Last Updated: January 9, 2019
Information on the Proposed Merger of Little Black Mutual Insurance Company with and into Farmington Mutual Insurance Company
On August 30, 2018, Farmington Mutual Insurance Company (Farmington) requested approval for the merger of Little Black Mutual Insurance Company (Little Black) with and into Farmington, pursuant to the terms and conditions set-forth in the Agreement and Plan of Merger (Plan of Merger). The Effective Date of the proposed merger is December 31, 2018, at 11:59 PM, Central Time.
Pursuant to the Plan of Merger, Little Black will be merged with and into Farmington and will cease its existence as a separate entity. Farmington will continue as the surviving corporation, and will keep its present name until it is changed at a future date. There will be no consideration paid, dividends declared, or sale of any assets. Policies issued by the surviving company will be nonassessable.
Little Black Mutual Insurance Company is a Wisconsin-domiciled mutual property and casualty insurance company located in Medford, Wisconsin. It was originally organized as a town mutual insurance company on June 4, 1889, and converted to an assessable mutual insurance company under ch. 611, Wis. Stat., on January 1, 1998. Little Black is licensed in Wisconsin only, and is required to hold permanent surplus of $1 million.
Farmington Mutual Insurance Company is a Wisconsin-domiciled mutual property and casualty insurance company located in Osceola, Wisconsin. It was organized as a town mutual insurer in 1878, and converted to a nonassessable mutual insurance company under ch. 611, Wis. Stat., on September 16, 1996. Farmington is licensed in Wisconsin only.
Notation 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
www.naic.org/cis/.
Form A and Exhibits, Filed with the Wisconsin OCI on August 30, 2018
Exhibit A: Cover Letter to Amy Malm of the Wisconsin Office of the Commissioner of Insurance
Exhibit A-1: Form A – Acquisition of Control or Merger with a Domestic Insurer, plus non-confidential exhibits:
Exhibit A-2: Cover Letter to Amy Malm of the Wisconsin OCI Requesting Confidential Treatment, plus confidential exhibits:
- Exhibit A-2-D: Biographical Affidavits [CONFIDENTIAL]
- Exhibit A-2-F: Financial Pro-Forma [CONFIDENTIAL]
- Exhibit A-2-G: Plan of Operation for the Combined Company [CONFIDENTIAL]
Wisconsin OCI Form A Follow-up Letter:
Applicant's Response to OCI's Form A Follow-up Letter:
Wisconsin OCI Recommendation Memo:
Hearing Documents:
Final Decision: