SECTION 810:25-11-7. Operating expenses  


Latest version.
  •   The maximum operating expenses of the association should not exceed thirty-three percent (33%) of the standard premium. These expenses include the following:
    (1)   Administrator's fee;
    (2)   TPA fee;
    (3)   Marketing fees, billing and collection fees, and sales commissions;
    (4)   General operating expenses, including audits and actuarial reports;
    (5)   Cost of excess insurance; and
    (6)   Any other fees approved by the Commission.
[Source: Added at 31 Ok Reg 497, eff 2-4-14 (emergency); Added at 32 Ok Reg 1493, eff 8-27-15]