50 Ill. Adm. Code 2010.APPENDIX A
A Interpretive Guidelines
Section 2010
Section 2010.APPENDIX A
Interpretive Guidelines
Section 2010.ILLUSTRATION Y Guideline
to Section 2010.150
This Section is closely related
to the requirements of Section 2010.90 concerning the use of statistics. This
Section prohibits insurers which have been organized for only a brief period of
time advertising that they are "old" and also prohibits emphasizing
the size and magnitude of the insurer. Also, the occupations of the persons
comprising the insurer's board of directors or the public's familiarity with
their names or reputations is irrelevant and must not be emphasized. The
preponderance of a particular occupation or profession among the board of
directors of an insurer does not justify the advertisement of a plan of
insurance offered to the general public as insurance designed or recommended by
members of that occupation or profession. For example, it is unacceptable for
an insurance company to advertise a policy offered to the general public as
"the physicians' policy" or "the doctors' plan" simply
because there is a preponderance of physicians or doctors on the board of directors
of the insurer. This Section prohibits the use of recommendation of a
commercial rating system unless the purpose, meaning and limitations of the
recommendation are clearly indicated.