Merger of Marcellon-Courtland-Springvale Mutual Insurance Company With and Into Mt. Morris Mutual Insurance Company

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​​​Last Updated: September 12, 2023​

Information on the Proposed Merger of Marcellon-Courtland-Springvale Mutual Insurance Company with and into Mt. Morris Mutual Insurance Company

On June 23, 2023, Marcellon-Courtland-Springvale Mutual Insurance Company (“Marcellon"), a 612 town mutual insurer, filed a statement on behalf of the Applicants.  Marcellon along with Mt. Morris Mutual Insurance Company (“Mt. Morris"), a 611 mutual insurer, intend that Marcellon will merge with and into Mt. Morris.  After the merger, in accordance with the agreement and plan of merger, Marcellon will cease to exist, and the surviving entity would be Mt. Morris.

The Applicant filed the following documents with OCI:

• Transmittal Letter
  
• Executed Agreement and Plan of Merger​​​​​
  
• The Executed Resolution of the Marcellon Board of Directors Approving the Agreement and Plan of Merger
  
• The Executed Resolution of the Mt. Morris Board of Directors Approving the Agreement and Plan of Merger
  
• Summary of Agreement and Plan of Merger
  
• The Certificate of Assumption that Mt. Morris Proposes to Send to Marcellon Policyholders After the Effective Date of the Merger
  
• A Proposed Notice of Special Policyholder Meeting to be sent to Marcellon Policyholders
  
• Proposed Marcellon and Mt. Morris Policyholder Resolutions
• List of Initial Directors and Officers of Mt. Morris
  
• Financial statements for Marcellon as of March 31, 2023
  
• Financial statements for Mt. Morris as of March 31, 2023​​
  

Policyholder Vote Documents

• Marcellon Merger Voting Report
  

Decision Documents

• Recommendation Memo
  
• OCI Approval Letter​
  
• Vote Certification Confirmation Letter​​