Hasemann v. White

Docket No. 82384–Agenda 35–May 1997.

FRANK HASEMANN et al. , Appellees, v. KAREN WHITE et al. , Appellants.

Opinion filed September 25, 1997.

The Insurance Code establishes the Illinois Insurance Guaranty Fund (the Fund), a nonprofit entity created to protect policyholders of insolvent insurers and third parties making claims under policies issued by insurers that become insolvent. 215 ILCS 5/532 et seq . (West 1994). To make a claim on the Fund, a claimant possessing a “[c]overed claim” must first “exhaust his rights” under any other insurance policy applicable to the loss in question. 215 ILCS…