|Hearing Scheduled for November 7, 2008|
Pursuant to M.G.L. Chapter 175, § 49A, Sparta Insurance Company ("Sparta"), a domestic insurer of Massachusetts, has requested the approval of the Commissioner of Insurance ("Commissioner") to transfer corporate domicile to the State of Connecticut. Sparta is a wholly-owned subsidiary of Sparta Insurance Holdings, Inc., a Delaware corporation.
The Commissioner wishes to consider relevant financial, legal and policy matters associated with this proposed redomestication in connection with Sparta's request. To provide for full consideration of these issues, the Commissioner has scheduled an informational hearing for 10:00 a.m. on November 7, 2008 at the Division of Insurance, One South Station, Boston, Massachusetts.
The purpose of the hearing is to afford any persons the opportunity to provide oral and/or written comments regarding this matter. Pursuant to M.G.L. c. 175, § 49A, the Commissioner shall approve any such proposed change in domicile unless she determines that such change is not in the interest of the policyholders of the Commonwealth of Massachusetts.
Any person who intends to provide comment at the hearing should file a Notice of Intent to Provide Comment with the Division of Insurance on or before October 30, 2008. All other persons who wish to provide comment will be heard subsequent to those who notify the Division of Insurance in advance. Persons wishing to submit written comments may do so at any time prior to the conclusion of the hearing. All submissions, including the written Notice of Intent to Provide Comment, must be sent to: Docket Clerk, Hearings and Appeals, Division of Insurance, One South Station, Boston, MA 02110-2208, and must refer to Docket No. F2008-03.
Nonnie S. Burnes
Commissioner of Insurance