reglab/housing_qa huggingface dataset:
215 ILCS 5/123.3
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

(215 ILCS 5/123.3) (from Ch. 73, par. 735.3)Sec. 123.3.         Insurance Sales by Companies in Hazardous Financial  Condition Prohibited. Notwithstanding any other provision of this Code, no  unauthorized foreign or alien company officer, director, trustee, agent or  employee of such company may renew, issue, or deliver or cause to be  renewed, issued or delivered any policy, contract, or certificate of  insurance for which a premium is charged or collected if the Director of  Insurance has found that such company is in a hazardous financial condition  and such officer, director, trustee, agent or employee is aware of such finding.If upon request of the Director, such company officer, director, trustee  or employee is unable or unwilling to submit to the Director a copy of such  unauthorized company's most recent financial statement, such unwillingness  or inability shall be deemed prima facie evidence of a hazardous financial condition.However, a finding of hazardous financial condition does not prevent the  issuance or renewal of a policy when an insured or owner exercises an  option granted to him under an existing policy to obtain new, renewed or  converted insurance coverage.Any company officer, director, trustee, agent, or employee of such  company violating this Section shall be guilty of a Class A misdemeanor.    (Source: P.A. 85-1139.)
215 ILCS 5/Art. VIIA heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 ARTICLE VIIA.      ADVISORY ORGANIZATIONS (Article scheduled to be repealed on January 1, 2027)
215 ILCS 5/123A-1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-1)(Section scheduled to be repealed on January 1, 2027)Sec. 123A-1.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 admitted companies and to permit under certain conditions joint  underwriting and joint reinsurance.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-2
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (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.)
215 ILCS 5/123A-3
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-3)(Section scheduled to be repealed on January 1, 2027)Sec. 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 (d) of Class 2.This Article applies to all companies, Lloyds associations, reciprocal  and interinsurance exchanges, and Fraternal Benefits Societies which, under  the laws of this State, write any of the kinds of insurance to which this  Article applies.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-4
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-4)(Section scheduled to be repealed on January 1, 2027)Sec. 123A-4.     Licenses - Application - Fees.(1) An advisory organization must be licensed by the Director before it  is authorized to conduct activities in this State.(2) Any advisory organization shall make application for a license as an  advisory organization by providing with the application satisfactory  evidence to the Director that it has complied with Sections 123A-6 and  123A-7 of this Article.(3) The fee for filing an application as an advisory organization is $50  payable to the Director.    (Source: P.A. 93-32, eff. 7-1-03.)
215 ILCS 5/123A-5
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-5)(Section scheduled to be repealed on January 1, 2027)Sec. 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 it  and may make a further investigation of the applicant and its officers, its  affairs, and its proposed plan of operation.(2) The Director shall issue the license applied for within 45 days from  the date the application is properly submitted to him if he is satisfied(a) that the applicant, its officers, its affairs and     its proposed plan of operation conform to this Article;(b) that the business reputation of the applicant is     good and that the business reputation and character of its officers is good; and(c) that the rules required under Section 123A-7 are     reasonable and conform with this Article.(3) The Director shall notify in writing the applicant of his decision  to deny the application and submit the reasons for the denial. The  applicant has 10 days from the date he receives the Director's denial to  request a hearing which shall be held within 20 days of the date of the  request.(4) Any advisory organization conducting activities in this State for a  period of at least 90 days prior to the effective date of this Article is  authorized to continue to conduct its activities in this State without the  required license for 90 days from the effective date of this Article if the  activities comply with this Article.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-6
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-6)(Section scheduled to be repealed on January 1, 2027)Sec. 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 in activities in this State  unless it has filed with the Director(a) a copy of its constitution, of its articles of     incorporation, agreement or association, and of its by-laws, rules and regulations governing its activities, all duly certified by the custodian of the originals thereof;(b) a list of its members and subscribers; and(c) the name and address of a resident of this State     upon whom notices or orders of the Director or process may be served.Every such organization shall notify the Director promptly of every  change in its constitution, in its article of incorporation, agreement or  association, and in its by-laws, rules and regulations governing the  conduct of its business; in its list of members and subscribers; and in the  name and address of the resident of this State designated by it upon whom  notices or orders of the Director or process affecting such organization  may be served.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-7
