US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2809.  INVESTIGATION OF PROPOSED ORGANIZATION. Upon application of a
new insurer for a certificate of authority, the director of the department of
insurance shall promptly make an investigation of:
    (1)  The character, reputation, financial standing and purposes of the
organizers, incorporators, and subscribers organizing the proposed insurer or
organization;
    (2)  The character, financial responsibility, insurance experience, and
business qualifications of its proposed officers and directors; and
    (3)  Such other aspects of the proposed insurer or financing as he may
deem advisable.