93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5472

 

Introduced 2/6/2004, by Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
820 ILCS 305/4a-1   from Ch. 48, par. 138.4a-1

    Amends the Workers' Compensation Act. Makes a technical change to a Section concerning the Self-Insurers Advisory Board.


LRB093 17199 WGH 42865 b

 

 

A BILL FOR

 

HB5472 LRB093 17199 WGH 42865 b

1     AN ACT in relation to workers' compensation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Workers' Compensation Act is amended by
5 changing Section 4a-1 as follows:
 
6     (820 ILCS 305/4a-1)  (from Ch. 48, par. 138.4a-1)
7     Sec. 4a-1. Self-Insurers Advisory Board. The Self-Insurers
8 Advisory Board is hereby established within the Commission for
9 the purpose of providing for the continuation of workers'
10 compensation and occupational disease benefits due and unpaid
11 or interrupted due to the inability of an insolvent
12 self-insurer as defined in subsection (d) of Section 4a-2 to
13 meet its compensation obligations when the employers'
14 financial resources, security deposit, guaranty agreements,
15 surety agreements and excess insurance are either inadequate or
16 not immediately accessible for the payment of benefits, and to
17 review and recommend to the Chairman of the Commission the
18 disposition of all initial and renewal applications to
19 self-insure filed by private self-insurers under this Act and
20 the Workers' Occupational Diseases Act.
21 (Source: P.A. 85-1385.)