41-3113. EXPENSES. (1) The operating expenses of the insurer shall be reasonable in amount in relation to the volume of business transacted and insurance losses incurred.
(2) The insurer’s by-laws shall contain reasonable limitations of all such expenses, and such provisions and all modifications thereof shall be subject to the director’s approval.
History:
[41-3113, added 1961, ch. 330, sec. 671, p. 645.]
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