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Selective Insurance Company of Ameri",
Selective Way Insurance Company
40 Wantage Avenue
Branchville. New Jersey 07890
201-948-3000
SeJeaIVe
STATEMENT OF FINANCIAL CONDITION
I hereby urtify mallhe following s"'ement of Selective Insuranc. Company of Am.rica is tru. as taken from m. records
of said Company as of December 31. 1996.
ADMITIED ASSETS
Bondi .........................................................................$ 732.373
Preferred Uoc.k.s-II convenrion values ................................30,932
Common Ilodu,., convention values ...............................85,868
Subaidia.ry common .tock-at convention valua.................33,07<4
Shan.term invCltmenu .....................................................22.537
MonA< loans on real ....t. (induding coll...raIloans) .......606
Other invested UIClS ...........................................................9.925
Intcrcll and dividendi due or accrued ...............................12.995
PrcmiwtlJ receivable ..........................................................82.887
Other admined ...... ..........................................................6.997
(in thawandl)
$1.018.194
UABJUTIES AND SUlU'LUS
Raerv.lor I..... and 1011 exptlllCl........................$ 566.496
Raerve lor unamed premiwtlJ ......................:..........167,181
Provision for unauthoriud reinsurance ..........................2,279
Exuss of staturol)' reserves over
case basis reseNes ...............................................................0
Contingent commissions ................................................5.8.8
Orher accrued ..ptlllCl................................................14.910
Oth.. Liabilities ...........................................................~
Total Liabilities ..........................................................790,372
Surplw.. regards policyholden .................................ZllJ,U
(in thoWlndl)
$1.018.194
I IUnh.r cenify lhat m. following is a lrue and exact excerpt from Anicl. VII. Section 13 of the By-Laws of lh. Sel.ctiv.
Insuranc. Company of Am.rica which is "ill valid and Wiling.
"Th. Chairman of me Board. Pr..ident. any Vic. Presid.nts or lh. Secretory may. from rime to tim.. appoint attorneys
in fact. and ag.nts to act for and on behalf of lh. Company and mey may give such appoint.. such aumarity. as hislh.r
certificate of aumority may prescribe. to lign wim th. Company's name apd seal with me Company's scal. bonds. recog-
nizances, contracts ofindcmniry and other writing obligatory in the nil(Ure of a bond, rccogniz.ancc or conditional under..
taking. and any of said Officen may. at any tim.. r.mov. any such appointe. and revak. m. pow.r and aUlharity given
him/h.l" .
IN WITNESS WHEREOf. I hereunla ",blCribe my nll1\e and aJl'lX the
seal of Slid Company. thi, 19rh day offebnary. 1997.
~+.-. 12. ~
uCQuive Viet President and General Counsel
Subscribed and Sworn to me on this 19th day of february. 1997.
9~c!("4'~~
No..ry Public
My CommiSJion Expires Ocrobtr 17. 1998.
8.99 (2/97)
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