Delaware § 6305 Issuance of certificate of authority

Delaware Statutes

§ 6305 — Issuance of certificate of authority

Delaware § 6305

Title18

PartInsurance

Ch. 63HEALTH SERVICE CORPORATIONS

This text of Delaware § 6305 (Issuance of certificate of authority) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 18, § 6305 (2026).

Text

The Commissioner shall issue a certificate of authority to the applicant when it is shown to the Commissioner’s satisfaction that:

(1)The applicant is established as a bona fide nonprofit health service corporation;

(2)Arrangements have been made by the applicant reasonably to assure provision of the services covered by its contracts and riders;

(3)The amounts provided as working capital of the corporation are repayable, without interest, only out of operating revenues;

(4)The amount of money actually available for working capital is sufficient to carry on the plan for a period of 2 months from the date of issuance of the certificate of authority.

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The Commissioner shall issue a certificate of authority to the applicant when it is shown to the Commissioner’s satisfaction that:

(1) The applicant is established as a bona fide nonprofit health service corporation;

(2) Arrangements have been made by the applicant reasonably to assure provision of the services covered by its contracts and riders;

(3) The amounts provided as working capital of the corporation are repayable, without interest, only out of operating revenues;

(4) The amount of money actually available for working capital is sufficient to carry on the plan for a period of 2 months from the date of issuance of the certificate of authority.