The Director of the Department of Consumer and Business Services, whenever the director deems it advisable in the interest of policyholders or for the public good, shall investigate into the affairs of any person engaged in, proposing to engage in or claiming or advertising to engage in:

1. (1) Transacting insurance in this state;
2. (2) Organizing or receiving subscriptions for or disposing of the stock of or in any manner taking part in the formation or business of an insurer; or
3. (3) Holding capital stock of one or more insurers for the purpose of controlling the management thereof as voting trustee or otherwise.

[1967 c.359 §69]