Section 752.10  License

a)         All advisory organizations conducting activities as defined in Article VII-A and in the regulations issued to effect Article VII-A must apply to and be licensed by the Department of Insurance no later than December 31, 1972.

b)         Licenses issued to advisory organizations by the State of Illinois prior to October 1, 1972 become null and void on January 1, 1973.

c)         Every application for a license must include:

1)         Copies certified by the custodian of the originals of the following:

A)        Constitution;

B)        The Articles of Incorporation;

C)        Articles of Agreement;

D)        Articles of Associations;

E)         The by-laws, plan of operations, rules or regulations which govern eligibility for membership and the activities of members relative to their membership.

2)         A list of members and subscribers.

3)         The name and address of a resident of the state upon whom Notices or Orders of the Director or process may be served.

4)         A list of the officers and principal managers.

5)         A $25.00 fee payable to the Illinois Director of Insurance.

d)         Notification of substantive changes in Item 1), 3), and 4) above must be made within 60 days of the change.  The list of members and subscribers should be submitted annually, but addition or deletions to the list should be submitted monthly.

e)         Licenses must be renewed annually prior to January 1st each year beginning January 1, 1973, but application for renewal need include only an update of existing document and information previously submitted to the Department.