ARM 6.6.6803. ORGANIZATIONAL EXAMINATION

(1) In addition to processing the application, the commissioner may perform an organizational investigation or examination before an applicant is licensed as a captive insurance company. This investigation or examination may consist of a general survey of the applicant's corporate records, including but not limited to: (a) its charter, bylaws and minute books; (b) verification of capital and surplus; (c) verification of principal place of business; (d) determination of assets and liabilities; and (e) a review of such other factors, as the commissioner deems necessary.