Illinois General Assembly - Illinois Compiled Statutes

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820 ILCS 305/4a-1

(820 ILCS 305/4a-1) (from Ch. 48, par. 138.4a-1)

Sec. 4a-1.

The Self-Insurers Advisory Board is hereby established
within the Commission for the purpose of providing for the continuation of
workers' compensation and occupational disease benefits due and unpaid or
interrupted due to the inability of an insolvent self-insurer as defined in
subsection (d) of Section 4a-2 to meet its compensation obligations when
the employers' financial resources, security deposit, guaranty agreements,
surety agreements and excess insurance are either inadequate or not
immediately accessible for the payment of benefits, and to review and
recommend to the Chairman of the Commission the disposition of all initial
and renewal applications to self-insure filed by private self-insurers
under this Act and the Workers' Occupational Diseases Act.

(Source: P.A. 85-1385.)