(a) No certificate of authority shall be issued to any association unless it files with the Commissioner:
(1) A certified copy of its certificate of incorporation or charter;
(2) A copy of its constitution and bylaws;
(3) A copy of all forms of certificates of membership which it proposes to issue;
(4) A certified statement that it has a membership of at least 500 persons or that it has at least 500 bona fide applications for membership accompanied by the initial payments;
(5) Such other information respecting its business or affairs as may be required by the Commissioner.
(b) At the time of application for certificate of authority the association shall deposit with the Commissioner a guaranty fund as required under § 5509 of this title.
Structure Delaware Code
Chapter 55. MUTUAL BENEFIT ASSOCIATIONS
§ 5501. Scope of chapter; provisions exclusive.
§ 5502. “Mutual benefit association” defined.
§ 5504. Incorporation; prerequisites.
§ 5505. Certificate of authority required; foreign operations.
§ 5506. Certificate of authority — Application.
§ 5507. Certificate of authority — Issuance; renewal.
§ 5508. Certificate of authority — Revocation.
§ 5513. Examination of association — Timing; responsibility.
§ 5514. Examination of association — Access to books and records; witnesses.
§ 5515. Examination of association — Refusal to permit; revocation of certificate of authority.
§ 5516. Domestic associations; situs of business; reports and fees.
§ 5517. Certificate of membership — Approval; terms.
§ 5518. Certificate of membership — Limitations on benefits.
§ 5519. Agreement between association and members; binding effect.
§ 5520. Fees; costs; in lieu of provision.
§ 5521. Merger; reinsurance; transfers with other associations.