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Ins Cd-employers Ins Co

This bill failed and is no longer moving.

IL SB 2973 · Senate Bill · 100th

Stage
Failed
Started in
Senate
Sponsor
1
Latest action
Jan 9, 2019

What it does

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,…

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

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Who is involved

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Illinois.

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INS CD-EMPLOYERS INS CO | 52