Section 33-18-24. Approval by Commissioner of acquisition and administrative expenses

   All acquisition and administrative expenses incurred in connection with medical service corporations shall at all times be subject to the approval of the Commissioner. As used in this Code section, the term "administrative expenses" means all expenditures except payment for subscribers' claims. Claim service expenses shall be separately classified and included in administrative expense, unless otherwise ordered by the Commissioner.

Code 1933, § 56-1815, enacted by Ga. L. 1960, p. 289, § 1.