56-29-110 - Acquisition and administrative expenses Limitation Approval. - Tennessee Statutes

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56-29-110. Acquisition and administrative expenses Limitation Approval.

All acquisition and administrative expenses in connection with the hospital service corporations shall at all times be limited after the first year of operation to not exceed twenty-five percent (25%) of the total net premium income of the corporation. All acquisition and administrative expenses shall be subject to the approval of the commissioner.

[Acts 1949, ch. 234, § 13; C. Supp. 1950, § 4186.55 (Williams, § 4186.58); T.C.A. (orig. ed.), § 56-3110.]

State Codes and Statutes

Statutes > Tennessee > Title-56 > Chapter-29 > 56-29-110

56-29-110. Acquisition and administrative expenses Limitation Approval.

All acquisition and administrative expenses in connection with the hospital service corporations shall at all times be limited after the first year of operation to not exceed twenty-five percent (25%) of the total net premium income of the corporation. All acquisition and administrative expenses shall be subject to the approval of the commissioner.

[Acts 1949, ch. 234, § 13; C. Supp. 1950, § 4186.55 (Williams, § 4186.58); T.C.A. (orig. ed.), § 56-3110.]

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State Codes and Statutes

Statutes > Tennessee > Title-56 > Chapter-29 > 56-29-110

56-29-110. Acquisition and administrative expenses Limitation Approval.

All acquisition and administrative expenses in connection with the hospital service corporations shall at all times be limited after the first year of operation to not exceed twenty-five percent (25%) of the total net premium income of the corporation. All acquisition and administrative expenses shall be subject to the approval of the commissioner.

[Acts 1949, ch. 234, § 13; C. Supp. 1950, § 4186.55 (Williams, § 4186.58); T.C.A. (orig. ed.), § 56-3110.]