INS CD-EMPLOYERS INS CO Senate SponsorsSen. John J. Cullerton 1/9/2019SenateSession Sine Die 215 ILCS 5/416215 ILCS 5/Art. XLVI heading new215 ILCS 5/1700 new215 ILCS 5/1705 new215 ILCS 5/1710 new215 ILCS 5/1715 new215 ILCS 5/1720 new215 ILCS 5/1725 new215 ILCS 5/1730 new215 ILCS 5/1735 new215 ILCS 5/1740 new215 ILCS 5/1745 new215 ILCS 5/1750 new215 ILCS 5/1755 new215 ILCS 5/1760 new215 ILCS 5/1765 newAmends 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 one or more loans to the Illinois Employers Mutual Insurance Company (the Company) in an amount not to exceed an aggregate amount of $10,000,000 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. 2/9/2017SenateFiled with Secretary by Sen. Daniel Biss 2/9/2017SenateFirst Reading 2/9/2017SenateReferred to Assignments 2/15/2017SenateAssigned to Judiciary 3/1/2017SenateTo Subcommittee on Tort Reform 3/17/2017SenateRule 3-9(a) / Re-referred to Assignments 1/6/2019SenateChief Sponsor Changed to Sen. John J. Cullerton 1/9/2019SenateSession Sine Die