(215 ILCS 5/107a.15)
Sec. 107a.15. Authority of Director.
(a) If the Director determines that a group workers' compensation pool is not in compliance with this Article, the Director shall require the pool to eliminate the condition causing the noncompliance within a specified time from the date the notice of the Director's requirement is mailed or delivered to the pool.
(b) If a pool fails to comply with the Director's requirement, the pool shall be deemed to be in a hazardous financial condition, and the Director may take one or more of the actions authorized by law as to pools in hazardous financial condition.
(Source: P.A. 91-757, eff. 1-1-01.)
Sections: Previous 107a.01 107a.02 107a.03 107a.04 107a.05 107a.06 107a.07 107a.08 107a.09 107a.10 107a.11 107a.12 107a.13 107a.14 107a.15
Last modified: February 18, 2015