§ 14-109. Applications for certificate of authority

   An applicant for a certificate of authority shall:

   (1) file with the Commissioner an application on the form that the Commissioner provides containing the information that the Commissioner considers necessary;

   (2) pay to the Commissioner the applicable fee required by § 2-112 of this article; and

   (3) file with the Commissioner copies of the following documents, certified by at least two of the executive officers of the corporation:

      (i) articles of incorporation, including the applicant's corporate mission statement, with all amendments;

      (ii) bylaws with all amendments;

      (iii) each contract executed or proposed to be executed by the corporation and a health care provider, embodying the terms under which health care services are to be furnished to subscribers to the plan;

      (iv) each form of contract issued or proposed to be issued to subscribers to the plan and a table of the rates charged or proposed to be charged to subscribers for each form of contract;

      (v) a financial statement of the corporation, including the amount of each contribution paid or agreed to be paid to the corporation for working capital, the name of each contributor, and the terms of each contribution;

      (vi) a list of the names and addresses of and biographical information about the members of the board of directors of the corporation;

      (vii) a list of the total compensation paid or proposed to be paid to each officer and member of the board of directors of the corporation;

      (viii) a list of the beginning and ending terms of membership for each member of the board of directors of the corporation; and

      (ix) any other information or documents that the Commissioner considers necessary to ensure compliance with this subtitle.

HISTORY: An. Code 1957, art. 48A, § 355; 1997, ch. 35, § 2; 2003, chs. 356, 357.