50 Ill. Adm. Code 2002.APPENDIX A
A Guidelines
Section 2002.APPENDIX A
Guidelines
Section 2002.ILLUSTRATION X Guideline
to Section 2002.90(c)
This Section requires both that
approval or endorsement of a policy by an individual, group of individuals,
society, association or other organization be factual and that any proprietary
relationship between the sponsoring or endorsing organization and the insurer
be disclosed. For example, if the dividend under an association group case is
payable to the association, disclosure of that fact is required. Also, if the
insurer or an officer of the insurer formed or controls the association, that
fact must be disclosed.