The Illinois House of Representatives late Monday passed Senate Bill 2901, which was amended to make it unlawful for workers’ compensation insurers to earn “excessive” profits.
The Democratic-backed measure passed along party lines 65-45 and is now before the Senate, which has until noon today to pass it. The deadline is when the lame duck session ends and the new legislature is sworn in.
The bill, which incorporates House Amendment 4, states that “rates shall not be excessive, inadequate or unfairly discriminatory,” and that a rate is excessive if it is &l...
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