874 LAWS OF MARYLAND. [CH. 752

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

(2) That each contract executed, or proposed to be executed,
by the applicant and any hospital, physician or dentist for the
furnishing of hospital medical or dental service to the sub-
scribers to the Health Service Plan obligates, or will, when
executed, obligate each hospital, physician or dentist 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 subscriber 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
applicant upon the term specified in sub-section "(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.

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.

237. (Approval by Commissioner.) No corporation subject
to the provisions of this sub-title shall amend its Certifi-
cate of Incorporation, its by-laws, the terms and provisions
of contracts executed or to be executed with hospitals, physi-
cians or dentists, 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 Commissioner; 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, medical or dental care until such pro-
posed change has been submitted to, and approved by, the