Merger of Luck Mutual Insurance Company and Barron Mutual Insurance Company With and Into Eagle Point Mutual Insurance Company

​​​​Last Updated: December 29, 2022

Information on the Proposed Merger of Luck Mutual Insurance Company and Barron Mutual Insurance Company into Eagle Point Mutual Insurance Company

On November 17, 2022, Ron Staples, President of Eagle Point Mutual Insurance Company (“Eagle Point"), a 611 mutual insurer, filed a statement on behalf of the Applicants, Luck Mutual Insurance Company (“Luck"), and Barron Mutual Insurance Company (“Barron"), both 612 town mutual insurers, to merge the two town mutuals into Eagle Point.  After the merger, Luck and Barron will cease to exist, and the surviving entity would be Eagle Point.

The Applicant Filed the following documents with OCI:

• Transmittal Letter 
  
• The executed resolution of the Eagle Point Board of Directors approving the Agreement and Plan of Merger with Barron
  
• The executed resolution of the Eagle Point Board of Directors approving the Agreement and Plan of Merger with Luck 
  
• The executed resolution of the Barron Board of Directors approving the Agreement and Plan of Merger with Eagle Point Mutual 
  
• The executed resolution of the Luck Board of Directors approving the Agreement and Plan of Merger with Eagle Point Mutual​ 
  
• The Certificate of Assumption that Barron and Luck proposes to send to all their policyholders after the effective date of the merger 
  
• A proposed Notice of Special Policyholder Meeting and a proposed Agreement and Plan of Merger to be sent to Luck policyholders 
  
• A proposed Notice of Special Policyholder Meeting and a proposed Agreement and Plan of Merger to be sent to Barron policyholders 
  
• Proposed policyholder resolutions approving the merger, Barron 
  
• Proposed policyholder resolutions approving the merger, Luck​​​​ 
  
• Designation of Registered Agent 
  
• Resolution to expand authorized writing territory to entire state 
  
• Unaudited financial statements for Barron and Luck as of September 30, 2022 [CONFIDENTIAL]
• Eagle Point financial statements for the years ended December 31, 2021 and 2020 [CONFIDENTIAL]
• Barron financial statements for the years ended December 31, 2021 and 2020 [CONFIDENTIAL]
  
• Luck financial statements for the years ended December 31, 2021 and 2020 [CONFIDENTIAL]​
  
  

Policyholder Vote Documents

• Luck Merger Voting Report 
  
• Barron Merger Voting Report 
  
  

Decision Documents

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