Sec 20-824. Application for certificate; fee

Such a corporation may issue contracts to its subscribers only when the director of insurance has, by certificate of authority, authorized it so to do. Application for a certificate of authority shall be made on forms supplied or approved by the director containing such information as he deems necessary. Each application for a certificate of authority shall be accompanied by the fee prescribed by article 2 of chapter 1 of this title for medical, hospital, dental and optometric service corporations and copies of the following documents:

1. Articles of incorporation.

2. Bylaws.

3. Proposed contracts between the applicant and participating hospitals, physicians, dentists or optometrists showing the terms under which service is to be furnished to subscribers.

4. Proposed contracts to be issued to subscribers.

5. A table of rates to be charged to subscribers.

6. Financial statement of the corporation, including the amounts of contributions paid or agreed to be paid to the corporation for working capital, and the name or names of each contributor and the terms of each contribution.

7. A statement of the area in which the corporation proposes to operate.