1652 LAWS OF MARYLAND. [CH. 906

oath of its president and secretary, or corresponding officers
in the form required by the Commissioner, duly verified by an
examination made by the supervising insurance official of its
home State or other State satisfactory to the Insurance Com-
missioner of this State; a certificate from the proper official
in its home State, province or country that the association is
legally organized; a copy of the contract, which must show
that benefits are provided for by periodical or other payments
by persons holding similar contracts; and upon furnishing
the Commissioner such other information as he may deem
necessary to a proper exhibit of its business and plan of
working, and upon showing that its assets are invested in ac-
cordance with the laws of the State, territory, district, prov-
ince or country where it is organized, he shall issue a license
to such association to do business in this State until the first
day of the succeeding July. Any foreign association desiring
admission to this State shall have the qualifications required of
domestic associations organized under this Article, and have
its assets invested as required by the laws of the State, terri-
tory, district, country or province where it is organized. When
the Commissioner refuses to license any association or revokes
its authority to do business in this State he shall reduce his
ruling, order or decision to writing and file the same in his
office, and shall furnish a copy thereof, together with a state-
ment of his reasons, to the officers of the association upon
request, and the action of the Commissioner shall be review-
able by proper proceedings in any court of competent juris-
diction within the State; provided, however, that nothing:
contained in this or the preceding section shall be taken or
construed as preventing any such association from continuing
in good faith all contracts made in this State during the time
such association was legally authorized to transact business
herein.

236. License. No corporation subject to the provisions of
this sub-title shall issue contracts for the rendering of hospital
service to subscribers until the Insurance Commissioner has,
by formal certificate or license, authorized it to do so. Appli-
cation for such certificate of authority or license shall be made
on forms to be supplied by the Insurance Commissioner, con-
taining such information as he shall deem necessary. Each
application for such certificate of authority or license, as a
part thereof, shall be accompanied by copies of the following
documents, duly certified to by at least two (2) of the execu-
tive officers of such corporation:

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

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