|
|
|
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB5697
Introduced , by Rep. Marlow H. Colvin SYNOPSIS AS INTRODUCED: |
|
|
Amends the Illinois Insurance Code Workers' Compensation provisions. Provides that if an employer fails to provide the insurer or its authorized representative with which it has its workers' compensation insurance policy with reasonable access to payroll records for a payroll verification audit when requested by the insurer under the terms of the employer's workers' compensation insurance policy, the employer shall be liable to pay to the insurer a total premium for the policy equal to 3 times the insurer's then-current estimate of the annual premium on the expiration of the policy. Provides that the Section shall only apply if the insurer complies with the conditions set forth in the provision. Provides that the insurer shall have and follow regular and reasonable rules
and procedures to notify employers of their duty to provide for
access to records, and to contact employers to make appointments
during regular business hours for that purpose. Provides that upon the employer's failure to provide access after the
insurer's third request during at least a 90-day period, the insurer
may notify the employer through its mailing of a certified,
return-receipt, document of the increased premium and the total
amount of the costs incurred by the insurer for its attempts to
perform an audit. Makes other changes. Effective immediately.
|
| |
|
|
A BILL FOR
|
|
|
|
|
HB5697 |
|
LRB095 19720 KBJ 46085 b |
|
|
1 |
| AN ACT concerning regulation.
|
2 |
| Be it enacted by the People of the State of Illinois,
|
3 |
| represented in the General Assembly:
|
4 |
| Section 5. The Illinois Insurance Code is amended by adding |
5 |
| Section 462c as follows: |
6 |
| (215 ILCS 5/462c new) |
7 |
| Sec. 462c. Workers' compensation; audits. |
8 |
| (a) If an employer fails to provide the insurer or its |
9 |
| authorized representative with which it has its workers' |
10 |
| compensation insurance policy with reasonable access to |
11 |
| payroll records for a payroll verification audit when requested |
12 |
| by the insurer under the terms of the employer's workers' |
13 |
| compensation insurance policy, the employer shall be liable to |
14 |
| pay to the insurer a total premium for the policy equal to 3 |
15 |
| times the insurer's then-current estimate of the annual premium |
16 |
| on the expiration of the policy. This Section shall only apply |
17 |
| if the insurer complies with the conditions set forth in |
18 |
| subsection (c). |
19 |
| (b) The insurer shall have and follow regular and |
20 |
| reasonable rules
and procedures to notify employers of their |
21 |
| duty to provide for
access to records, and to contact employers |
22 |
| to make appointments
during regular business hours for that |
23 |
| purpose. |