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Ch. 357 2003 LAWS OF MARYLAND
14-109.
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 [nonprofit health
service plan] CORPORATION; [and]
(VII) A LIST OF THE TOTAL COMPENSATION PAID OR PROPOSED TO
BE PAID TO EACH MEMBER OF THE BOARD OF DIRECTORS OF THE CORPORATION;
AND
[(vii)](VIII) any other information or documents that the
Commissioner considers necessary to ensure compliance with this subtitle.
14-110.
(A) The Commissioner shall issue a certificate of authority to an applicant if:
(1) the applicant has paid the applicable fee required by § 2-112 of this
article; and
(2) the Commissioner is satisfied:
(i) that the applicant has been organized in good faith for the
purpose of establishing, maintaining, and operating a nonprofit health service plan
THAT;
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