The Office of the Special Deputy Receiver (OSD) in Chicago, IL is responsible for the receivership resolution of troubled insurance companies in Illinois. Their mission is to protect consumers by efficiently managing the resolution process for each company, including maximizing asset recovery, fairly settling claims, and ensuring timely delivery of assets to creditors.
OSD provides up-to-date information on insurance companies in receivership through their continuously updated website, allowing claimants to access the latest news and status updates. They work closely with outside agencies such as the Illinois Department of Insurance and the National Association of Insurance Commissioners to ensure transparency and provide a comprehensive database of company information for consumers and interested parties.
Generated from the website