INSURANCE COMMISSIONER
In the Matter of the Disclaimer of Control in relation to the Acquisition of SAFECO CORPORATION. | ))) | No. G 99 - 45 NOTICE OF HEARING |
SAFECO Corporation
SAFECO Plaza
Seattle, Washington 98185
Philip de Toledo, Sr. Vice President
The Capital Group Companies, Inc.
333 Hope Street
Los Angeles, California 90071
J. Michael Low
Low & Childers, Inc.
2999 North 44th Street, Suite 250
Phoenix, Arizona 85018
Insurance Commissioners per attached list
SAFECO Corporation is a Washington domestic insurance holding company. SAFECO
Corporation is the ultimate controlling person of the following Washington domestic insurance
companies:
Empire Life Insurance Company
First National Insurance Company of America
General Insurance Company of America
SAFECO Insurance Company of America
SAFECO Life Insurance Company
SAFECO National Life Insurance Company
SAFECO Surplus Lines Insurance Company
Capital Group Companies, Inc. is the parent of some number of subsidiaries referred to as CGC Management Companies. Capital Group Companies, Inc. filed its disclaimer of control as to the identified Washington domestic insurers in anticipation of its acquisition of 10% or more of the voting stock of SAFECO Corporation.
The acquisition of a domestic Washington insurance company is controlled by
RCW 48.31B.
RCW 48.31B.005 establishes a presumption of control "if a person, directly or indirectly,
owns, controls, holds with the power to vote, or holds proxies representing, ten percent or more
of the voting securities of any other person.”
Order No. G 99-45
Notice of Hearing
Page Two
YOU ARE HEREBY NOTIFIED that a hearing will be held commencing Thursday, September 16,
1999, at 10:00 a.m. in the 2nd Floor Conference Room at 420 Golf Club Road, Lacey,
Washington 98503, to consider all appropriate action concerning the proposed acquisition of
SAFECO Corporation as described in the Disclaimer of Control attached to this notice as Exhibit
A.
The hearing will be held under the authority granted the Commissioner by
RCW 48.02.060(3)
and
RCW 48.31B.025(11).
The basic facts relied upon are those set forth in the Disclaimer of Control filed with the
Commissioner. The complete Disclaimer of Control will be made part of the record of the
hearing.
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,
RCW 34.05, and the model rules of procedure contained in
WAC 10-08. A party who
fails to attend or participate in any stage of the proceeding may be held in default in accordance
with
RCW 34.05.
The Commissioner will be represented by James Tompkins, Assistant Deputy Commissioner.
Deputy Insurance Commissioner James T. Odiorne has been designated to 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) 407-0420.
ENTERED AT OLYMPIA, WASHINGTON, this 4th day of August, 1999.
DEBORAH SENN
Insurance Commissioner
By:
JAMES T. ODIORNE, CPA, JD
Deputy Insurance Commissioner
Company Supervision Division
John Ference, Acting Director of Insurance
Alaska Division of Insurance
Dept. of Commerce & Economic Dev.
P. O. Box 110805
Juneau, Alaska 99811-0805
David Parsons, Acting Commissioner
Alabama Department of Insurance
201 Monroe Street, Suite 1700
Montgomery, Alabama 36104
Mike Pickens, Insurance Commissioner
Arkansas Department of Insurance
1200 West 3rd Street
Little Rock, Arkansas 72201-1904
Chuck Cohen, Director of Insurance
Arizona Department of Insurance
2910 North 44th Street, Suite 210
Phoenix, Arizona 85018-7256
Chuck Quackenbush, Insurance Commissioner
California Department of Insurance
300 Capitol Mall, Suite 1500
Sacramento, California 95814
William J. Kirven, Insurance Commissioner
Colorado Division of Insurance
1560 Broadway, Suite 850
Denver, Colorado 80202
George M. Reider, Jr., Insurance Commissioner
Connecticut Department of Insurance
P.O. Box 816
Hartford, Connecticut 06142-0816
Reginald Berry, Acting Commissioner of Insurance
Dept. Of Insurance & Securities Reg.
Government of the District of Columbia
810 First Street, N. E.
Suite 701
Washington, DC 20002
Donna Lee Williams, Commissioner of Insurance
Delaware Department of Insurance
Rodney Building
841 Silver Lake Boulevard
Dover, Delaware 19904
Bill Nelson, Commissioner of Insurance
Florida Department of Insurance
State Capitol
Plaza Level Eleven
Tallahassee, Florida 32399-0300
John Oxendine, Insurance Commissioner
Georgia Department of Insurance
2 Martin L. King, Jr. Dr.
Floyd Memorial Bldg., 704 West Tower
Atlanta, Georgia 30334
Wayne Metcalf, Insurance Commissioner
Hawaii Insurance Division
Dept. of Commerce & Consumer Affairs
P.O. Box 3614
Honolulu, Hawaii 96811-3614
Terri Vaughan, Insurance Commissioner
Division of Insurance
State of Iowa
330 E. Maple Street
Des Moines, Iowa 50319
Mary L. Hartung, Director of Insurance
Idaho Department of Insurance
700 West State Street, 3rd Floor
Boise, Idaho 83720-0043
Nathaniel S. Shapo, Director of Insurance
Illinois Department of Insurance
320 West Washington St., 4th Floor
Springfield, Illinois 62767-0001
Sally McCarty, Insurance Commissioner
Indiana Department of Insurance
311 W. Washington Street, Suite 300
Indianapolis, Indiana 46204-2787
Kathleen Sebelius, Insurance Commissioner
Kansas Department of Insurance
420 S.W. 9th Street
Topeka, Kansas 66612-1678
George Nichols III, Insurance Commissioner
Kentucky Department of Insurance
P.O. Box 517
215 West Main Street
Frankfort, Kentucky 40602-0517
James H. Brown, Insurance Commissioner
Louisiana Department of Insurance
P.O. Box 94214
Baton Rouge, Louisiana 70804-9214
Linda Ruthardt, Insurance Commissioner
Division of Insurance
Commonwealth of Massachusetts
470 Atlantic Avenue, 6th floor
Boston, Massachusetts 02210-2223
Steven B. Larsen, Insurance Commissioner
Maryland Insurance Administration
525 St. Paul Place
Baltimore, Maryland 21202-2272
Alessandro Iuppa, Superintendent of Insurance
Maine Bureau of Insurance
Dept. of Professional & Financial Reg.
