HB2947 Summary

• Transfers all powers, duties, and responsibilities of the Insurance Compliance Division from the Illinois Workers' Compensation Commission to the Department of Insurance, effective July 1, 2021.

• Transfers all personnel, records, documents, and property of the Insurance Compliance Division to the Department of Insurance while preserving employee rights under the Personnel Code and collective bargaining agreements.

• Establishes a fraud and insurance non-compliance unit within the Department of Insurance responsible for investigating workers' compensation fraud and insurance non-compliance violations.

• Modifies penalties for workers' compensation insurance violations, including citation fines ranging from $500-$2,500 for non-compliance and civil penalties up to $1,000 per day for knowing and willful failures.

• Requires the Department of Insurance to submit annual reports on the workers' compensation insurance market and establishes reporting requirements for insurers on claims data and administrative costs.