SPIRO T. AGNEW, Governor                      1171

General Laws of this State, for the purpose of establishing, main-
taining and operating a nonprofit health service plan whereby hospi-
tal, medical, chiropodial, pharmaceutical or dental care is provided
by a hospital or hospitals, a physician or physicians, a chiropodist
or chiropodists, a pharmacist or pharmacists and/or dentist or
dentists, to persons who become subscribers to such plan under con-
tracts which entitle each subscriber to certain hospital, medical,
chiropodial, pharmaceutical or dental care, or any of them, shall be
governed and regulated by the provisions of this subtitle, and by
no other law relating to insurance unless such law is referred to
under this subtitle, and no law hereafter enacted shall apply to such
corporations, unless they are expressly designated therein, and
specifically refer to such corporations.

355. License.

(a)  No corporation subject to the provisions of this subtitle shall
issue contracts for the rendering of hospital, medical, chiropodial,
pharmaceutical or dental service to subscribers until the Insurance
Commissioner has, by formal certificate or license, authorized it to
do so. Application for such certificate of authority or license shall
be made on forms to be supplied by the Insurance Commissioner
containing such information as he shall deem necessary. Each appli-
cation for such certificate of authority or license, as a part thereof,
shall be accompanied by copies of the following documents, duly
certified by at least two (2) of the executive officers of such corpo-
ration :

(1)   Certificate of incorporation, with all amendments thereto;

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

(3)  Each contract executed or proposed to be executed by and be-
tween the corporation and any hospital, physician, chiropodist,
pharmacists or dentist embodying the terms under which hospital,
medical, chiropodial, pharmaceutical or dental service is to be fur-
nished to subscribers to the plan;

(4)   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;

(5)   Financial statement of the corporation, which shall include
the amount of each contribution paid or agreed to be paid to the
corporation for working capital, the name or names of each con-
tributor and the terms of each contribution.

(b)  The Insurance Commissioner shall issue a certificate of
authority or license to each applicant upon the payment of the fee
provided for by Section 42 of this Article and upon being satisfied:

(1)  That the applicant has been organized bona fide for the pur-
pose of establishing, maintaining and operating a nonprofit health
service plan;

(2)  That each contract executed, or proposed to be executed by
the applicant and any hospital, physician, chiropodist, pharmacist
or dentist for the furnishing of hospital, medical, chiropodial, phar-
maceutical or dental service to the subscribers to the health serv-
ice plan, obligates, or will when executed, obligate each hospital,