MARVIN MANDEL, Governor                        631

(2)    That each contract executed, or proposed to be executed,
by the applicant and any hospital, physician, chiropodist, pharma-
cist, dentist or optometrist, for the furnishing of hospital, medical,
chiropodial, pharmaceutical, dental or optometric service to the sub-
scribers to the health service plan, obligates, or will when executed,
obligate each hospital, physician, chiropodist, pharmacist, dentist
or optometrist party thereto to render the service to which each sub-
scriber may be entitled under the terms and conditions of the various
contracts issued, or proposed to be issued, by the applicant to sub-
scribers to the plan, and that each subscriber shall be entitled to
reimbursement for any such chiropodial or optometric service,
whether the said service is performed by a doctor of medicine, duly
licensed chiropodist, or duly licensed optometrist.

(3)    That each contract issued, or proposed to be issued, to sub-
scribers to the plan is in a form approved by the Insurance Com-
missioner, and that the rates charged, 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, den-
tists, or optometrists and such reserve as the Insurance Commis-
sioner may deem adequate;

(5)    That the amount of money actually received by the appli-
cant upon the term specified in paragraph (4) hereof for working
capital is sufficient to carry all acquisition costs and operating ex-
penses 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).

(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 sub-
scribers to such plan.

356.

No corporation subject to the provisions of this subtitle shall
amend its certificate of incorporation, its bylaws, the terms and pro-
visions of contracts executed or to be executed with hospitals, phy-
sicians, chiropodists, pharmacists, dentists, or optometrists, and the
terms and provisions of contracts issued, or proposed to be issued, to
subscribers of the plan, until such proposed amendments have been
first submitted to, and approved by, the Insurance Commissioner, and
payment made of the fees provided for by Section 41 of this article;
not 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,
dental or optometric care until such proposed change has been sub-
mitted to, and appro