Docket Number F2008-02
A Merger Agreement has been proposed by and among John Hancock Life Insurance Company ("JHLICO"), a Massachusetts domestic insurance company and its wholly-owned subsidiary, John Hancock Variable Life Insurance Company ("JHVLICO"), a Massachusetts domestic insurance company, and John Hancock Life Insurance Company (U.S.A.) ("JHUSA"), a Michigan domiciled insurance company licensed in the Commonwealth, (collectively "the Companies") whereby JHLICO and JHVLICO will merge with and into JHUSA, pursuant to M.G.L. c. 175, § 19B. The ultimate parent company of JHLICO, JHVLICO and JHUSA is Manulife Financial Corporation, a Canadian-domiciled corporation.
A public hearing conducted pursuant to M.G.L. c. 175, § 19B and 211 CMR 140.00 et seq. to consider the Merger Agreement was commenced on October 28, 2008 at 10:00 a.m. at the offices of the Division of Insurance. The hearing was adjourned and continued at the request of the Companies on that date. The public hearing on the Merger Agreement will be continued on August 5, 2009 at 9:00 a.m. at the offices of the Division of Insurance, One South Station, 5 th Floor, Boston, Massachusetts 02110-2208.
The purpose of this hearing is to afford all interested persons the opportunity to present data, views, arguments or comments regarding the proposed merger, including, but not limited to, the Merger Agreement.
A complete copy of the Merger Agreement (including exhibits) and all documents submitted for consideration at the hearing will be available for inspection by the public at the offices of the Division of Insurance, One South Station, Boston, Massachusetts during regular business hours.
Any person who wishes to make an oral statement at the hearing is requested to file a Notice of Intent to Comment with the Division of Insurance on or before August 3, 2009. Such notice shall contain the name, address and telephone number of the person wishing to make the oral statement and his or her authorized representative, if any. All other persons who wish to make oral statements will be heard after those who notify the Division of Insurance in advance. The Commissioner of Insurance reserves the right to limit the length of any oral statement. Written comment may be submitted at the hearing and until the record of the hearing is closed. All submissions, including Notices of Intent to Comment, must be sent to the Docket Clerk, Hearings and Appeals, Division of Insurance, One South Station, Boston, Massachusetts 02110-2208, and must refer to Docket Number F2008-02. Those persons who have previously submitted a Notice of Intent to Comment or written comment to the Division of Insurance need not re-file another notice.
Dated: July 24, 2009
Nonnie S. Burnes
Commissioner of Insurance