Section 33-18-5. Management of medical service corporations generally; payment of expenses of administration

   Medical service corporations created under this chapter shall be governed and conducted as nonprofit organizations for the sole purpose of offering and furnishing a medical service plan or plans to its members, beneficiaries, and covered dependents in consideration of the payment by such members or other persons of a definite sum for the medical services contracted to be furnished. The necessary expenses of administering the affairs of the medical service corporations may be paid from the dues or payments collected.

Code 1933, § 56-1804, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1973, p. 813, § 7.