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 announces an important clarification on the designation by an eligible policyholder for a policy administrator or EPLIP employer to receive cash consideration upon approval of the proposed transaction with Berkshire Hathaway.
MLMIC recently sent notices to eligible policyholders who, according to MLMIC’s records, had a policy administrator or an employer on an Employee Professional Liability Insurance Policy (EPLIP Employer) in effect at any time from July 15, 2013, through July 14, 2016. The notices explained how cash consideration allocable to eligible policyholders upon completion of the Proposed Transaction with Berkshire Hathaway could be designated to such policy administrators or EPLIP employers by completing a consent form and returning the executed consent form to MLMIC’s tabulation agent, Computershare Inc., in the envelope provided with each notice.
In the Policyholder Information Statement that was sent to record date policyholders (see page 8, item A13), it states that the consent form should be returned to the policy administrator or EPLIP Employer who should then return the consent form to MLMIC. Please disregard those instructions in the Policyholder Information Statement, which have been superseded by the process in the notices, and instead send the executed consent form directly to MLMIC’s tabulation agent – Computershare, Corporate Actions Voluntary Offer, P.O. Box 43011, Providence, RI, 02940-3011 – using the prepaid envelope that was included with the notices. Please do not return the consent form to the policy administrator, the EPLIP Employer or MLMIC.
If you have any questions about the designation process, please call 1-888-467-9074 from 9 a.m. to 4 p.m., Eastern time, Monday through Friday.