(215 ILCS 110/34) (from Ch. 32, par. 690.34)
Sec. 34.
No such corporation shall disburse during any one year, except
upon the approval of the Director, a sum greater than 20% of payments
received from subscribers during that year, as administrative expenses.
The term "administrative expense" as used in this section includes all
expenditures for nonprofessional services and in general all expenses not
directly connected with the payment for dental services, but does not
include expenses of soliciting subscriptions.
(Source: Laws 1965, p. 2179.)
|