HARRY W. NICE, GOVERNOR. 415

following documents, duly certified to by at least two (2) of
the executive officers of such corporation:

(a) Certificate of Incorporation, with all amendments
thereto;

(b) By-laws, with all amendments thereto;

(c) Each contract executed or proposed to be executed by
and between the corporation and any hospital, embody-
ing the terms under which hospital service is to be fur-
nished to subscribers to the Plan;

(d) Each form of contract issued or proposed to be issued
to subscribers to the Plan, together with a table of the
rates charged, or proposed to be charged, to subscribers
for each form of such contract;

(e) Financial statement of the corporation, which shall in-
clude the amounts of each contribution paid or agreed
to be paid to the corporation for working capital, the
name or names of each contributor and the terms of each
contribution.

The Insurance Commissioner shall issue a certificate of au-
thority, or license, to each applicant upon the payment of a fee
of One Hundred Dollars ($100. ), and upon being satisfied

(1) That the applicant has been organized bona fide for the
purpose of establishing, maintaining and operating a
Non-Profit Hospital Service Plan;

(2) That each contract executed, or proposed to be executed,
by the applicant and any hospital for the furnishing of
hospital service to the subscribers to the Hospital Serv-
ice Plan obligates, or will, when executed, obligate each
hospital party thereto to render the service to which
each subscriber may be entitled under the terms and
conditions of the various contracts issued, or proposed
to be issued, by the applicant to subscribers 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 reasonable;

(4) That no contributions to the funds of the corporation
for working capital are repayable by the corporation
except out of earned premiums over and above operat-
ing 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 ap-
plicant upon the terms specified in sub-section "(4)"