50 Ill. Adm. Code 2301.50
Contingent Liability of Members or Subscribers
Section 2301
Section 2301.50 Contingent
Liability of Members or Subscribers
In a policy in which contingent
liability of members or subscribers is provided for, the provision therefor
shall be plainly stated in each policy with prominence equal to the
indemnifying clause. Any insurer may also print upon the policy such regulations
or provisions as may be required by its home state or such as may be
appropriate to or required by its form of organization or plan of operation.
There may be substituted for the word "Company" where it appears in
the policy, another term more accurately descriptive of the insurer.