(Section scheduled to be repealed on January 1, 2027)

183 words·~1 min read·/il/chapter-215/act-5/1-37

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 123A-7. Eligibility for membership-activities of Advisory Organization. Subject to the approval of the Director, every advisory organization must make reasonable rules governing eligibility for membership and must make rules governing their activities. These rules must provide that the advisory organization will

(a)permit any admitted company to become a member of or a subscriber to such

organization at a reasonable cost and without discrimination, or to withdraw therefrom;

(b)refrain from adopting any policy, the effect of which would be to require any member

or subscriber as a condition to membership or subscribership, to adhere to its insurance statistics, insurance policies, bond forms, or underwriting rules;

(c)neither practice nor sanction any plan or act of boycott or intimidation tending to

result in the unreasonable restraint of or monopoly in the business of insurance; and

(d)allow admitted companies who are not members or subscribers to the organization to

purchase the same services of such organization as are made available to members and subscribers without discrimination as respects costs to members and subscribers.