HARRY HUGHES, Governor

3075

(9)  FINANCIAL STATEMENTS SHOWING THE DENTAL PLAN
ORGANIZATION'S ASSETS, LIABILITIES, AND SOURCES OF FINANCIAL
SUPPORT. IF THE DENTAL PLAN ORGANIZATION'S FINANCIAL AFFAIRS ARE
AUDITED BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS, A COPY OF
THE MOST RECENT REGULAR CERTIFIED FINANCIAL STATEMENT SHALL
SATISFY THIS REQUIREMENT UNLESS THE COMMISSIONER DETERMINES THAT
ADDITIONAL OR MORE RECENT FINANCIAL INFORMATION IS REQUIRED FOR
THE PROPER ADMINISTRATION OF THIS SUBTITLE;

(10)  THE PROPOSED METHOD OF MARKETING THE PLAN, A
FINANCIAL PLAN WITH A 3-YEAR PROJECTION OF THE INITIAL OPERATING
RESULTS, AND A STATEMENT OF THE SOURCES OF WORKING CAPITAL AND
ANY OTHER SOURCES OF FUNDING;

(11)  A POWER OF ATTORNEY DULY EXECUTED BY THE DENTAL
PLAN ORGANIZATION IF NOT DOMICILED IN THIS STATE, APPOINTING THE
COMMISSIONER, THE COMMISSIONER'S SUCCESSORS IN OFFICE, AND DULY
AUTHORIZED DEPUTIES AS THE TRUE AND LAWFUL ATTORNEY OF THE DENTAL
PLAN ORGANIZATION IN AND FOR THIS STATE, ON WHOM LAWFUL PROCESS
IN ANY LEGAL ACTION OR PROCEEDING AGAINST THE DENTAL PLAN
ORGANIZATION ON A CAUSE OF ACTION ARISING IN THIS STATE MAY BE
SERVED;

(12)  A DESCRIPTION OF THE GEOGRAPHIC AREA OR AREAS TO
BE SERVED;

(13)  ANY OTHER INFORMATION AS THE COMMISSIONER
REQUIRES.

(D) ON FILING AN APPLICATION FOR A CERTIFICATE OF
AUTHORITY, THE DENTAL PLAN ORGANIZATION SHALL PAY A FEE OF $200
TO THE COMMISSIONER.

584.

WITHIN 10 DAYS FOLLOWING ANY SIGNIFICANT MODIFICATION OF
INFORMATION SUBMITTED WITH THE APPLICATION FOR A CERTIFICATE OF
AUTHORITY, A DENTAL PLAN ORGANIZATION SHALL FILE NOTICE OF THE
MODIFICATION WITH THE COMMISSIONER.

585.

(A)  THE COMMISSIONER SHALL ISSUE A CERTIFICATE OF AUTHORITY
IF THE COMMISSIONER IS SATISFIED THAT THE PERSONS RESPONSIBLE FOR
CONDUCTING THE AFFAIRS OF THE DENTAL PLAN ORGANIZATION ARE
TRUSTWORTHY AND CAPABLE OF PROVIDING, ARRANGING FOR, OR
ADMINISTERING THE SERVICES OFFERED BY THE PLAN.

(B) WHEN THE COMMISSIONER DISAPPROVES AN APPLICATION FOR A
CERTIFICATE OF AUTHORITY HE SHALL NOTIFY THE DENTAL PLAN
ORGANIZATION IN WRITING OF THE REASONS FOR THE DISAPPROVAL.

(C) A CERTIFICATE OF AUTHORITY SHALL EXPIRE ON THE JUNE 30
FOLLOWING THE DATE OF ISSUANCE OR PREVIOUS RENEWAL. IF THE DENTAL
PLAN ORGANIZATION REMAINS IN COMPLIANCE WITH THIS SUBTITLE AND