Joint Conversion of Seneca, Sigel Mutual Insurance Company and Lebanon-Clyman Mutual Insurance Company into a 611 Mutual Insurance Company

​​Last Updated: November 19, 2024

​Information on the Proposed Joint Conversion of Seneca, Sigel Mutual Insurance Company and Lebanon-Clyman Mutual Insurance Company into a 611 Mutual Insurance Company​

On September 9, 2024, Seneca, Sigel Mu​tual Insurance Company (Seneca), a 612 town mutual insurer, and Lebanon-Clyman Mutual Insurance Company (Lebanon), a 612 town mutual insurance company, filed a statement pursuant to s. 612.23 Wis. Stat. on behalf of the companies seeking to jointly convert to a 611 mutual insurer. 

Application Materials Filed with OCI

• Transmittal Letter
  
• Confidential Supplement Transmittal Letter
  
• Certified resolution of the Seneca Board of Directors
  
• Certified resolution of the Lebanon Board of Directors
  
• Certificate of Assumption
  
• Name Change Endorsement
  
• Executed Plan of Conversion including the following exhibits [REDACTED]:
  
• Projected Surplus  [CONFIDENTIAL]
  
• Business Plan  [CONFIDENTIAL]
• Proposed Articles of Incorporation
  
• Proposed Bylaws
  
• A listing of the proposed directors and officers
  
• Proposed summary of the conversion to be sent to policyholders with the meeting notice
  
• A proposed notice of policyholder meeting to be sent to Seneca policyholders
  
• A proposed notice of policyholder meeting to be sent to Lebanon policyholders
  
• The proposed policyholder resolution ballot to be presented at the Seneca special meeting of the policyholders
  
• The proposed policyholder resolution ballot to be presented at the Lebanon special meeting of the policyholders
  
• The proposed policyholder resolution mail in ballot to be sent to Seneca policyholders
  
• The proposed policyholder resolution mail in ballot to be sent to Lebanon policyholders
  
• The proposed report of Seneca policyholder votes to be submitted to the OCI following the special meeting
  
• The proposed report of Lebanon policyholder votes to be submitted to the OCI following the special meeting
  
• Seneca Annual Statement
  
• New Hope Annual Statement 
  
• Lebanon Annual Statement​
  
• The most recent unaudited financial statements for Seneca [CONFIDENTIAL]
• The most recent unaudited financial statements for Lebanon [CONFIDENTIAL]
• Financial projections [CONFIDENTIAL]
• Biographical affidavits for each of the directors and officers [CONFIDENTIAL]
• Proposed compensation of directors and officers [CONFIDENTIAL]

Policyholder Vote Documents

• Seneca Voting Report
  
• Lebanon Voting Report
  

Decision Documents

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