Section 10-16-509 - Operational expenses

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.L. 92: Entire article R&RE, p. 1720, § 1, effective July 1.This section is similar to former § 10-16.5-112 as it existed prior to 1992.