Bill > HB2441

This bill amends the Workers' Compensation Act to modify the requirements for posting a bond when seeking judicial review of a workers' compensation award. Previously, a party against whom an award was rendered had to file a bond to proceed with judicial review. Now, the bill allows the party to provide alternative forms of collateral or guarantee of payment, including filing an insurance policy, a certificate of self-insurance, placing funds in an escrow account, or filing a bond. If an insurance policy or certificate of self-insurance is filed, the other party has 20 days to object, and if the objection is sustained, the filing party has 10 days to cure the defect or provide an alternative form of collateral. The bill also specifies that certain entities, such as state agencies and municipal corporations, are exempt from having to file a bond or collateral. This change provides more flexibility for parties seeking to challenge a workers' compensation award by offering multiple options for securing the potential payment of the award if the review is unsuccessful.

Business and Industry, Labor and Employment

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2441&GAID=18&DocTypeID=HB&SessionID=114&GA=104