23 CAR § 5-104 – Formation of a new company — Biographical information required

(a) A biographical affidavit shall be furnished to the Insurance Commissioner by all promoters, incorporators, directors, trustees, and proposed management personnel of an insurer being formed.
(b) Financial and character reports of any such person may be ordered by the commissioner, and the cost or expense of such report shall be paid by the incorporators as an organizational expense or by the insurer when formed.