streamline and clarify requirements of the Act which were either unduly burdensome or beyond the requirements of companies employing individuals indirectly. |
| 10) | Lloyds of London (effective 8/14/98) (215 ILCS 5/86, 98, 102, 103) This amendment removes the limit on the amount of insurance a Lloyds syndicate and underwriter may underwrite to any single risk. The amended language is designed to accommodate Lloyds new corporate participants and remove the outdated reserve requirement of 10% on any individual risk. |
Senate Bill 1835 (PA 90-628, effective 1/01/99) -- amends the Elder Abuse and Neglect Act. It adds financial exploitation as abusive behavior. It identifies state agencies as "mandated reporters" of suspected abuse.
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 806 (Derivative Instruments) was adopted August 7, 1998, to set standards for the prudent use of derivative instruments in accordance with PA 90-418, effective August 15, 1997. The new rule will set general guidelines and internal control procedures for derivative instruments and specify monitoring, trading and recordkeeping requirements for derivative instruments. (Vol. 22, #34; Jim Hanson or Larry Gorski)
Rule 909 (Advertising and Sales Promotion of Life Insurance and Annuities) was amended September 1, 1998, to make the definition of disciplined current scale and illustrated scale consistent with the definition contained in Rule 1406. (Vol. 22, #38); Betty Jo Teer)
Rule 935 (Minimum Mortality Standard for Valuation of Annuity and Pure Endowment Contracts) was amended to be effective January 1, 1999, to incorporate changes that were made to the "NAIC Model Rule Regulation for Recognizing a New Annuity Mortality Table for Use in Determining Reserve Liabilities for Annuities." The amendments introduce two new valuation mortality tables, the 1994 Group Annuity Reserving (1994 GAR) Table and the Annuity 2000 Mortality Table, for calculating minimum statutory reserves for individual and group annuities. These tables reflect more current and lower mortality rates than are now being used. Using lower mortality rates will increase the minimum statutory reserves for some annuity products. (Vol. 22, #38; Bruce Sartain)
Rule 936 (Supplemental Reports for Property and Casualty Insurance Companies) was adopted on August 6, 1998, to establish notification procedures and supplemental reporting requirements for property and casualty companies authorized to transact the classes of business set forth in Class 2 or Class 3 of Section 4 of the Illinois Insurance Code. (Vol. 22, #34; Sarah Fore)
Rule 1407 (Accelerated Life Benefit/Terminal Illness/Qualified Conditions) was amended September 1, 1998, to allow insurance companies to combine accelerated life benefits with qualified conditions into one policy form and to make housekeeping changes. (Vol. 22, #38; Betty Jo Teer)
Rule 4401 (Examination and Audit Procedure) was amended August 7, 1998, to revise the main authority note and other corresponding citations pursuant to PA 80-507, effective August 22, 1997, which repealed the majority of Division 5 of the Illinois Pension Code and replaced it with Article 1A. The amendment also clarify existing provisions by adding definitions and a provision that allows the Department to accept a report of audit or exam of a pension fund from a certified publica accountant. (Vol. 22, #34; Tom Jones)
Rule 4402 (Definition of Salary) was amended August 7, 1998, to revise the main authority note and other corresponding citations pursuant to PA 90-507, effective August 22, 1997, which repealed the majority of Division 5 of the Illinois Pension Code and replaced it with Article 1A. (Vol. 22, #34; Tom Jones)
Rule 4405 (Electronic Filing) was amended August 7, 1998, to revise the main authority note and other corresponding citations pursuant to PA 90-507, effective August 22, 1997, which repealed the majority of Division 5 of the Illinois Pension Code and replaced it with Article 1A. Section 1A-109 now requires all pension funds to file an annual statement with the Department. (Vol. 22, #34; Tom Jones)
Rule 4425 (Securities Custody Affidavit) was adopted September 21, 1998, to provide verification that dealers maintaining custody and possession of, or control over, the securities of a pension fund are in compliance with the statutory requirements of PA 90-507 which became effective August 22, 1997. Verification shall take the form of a notarized affidavit provided to the pension fund on an annual basis pursuant to Section 4425.40 of this rule. (Vol. 22, #40; Jim Orr)
(Copies of regulatory orders are available upon written request to the Producer Regulatory Unit, Illinois Department of Insurance, 320 W. Washington St., Springfield, IL 62767 at a cost of $1/page. The number of pages are indicated in parentheses following the effective date.)
