Illinois Compiled Statutes 215 ILCS 165/6 – A health services plan corporation may, in the discretion of its …
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Terms Used In Illinois Compiled Statutes 215 ILCS 165/6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A health services plan corporation may, in the discretion of its board of trustees, through its by-laws, limit or define the classes of persons who shall be eligible to become subscribers or beneficiaries, limit and define the benefits which it will furnish, and may divide such benefits as it undertakes to furnish into classes or kinds.