23 CAR § 29-107. Organizational examination

(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.