License Revocation
Laura Clayton
610 Preston, Apt. 129
Bolingbrook, IL
Effective 8/7/98 (2)
John K. Oberhausen
4836 Creekview, Apt. 8
Rockford, IL
Effective 8/7/98 (2)
James Prince
8836 S. Ridgeland
Chicago, IL
Effective 8/7/98 (2)
Radomir Stamenkovic
205 Norman Court
Des Plaines, IL
Effective 8/21/98 (11)
Ronald J. Viemont
810 West Chalon Place
Peoria, IL
Effective 8/21/98 (10)
John R. Whitlow
215 Saratoga
Normal, IL
Effective 8/18/98 (15)
Voluntary Revocation
Cooper & Soble Insurance Agency, Inc.
5875 N. Lincoln Avenue
Chicago, IL
Effective 8/12/98 (1)
Michael M. Fisher
1500 Harbor Drive, Apt. 1K
Wheeling, IL
Effective 8/21/98 (1)
Lucesther Valentine-Diaz
5113 West 30th Place
Cicero, IL
Effective 7/15/98 (1)
Lois Soble
8500 Skokie Blvd. #2D
Skokie, IL
Effective 8/12/98 (1)
Order of Suspension
Ted S. Bernstein
950 N. Michigan Avenue #2603
Chicago, IL
Effective 8/21/98 (2)
James Joseph Doyle
PO Box 280
Hinsdale, IL
Effective 8/7/98 (2)
Mitchell Hawkins
400 Park Avenue, Unit 309
Calumet City, IL
Effective 8/21/98 (2)
Bed Kiddy
RR #2, Box 231
Carthage, IL
Effective 7/13/98 (9)
John P. Lambert
9900 S. St. Louis Avenue
Evergreen Park, IL
Effective 7/31/98 (3)
Stipulation and Consent Order - Civil Forfeiture Paid
Burton S. Arnow
436 Pintail Lane
Deerfield, IL
Effective 7/16/98 (4)
Freddy Cohen
5037 Birchwood
Skokie, IL
Effective 6/18/98 (3)
Thomas C. Dantzler
17540 Dixie Highway
Homewood, IL
Effective 7/1/98 (5)
Bonnie A. Davis
904 Park Avenue
Pekin, IL
Effective 7/1/98 (3)
Kerry Paul Erts
1915 S. Main Street
Burlington, IL
Effective 7/1/98 (3)
Christopher M. Hess
804 N. 7th Street
Dekalb, IL
Effective 7/10/98 (3)
Daniel Kent Hopwood
12822 Southport Road
Brimfield, IL
Effective 8/18/98 (3)
Lake County Insurance Service, Inc.
2225 Grand Avenue
Waukegan, IL
Effective 6/18/98 (3)
Robert Lear
4411 W. 183rd Street
Country Club Hills, IL
Effective 8/12/98 (4)
Rick C. Lidisky
1833 Lebanon Avenue
Belleville, IL
Effective 7/8/98 (5)
Lohman Brothers
935 South Oakwood Avenue
Geneseo, IL
Effective 6/18/98 (4)
Mark E. Lohman
633 E. Park Street
Geneseo, IL
Effective 6/18/98 (4)
Ronald J. Nunes
1438 Haar Lane
Elk Grove Village, IL
Effective 8/12/98 (6)
Thomas L. Petsche
1604 Bramblewood Drive NE
Solon, IA 52333
Effective 8/11/98 (3)
Plate Glass & Horizon Insurance Agencies, Inc.
999 E. Touhy Avenue #400
Des Plaines, IL
Effective 7/16/98 (4)
Jeffrey R. Purtell
165 Jackson Lane, PO Box 6098
Bloomingdale, IL
Effective 7/29/98 (4)
Anthony S. Quattrochi
660 St. Charles Road
Glen Ellyn, IL
Effective 7/15/98 (3)
John E. Schultz
213 N. Center
Melvin, IL
Effective 7/7/98 (6)
Craig B. Winholtz
2945 Primrose Lane
Decatur, IL
Effective 7/23/98 (5)
Denial of Request for Producer License
Terri E. Edmondsen
2801 S. King Drive, Apt. 1302
Chicago, IL
Effective 7/27/98 (1)
Paula P. Garst
6707 Chalet Court
Amarillo, TX
Effective 7/17/98 (2)
Tracy T. Slater
1330 Wellington Way, Apt. 1-D
Decatur, IL
Effective 8/18/98 (8)
Charles Zalis
3603 Bridge Road
Cooper City, FL
Effective 8/21/98 (9)
Barry Allan Zwirn
1112 N. Joliet Street
Wilmington, IL
Effective 8/21/98 (13)
Director's Order
T. Charles Paulus
1725 Essex
St. Charles, IL
Effective 7/31/98 (8)
$1,000.00 Civil Forfeiture
Other Action
John M. Williams
9797 S. Tripp
Oaklawn, IL
Suspension lifted effective 8/5/98 (0)
Scheduled Hearings:
Tamar & Reenan Jackson
State Farm Fire & Casualty Co.
