Bill > HB4942

This bill, titled "WORK COMP-SURCHARGES & FEES," amends the Illinois Insurance Code and the Workers' Compensation Act to increase certain fees and surcharges that fund the Illinois Workers' Compensation Commission Operations Fund and the Rate Adjustment Fund. Specifically, it raises the Illinois Workers' Compensation Commission Operations Fund Surcharge, which is paid by insurance companies based on their direct written premiums for workers' compensation policies, and the Illinois Workers' Compensation Commission Operations Fund Fee, paid by self-insured employers based on their annual wages. The bill also adjusts the payments made into the Rate Adjustment Fund, which helps cover the costs of workers' compensation benefits. These changes are intended to ensure sufficient funding for the operations of the Illinois Workers' Compensation Commission and to manage the costs associated with workers' compensation claims.

https://www.ilga.gov/Legislation/BillStatus?DocNum=4942&GAID=18&DocTypeID=HB&SessionID=114&GA=104