Dearborn was a corporation organized and existing under the laws of the state of Illinois to conduct the business of insurance.
In April 1996, Dearborn was acquired by Legion Financial Corporation and on May 15, 1996 its name was changed to Legion Indemnity.
By order entered on April 9, 2003, in a Court of competent jurisdiction of the State of Illinois, Legion Indemnity was placed in liquidation.
By order entered on October 3, 2003, pursuant to Regulation 41 and Article 74 of the Insurance Law, the Superintendent of Insurance of the State of New York was appointed
Conservator of Regulation 41 Trust Funds established by or on behalf of Legion Indemnity.