Proposed Acquistion of Control of Physicians Plus Insurance Corp. by UnityPoint Health

​​​​Last Updated: December 30, 2013

Information on the Proposed Acquisition of Control of Physicians Plus Insurance Corporation (PPIC) by Iowa Health System d/b/a UnityPoint Health (Applicant)

On November 1, 2013, Iowa Health System (d/b/a UnityPoint Health) (Applicant), an Iowa nonprofit corporation, filed a plan to acquire control of Physicians Plus Insurance Corporation (PPIC), pursuant to the terms of an Affiliation Agreement dated October 10, 2013, between UnityPoint Health and Meriter Health Services, Inc. (Meriter). Pursuant to the Affiliation Agreement, the Applicant intends to become the sole corporate Member of Meriter, PPIC's parent company. The transaction is subject to all required regulatory approvals, including the approval of this Form A by the Commissioner of Insurance for the State of Wisconsin (the Commissioner).

As required by law, the Office of the Commissioner of Insurance will hold a public hearing concerning this application for acquisition of control.


Notations on Accessing Information

Financial information concerning individual insurance companies, including key annual statement pages, may be accessed on the Consumers Information Source section of the National Association of Insurance Commissioners' Web site at http://www.naic.org/cis/.


Application Material Filed on November 1, 2013

Letter from OCI dated November 12, 2013

Response Letter dated November 22, 2013

Hearing Notice

OCI Recommendation Memorandum

List of Exhibits

Additional Exhibits Submitted at the Hearing

Proposed Decision

Waiver of Right to Object

Final Decision