MLMIC Distributes Policyholder Information Statement on Berkshire Hathaway Transaction
UPDATE: As of October 2, 2018, the closing of the transaction with Berkshire Hathaway has been finalized. Please visit the official announcement to read about the closing or click here for additional details.
MLMIC is pleased to report that it has prepared and distributed a Policyholder Information Statement to Record Date Policyholders with detailed information about the proposed conversion and acquisition by National Indemnity Company, a subsidiary of Berkshire Hathaway Inc.
The document contains important information about:
- a proposed conversion of Medical Liability Mutual Insurance Company (MLMIC) to a stock insurance company and acquisition by National Indemnity Company;
- how the proposed conversion and acquisition would affect policyholders; and
- how Record Date Policyholders can vote for or against MLMIC’s Plan of Conversion. Record Date Policyholders are policyholders of policies in effect on July 14, 2016. Only Record Date Policyholders were sent the Policyholder Information Statement since they are the policyholders eligible to vote for or against MLMIC’s Plan of Conversion.
If you any questions, please call 1-888-998-7871.