416 LAWS OF MARYLAND. [Cil. 224

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.

Such certificate of authority or license shall be effective
until revoked by the Insurance Commissioner as hereinafter
provided, and any corporation 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
become subscribers to such Plan.

202. 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 con-
tracts 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 Com-
missioner; nor shall any change be made in the table of rates
charged, or proposed 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 In-
surance Commissioner, such corporation shall file a copy there-
of with the Insurance Commissioner, duly certified to by at
least two (2) of the executive officers of such corporation.

203. ANNUAL STATEMENT. Every corporation subject to
the provisions of this sub-title shall annually, on or before the
first day of March, file in the office of the Insurance Commis-
sioner a statement certified to by an independent Certified Pub-
lic 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.

204. EXAMINATION. The Insurance Commissioner, or any
examiner or examiners of the Insurance Department, shall
have the power of visitation 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 un-
der oath its officers, agents, or employees, or other persons, in
relation to the affairs, transactions and conditions of the cor-
poration. The corporation whose affairs are examined shall
pay to the Insurance Commissioner the traveling and other ex-
penses of examination and, in addition thereto, a sum for each