2010 Tennessee Code
Title 56 - Insurance
Chapter 28 - Hospital Service Corporations
56-28-108 - Acquisition and administrative expenses.
56-28-108. Acquisition and administrative expenses.
All acquisition and administrative expenses in connection with the hospital service corporation shall at all times be limited after the first year of operation so as not to 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 1945, ch. 98, § 12; C. Supp. 1950, § 4186.12; T.C.A. (orig. ed.), § 56-3008.]
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
