FIN §12216: (a) Upon the filing of the application and the payment of the fees and the approval of the bond, the commissioner shall investigate and examine the following: (1) The background and experience of the

(a) Upon the filing of the application and the payment of the fees and the approval of the bond, the commissioner shall investigate and examine the following: (1) The background and experience of the applicant and of the partners or members thereof if the applicant is a partnership or association, and of the officers and directors thereof if the applicant is a corporation, and of any organizers, incorporators, managers, or stockholders. (2) The plan of business of the applicant. The plan of business should include, but not be limited to: (A) a feasibility and market study; (B) pro forma financial statements, including all underlying assumptions; (C) a description of the geographical area to be served by agents; (D) a description of the accounting system to be used; (E) a description of the internal control procedures for the operations of the proposed business, and for its agents; and (F) plans for future expansion of business operations. (3) Any other factors and circumstances bearing on the applicant or any proposed facility that in the opinion of the commissioner may be relevant. (b) If the commissioner determines that the applicant has satisfied the provisions of this division and does not find facts constituting reasons for denial as specified in Section 12221, the commissioner shall issue and deliver a license to the applicant to engage in business in accordance with the provisions of this division.