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.
Structure 2021 Tennessee Code
Chapter 28 - Hospital Service Corporations
§ 56-28-101. Application of Chapter
§ 56-28-102. Articles of Incorporation and Amendments — Approval by Commissioner
§ 56-28-106. Issuance of License — Prerequisites
§ 56-28-108. Acquisition and Administrative Expenses
§ 56-28-112. Financial and Statistical Records
§ 56-28-113. Examination — Rehabilitation or Liquidation
§ 56-28-114. Contracts for Service to Subscribers — Rates
§ 56-28-115. Publication of Regulations Regulating Subscribers' Contracts
§ 56-28-116. Renewal of Licenses — Certificates of Authority for Agents