§ 6305

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.18 Del. C. 1953, § 6305; 56 Del. Laws, c. 380, § 1; 70 Del. Laws, c. 186, § 1;