Acquisition and Administrative Expenses — Limitation — Approval

1. Law
2. Tennessee Code
3. Insurance
4. Hospital and Medical Service Corporations
5. 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.

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