Sec. 20. Registration.

241 words·~1 min read·/il/chapter-215/act-113/20

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A lessor shall register with the Department prior to becoming a qualified self-insured for workers' compensation or becoming eligible to be issued a workers' compensation and employers' liability insurance policy. The registration shall:

(1)identify the name of the lessor;

(2)identify the address of the principal place of business of the lessor;

(3)include the lessor's taxpayer or employer identification number;

(4)include a list by jurisdiction of each and every name that the lessor has operated

under in the preceding 5 years including any alternative names and names of predecessors;

(5)include a list of the officers and directors of the lessor and its predecessors,

successors, or alter egos in the preceding 5 years; and

(6)include a $1,000 fee for the registration and each annual renewal thereafter.

Amounts received as registration fees shall be deposited into the Insurance Producer Administration Fund.

(b)(Blank).

(c)Lessors registering pursuant to this Section shall notify the Department within 30 days as to any changes in any information provided pursuant to this Section.

(d)The Department shall maintain a list of those lessors who are registered with the Department.

(e)The Department may prescribe any forms that are necessary to promote the efficient administration of this Section.

(f)Any lessor that was doing business in this State prior to enactment of this Act shall register with the Department within 60 days of the effective date of this Act.