Sec. 1152.103. CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION. (a) For purposes of this section, the domicile of an alien company is its state of entry. (b) In considering a company's condition or method of operation, the factors the commissioner shall consider must include: (1) the company's history and financial condition; (2) the character, responsibility, and fitness of the company's officers and directors; (3) the law, including rules, under which the company is authorized to do business in the state of domicile to issue a variable contract; and (4) whether the condition or method of operation in connection with the issuance of a variable contract will make the company's operation hazardous to the public or the company's policyholders in this state.
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