INSURANCE 2191

over and above operating expenses, payments to participating hospitals and
such reserve as the Insurance Commissioner may deem adequate;

(5) That the amount of money actually received by the applicant upon
the terms specified in sub-section "(4)" hereof, for working capital, is suf-
ficient to carry all acquisition costs and operating expenses for a period
of at least three months from the date of the issuance of the certificate
of authority or license.

Such certificate of authority or license shall be effective until revoked
by the Insurance Commissioner as hereinafter provided, and any corpora-
tion to which such certificate of authority or license has been issued, until
revocation thereof, shall be authorized to issue contracts, in the form or
forms filed with the Insurance Commissioner, to the persons who may be-
come subscribers to such Plan.

1937, ch. 224, sec. 202.

237. (Approval by Commissioner.) No corporation subject to the
provisions of this sub-title shall amend its Certificate of Incorporation, its
by-laws, the terms and provisions of contracts executed or to be executed
with hospitals and the terms and provisions of contracts issued, or proposed
to be issued, to subscribers to the Plan until such proposed amendments
have been first submitted to, and approved by, the Insurance Commis-
sioner ; nor shall any change be made in the table of rates charged, or pro-
posed to be charged, to subscribers for any form of contract issued or to be
issued for hospital care until such proposed change has been submitted to,
and approved by, the Insurance Commissioner. Upon the adoption of any
such amendment or change, following its approval by the Insurance Com-
missioner, such corporation shall file a copy thereof with the Insurance
Commissioner, duly certified to by at least two (2) of the executive officers
of such corporation.

1937, ch. 224, sec. 203.

238. (Annual Statement.) Every corporation subject to the provi-
sions of this sub-title shall annually, on or before the first day of March,
file in the office of the Insurance Commissioner a statement certified to by
an independent Certified Public Accountant, showing its condition on
the thirty-first day of December then next preceding, which shall be in
such form and shall contain such matters as the Insurance Commissioner
shall prescribe.

1937, ch. 224, sec. 204.

239. (Examination.) The Insurance Commissioner, or any examiner
or examiners of the Insurance Department, shall have the power of visita-
tion and examination into the affairs of any such corporation and free access
to all of its books, papers and documents, and may summon and examine
under oath its officers, agents, or employees, or other persons, in relation
to the affairs, transactions and conditions of the corporation. The corpora-
tion whose affairs are examined shall pay to the Insurance Commissioner
the traveling and other expenses of examination and, in addition thereto,
a sum for each day of such examination as provided in Section 51 of this
Article.