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-7)(Section scheduled to be repealed on January 1, 2027)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.   (Source: P.A. 77-1882.)
215 ILCS 5/123A-8
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-8)(Section scheduled to be repealed on January 1, 2027)Sec. 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 organization may require as a  condition to membership or subscribership of one or more then all such  companies must become members or subscribers.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-9
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (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.)
215 ILCS 5/123A-10
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-10)(Section scheduled to be repealed on January 1, 2027)Sec. 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,  association or organizations or by standing agreement among the members of  such organizations, which has complied with the applicable provisions of  this Article are authorized to conduct joint reinsurance and joint  underwriting activities relative to individual risks in this State.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-11
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-11)(Section scheduled to be repealed on January 1, 2027)Sec. 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 Code, must not agree with each other or any advisory  organization to adhere to or to use any statistics, policy or bond forms or  underwriting rules furnished by any advisory organization or other source,  either as a condition to receive such statistics, policy or bond forms or  underwriting rules or otherwise.(2) The fact that two or more companies, whether or not members or  subscribers of an advisory organization, use consistently or  intermittently, the insurance statistics, insurance policy or bond forms or  underwriting rules of an advisory organization, is not sufficient in itself  to support a finding that an agreement to adhere exists, and may be used  only for the purpose of supplementing or explaining direct evidence of the  existence of any such agreement.(3) Two or more companies having a common ownership or operating in this  State under common management or control may act in concert with respect to  any matters pertaining to those activities authorized in this Article or in  Section 478.1 of this Code between or among themselves the same as if they  constituted a single company, and to the extent that such matters relate to  co-surety bonds, two or more admitted companies executing such bonds are  authorized to act in concert between or among themselves as if they  constituted a single company. Nothing hereunder requires such companies to  act in concert.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-12
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-12)(Section scheduled to be repealed on January 1, 2027)Sec. 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 or statistical data authorized under this  Article. The Director may review such cooperative activities and practices  and if, after a hearing, upon notice of 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.)
215 ILCS 5/123A-13
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-13)(Section scheduled to be repealed on January 1, 2027)Sec. 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 to be made an examination of any advisory organization. In lieu of  any such examination the Director may accept the report of an examination  made by the insurance regulatory official of another state. In examining  any organization pursuant to this Section, the Director shall ascertain  whether such organization complies with the requirements of this Article  and all other applicable provisions of the Illinois Insurance Code.(2) If after examination of a company or advisory organization, or upon  the basis of other information, the Director has good cause to believe that  the company or organization does not comply with the applicable provisions  of the Illinois Insurance Code, he shall, unless he has good cause to  believe such noncompliance is knowingly and wilfully, give notice in  writing to the company or organization, stating therein to the extent  practicable, in what manner such noncompliance is allowed to exist and  specifying therein a reasonable time, not less than 10 days thereafter, in  which such noncompliance may be corrected. Notices under this Section shall  be confidential between the Director and the parties unless a hearing is  held thereon.(3) If the Director has good cause to believe such noncompliance to be  wilful, or if within, the period prescribed by the Director in the notice  required by paragraph (2) of this Section the company or organization does  not make the changes as may be necessary to correct the noncompliance  specified by the Director or establish to the satisfaction of the Director  that the specified noncompliance does not exist, then the Director may hold  a public hearing in connection therewith, provided that within a reasonable  period of time, which shall be not less than 10 days before the date of  such hearing, he must mail written notice specifying the matters to be  considered at such hearing to such company or organization. If no notice  has been given as provided in paragraph (2) of this Section, notice of  hearing shall state therein, to the extent practicable, in what manner such  noncompliance is alleged to exist.    (Source: P.A. 77-1882.)
215 ILCS 5/123A-14
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

