|In the Matter of the Merger of NORTHERN LIFE INSURANCE COMPANY Into RELIASTAR LIFE INSURANCE COMPANY||)
No. G 2002 - 38
NOTICE OF HEARING
|TO:||Thomas J. McInerney, President|
|Northern Life Insurance Company|
|PO Box 12530|
|Seattle, WA 98101|
|Chris D. Schreier, President|
|ReliaStar Life Insurance Company|
|Minneapolis, MN 55401|
|AND TO:||James R. Mumford|
|ING Americas US Legal Services|
|Des Moines Site|
|909 Locust Site|
|Des Moines, IA 50309|
|Mike Kreidler, Insurance Commissioner|
|Michael G. Watson, Chief Deputy Commissioner|
|James T. Odiorne, Deputy Commissioner, Company Supervision|
|James Tompkins, Holding Company Manager, Company Supervision|
|Office of the Insurance Commissioner|
|PO Box 40259|
|Olympia, WA 98504-0259|
Northern Life Insurance Company is a Washington domestic insurance company. ReliaStar Life Insurance Company is a Minnesota domiciled insurance Company.
Northern Life Insurance Company proposed to merge with and into ReliaStar Life Insurance Company with ReliaStar Life Insurance Company being the surviving company.
The merger of a domestic Washington insurance company is controlled by RCW 48.31.010. Pursuant to RCW 48.31.010, a plan of merger has been submitted to the Insurance Commissioner on May 6, 2002. The Insurance Commissioner must hold a hearing and decide whether to approve the merger of the companies.
YOU ARE HEREBY NOTIFIED that a hearing will be held commencing Friday, July 19, 2002, at 9:00 a.m. Pacific Standard Time. Pursuant to the authority given to the undersigned pursuant to RCW 34.05.449(3), this hearing will be held by telephone, which will include all parties, it being concluded by the undersigned that the rights of the parties will not be prejudiced thereby. The purpose of this hearing is to consider the proposed merger of the Northern Life Insurance Company into the ReliaStar Life Insurance Company. Pursuant to RCW 48.31.010, approval of this proposed merger is conditioned, in part, upon a finding by the undersigned, based upon evidence presented by testimony and documents at the hearing, that there has been reasonable notice given as to this proposed merger and that this proposed merger is fair, equitable, consistent with law, and that no reasonable objections exists.
Please note that any interested individual or entity may indicate his/her or its support, or objection, to this proposed merger by submitting a letter on or before July 18, 2002 to the undersigned at the above address. Interested individuals and entities may include in their letters a request to be included in the hearing by telephone in order to present their positions orally. If any individual or entity believes there is a reason why the hearing should be heard in person rather than by telephone, then that information should also be included in the individual's or entity's letter.
The hearing will be held under the authority granted the Commissioner by Chapter 48.04 RCW and RCW 48.31.010. RCW 48.31.010 lists the findings which must be made before approval can be given to any proposed merger of a Washington domestic insurer.
The basic facts relied upon are those set forth in the Plan and Agreement of Merger and proposed Articles of Merger filed with the Commissioner. The Plan and Agreement of Merger and proposed Articles of Merger 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, 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.
Administrative Law Judge Patricia D. Petersen, who serves as Chief Hearing Officer for the Office of the Insurance Commissioner, has been designated to hear and determine this matter. Her address is Office of the Insurance Commissioner, Post Office Box 40255, Olympia, Washington 98504-0255. Her telephone number is (360) 664-8768. All interested individuals and entities who have questions or concerns concerning this proceeding should direct them to her Administrative Assistant, Charlene Bowman, at the same address. Ms. Bowman's telephone number is (360) 664-8002.
ENTERED AT OLYMPIA, WASHINGTON, this 14th day of June, 2002.
Patricia D. Petersen
Administrative Law Judge
Chief Hearing Officer