During the next few weeks, the Illinois House Insurance Committee will examine a bill that would allow the Department of Insurance to fine government self-insurance pools that fail to submit solvency reports.Lawmakers referred Senate Bill 2339 to the state's House Insurance Committee. The bill would require state agencies' joint workers' compensation insurance pools to file actuarial analyses of the pools' solvency and allow the insurance commissioner to fine non-compliant pools $500 a day. It would cap the total amount of penalties at $10,000, and grant the insurance commissio...
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