§ 8-412

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§8–412.

(a)The incorporators shall file with the Commissioner:

(1)the articles of incorporation of the society;

(2)certified copies of the society’s laws and rules;

(3)copies of all proposed:

(i)forms of certificates;

(ii)applications for certificates; and

(iii)circulars to be issued by the society; and

(4)a bond conditioned on the return to applicants of advance premiums if the organization of the society is not completed within 1 year.

(b)The Commissioner may require any additional information that the Commissioner considers necessary.

(c)The bond required under subsection

(a)of this section must:

(1)be issued by a surety insurer approved by the Commissioner; and

(2)be in the amount required by the Commissioner, but not less than $300,000 nor more than $1,500,000.

(d)Each document filed shall be in the English language.