(215 ILCS 165/19) (from Ch. 32, par. 613)
Sec. 19.
No such corporation shall disburse as administrative expenses
during any one year, except upon approval of the Director, a sum greater
than 20% of payments received from subscribers during that year. The term
"administrative expenses" shall include all expenditures for non-health
services and, in general, all expenses not directly connected with the
payment for health services, but shall not include expenditures for
purchasing, acquiring, leasing or renting land, premises, facilities,
equipment, instruments or supplies needed or useful for the purpose of
rendering health services, and shall also not include expenses of
soliciting subscriptions.
(Source: Laws 1951, p. 569.)
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