1!)2 LAWS OF MARYLAND. [CH. 127

entitled under the terms and conditions of the various con-
tracts issued, or proposed to be issued, by the applicant to sub-
scriber to the Plan;

(3) That each contract issued, or proposed to be issued, to
subscribers to the Plan is in a form approved by the Insurance
Commissioner, and that the rates charged, or proposed to be
charged, for each form of such contract are fair and reason-
able;

(4) That no contributions to the funds of the corporation
for working capital are repayable by the corporation except
out of the earned premiums over and above operating expenses,
payments to participating hospitals, physicians or dentists
and such reserve as the Insurance Commissioner may deem
adequate;

(5) That the amount of money actually received by the ap-
plicant upon the term specified in paragraph (4) hereof, for
working capital is sufficient 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, but in no case to be less then Ten Thousand Dollars
($10,000).

(c) Any corporation to which such certificate of authority
or license has been issued, until expiration or revocation
thereof, shall be authorized to issue contracts in the form or
forms filed with the Insurance Commissioner, to the persons
who may become subscribers to such Plan.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1947.

Approved March 15,1947.

CHAPTER 127.
(House Bill 57)

AN ACT to add a new section to Article 13 of the Annotated
Code of Maryland (1939 Edition), title "Bills of Exchange
and Promissory Notes", sub-title "Legal Holidays", said
new section to be known as Section 9A, and to follow im-
mediately after Section 9 of said Article, authorizing bank-
ing institutions to remain closed on Saturdays under cer-
tain conditions.