Illinois Statutes Chapter 215. Insurance § 5/1106. Trust--Participation

(a) Meets the underwriting standards for acceptance into the trust;

(b) Files a written application for coverage, agreeing to meet all of the membership conditions of the trust;

(c) Is a member of the association sponsoring the trust;

(d) Agrees to meet the ongoing loss control provisions and risk pooling arrangements set forth by the trustees;

(e) Pays its premium contribution on a timely basis as required; and

(f) Pays its predetermined annual required contribution into the contingency reserve fund.