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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6862
Introduced 02/09/04, by Frank J. Mautino SYNOPSIS AS INTRODUCED:
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Amends the Illinois Insurance Code. Adds the Industrial Commission Operations Fund Surcharge to group workers' compensation pools considered to be assessable domestic mutual insurance companies. Effective July 1, 2004.
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A BILL FOR
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HB6862 |
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LRB093 16351 SAS 41989 b |
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| AN ACT concerning insurance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Insurance Code is amended by |
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| changing Section 107a.04 as follows:
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| (215 ILCS 5/107a.04)
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| Sec. 107a.04. Organization under the Illinois Insurance |
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| Code.
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| (a) After December 31, 2000, group workers' compensation |
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| pools shall for the
purpose of
this Article, and this Article |
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| only, be considered as though they were
assessable domestic |
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| mutual
insurance companies and subject to the following:
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| (1) Article XII 1/2, Article XIII, Article XIII 1/2, |
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| Article XXIV;
and
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| (2) Sections 126.2, 126.4, 126.7, 132, 132.1 through |
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| 132.7, 133, 134, 137,
139,
140,
141.1, 141.2,
142, 143, |
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| 143c, 147, 148, 149, 154.5, 154.6, 154.7, 154.8, 155.01, |
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| 155.04,
173.1, 173.2, 173.3,
173.4, 173.5, 174, 174.1, 175, |
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| 176, 178, 179b, 378, 379.1, 408, 408.3, 416, 449,
456, 457, |
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| and 458,
subsections A, B, C, and E of Section 126.5, |
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| subsection A of Section 126.6, and
subsections (1) and (7) |
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| of
Section 412 of this Code.
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| (b) If there is a conflict between any Section of this |
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| Article and any
other Section of this
Code, then the provisions |
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| of this Article shall apply.
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| (c) No other provision of this Code shall be applicable to |
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| any qualified
workers'
compensation group workers' |
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| compensation pool except as provided in this
Article.
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| (d) A certificate of authority that is in effect on the |
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| effective date of
this amendatory Act of the 91st General |
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| Assembly and that was issued pursuant
to Section 4a of the |
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| Workers' Compensation Act or Section 4a of the Workers'
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