(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.