Rep. Jay Hoffman

Filed: 4/2/2019

 

 


 

 


 
10100HB2173ham003LRB101 05282 AMC 59048 a

1
AMENDMENT TO HOUSE BILL 2173

2    AMENDMENT NO. ______. Amend House Bill 2173 on page 12, by
3replacing lines 5 through 15 with the following:
4    "The Fund may also, at its sole discretion and without
5assumption of any ongoing duty to do so, pay any workers
6compensation claims or any other third-party claims covered by
7a policy of an insolvent company on behalf of a high net worth
8insured as defined in paragraph (iv) of subsection (b) of
9Section 534.3. In that case, the Fund shall recover from the
10high net worth insured under this Section for all amounts paid
11on its behalf, all allocated claim adjusted expenses related to
12such claims, the Fund's attorney's fees, and all court costs in
13any action necessary to collect the full amount to the Fund's
14reimbursement under this Section.".