In making a determination under subdivision 58-41-17(4), the director may consider:
(1) The financial soundness of the applicant's arrangements for health care services and the proposed schedule of charges used in connection therewith;
(2) The adequacy of its working capital;
(3) Arrangements which will guarantee for a reasonable period of time the continued availability or payment of the cost of health care services in the event of discontinuance of the health maintenance organization;
(4) Agreements with providers for the provision of health care services; and
(5) Any surety bond or deposit of cash or securities submitted in accordance with § 58-41-11 as a guarantee that the obligations will be duly performed.