- (a) In addition to the processing of the application, an organizational investigation or examination may be performed before an applicant is licensed.
(b) Such investigation or examination shall consist of:
(1) A general survey of the company's corporate records, including:
- (A) Charter;
- (B) Bylaws; and
- (C) Minute books;
- (2) Verification of capital and surplus;
- (3) Verification of principal place of business;
- (4) Determination of assets and liabilities; and
- (5) A review of such other factors as the Insurance Commissioner deems necessary.