N.J.S.A. 17:48A-13 — Administrative expenses

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 is the verbatim text of N.J.S.A. 17:48A-13, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.