Illinois Statutes Chapter 215. Insurance § 5/107a.08. Provisions applicable to members of a group workers' compensation pool

(1) The loss frequency inherent in the occupational framework of group members.

(2) The loss severity inherent in the occupational framework of group members.

(3) The occupational disease potential inherent in the occupational framework of group members.

(4) The occupational tasks of member employees.

(5) Any other relevant fact the group members present to the Director that has reference to the classification of similar risks (e.g. SIC codes).

(1) 20 employees and $250,000 gross annual payroll; or

(2) 10 employees and $125,000 gross annual payroll for participants who have engaged actively in business for a minimum of 3 years; or

(3) 5 employees and $62,500 gross annual payroll for participants who have actively engaged in business for a minimum of 5 years.

(1) the participant has been actively engaged in business for a minimum period of 5 consecutive years in Illinois; and

(2) the participant agrees to make all of its financial records available to the Director for reasonable inspection during the period of membership; and

(3) the pool administrator certifies to the Director that he examined the financial records of the pool participant prior to the participant's admission to the pool and found the participant to be solvent and financially stable.