(215 ILCS 5/123A-9) (from Ch. 73, par. 735A-9)
(Section scheduled to be repealed on January 1, 2027)
Sec. 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
furnish that which it prepares to its members and subscribers.
(2) Subject to the provisions of this Article, two or more companies are
authorized to act in concert with each other and with others with respect
to any activities of an advisory organization as authorized under this
Article.
(3) Any company is authorized but not required by this Article to
furnish to any advisory organization information in its possession relating
to that which the advisory organization is authorized in this Article.
(4) Any company is authorized to become a member or subscriber to any
advisory organization.
(5) The Director may review such cooperative activities and practices as
are authorized in this section and if, after a hearing upon notice to all
the cooperating parties, he finds that any activity or practice is unfair
or unreasonable or otherwise inconsistent with the provisions of the
Illinois Insurance Code, he may issue a written order requiring the
discontinuance of such activity or practice.
(Source: P.A. 77-1882.)
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