10-16-509. Operational expenses.

Statute text

No more than thirty percent of prepaid charges in the first year of any contract, twenty-five percent of prepaid charges in the second year of any contract, and twenty percent of prepaid charges in any subsequent contract year shall be used for the marketing and administrative expenses of a prepaid dental care plan organization, including all costs related to soliciting enrollees and providers.

History

Source: L. 92: Entire article R&RE, p. 1720, 1, effective July 1.

Annotations

Editor's note: This section is similar to former 10-16.5-112 as it existed prior to 1992.