598 Provident Mutual Life Insurance Company; notice of public informational hearing; plan conversion

Provident Mutual Life Insurance Company; Notice of Public Informational Hearing; Plan of Conversion

[32 Pa.B. 1932]

   The Insurance Department (Department) will hold a public informational hearing regarding the proposed Plan of Conversion (plan) submitted by Provident Mutual Life Insurance Company (Provident Mutual), a Pennsylvania domiciled mutual life insurance company. The proposed plan provides for conversion of Provident Mutual from a Pennsylvania mutual life insurance company to a Pennsylvania stock life insurance company and for merger of Provident Mutual with a newly formed subsidiary of Nationwide Financial Services, Inc. Upon consummation of the plan, Provident Mutual would operate as a wholly-owned subsidiary of Nationwide Financial Services, Inc. The plan was submitted for approval under the Insurance Company Mutual-to-Stock Conversion Act (40 P. S. §§ 911-A--929-A) and sections 1401--1413 of the act of May 17, 1921 (P. L. 682, No. 284) (40 P. S. §§ 991.1401--991.1413). Policyholders and interested persons are invited to attend and participate in the hearing.

   1.  Date and Time: May 23, 2002, beginning at 9 a.m.

   2.   Location: Valley Forge Scanticon Hotel and Conference Center, 1210 First Avenue, King of Prussia, PA 19406, [phone].

   3.  Nature of Hearing: The public informational hearing will provide an opportunity for policyholders and interested persons to present comments relevant to the proposed plan. The proceeding will be recorded and a transcript may be purchased directly from the court reporter.

   4.  Legal Authority: The public informational hearing will be held under the provisions of the Insurance Company Mutual-to-Stock Conversion Act.

   5.  ADA Notice: A person requiring the assistance of auxiliary aids or services to participate in or attend this public informational hearing, should call Tracey Pontius, Director of the Bureau of Administration, [phone]. A person who is hearing impaired, should call the Department's TTY/TDD [phone].

   6.  Written Comments: Persons unable to attend the public informational hearing or would prefer to submit written comments concerning Provident Mutual's proposed plan, may do so by mailing or delivering a copy of the comment to Robert E. Brackbill, Jr., Chief, Company Licensing Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120, fax [phone] or by e-mail at [e-mail]. Be advised that all comments received will be part of the public record regarding this filing.

TIMOTHY KNAPP,   
Deputy Commissioner

[Pa.B. Doc. No. 02-598. Filed for public inspection April 12, 2002, 9:00 a.m.]