In re Midwestern Fidelity Corp.

Opinion by

Judge Mencer,

This case had its genesis in an application by Midwestern Fidelity Corporation (MFC) to the Pennsylvania Insurance Commissioner (Commissioner) seeking approval, pursuant to Section 337.6 of The Insurance Company Law of 1921 (Insurance Company Law), Act of May 17, 1921, P.L. 682, as amended, 40 P.S. §459.6, of MFC’s proposed acquisition of beneficial ownership of more than 10' percent of the capital stock of Zemarc, Ltd. (Zemarc), a Pennsylvania insurance corporation.1

After a considerable number of hearings, during which the present management of the appellant Zemarc…