(a) An application to the Commissioner for a certificate of authority shall be accompanied by:
(1) The deposit required by section 1677 of this title;
(2) The ambulance service contracts proposed to be written;
(3) The name and address of the place of business of the person offering to write the ambulance contracts;
(4) Evidence of compliance with section 1676 of this title;
(5) Biographical information relating to the officers and directors of the association; and
(6) Such other information as may be considered by the Commissioner in order to meet the obligations under this chapter.
(b) Annually on or before March 31st, the ambulance service association shall file a statement of its financial condition, transactions, and affairs as of the preceding December 31st as certified by a certified public accountant or public actuary. The statement shall contain a certification that the ambulance service association has sufficient reserves available to perform obligations under its contracts.
(c) An insurer required to file statements under chapter 9 of this title may include therein any statement of business written under this chapter rather than complying with the provisions of subsections (a) and (b) of this section.
(d) The annual fee payable to the Commissioner for the issuance of a certificate of authority shall be $250 payable on initial application and $200 annually thereafter not later than December 31st of each year for renewal.
(e) When the required information has been submitted and the Commissioner determines that the ambulance service association is in compliance with this chapter, the Commissioner shall issue a certificate of authority or renewal thereof.