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 Bill Status of HB4595  100th General Assembly


Short Description:  INS CD-EMPLOYERS INS CO

House Sponsors
Rep. Laura Fine, John Connor, Katie Stuart and Stephanie A. Kifowit

Senate Sponsors
(Sen. Daniel Biss )

Last Action
DateChamber Action
  5/22/2018SenatePostponed - Judiciary

Statutes Amended In Order of Appearance
215 ILCS 5/416
215 ILCS 5/Art. XLVI heading new
215 ILCS 5/1700 new
215 ILCS 5/1705 new
215 ILCS 5/1710 new
215 ILCS 5/1715 new
215 ILCS 5/1720 new
215 ILCS 5/1725 new
215 ILCS 5/1730 new
215 ILCS 5/1735 new
215 ILCS 5/1740 new
215 ILCS 5/1745 new
215 ILCS 5/1750 new
215 ILCS 5/1755 new
215 ILCS 5/1760 new
215 ILCS 5/1765 new


Synopsis As Introduced
Amends the Illinois Insurance Code. In the provision concerning the Illinois Workers' Compensation Commission Operations Fund surcharge, provides that after the effective date of the amendatory Act, the Director of Insurance shall make a loan of $10,000,000 to the Illinois Employers Mutual Insurance Company (the Company) from the Illinois Workers' Compensation Commission Operations Fund for the start-up funding and initial capitalization of the Company. Creates the Illinois Employers Mutual Insurance Company Article in the Code and establishes the Company as a nonprofit, independent public corporation. Provides that the Company (1) shall be operated as a domestic mutual insurance company, subject to all applicable provisions of the Code, (2) shall issue insurance for workers' compensation and occupational disease and shall not provide any other type of insurance, (3) shall not be considered a State agency or instrumentality of the State for any purpose, and (4) shall not receive any State appropriations or funds, except for an initial loan or loans. Sets forth provisions concerning a board of directors, ratemaking, the Illinois Insurance Guaranty Fund, a chief executive officer, liability, a workplace safety plan, investments, dividends, the sale of policies, auditing requirements, and an annual report. Effective immediately.

 State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
 This bill does not create a State mandate.

 Fiscal Note (Dept of Insurance)
 HB 4595 requires the Department of Insurance to loan $10,000,000 from the Illinois Workers' Compensation Commission Operations Fund to the herein created Illinois Employers Mutual Insurance Company. While the bill provides that the loan be repaid within 5 years, there is no guarantee the Company will be able to maintain the requisite cash balance to repay.

Actions 
DateChamber Action
  2/6/2018HouseFiled with the Clerk by Rep. Laura Fine
  2/6/2018HouseFirst Reading
  2/6/2018HouseReferred to Rules Committee
  2/21/2018HouseAssigned to Labor & Commerce Committee
  3/7/2018HouseDo Pass / Short Debate Labor & Commerce Committee; 015-009-000
  3/8/2018HousePlaced on Calendar 2nd Reading - Short Debate
  3/8/2018HouseAdded Co-Sponsor Rep. John Connor
  3/8/2018HouseAdded Co-Sponsor Rep. Katie Stuart
  3/28/2018HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  4/9/2018HouseFiscal Note Requested by Rep. Tom Demmer
  4/9/2018HouseState Mandates Fiscal Note Requested by Rep. Tom Demmer
  4/10/2018HouseSecond Reading - Short Debate
  4/10/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/13/2018HouseState Mandates Fiscal Note Filed
  4/19/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/24/2018HouseSecond Reading - Short Debate
  4/24/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/26/2018HouseFiscal Note Filed
  4/26/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/26/2018HouseRemoved from Short Debate Status
  4/26/2018HousePlaced on Calendar Order of 3rd Reading - Standard Debate
  4/26/2018HouseThird Reading - Standard Debate - Passed 062-043-000
  4/26/2018HouseVerified
  5/1/2018SenateArrive in Senate
  5/1/2018SenatePlaced on Calendar Order of First Reading
  5/1/2018SenateChief Senate Sponsor Sen. Daniel Biss
  5/1/2018SenateFirst Reading
  5/1/2018SenateReferred to Assignments
  5/2/2018SenateAssigned to Judiciary
  5/9/2018SenatePostponed - Judiciary
  5/11/2018SenateRule 2-10 Committee Deadline Established As May 31, 2018
  5/16/2018SenatePostponed - Judiciary
  5/22/2018SenatePostponed - Judiciary

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