WRK COMP OPERATIONS FUND FEE

Amends the Illinois Insurance Code and the Workers' Compensation Act. On July 1, 2010, reduces the annual Illinois Workers' Compensation Commission Operations Fund Surcharge from 1.01% to 0.5% and reduces the annual Workers' Compensation Commission Operations Fund Fee from 0.0075% to 0.0035%. Provides that the Illinois Workers' Compensation Commission Operations Fund Surcharge and the Illinois Workers' Compensation Commission Operations Fund Fee may not be charged on or after July 1, 2011, but the Department of Insurance and Illinois Workers' Compensation Commission may continue to exercise powers and duties with respect to payments due before July 1, 2011 and delinquencies, penalties, and overpayments with respect to those payments. Effective July 1, 2010.