WSR 00-19-079

OFFICE OF

INSURANCE COMMISSIONER

[ Filed September 20, 2000, 8:59 a.m. ]

In the Matter of the Merger of FREMONT INDEMNITY COMPANY OF THE NORTHWEST with and into FREMONT INDUSTRIAL INDEMNITY COMPANY )

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No. G 2000 - 50

NOTICE OF HEARING


TO: John Finston

LeBoeuf, Lamb, Greene & MacRae

One Embaracadero Center

San Francisco, California 94111


Michael Rosenfield

Barger & Wolen

515 S. Flower Street, 34th Floor

Los Angeles, California 90071


Gary Purdom

Fremont Indemnity Co of the Northwest

1601 5th Avenue, Suite 1300

Seattle, Washington 98101


Allyson Simpson

Fremont Compensation Insurance Group

500 North Brand Boulevard

Glendale, California 91203


Fremont Indemnity Company of the Northwest is a domestic Washington property and casualty insurance company. Fremont Indemnity Company of the Northwest is owned by Fremont Industrial Indemnity Company, a domestic California property and casualty insurance company Fremont Industrial Indemnity Company holds Washington Certificate of Authority No. 483 authorizing it to transact business in Washington. The ultimate controlling person of Fremont Industrial Indemnity Company is Fremont General Corporation.


Fremont Industrial Indemnity Company has announced its intention to merge Fremont Indemnity Company of the Northwest with and into itself.


A merger involving a domestic Washington insurance company is controlled by RCW 48.31.010. Pursuant to RCW 48.31.010 (1)(a) a plan of merger was submitted to the Insurance Commissioner on September 14, 2000.


YOU ARE HEREBY NOTIFIED a hearing will be held commencing Wednesday, September 27, 2000, at 1:30 p.m. in the conference room of the Insurance Commissioner's Office, 420 Golf Club Road, Lacey, Washington 98503, to consider the proposed merger of Fremont Indemnity Company of the Northwest with and into Fremont Industrial Indemnity Company.


The hearing will be held under the authority granted the Commissioner by Chapter 48.04 RCW and RCW 48.31.010 (1)(b). RCW 48.31.010 (1)(b) prescribes conditions upon which approval of the proposed merger shall be judged.


The Commissioner has not taken, and will not take, any position on this matter prior to entry of the hearing order.


All parties may be represented at the hearing. They may examine witnesses and fully respond and present evidence and argument on all issues involved, as required by the Administrative Procedure Act. The hearing will be governed by the Administrative Procedure Act, Chapter 34.05 RCW, and the model rules of procedure contained in Chapter 10-08 WAC. A party who fails to attend or participate in any stage of the proceeding may be held in default in accordance with Chapter 34.05 RCW.


The Commissioner will be represented by James E. Tompkins, Assistant Deputy Commissioner, and Ronald J. Pastuch, Financial Analyst.


Assistant Deputy Commissioner John B. Woodall will hear and determine this matter. His address is Office of the Insurance Commissioner, Post Office Box 40259, Olympia, Washington 98504-0259. His telephone number is (360) 407-0535.


ENTERED AT OLYMPIA, WASHINGTON, this 19th day of September, 2000.

DEBORAH SENN

Insurance Commissioner

By: JOHN B. WOODALL

Assistant Deputy Commissioner

for Company Supervision

Washington State Code Reviser's Office