10/6/98 Hearing No. 3680
Cancellation
Health Alliance Medical Plans, Inc.
PCS Health Systems, Inc.
10/7/98 Hearing No. 3683
Cease and desist
Michael B. Heath
10/14/98 Hearing No. 3684
Request for license
Jeffrey A. Barnes
Crystal J. Chapman
Baldwin and Company
10/28/98 Hearing No. 3685
Revocation of licensing authority
Matters Settled without Hearing:
Paul Crane
Hearing No. 3681
Dismissed 9/15/98
James L. Bowers
State Farm General Insurance Co.
Hearing No. 3651
Dismissed 6/17/98
Acquisition of Humana Inc. by United
HealthCare Corporation
Hearing No. 3678
Form A withdrawn
Hearing dismissed 8/12/98
Richard L. Moore
Nationwide Mutual Insurance Co.
Hearing No. 3676
Dismissed 8/5/98
Completed Hearings:
James Trombino
State Farm Mutual Automobile Insurance Co.
Hearing No. 3677
Nonrenewal effective 9/18/98
Edwin N. Millan
Hearing No. 3675
License denied 8/31/98
Frederick Mittleman
Hearing No. 3667
License reinstated 8/18/98
Ronald J. Viemont
Hearing No. 3663
Order of revocation upheld
License revoked 8/21/98
Allan Zwirn
Hearing No. 3646
Application for license denied 8/21/98
Charles Zalis
Hearing No. 3632
Denial of insurance application affirmed 8/21/98
David R.Dillenberger
Hearing No. 3654
Order of revocation rescinded 7/31/98
Radomir Stamenkovic
Hearing No. 3627
License revoked 8/21/98
T. Charles Paulus
Hearing No. 3647
Order of revocation 7/31/98
Georgia K. Rose
American Family Mutual Insurance Co.
Hearing No. 3671
Nonrenewal effective 7/31/98
Karen Heider
Hearing No. 3653
License denial rescinded 7/23/98
Irmagene Caldwell
Safeco Insurance Co. of Illinois
Hearing No. 3670
Cancellation effective 7/23/98
John R. Witlow
Hearing No. 3620
License revoked 8/18/98
Tracy T. Slater
Hearing No. 3664
License denial upheld 8/18/98
Financial
Pronational Casualty Company -- 7/28/98
Illinois Union Insurance Company -- 7/28/98
CIGNA Insurance Company of Illinois -- 7/28/98
Amerin Re Corporation -- 7/28/98
Amerin Guaranty Corporation -- 7/28/98
Wausau General Insurance Company -- 7/31/98
Markel Insurance Company -- 7/31/98
Evanston Insurance Company -- 7/31/98
Delta Casualty Company -- 8/4/98
Belle Prairie Farmers Mutual Insurance Company -- 8/5/98
Illinois Masonic Community Health Plan -- 8/5/98
American Country Insurance Company -- 8/11/98
General Life Insurance Company of America -- 8/18/98
Servantcor Workers Compensation Trust -- 8/20/98
Argonaut Midwest Insurance Company -- 8/24/98
United Equitable Insurance Company -- 9/2/98
National Ben Franklin Insurance Company of IL -- 9/2/98
Madison Mutual Insurance Company -- 9/2/98
Elmira Mutual Insurance Company -- 9/2/98
American Risk Funding Insurance Company -- 9/2/98
American Heartland Insurance Company -- 9/2/98
Market Conduct
Metropolitan Property & Casualty -- 7/23/98
FHP of Illinois -- 7/23/98
American Health Care Providers -- 7/23/98
American National Property & Casualty -- 8/11/98
Illinois Farmers Insurance -- 8/13/98
CIGNA HealthCare of Illinois -- 8/12/98
Health Care Indemnity -- 9/11/98
American Equity Specialty Insurance Company, CA, 8/20/98
Quadrant Indemnity Company, CT, 8/20/98
T.H.E. Insurance Company, LA, 8/12/98
Suspension
Monarch Life Insurance Company, MA, Order of Suspension extended for two years beginning 8/24/98
Fines
The following entities were issued Stipulation and Consent Orders and fined for Insurance Code violations and/or improper claims practices cited in their Illinois market conduct examinations:
American National Property & Casualty Company, MO, 8/11/98, $50,000
CIGNA HealthCare of Illinois, 8/12/98, $5,300
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