Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 144.00 - Procedures For The Regulatory Review Of And Public Hearings On Plans Of Reorganization Or Conversion Pursuant To M.g.l. C.175 Secs. 19f-19w
Section 144.05 - Notice of Hearing

(1) Publication. The company shall publish the hearing notice issued by the Commissioner in newspapers or other publications as determined by the Commissioner. The notice will specify the date on or before which petitions to intervene or participate must be filed and served. The notice must be published at least 15 days before the hearing, but not more than 60 days before the hearing. The Commissioner will specify the time for publication. The company shall file proof of publication within 14 days of publication.

(2) Mailing. At least 60 days before the hearing, the company shall mail the notice of hearing, via first class mail or by such other method as the Commissioner deems appropriate, to its directors, officers, employees and eligible policyholders at their last known addresses as shown on the records of the company. The notice shall be preceded or accompanied by a true and complete copy of the plan, or by a summary of the plan approved by the Commissioner, and any other explanatory information that the Commissioner shall approve or require.

(3) Other Notification. At least 60 days before the hearing, or at such time as otherwise ordered by the Commissioner, the company shall post the notice of hearing on its internet site in accordance with any instructions given by the Commissioner. Unless the Commissioner directs otherwise, the company shall also post a complete copy of the plan and the summary of the plan approved by the Commissioner, together with any other explanatory information that the Commissioner shall approve or require.