 (from Ch. 73, par. 735A-14)(Section scheduled to be repealed on January 1, 2027)Sec. 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 company or advisory organization is in     violation of this Article or other applicable provisions of the Illinois Insurance Code, he may issue an order to such company or organization which has been the subject of the hearing specifying the violation which exists and requiring compliance within a reasonable time thereafter;(b) that the violation of any of the applicable     provisions of the Illinois Insurance Code by any company or advisory organization was wilful, he may suspend or revoke, in whole or in part, the certificate of authority of such company, and revoke the license of the advisory organization and order it to cease all activities within the State of Illinois.   (Source: P.A. 77-1882.)
215 ILCS 5/123A-15
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIA - Advisory Organizations

(215 ILCS 5/123A-15) (from Ch. 73, par. 735A-15)(Section scheduled to be repealed on January 1, 2027)Sec. 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, company or organization who fails to comply with a final  order of the Director under this Article shall be liable to the State up to  $100 per violation, according to the findings of the Director. If the  Director finds the noncompliance wilful, the person, company, or  organization shall be liable to the State up to $5,000 per violation. The  Director may bring action in the name of the people of the State of  Illinois to enforce collection. These penalties may be in addition to any  other penalties provided by law.(2) A wilful violation of the provisions of this Article by any person  is a misdemeanor.    (Source: P.A. 77-1882.)
215 ILCS 5/Art. VIIB heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIB - Risk Retention Companies

 ARTICLE VIIB.      RISK RETENTION COMPANIES (Article scheduled to be repealed on January 1, 2027)
215 ILCS 5/123B-1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIB - Risk Retention Companies

 (from Ch. 73, par. 735B-1)(Section scheduled to be repealed on January 1, 2027)Sec. 123B-1.     Purpose.     The purpose of this Article is to regulate the formation  or operation, or both, of risk retention groups and purchasing  groups in Illinois formed pursuant to the provisions  of the federal Liability Risk Retention Act of 1986  to the extent permitted by such law.    (Source: P.A. 85-131.)
215 ILCS 5/123B-5
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIB - Risk Retention Companies

 (from Ch. 73, par. 735B-5)(Section scheduled to be repealed on January 1, 2027)Sec. 123B-5.     Compulsory associations.A. No risk retention group shall  be required or permitted  to join or contribute financially to the Illinois Insurance  Guaranty Fund, or any other plan, pool, association or guaranty or  insolvency fund or any similar mechanism, in this State,  nor shall any risk retention group, or its insureds  or claimants against its insureds, receive any benefit  from any such fund or any such plan, pool, association or guaranty or insolvency fund for  claims arising under the insurance  policies issued by such risk retention group.B.  When a purchasing group obtains insurance covering  its members' risks from an insurer not authorized in  this State or a risk retention group, no such risks,  wherever resident or located, shall be covered by an  insurance guaranty fund or similar mechanism in this  State.C. When a purchasing group obtains insurance covering  its members' risks from an authorized insurer, only  risks resident or located in this State shall be covered  by the State guaranty fund subject to the provisions  of Article XXXIV.    (Source: P.A. 85-131.)
215 ILCS 5/123B-6
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIB - Risk Retention Companies

 (from Ch. 73, par. 735B-6)(Section scheduled to be repealed on January 1, 2027)Sec. 123B-6.     Countersignatures not required.     Notwithstanding any  contrary provision of this Code,  a policy of insurance issued to a risk retention group  or any member of that group shall not be required to  be countersigned.    (Source: P.A. 85-131.)
215 ILCS 5/123B-7
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VIIB - Risk Retention Companies

 (from Ch. 73, par. 735B-7)(Section scheduled to be repealed on January 1, 2027)Sec. 123B-7. Purchasing groups - exemption from certain laws relating to  the group purchase of insurance.  Any purchasing group meeting the criteria established  under the provisions of the federal Liability Risk Retention  Act of 1986 shall be exempt from any law of this State prohibiting   the creation of risk purchasing of groups for the purchase  of insurance; any countersignature requirements as provided  in this Code; and any prohibition of group purchasing or any  law that would discriminate against a purchasing group  or its members, prohibit a purchasing group from obtaining insurance on a group basis or because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time, require that a purchasing group must have a minimum number of members, common ownership or affiliation, or certain legal form, or require that a certain percentage of a purchasing group must obtain insurance on a group basis.  In addition, an insurer shall be exempt  from any law of this State which prohibits providing,  or offering to provide, to a purchasing group or its  members advantages based on their loss and expense experience  not afforded to other persons with respect to rates,  policy forms, coverages or other matters.  A purchasing  group shall be subject to all other applicable laws  of this State.  (Source: P.A. 99-512, eff. 1-1-17.)