(215 ILCS 165/4) (from Ch. 32, par. 598)
Sec. 4.
Five or more persons of legal age all of whom are residents of
Illinois and citizens of the United States may incorporate under the
provisions of this Act a health services plan corporation for the purpose
of establishing and operating a voluntary health services plan. Such
corporation shall be subject to regulation and supervision by the Director
as hereinafter provided, but shall not be subject to the laws of this state
with respect to insurance corporations except as provided in this Act.
(Source: Laws 1951, p. 569.)
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