|
| | HB5109 Enrolled | | LRB097 17908 RPM 63131 b |
|
|
| 1 | | AN ACT concerning insurance.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Dental Service Plan Act is amended by |
| 5 | | changing Section 17 as follows:
|
| 6 | | (215 ILCS 110/17) (from Ch. 32, par. 690.17)
|
| 7 | | Sec. 17.
The business and affairs of a dental service plan |
| 8 | | corporation
shall be managed by a board of trustees, which |
| 9 | | shall have the power to
adopt and to amend, from time to time, |
| 10 | | by-laws governing the conduct of the
corporation's business. |
| 11 | | The number of trustees shall be not less than 9 nor
more than |
| 12 | | 21. Subject to such limitation, the number of trustees shall be
|
| 13 | | fixed by the by-laws, except as to the number of the first |
| 14 | | board of
trustees which number shall be fixed by the charter, |
| 15 | | and the number of
trustees may be increased or decreased from |
| 16 | | time to time by amendment to
the by-laws. In the absence of a |
| 17 | | by-law fixing the number of trustees, the
number shall be the |
| 18 | | same as that stated in the charter. The trustees
constituting |
| 19 | | the first board of trustees shall be named in the charter and
|
| 20 | | shall hold office for such period or periods as may be |
| 21 | | specified in the
charter or the by-laws. Trustees may be |
| 22 | | divided into classes and the terms
of office of the several |
| 23 | | classes need not be uniform, but no such term
shall exceed 3 |
|
| | HB5109 Enrolled | - 2 - | LRB097 17908 RPM 63131 b |
|
|
| 1 | | years. Each trustee shall hold office for the term for which
he |
| 2 | | is elected and until his successor has been elected and |
| 3 | | qualified. Any
vacancy occurring in the board of trustees and |
| 4 | | any trusteeship to be filled
by reason of an increase in the |
| 5 | | number of trustees may be filled by the
board of trustees. A |
| 6 | | trustee appointed to fill a vacancy shall be appointed
for the |
| 7 | | unexpired term of his predecessor in office. Each trustee shall |
| 8 | | be
of legal age, a resident of Illinois, and a citizen of the |
| 9 | | United States. At least one-third A
majority of the trustees |
| 10 | | shall be participating dentists of the corporation licensed in |
| 11 | | Illinois to practice
dentistry who are also residents of |
| 12 | | Illinois, and they shall be designated as "dental trustees". |
| 13 | | The remaining
trustees shall be representative of the |
| 14 | | subscribers to the dental service
plan and shall be designated |
| 15 | | as "public trustees", and not more than
one-third of the public |
| 16 | | trustees shall be licensed dentists. As the terms
of dental |
| 17 | | trustees expire, they shall be replaced, from time to time, by |
| 18 | | participating
dentists of the corporation licensed in Illinois |
| 19 | | to practice dentistry who are also residents of Illinois, and |
| 20 | | elected by the corporation's participating dentists, in the |
| 21 | | manner
prescribed by the by-laws. As the terms of public |
| 22 | | trustees expire, they
shall be replaced, from time to time, by |
| 23 | | election by the corporation's
subscribers, in the manner |
| 24 | | prescribed by the by-laws. A statement in the
subscription |
| 25 | | certificate or in any endorsement issued for attachment
|
| 26 | | thereto, of the time and place for holding a meeting of |