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.

Terms Used In Illinois Compiled Statutes 215 ILCS 5/123A-7

  • Advisory Organization: means every person, other than an insurance company who as its primary functions (i) compiles insurance statistics, or (ii) prepares insurance policies, bond forms, and underwriting rules, and (iii) furnishes that which it compiles and prepares to insurance companies who are its only members and subscribers. See Illinois Compiled Statutes 215 ILCS 5/123A-2
  • Member: means an insurance company who participates in or is entitled to participate in the management of an advisory organization. See Illinois Compiled Statutes 215 ILCS 5/123A-2
  • Subscriber: means an insurance company which is furnished at its request with those services provided for in par. See Illinois Compiled Statutes 215 ILCS 5/123A-2
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