(215 ILCS 5/123A-2) (from Ch. 73, par. 735A-2)
(Section scheduled to be repealed on January 1, 2027)
Sec. 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 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.
(b) "Member" means an insurance company who participates in or is
entitled to participate in the management of an advisory organization.
(c) "Subscriber" means an insurance company which is furnished at its
request with those services provided for in par. (a) of this Section by an
advisory organization of which it is not a member.
(Source: P.A. 82-626.)
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