Triad Guaranty Insurance Corporation, based in Winston Salem, NC, is currently in rehabilitation under the supervision of the Illinois Director of Insurance. Since ceasing new business in 2008, the company has been operating in voluntary run-off, with a court-approved Plan of Rehabilitation in place to manage the distribution of assets to policyholders.
Under the Plan, policyholders can file claims for loss, unearned premium, and return of premium, with payments made at a rate of 75% of the amount due and a deferred payment obligation for the remaining 25%. The company's financial forecast extends through 2020, outlining the process for handling claims and ensuring the orderly distribution of assets during the rehabilitation process.
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