INSURANCE COMMISSIONER
In the Matter of the Merger of FREMONT INDEMNITY COMPANY OF THE NORTHWEST with and into FREMONT INDUSTRIAL INDEMNITY COMPANY | ) ) ) ) ) ) |
No. G 2000 - 50 NOTICE OF HEARING |
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