South Dakota § 58-40-6 Application for license--Form and contents--Documents accompanying.

South Dakota Statutes

§ 58-40-6 — Application for license--Form and contents--Documents accompanying.

South Dakota·Title 58 INSURANCE·Ch. 58-39 NONPROFIT HOSPITAL SERVICE PLANS

Application for the certificate of authority or license required by § 58-40-5 shall be made on forms to be approved by the director, containing such information as he shall deem necessary. Each application for such certificate or license shall be accompanied by copies of the following documents:

(1)Certified copy of its charter or certificate of incorporation;

(2)Bylaws;

(3)Proposed contracts between the corporation and participating hospitals showing terms under which hospital service is to be furnished to subscribers;

(4)Contracts to be issued to subscribers showing the benefits to which they are entitled;

(5)A table of the rates to be charged to the subscribers;

(6)Financial statement of the corporation including the amounts of contribution paid or agreed to be p

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Application for the certificate of authority or license required by § 58-40-5 shall be made on forms to be approved by the director, containing such information as he shall deem necessary. Each application for such certificate or license shall be accompanied by copies of the following documents: (1) Certified copy of its charter or certificate of incorporation; (2) Bylaws; (3) Proposed contracts between the corporation and participating hospitals showing terms under which hospital service is to be furnished to subscribers; (4) Contracts to be issued to subscribers showing the benefits to which they are entitled; (5) A table of the rates to be charged to the subscribers; (6) Financial statement of the corporation including the amounts of contribution paid or agreed to be paid to the corporation for working capital and the names of each contributor and the terms of each contribution.

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