Formed in 1987 to write private mortgage insurance, Triad Guaranty Insurance Corporation, In Rehabilitation ("Triad") is a wholly owned subsidiary of Triad Guaranty Inc. Triad ceased issuing commitments for new business on July 15, 2008 and entered into voluntary run-off. Existing certificates will continue to be honored. In run-off Triad will continue to manage existing insurance in-force by paying valid claims, collecting premiums and partnering with our customers to develop solutions to keep borrowers in their homes and reduce mortgage related losses. On December 11, 2012, the Illinois Department of Insurance (the "Department") placed Triad in rehabilitation. Triad and the Department will work together to prepare a Rehabilitation Plan that is expected to be filed with the Circuit Court of Cook County, Illinois in the first quarter of 2013.