Tennessee Code 56-31-113 – Expenses – Limitation
Current as of: 2023 | Check for updates
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Terms Used In Tennessee Code 56-31-113
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-31-102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Vision service: means the usual and general professional services rendered by persons duly licensed under the laws of this state to practice optometry. See Tennessee Code 56-31-102
All acquisition and administrative expenses incurred in connection with the vision service corporation shall at all times be limited to a percentage of its total net premiums as set and approved by the commissioner.