Illinois HB 5228: PERMANENT NOISE MONITOR-TECH

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HB5228 EnrolledLRB104 20014 SPS 33465 b

1 AN ACT concerning employment.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Insurance Code is amended by 

5changing Section 416 as follows:

6 (215 ILCS 5/416)

7 Sec. 416. Illinois Workers' Compensation Commission 

8Operations Fund Surcharge. 

9 (a) As of July 30, 2004 (the effective date of Public Act 

1093-840), every company licensed or authorized by the Illinois 

11Department of Insurance and insuring employers' liabilities 

12arising under the Workers' Compensation Act or the Workers' 

13Occupational Diseases Act shall remit to the Director a 

14surcharge based upon the annual direct written premium, as 

15reported under Section 136 of this Act, of the company in the 

16manner provided in this Section. Such proceeds shall be 

17deposited into the Illinois Workers' Compensation Commission 

18Operations Fund as established in the Workers' Compensation 

19Act. If a company survives or was formed by a merger, 

20consolidation, reorganization, or reincorporation, the direct 

21written premiums of all companies party to the merger, 

22consolidation, reorganization, or reincorporation shall, for 

23purposes of determining the amount of the fee imposed by this 

HB5228 Enrolled- 2 -LRB104 20014 SPS 33465 b

1Section, be regarded as those of the surviving or new company.

2 (b) Beginning on July 30, 2004 (the effective date of 

3Public Act 93-840) and on July 1 of each year thereafter 

4through 2023, the Director shall charge an annual Illinois 

5Workers' C