Skip to main content
THIS SITE
PREVIOUS SECTION Go back to sections Go back to the chapter Go back to the N.J. Statutes homepage NEXT SECTION


New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 48a:

      Section: 17:48a-13: Administrative expenses

           No such corporation shall disburse during any one year, a sum greater than twenty per centum (20\%) of payments received from subscribers during that year as administrative expenses. The term "administrative expense" as used in this section shall include all expenditures for nonprofessional services and in general all expenses not directly connected with the payment for medical services, but not including expenses of soliciting subscriptions.

L.1940, c. 74, p. 193, s. 13.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:48a-13 (if available):



Court decisions that cite this statute: CLICK HERE.