HB5109 EnrolledLRB097 17908 RPM 63131 b


  
1    AN ACT concerning insurance.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Dental Service Plan Act is amended  by 
5changing 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 
8corporation
shall be managed by a board of trustees, which 
9shall have the power to
adopt and to amend, from time to time, 
10by-laws governing the conduct of the
corporation's business. 
11The number of trustees shall be not less than 9 nor
more than 
1221. Subject to such limitation, the number of trustees shall be

13fixed by the by-laws, except as to the number of the first 
14board of
trustees which number shall be fixed by the charter, 
15and the number of
trustees may be increased or decreased from 
16time to time by amendment to
the by-laws. In the absence of a 
17by-law fixing the number of trustees, the
number shall be the 
18same as that stated in the charter. The trustees
constituting 
19the first board of trustees shall be named in the charter and

20shall hold office for such period or periods as may be 
21specified in the
charter or the by-laws. Trustees may be 
22divided into classes and the terms
of office of the several 
23classes need not be uniform, but no such term
shall exceed 3 
 
 
HB5109 Enrolled- 2 -LRB097 17908 RPM 63131 b

1years. Each trustee shall hold office for the term for which
he 
2is elected and until his successor has been elected and 
3qualified. Any
vacancy occurring in the board of trustees and 
4any trusteeship to be filled
by reason of an increase in the 
5number of trustees may be filled by the
board of trustees. A 
6trustee appointed to fill a vacancy shall be appointed
for the 
7unexpired term of his predecessor in office. Each trustee shall 
8be
of legal age, a resident of Illinois, and a citizen of the 
9United States. At least one-third A
majority of the trustees 
10shall be participating dentists of the corporation licensed in 
11Illinois to practice
dentistry who are also residents of 
12Illinois, and they shall be designated as "dental trustees". 
13The remaining
trustees shall be representative of the 
14subscribers to the dental service
plan and shall be designated 
15as "public trustees", and not more than
one-third of the public 
16trustees shall be licensed dentists. As the terms
of dental 
17trustees expire, they shall be replaced, from time to time, by 
18participating
dentists of the corporation licensed in Illinois 
19to practice dentistry who are also residents of Illinois, and 
20elected by the corporation's participating dentists, in the 
21manner
prescribed by the by-laws. As the terms of public 
22trustees expire, they
shall be replaced, from time to time, by 
23election by the corporation's
subscribers, in the manner 
24prescribed by the by-laws. A statement in the
subscription 
25certificate or in any endorsement issued for attachment

26thereto, of the time and place for holding a meeting of 
 
 
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1subscribers for the
election of public trustees shall 
2constitute notice of such meeting. Voting
by proxy shall be 
3permitted.

4(Source: Laws 1965, p. 2179.)