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Duly
qualified
under the
laws of this
State
to transact
business.
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contracts of insurance, he shall be satisfied by such examina-
tion and evidence as he sees fit to make and require, that such
company is otherwise duly qualified under the laws of this
State to transact business therein ; once at least during his
term of office, he shall personally, or by his deputy, or by
some competent person or persons, to be by him appointed,
visit the principal office of every insurance company organized
under the laws of this State, and thoroughly inspect and
examine its affairs, especially as to its financial condition and
ability to fulfill its obligations, and ascertain and determine
whether or not it has complied with the laws of this State ;
he shall also make an examination of every such com-
pany whenever he deems it prudent to do so, or upon
the request of five or more of the stockholders, creditors,
policy holders or persons pecuniarily interested therein,
who shall make affidavit of their belief, with specifica-
tions of reasons therefor, showing a prima facie case
that such company is in an unsound condition, and whenever
the Insurance Commissioner may have reason to doubt the
solvency or the correctness of the statement of any company
not organized under the laws of this State, which may have
been licensed to do business in this State, or which may be
applying for said license, he shall communicate such doubts,
and the reasons for them, to the Insurance Commissioner, or
other officer charged with the supervision of insurance corpora-
tions of the State in which said company is located, and if he
is not satisfied from the information obtained from such Insur-
ance Commissioner or other officer, or from the officers of the
company, that the condition of the company is such as to
warrant him in permitting it to transact business in this State,
under the provisions of this Article, he shall notify such com-
pany that it will be necessary for him to have its affairs
examined by some person or persons by him appointed, and
for that purpose the person or persons by him appointed shall
visit such company at its principal office and make a thorough
examination into all its affairs; and if such company shall
refuse to permit such examination, or shall refuse free access
to all its books and papers, or shall in any way prevent or
obstruct a thorough examination into its affairs, he shall not
grant a license to such company, or if a license shall already
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