Subject


This is a Public Hearing on the application for acquisition of First Professional Insurance Company, Inc. by The Doctors Company, pursuant to Section 628.461, Florida Statutes. On May 23, 2011, FPIC Insurance Group, Inc., a Florida corporation (the “Company”), The Doctors Company, An Interinsurance Exchange, a California domiciled reciprocal (“Parent”), and Fountain Acquisition Corp., a Florida corporation and a wholly owned subsidiary of Parent (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which, subject to the satisfaction or waiver of the conditions therein, Merger Sub will merge with and into the Company (the “Merger”) with the Company surviving the Merger as the surviving corporation and a wholly owned subsidiary of Parent. For the purpose of this application, the Parent will acquire two Florida domiciled subsidiaries, First Professional Insurance Company, Inc. (NAIC number 33383) and Anesthesiologists Professional Assurance Company (NAIC number 37656).