LABOR AND INDUSTRIAL RELATIONS Workers\u27 Compensation: Alter Determination of Experience Modifiers; Change Provisions Relating to Admission and Termination of Members of a Self-Insurance Fund; Revise Provisions Relating to Maintenance of Loss Reserves

The Act amends several sections of the Workers\u27 Compensation Code. The Act provides for the inclusion of a formerly self-insured employer\u27s experience in determining an experience modifier and requires the prior self-insurance fund to release data for the replacement insurer to determine the proper experience modifier. The Act allows fund trustees, officers, or administrators to solicit membership. The Act also changes provisions relating to maintenance of loss reserves, and payment of operating expenses by fund members. The Act requires a fidelity bond for an applicant for a fund administrator\u27s license