Illinois General Assembly - Illinois Compiled Statutes

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820 ILCS 310/23

(820 ILCS 310/23) (from Ch. 48, par. 172.58)

Sec. 23.

No employee, personal representative, or beneficiary shall have
power to waive any of the provisions of this Act in regard to the amount
of compensation which may be payable to such employee, personal
representative or beneficiary hereunder except after approval by the
Commission, and any employer, individually, or by his agent, service company,
or insurance carrier who shall enter into an agreement purporting to compromise
or settle the compensation rights of an employee, personal representative
or beneficiary without first obtaining the approval of the Illinois Workers' Compensation
						
Commission as aforesaid shall be barred from raising the defense of limitation
in any proceedings subsequently brought by such employee, personal
representative or beneficiary.

A minor death beneficiary, by parent or grandparent as next friend, may
compromise disputes and may enter into and submit a settlement contract or
lump sum petition, and upon approval by the Illinois Workers' Compensation Commission such
settlement contract or lump sum order shall have the same force and effect
as though such minor had been an adult.

(Source: P.A. 93-721, eff. 1-1-05.)