INS CD - FIDUCIARY DUTY

Amends the Illinois Insurance Code. In the provisions concerning definitions and interchangeable terms, provides that trustees of a group workers' compensation pool owe the same fiduciary duty to the pool and its members and be held to the same duty of care in the management and administration of the pool as directors of a stock corporation. In the provisions concerning pool administration, sets forth additional disclosure requirements for administrators. Provides that service companies for group workers' compensation pools are subject to supervision and examination in the same manner as the administrators for group workers compensation insurance pools.