§ 58-65-50. Application for certificate of authority or license.
§58‑65‑50. Application for certificate of authority or license.
No corporation subject to theprovisions of this Article and Article 66 of this Chapter shall issue contractsfor the rendering of hospital or medical and/or dental service to subscribers,until the Commissioner of Insurance has, by formal certificate or license,authorized it to do so. Application for such certificate of authority orlicense shall be made on forms to be supplied by the Commissioner of Insurance,containing such information as he shall deem necessary. Each application forsuch certificate of authority or license, as a part thereof shall beaccompanied by duplicate copies of the following documents duly certified by atleast two of the executive officers of such corporation:
(1) Certificate ofincorporation with all amendments thereto.
(2) Bylaws with allamendments thereto.
(3) Each contractexecuted or proposed to be executed by and between the corporation and anyparticipating hospital, and/or physicians under the terms of which hospitaland/or medical and/or dental service is to be furnished to subscribers to theplan.
(4) Each form ofcontract, application, rider, and endorsement, issued or proposed to be issuedto subscribers to the plan, or in renewal of any of contracts with subscribersto the plan, together with a table of rates charged or proposed to be chargedto subscribers for each form of such contract.
(5) Financial statementof the corporation which shall include the amounts of each contribution paid oragreed to be paid to the corporation for working capital, the name or names ofeach contributor and the terms or each contribution. (1941,c. 338, s. 5; 1943, c. 537, s. 3; 1961, c. 1149.)