(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.