Bill Title: Amends the Illinois Insurance Code. Provides that any insurer with less than $100,000,000 in group surplus authorized to issue workers' compensation policies with a per-occurrence deductible of $100,000 or greater shall report the outstanding obligations owed under the deductible as liabilities of the insurer, unless the obligation is fully collateralized, and limit per-occurrence deductible obligations. Effective July 1, 2015.

Spectrum: Moderate Partisan Bill (Democrat 6-1)

Status: (Passed) 2015-08-14 - Public Act . . . . . . . . . 99-0369 [SB1805 Detail]

Text: Latest bill text (Chaptered) [HTML]

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