(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.
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 183, § 1, eff. Jan. 1, 1998.