(a) An application for registration as a provider must be in a form prescribed by the director. (b) Subject to adjustment of dollar amounts pursuant to § 19-14.8-32(f), an application for registration as a provider must be accompanied by: (1) The fee established by chapter 14 of this title; (2) The bond required by § 19-14.8-13; (3) Identification of all trust accounts required by § 19-14.8-22 and an irrevocable consent authorizing the director to review and examine the trust accounts; (4) Evidence of insurance in the amount of two hundred fifty thousand dollars ($250,000): (A) Against the risks of dishonesty, fraud, theft, and other misconduct on the part of the applicant or a director, employee, or agent of the applicant; (B) Issued by an insurance company authorized to do business in this state and rated at least “A” by a nationally recognized rating organization; (C) With a deductible of not more than ten thousand dollars ($10,000); (D) Payable to the applicant, the individuals who have agreements with the applicant, and this state, as their interests may appear; and (E) Not subject to cancellation by the applicant without the approval of the director; (5) If the applicant is a foreign corporation, proof that the applicant holds a certificate of authority to conduct affairs in this state, as required by chapter 6 of title 7; and (6) If the applicant is organized as a not-for-profit entity or is exempt from taxation, evidence of not-for-profit and tax-exempt status applicable to the applicant under the Internal Revenue Code, 26 U.S.C. § 501, as amended.
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