Helpful Resources for Member Companies
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Board of Directors
IIGF’s ten-person board is comprised of representatives from nine member insurance companies who are elected to staggered three-year terms, plus one public member appointed by the Director of Insurance. Nominations and voting take place each year between the March and June board meetings, with elections finalized at the Annual Meeting of Members in June. Elections are subject to the approval of the Director of Insurance. Member companies typically cast votes by proxy per the process described below.
IIGF is required to provide audited financial statements to the Illinois Department of Insurance annually. Copies are available to member companies upon request.
IIGF’s Board of Directors typically approves assessment actions at the quarterly meeting each September, although circumstance at times call for off-cycle assessment decisions. Statements are normally provided to member companies in late November or December of each year. These statements detail new assessments, calls upon new assessments or uncalled prior assessments, refunds of past assessments called, and abatements of uncalled prior assessments.
Premium Reporting (“Exhibit A”)
Member companies may provide information useful to IIGF in refining the company’s assessment calculations, which are based on premiums written in the year prior to a new liquidation or the re-assessment of a prior liquidation. Authorized company representatives can access the portal here. If you are unable to access the portal, please contact us for assistance.
Member companies participate in IIGF’s Board of Directors elections by submitting a proxy voting ballot. Members have the option of supporting the candidates put forward by the Nominating Committee or writing in their own candidate(s). Authorized company representatives can access the portal here. If you are unable to access the portal, please contact us for assistance.