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I certify that the fClllowlng Individuals are offlcel"ll of P..rles.a Insuranc:e Company .s of Cec:ember 31. 1998, to wit:
Victor M: Yemll..................................................Chief Executive Officer Douglas S. Senedict. Dwight W. Sowie. Donald Ch.ek MI h I ~
Rog.r L J.an....................................................Chief Operating Officer Christians.n. John T. Clifford. Donna Egyed, Steven A, F~lwao.Od .
Richard T, S.II ...................................................................... President Justin D. Healy. Matthew W. Klimczak. Steven M. Myers Brute W
Euguen. G, Sallard. Joseph E. Vardaro,Mark E. Fiebrink. Howard Seaman........................................................................Vice 'Presidents
Haskowitz, Joseph L Zarandona.................Executive Vice Presidents Jane F. Taylor ...............Assistant Vice Pre.ident!Assistant S.cretar;
Forrest H. Johnson.............................................Senior Vice President Nancy C. Callender. Myma J. Hamngton. Kevin M. Killelea, Steven
Joseph P. Trac.y...............................Senior Vice Presid.nt! Treasurer S. May. John J. Williams, Thomas F. Wilson. Jr ..................................
Elliot S. Orol..................................................Vice Pr.sident! Secretary ..................................................................Assistant Vice Presidents
Mildred F. Mullen ...................................Assistant Secretary(Resident;
I further CERTIFY that the' following Financial Statement of the Company.1s true, as taken from the books of said Company as of December 31,1998 to wit
LIABILITIES
Reserve for Losses........................................................S24S.S56. 7 4~
Reinsurance Payable on Paid Losses...............................21.854,82:
R.eerve for Loss Adjustment Expens.s.........................65,871 .161
Reserve for Contingent Commission................................4,343.9S:
Reserv~ for Other Underwriting Expenses........................5,086,951
Reserve for Taxes, Weenses and Fees..............................1, 741,26-
Reserv-e for Federal Income Taxes...................................................(
Reserv. for Un.amed Premiums.......................,.......~...162,379,30.
Funds Heid far Others.........................................................2.36S,S1.
Reserve for Outstanding L.oss Drafls.......................................2,371
Other Liabillties..................................................................17 .55 1.31,
TOTAL L.IABIUTlES.........................................................831, 157,75
Capital.........................................................................._.......8.848 ,63
Surpius.............................................................................1 S7. 790~79
Treasury Stock........................................................................ 165,71
Surplus to Pollcyholders...............................................206.473.71
TOTAL. LIABILITIES AND CAPITAL...............................737,631 ,46
S.curities carried at $7,846,673 on the above stat.ment are deposited as required by iaw.
ASSETS
Bonds at Amortized Values........._............................$ 496.867,548
Stacks at Market Valu.s....................................................47.040.767
R.al Estat..........................................................................:.7.585.287
Ca.h....................................................................................(2.844.485)
Short. term Investm.nts...................................;..............70.687.212
Agent 8alances................................................................1 00.943.792
R.insurance Recoverabl.........................................................82.656
Accrued Int.rest and Dividends.........................................5.678.532
Other Ass.ts.......................................................................11.590.167
TOTAL. ADMITTED ASSETS............................................737.631.466
I further CERTIFY the fullowlng Is a true copy of the By~Laws of The Peerfess (nsurance Company, relating to the execution of bonds and all other writin;
obligatory in the nature thereof.
ARTICLE 3. SECTION 7
'The Presidem may appoint Attorn.ys-in-Fact, Resident Vic. Presid.nts, Resident Assistam Vice Presidents and Resident Assistant Secretari.
and assign to th.m such duti.s as may b. advantageous to the Company including the ex.cution and attestation of bonds. undertaking'
r.cagnizances. conll7lcts of ind.mnity. and all other writings obligatory in the nature thereof and other documents on behalf of the Company wit
power to r.dei.gat. such authority"
And I further CERTIFY that at the Annual Meeting of the Stockholders duly calied and held at Keene, New Hampshire, Dee. 141 1972, the following vote We
unanimously adopted:
RESOLVED. that the signature of the President. Secretary. Treasurer. Vice President, Assistanc. Vice President and Assistant Secretary may b
affix.d to any such Pow.r of Attorney or any certified copy ther.ofor any certification r.lating th.r.to, by facsimile and any such Power of Attom.
or any ceriified copy thereof, or any certification reiating ther.to b.aring such facsimile signatures or facsimile s.al shall be valid and binding upc
the Corporatian in the future with respect to any bonds. under1akings. recognizances or conll7lcts of indemnity to which it is attached,
IN TESTIMONY WHeREOF. I her.unto subscribe my name and affix the ~~a~ of said C~pany, this 11 thday af January
~~~,
Subscribed and Sworn ta before me this 11 th day of January ,2000
1oIr---.......
,~.
Notary Public
MY~~~2003
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