The commission shall proceed to hear and determine such petition, without notice. If the commission shall deem it necessary in order to conserve the interests of the policyholders that notice shall be given, it shall require the company or companies to notify, by mail, all of the members or policyholders of the said company or companies of the pendency of such petition, and the time and place at which the same will be heard, the length of time of such notice to be determined by the commission.
[S13, § 1821-p; C24, 27, 31, 35, 39, § 9107; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 521.4]
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