1172                            LAWS OF MARYLAND                      [CH. 541

physician, chiropodist, pharmacist 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 subscribers to the plan, and that each
subscriber shall be entitled to reimbursement for any such chiro-
podial service, whether the said service is performed by a doctor of
medicine or duly licensed chiropodist.

(3). That each contract issued, or proposed to be issued, to sub-
scribers to the plan is in a form approved by the Insurance Commis-
sioner, and that the rates charges, 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 the
earned premiums over and above operating expenses, payments to
participating hospitals, physicians, chiropodists, pharmacists, 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 paragraph (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, but in no case to be less than
Ten Thousand Dollars ($10,000.00).

(c) 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 subscrib-
ers to such plan.

356. Amendments, Rates; approval.

No corporation subject to the provisions of this subtitle shall
amend its certificate of incorporation, its by-laws, the terms and
provisions of contracts executed or to be executed with hospitals,
physicians, chiropodists, pharmacists or dentists, and the terms and
provisions of contracts issued, or proposed to be issued, to sub-
scribers of 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 pro-
posed to be charged, to subscribers for any form of contract issued
or to be issued for hospital, medical, chiropodial, pharmaceutical or
dental 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 thereof
with the Insurance Commissioner, duly certified to by at least two
(2) of the executive officers of such corporation.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1967.

Approved April 21, 1967.