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This
official website is maintained by the Court approved, independent
Claims Administrator under the supervision of the First Judicial
District Court, County of Santa Fe, State of New Mexico
The Court has
certified a Class that consists of all MassMutual life and disability
insurance policyholders (or their estates) who have paid a "Modal
Charge" at any time. The Modal Charge is a charge in addition
to the annual premium, that is or was paid by MassMutual policyholders
who pay or paid premiums on a semi-annual, quarterly or monthly
installment basis. If you are now, or at any time in the past have
been, a life or disability insurance policyholder of MassMutual
and have paid premiums on a semi-annual, quarterly or monthly installment
basis, you are a member of the Class.
The Court has
preliminarily approved a Settlement of this class action and will
hold a Fairness Hearing on June 20, 2002 at the First Judicial
District Court, Santa Fe Judicial Complex, 100 Catron Street in
Santa Fe, New Mexico to make a final determination as to whether
the Settlement is fair, adequate and reasonable.
The terms of
the Settlement are described in detail in the Settlement Agreement
and the Long Form Notice provided on this website. In essence, MassMutual
has agreed to provide (i) additional disclosures about the Modal
Charge and (ii) MassMutual Certificates having a face value of $100,
which may be applied toward the purchase of Available MassMutual
Products. In the alternative, subject to certain limitations, the
MassMutual Certificates may be redeemed for $30 cash.
Class Members
have the following options:
If you want
to remain in the Class and participate in the Certificate Program,
you must follow the eligibility procedures described in more detail
in the Long Form Notice.
If you want
to exclude yourself (opt-out) from the Class and the Settlement,
you must do so in writing by May 31, 2002. The procedure for
exclusion is described in the Long Form Notice. If you filed
a request for exclusion in connection with the Prior Settlement,
that request is no longer valid. If you opted-out of the Prior
Settlement and now wish to obtain the benefits of this Settlement,
you may do so. You do not need to do anything to revoke your prior
opt-out.
If you want
to remain in the Class but object to the Settlement, you must do
so in writing by May 31, 2002. The procedure for objecting is
described in the Long Form Notice. If you filed an objection
to the Prior Settlement, it is no longer valid.
If you do not
timely request to be excluded, then you will be bound by the terms
of this Settlement if it is approved by the Court, including the
release of certain claims that you might have against MassMutual,
as described in the Long Form Notice.
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