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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 14-1937

NOTICES

Application and Request for Plan Approval of a Mutual-to-Stock Conversion and Subsequent Acquisition of Control

[44 Pa.B. 5948]
[Saturday, September 13, 2014]

 Saucon Mutual Insurance Company (Saucon), a Pennsylvania domiciled mutual property insurance company, submitted a plan of conversion which provides for conversion from a mutual property insurance company to a stock property insurance company. The filing, received on September 2, 2014, was made under the Insurance Company Mutual-to-Stock Conversion Act (40 P. S. §§ 911-A—929-A).

 In conjunction with the mutual-to-stock conversion, Saucon Holding Company, a Pennsylvania domiciled stock corporation, submitted a request for approval to acquire control of all of the capital stock of Saucon upon consummation of the previously-referenced conversion. Included within the request was the identity of three individuals anticipated to hold a controlling interest in Saucon Holding Company upon completion of the conversion and acquisition. The acquisition filing, received on September 2, 2014, was made under Article XIV of The Insurance Company Law of 1921 (40 P. S. §§ 991.1401—991.1413).

 The filings are available on the Insurance Department's (Department) web site www.insurance.pa.gov. After first scheduling an appointment, consumers may also view the application and supplemental documents at the Department's Harrisburg office at (717) 787-0877.

 Persons wishing to comment on the grounds of public or private interest are invited to submit a written statement to the Department within 45 days from the date of publication of this notice in the Pennsylvania Bulletin. Each written statement must include the name, address and telephone number of the interested party; identification of the application to which the statement is addressed; and a concise statement with sufficient detail and relevant facts to inform the Department of the exact basis of the statement. Written statements should be directed to Cressinda Bybee, Company Licensing Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120, fax (717) 787-8557, cbybee@pa.gov.

 Comments received will be part of the public record regarding the filing and will be forwarded to the applicant for appropriate response.

MICHAEL F. CONSEDINE, 
Insurance Commissioner

[Pa.B. Doc. No. 14-1937. Filed for public inspection September 12, 2014, 9:00 a.m.]


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