Current through Register Vol. 21, November 2, 2024
Rule 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.NEW, 2002 MAR p. 171, Eff. 2/1/02.33-28-206, MCA; IMP, 33-28-102, MCA;