2024-04-16T14:20:44-05:00 2023-12-31 990 2023-01-01 363117539 Illinois Life & Health Insurance Guaranty Association % Janis D Potter ILLI 7737148050 901 Warrenville Road Ste 400 Lisle IL 60532 JANIS D POTTER Executive Director 7737148050 2024-04-16 JANIS POTTER XXX-XX-XXXX false 1 AAL2 IAL1 2023 2023-04-26 12:10:37Z JANIS D POTTER 901 Warrenville Rd Ste 400 Lisle IL 60532 14512124 false X www.ilhiga.org X 1980 IL Organized in 1980 under Chapter 215 Art XXXIIII12 of the Illinois Insurance Code to assure fulfillment of covered policy obligations 11 11 9 11 0 0 3458002 11631222 2656387 2880902 0 6114389 14512124 0 0 1315376 1336807 0 0 9716906 9627046 11032282 10963853 -4917893 3548271 82535675 89725084 13691731 13757730 68843944 75967354 X Purpose is to protect Illinois resident policyholders, enrollees and their beneficiaries, assignees and payees covered by the Act in the event of the insolvency of a member insurer by payment of benefits. false false 11000000 15000000 The expenses during 2023 were $11 million of which $8 million was paid to or on behalf of policyholders. Revenue during 2023 totaled $15 million which was comprised of $7 million in estate recoveries; $3 million in premium collections; $3 million in net investment income; $2 million in assessments. N/A N/A 11000000 false false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 260 0 true 9 true false false false false false false false false false false X 11 11 false false false false true true true true true false false true true true true true true true false false X JANIS D POTTER 7737148050 901 Warrenville Road Ste 400 Lisle IL 60532 JANIS D POTTER Executive Director 40.00 X 453222 0 64248 LILLIAN CILANO Controller 40.00 X 204182 0 36078 DAVID K HILL Chair 1.000 X X 0 0 0 JAMES R JONES DOI Appointee 1.000 X 0 0 0 Prudential Insurance Co Director 1.000 X 0 0 0 Aetna Life Insurance Co Director 1.000 X 0 0 0 State Farm Life Insurance Director 1.000 X 0 0 0 Principal Life Insurance Director 1.000 X 0 0 0 Trustmark Insurance Co Director 1.000 X 0 0 0 Northwestern Mutual Life Director 1.000 X 0 0 0 Healthcare Service Corp Director 1.000 X 0 0 0 UnitedHealthcare Insurance Director 1.000 X 0 0 0 Country Life Insurance Director 1.000 X 0 0 0 CHAD ALLEN SecretaryTreasurer 1.000 X X 0 0 0 657404 100326 2 false true false LEWIS ROCA ROTHGERBER CHRI 1601 19TH STREET Ste 1000 DENVER CO 80202 LEGAL SERVICES 94832 Estate Recoveries 524298 6663901 6663901 Premiums 524298 3225496 3225496 Assessments 524298 1696250 1696250 45575 45575 11631222 2880902 2880902 0 14512124 11631222 2880902 517470 481462 60662 211022 66191 94042 41812 50000 78644 69023 111729 167406 213304 47650 14890 12375 85138 Benefits to Policyholders 7989665 Expenses Paid to NOLHGA 363898 Reserve Transfer Activity 208685 78785 10963853 0 0 0 439339 419017 3452516 17395276 30289 85575 8724 8843 362803 337969 20997 24834 76681825 69494518 1477562 1987403 372739 259956 51684 49662 82535675 89725084 92696 78127 13599035 13679603 13691731 13757730 X 419879 1623779 68424065 74343575 68843944 75967354 82535675 89725084 3548271 3575139 X X false true X true false false false false false false false false 362803 337969 24834 24834 InvestmentEquities 1987403 1987403 Rent Security Deposit 49662 49662 Reserve for closednonactivated 13366656 Lease Liabilities Operating 311447 Assessment Suspense 1500 13679603 X 1801846 1801846 12710278 12710278 14512124 597946 597946 10365907 10365907 10963853 P10, Ln 2 The association is exempt from federal income taxes under section 501(C)(6) P10, Ln 2 of the internal revenue code. The association is also exempt from payment P10, Ln 2 of all fees and taxes levied by the State of Illinois. P10, Ln 2 Management evaluates the association's exposure for uncertain tax P10, Ln 2 positions at each reporting period. As of December 31, 2023, management P10, Ln 2 believes the association has no material uncertain tax positions P10, Ln 2 and therefore, no such liabilities have been recorded. The association P10, Ln 2 would count for any potential interest or penalties related to possible P10, Ln 2 future liabilities for unrecognized income tax benefits as income tax P10, Ln 2 expense. P11, Ln 4b Revenue from Insolvent Estates & Intercompany Adjustments $12,710,278 P12, Ln 4b Expenses from Insolvent Estates & Intercompany Adjustments $10,365,907 X X X X X false false false false false false false false false JANIS D POTTER Executive Director 313504 61200 78518 27376 36872 517470 LILLIAN CILANO Controller 168354 8000 27828 12270 23808 240260 DAVID K HILL Chair JAMES R JONES DOI Appointee Prudential Insurance Co Director Aetna Life Insurance Co Director State Farm Life Insurance Director Principal Life Insurance Director Trustmark Insurance Co Director Northwestern Mutual Life Director Healthcare Service Corp Director UnitedHealthcare Insurance Director Country Life Insurance Director CHAD ALLEN SecretaryTreasurer Part VI Line 11b Review completed by Audit Committee and full Board of Directors Part VI Line 19 Documents available upon request Part VI, Section A, Line 6 All insurance companies licensed to write health, life, annuity Part VI, Section A, Line 6 and other related contracts are required to be member insurers. Part VI, Section A, Line 7a Member insurers elect not less than 7 nor more than 11 member Part VI, Section A, Line 7a insurers to be represented on the Board of Directors. Director of Part VI, Section A, Line 7a Insurance may appoint two public representatives. Part VI, Section A, Line 7b Plan of Operation approved by Director of Insurance in 2018. Part VI, Section B, Line 11b Form 990 prepared by ILHIGA's Controller, reviewed by Audit Committee Part VI, Section B, Line 11b and then approved by the Full Board at Annual Meeting. Form 990 Part VI, Section B, Line 11b signed by Executive Director. Part VI, Section B, Line 12c Executive Director responsible for ensuring that Conflict of Part VI, Section B, Line 12c Interest and Business Ethics policy is delivered to all Part VI, Section B, Line 12c ILHIGA related personnel, including directors, staff, independent Part VI, Section B, Line 12c contractors, legal, and other consultants. Part VI, Section B, Line 15a Compensation of Executive Director reviewed and approved by Part VI, Section B, Line 15a Executive Committee of Board of Directors. Part VI, Line 15b NA more appropriate answer as no other officers/employees. Part VI, Section C, Line 19 All persons are entitled to access the public records. Part XII, Line 2c External auditors perform annual audit. Audit Committee reviews Part XII, Line 2c and approves and makes recommendation to Full Board for final Part XII, Line 2c adoption. The Executive Director files the audited financial Part XII, Line 2c report with the Illinois Director of Insurance by the compliance Part XII, Line 2c due date.