Plan of Conversion of Battle Creek Mutual Insurance Company
Nodak Insurance Company holds a surplus note issued by Battle Creek Mutual Insurance Company. The Company, through an affiliation agreement with Battle Creek Mutual Insurance Company, currently has effective control of this mutual company. Both companies are part of the Nodak Insurance Group.
The Board of Directors of Battle Creek Mutual Insurance Company has adopted a Plan of Mutual Property and Casualty Insurance Company Conversion, and has filed it with the North Dakota Insurance Commissioner. Upon conversion, Battle Creek Insurance Company would be wholly-owned by the Company. This Plan to convert Battle Creek Mutual Insurance Company from a mutual company to a stock company first requires an order approving the Plan from the Commissioner, and then approval from the policyholders of that company.
Please refer to the documents below for more information about Battle Creek Mutual's Plan of Conversion.