(215 ILCS 5/107a.15)
Sec. 107a.15.
Authority of Director.
(a) If the Director determines that a group workers'
compensation pool is not in compliance with this Article, the Director
shall
require the pool to eliminate the condition causing the noncompliance within a
specified time
from the date the notice of the Director's requirement is mailed or delivered
to the pool.
(b) If a pool fails to comply with the Director's requirement, the pool
shall be deemed
to be in a hazardous financial condition, and the Director may take one or more
of the actions
authorized by law as to pools in hazardous financial condition.
(Source: P.A. 91-757, eff. 1-1-01.)
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