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PA Bulletin, Doc. No. 08-1082

NOTICES

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

[38 Pa.B. 2749]
[Saturday, June 7, 2008]

   The Philanthropic Mutual Fire Insurance Company, a Pennsylvania domiciled mutual property insurance company, has submitted a Plan of Mutual-to-Stock Conversion, whereby it proposes to convert from a mutual insurance company to an insurer organized as a stock company. The initial filing was made under requirements set forth under the Insurance Company Mutual-to-Stock Conversion Act (40 P. S. §§ 911-A--929-A).

   In conjunction with the mutual-to-stock conversion, Mutual Management Company, LLC has filed an application for approval to acquire control of the converted Philanthropic Mutual Fire Insurance Company. The acquisition filing was made under the requirements set forth under the Insurance Holding Companies Act (40 P. S. §§ 991.1402--991.1413).

   Additionally, the Hanover Fire Holdings, Inc. has submitted a Plan of Merger, whereby it proposes to merge Hanover Fire and Casualty Insurance Company, a Pennsylvania domiciled stock casualty insurance company subsidiary, with and into the converted Philanthropic Mutual Fire Insurance Company. The survivor of the merger would be the converted Philanthropic Mutual Fire Insurance Company. The merger filing was made pursuant with requirements set forth under the Business Corporation Law of 1988, 15 Pa.C.S. §§ 1921--1932 and GAA Amendments Act of 1990 (15 P. S. §§ 21205--21207); and section 207 of the Insurance Company Act of 1921 (40 P. S. §§ 991.1402--991.1413).

   Any person wishing to comment on the grounds of public or private interest to the issuance of the Insurance Department's (Department) orders approving of the conversion, acquisition and/or merger is invited to submit a written statement to the Department within 60 days from the date of this issue of the Pennsylvania Bulletin. Each written statement must include name, address and telephone number of the author, identification of the application to which the statement is addressed, and a concise statement with sufficient detail to inform the Department of the exact basis of the statement and the relevant facts upon which it is based. Written statements should be directed to Robert Brackbill, Company Licensing Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120, (717) 787-8557 or rbrackbill@state.pa.us.

JOEL SCOTT ARIO,   
Acting Insurance Commissioner

[Pa.B. Doc. No. 08-1082. Filed for public inspection June 6, 2008, 9:00 a.m.]


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