Illinois Compiled Statutes 215 Insurance: Article VIIA - Advisory Organizations

• Illinois Insurance Code. - 215 ILCS 5, Section 123A-1
  Purpose of Article. The purpose of this Article is to authorize the existence, operation, and regulation of qualified advisory organizations generally available to all...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-2
  Definitions. As used in this Article, unless the context requires otherwise: (a) "Advisory Organization" means every person, other than an insurance company who as...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-3
  Scope of Article. The provisions of this Article apply to all classes of insurance in Section 4 of the "Illinois Insurance Code" except Clause...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-4
  Licenses - Application - Fees. (1) An advisory organization must be licensed by the Director before it is authorized to conduct activities in this...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-5
  Issuance of License. (1) The Director shall examine each application for license as an advisory organization and the supporting documents and data filed with...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-6
  Documents Prerequisite to Engaging in Activities. No advisory organization and no group, association or other organization authorized in 123A-10 of this Code may engage...
• Illinois Insurance Code. - 215 ILCS 5, Section 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...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-8
  Common Ownership or Management Organization. If 2 or more companies have common ownership or are operating in this State under common management, the advisory...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-9
  Authorization to Act. (1) Any advisory organization is authorized to compile statistics and to formulate insurance policies, bond forms and underwriting rules and to...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-10
  Compliance of Membership with Article. Any group, association or organization of admitted companies which engages in joint underwriting or joint reinsurance through any group,...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-11
  Prohibition Against Agreements of Use or Adherence. (1) Two or more companies, except as authorized in this Article or in Section 478.1 of this...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-12
  Exchange of Information or Statistical Data between Advisory Organizations and Companies. Advisory organizations, or advisory organizations and companies may exchange the type of information...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-13
  Examination of Advisory Organization, Members, Subscribers and Other Companies. (1) As often as may be reasonable and necessary, the Director must make or cause...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-14
  Notice of Violation-Suspension or Revocation of Certificate-Cease and Desist Order. If after a hearing pursuant to Sec. 123A-13, the Director finds (a) that a...
• Illinois Insurance Code. - 215 ILCS 5, Section 123A-15
  Failure to Comply With Final Order of Director; Penalty; Collection; to be in Addition to Other Penalties; Wilful Violation of Act-Misdemeanor. (1) Any person,...

Last modified: February 18, 2015