State Office Building, Station 34
Augusta, Maine 04333-0034
Frank Fitzgerald, Insurance Commissioner
Michigan Insurance Bureau
Department of Commerce
611 W. Ottawa Street, 2nd Floor North
Lansing, Michigan 48933-1020
David Jennings, Insurance Commissioner
Minnesota Department of Commerce
133 East 7th Street
St. Paul, Minnesota 55101
Keith Wenzel, Director of Insurance
Missouri Department of Insurance
301 West High Street, 6 North
Jefferson City, Missouri 65102-690
George Dale, Insurance Commissioner
Mississippi Insurance Department
P.O. Box 79
Jackson, Mississippi 39205
Mark O'Keefe, Insurance Commissioner
Montana Department of Insurance
126 North Sanders
270 Mitchell Building
Helena, Montana 59601
Jim Long, Insurance Commissioner
North Carolina Department of Insurance
P.O. Box 26387
Raleigh, North Carolina 27611
Glenn Pomeroy, Insurance Commissioner
North Dakota Department of Insurance
600 E. Boulevard
Bismarck, North Dakota 58505-0320
Tim Wagner, Director of Insurance
Nebraska Department of Insurance
Terminal Building, Suite 400
941 'O' Street
Lincoln, Nebraska 68508
Paula Rogers, Insurance Commissioner
Department of Insurance
State of New Hampshire
56 Old Suncook Road
Concord, New Hampshire 03301
Jaynee LaVecchia, Insurance Commissioner
New Jersey Department of Insurance
20 West State Street CN325
Trenton, New Jersey 08625
Michael C. Batte, Acting Superintendent of Insurance
New Mexico Department of Insurance
P.O. Drawer 1269
Santa Fe, New Mexico 87504-1269
Alice Molasky-Arman, Insurance Commissioner
Nevada Division of Insurance
1665 Hot Springs Road, Suite 152
Carson City, Nevada 89706-0661
Neil D. Levin, Superintendent of Insurance
New York Department of Insurance
25 Beaver Street
New York, New York 10004-2319
Lee Covington, Director of Insurance
Ohio Department of Insurance
2100 Stella Court
Columbus, Ohio 43215-1067
Carroll Fisher, Insurance Commissioner
Oklahoma Department of Insurance
3814 N. Santa Fe
Oklahoma City, Oklahoma 73118
Mike Greenfield, Director of Insurance
Oregon Division of Insurance
Dept. of Consumer & Business Services
350 Winter Street NE, Room 200
Salem, Oregon 97310-0700
Diane Koken, Insurance Commissioner
Pennsylvania Insurance Department
1326 Strawberry Square, 13th Floor
Harrisburg, Pennsylvania 17120
Alfonso E. Mastrostefano, Superintendent of Insurance
Rhode Island Insurance Division
Dept. of Business Regulation
233 Richmond Street, Suite 233
Providence, Rhode Island 02903-4233
Ernst Csiszar, Director of Insurance
South Carolina Department of Insurance
P.O. Box 100105
Columbia, South Carolina 29202-3105
Darla L. Lyon, Director of Insurance
South Dakota Division of Insurance
Dept. of Commerce & Regulation
118 West Capitol Avenue
Pierre, South Dakota 57501-2000
Doug Sizemore, Insurance Commissioner
Tennessee Department of Commerce
& Insurance
Volunteer Plaza
500 James Robertson Parkway
Nashville, Tennessee 37243-0565
Jose Montemayor, Insurance Commissioner
Texas Department of Insurance
P.O. Box 149104
Austin, Texas 78714-9104
Merwin Stewart, Insurance Commissioner
Utah Department of Insurance
3110 State Office Building
Salt Lake City, Utah 84114-1201
Alfred W. Gross, Insurance Commissioner
State Corporation Commission
Bureau of Insurance
Commonwealth of Virginia
P.O. Box 1157
Richmond, Virginia 23218
Elizabeth R. Costle, Insurance Commissioner
Vermont Division of Insurance
Dept. of Banking, Insurance & Securities
89 Main Street, Drawer 20
Montpelier, Vermont 05620-3101
Deborah Senn, Insurance Commissioner
Washington Office of the Insurance Commissioner
P.O. Box 40255
Olympia, Washington 98504-0255
Connie O'Connell, Insurance Commissioner
Office of the Commissioner of Insurance
State of Wisconsin
P.O. Box 7873
Madison, Wisconsin 53707-7873
Hanley C. Clark, Insurance Commissioner
West Virginia Department of Insurance
P.O. Box 50540
Charleston, West Virginia 25305-0540
John P. McBride, Insurance Commissioner
Wyoming Department of Insurance
Herschler Building
122 West 25th Street, 3rd East
Cheyenne, Wyoming 82002-0440