Section 420-A:4 License to Health Service Corporation.
I. No health service corporation organized under the laws of this state shall do business unless it has obtained a license from the commissioner.
II. No health service corporation organized under the laws of any other state or country shall be licensed to do business in this state except as provided in RSA 420-A:29.
III. Application for such license shall be made in the form required by the commissioner and shall contain the information the commissioner deems necessary. The application shall be accompanied by a copy of each of the following documents:
(a) Articles of incorporation.
(b) Bylaws.
(c) Proposed contracts to be issued to subscribers showing a table of rates to be charged and the benefits to which they will be entitled.
(d) Proposed contracts, if any, between the health service corporation and providers.
(e) Financial statements.
IV. The commissioner shall issue a license when the commissioner finds:
(a) The applicant is established as a bona fide nonprofit health service corporation;
(b) The applicant has paid an annual license fee in accordance with RSA 400-A:29;
(c) The contracts between the applicant and providers, if any, obligate the respective providers to provide the service or thing to which the subscriber may be entitled under the terms of the contract to be issued to subscribers;
(d) The rates to be charged and the benefits to be provided are reasonable and nondiscriminatory;
(e) The financial condition of the applicant is sound and provides assurance of its ability to meet its obligations; and
(f) The applicant is reliable, entitled to public confidence and has complied with the laws of the state applicable to it.
V. Any such license may be revoked for cause shown and after notice and hearing upon failure to maintain the requirements of this chapter.
VI. All such licenses shall expire on June 14, but may be renewed upon payment of the annual license fee.
Source. 1997, 190:1. 2000, 162:4, eff. July 22, 2000.