2072 Application and request for approval of medical professional liability reciprocals exchange-to-stock conversions

Application and Request for Approval of Medical Professional Liability Reciprocals Exchange-to-Stock Conversions

[45 Pa.B. 6769]
[Saturday, November 21, 2015]

 Professional Casualty Association (PCA) and Physicians' Insurance Program Exchange (PIPE), Pennsylvania domiciled reciprocal and inter-insurance exchanges, have filed an application for the conversion of each PCA and PIPE to stock form under 40 Pa.C.S. §§ 3501—3517 (relating medical professional liability reciprocal exchange-to-stock conversion). The PCA Plan of Conversion and PIPE Plan of Conversion are noted by the applicants to be ''interdependent'' and involve a series of transactions to include the merger of the converted PIPE into the converted PCA and the formation of a stock holding company. The application was received on September 30, 2015.

 The filing is available on the Insurance Department's (Department) web site at www.insurance.pa.gov. After first scheduling an appointment at [phone], consumers may also view the application and supplemental documents at the Department's Harrisburg office.

 Persons wishing to comment on the grounds of public or private interest are invited to submit a written statement to the Department. Each written statement must include the name, address and telephone number of the interested party; identification of the application to which the statement is addressed; and a concise statement with sufficient detail and relevant facts to inform the Department of the exact basis of the statement. Written statements should be directed to Cressinda Bybee, Company Licensing Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120, fax [phone], [e-mail].

 Comments received will be part of the public record regarding the filing and will be forwarded to the applicants for appropriate response. The public comment period will remain open for an indefinite period of time to afford persons ample opportunity to provide written comments on the filing to the Department. A subsequent announcement will appear in the Pennsylvania Bulletin to provide notice of closing of the public comment period.

TERESA D. MILLER, 
Insurance Commissioner

[Pa.B. Doc. No. 15-2072. Filed for public inspection November 20, 2015, 9:00 a.m.]