HomeMy WebLinkAbout98-00844
Peerless Insur.nee - wJ)
Member The Nelhertendl
Inlurence Compenlel
I .Irtlfy Ihlllhl Annuli MHllng 01 Ihl PHrll" Inlullncl Complny, duly cllled Ind hlld II KHnl, Nlw Hlmplhlrl, MlY S, lIIll7, Ihl following
olllc,," _I lleeled Ind lUll remlln In olllcI, 10 wit:
Roger LJean ......... ... II It... ..... ........ II.. Chlor EJl:ocuU~ otflcer
Rlchlrd T, Bill. . . . . . . . . .. . . . .. . . .. .. PI..ldenl.nd Chief Opel.llng OffIcer
Jollph H, VI.g... Ron.ld A, Clolle' ............ Exeeullve VIce PI..ldenl.
Wllllem l. McCagu.. II .................... Sanlo, Vice Pr..,d.nVS.....lory
Morland E. Botkm.n. Chrillopher C. Smith. S.ndr. L, Slock. Don.'d C,
Trlaer... ........... ... It.......... 10..." .... . Senior Vice Presidents
Don.,d ChNk. Mich." R, Chll.lI.n..n. John T. Cllllold. Dwighl W. Bowlo.
SIIYII1 A, Fulwood. Stlven R, MYl'''. E. W..ley R.ye, Dougl.. 5, Ben.dlct.
Donl\l Egyed.. ....... ... ......... .... ...... to. .... ..... V1cep,..ldenta
Joseph P. Tr.cey. . . ........ , . . . . . . . Sanlor VIe. Pr..ldenVAosI. S.....,.ry
Justin O. Healy. II...... ...... II.. It.......... II.. to... ... to. Tressur.r
N.ney C, Callander. Myrn. J, H.rrlnglon. Kovln M, Kill..... J.ne F. T.\'IOI,
John J, WlIII.m.. Sloven S. M.y. John P. Dlon.
Thom.. F. Wilson J,. .................... ..... Aa.'.lonIVlce Pmldenll
I IuflhIr CERTIFY thll thl loll owing Flnlnelll SlIllmlnl 0 Ilhl Complny II tr.... II Ilk... from thl bookl 01 Illd COmpeny II 01 De......... 31,
IBM 10 wI~
ASSETS'
Bond. at Amortized V.lu'l ........................... .... 1470,185,838
8toeD" Mlrkel V.I......................................... 1fSO,303
R.a' hll... ............... ............................ ..... 8,410,548
C..h...................................................... 28~I,598
Short . term 'nv..lmlnlll ...................................... 230,353
Agent Salane.............. ................................ 80,874,104
R.lnaunulCe Recov.r.bI. .................... ..... ............ 781,545
Accured Int.....t.nd Dlvld.nd.............. ................. 1,01,783
Other A...iL............ ..................... ............. 81.887,883
TOTAL ADMmED ASSETS. .......... .......... ~.. ....... 880,588..714
UABIUTIES
R.HrVIi tor Loa.............................. ....... .... 2as,IIO,171
R.lnaurance P.pbl. on Paid Lo.......................... '.,330.728
A...rve for Lo.. AdJu"""" Expen.... ................ ...14.401,483
R.MI'V' for Contingent Commllafonl ......................3,542,001
R.Hrve for Other Undarwrttlng El:pen..L..................I,803,"1
R.HrVIi for Tu... Ucen... and F... ......................2,'85,542
ne...". for Fed.,.llncoml T.............................. 21517._
R.Mtva tor U....mad Premium. .........................1301023,905
Fund. Hlld for oth.r ................ ...................... 1.882,011
~'..rve rar Outallndlng Lou Dr.,.. ....................... 2.188,002
Other UabJlItI.. ...................... .................... 28,123.4.
TOTAL UABIUTIES..................................... .15115,214.381
C.pttaL ............ ........................ ........... .... 1,848,835
Surplu... ............. ........ ........... ............. ..1158,458,718
Surplu. to Pollcyhold.r...... ........... ............... ..185,305,353
Seeurlll.. calTled .17.244.592 on the .bove llolemant .re deposited.. requl'ed by I.w.
TOTAL ..... ...... ........ ..............................810,588.714
lfurthlr CERTIFY thl following II I true copy 01 thl By . lIwe 01 TIll _II Inlurancl ComPlny, rlllUng 10 lhe Ix..utJon 01 bondl Ind III
othlr Wlnlngl obllglllHY In \hi nalwl _,.
ARTICLE 3. SEcnON 7
. The Presldanl m.y .ppolnt A"omeys . In . F.ct. R..ldent VIce Pmldanll. R...dant As.I.lont VIce Preslder.l& and Resident Asslslont Socreto,le. and
...Ign to them .uch duties .. m.y be .dv.nlageous to the Company Including the axocutlon .nd ."..Iotlon of bonds. und....klng.. recognlz.nces.
contraell 01 Indemnlly, end oJl other wrltlngl obligatory In the n.lure thereol and other documents on behell 01 the Company with power to redelag.. IUch
authority.'
And I further CERTIFY thllII lhe mll1lng 01 thl Bolrd 01 DlrocIolI, duly celled Ind held II KHnl, Nlw Hlmplhlrl, 0Ic.14, 1872,IhIfollowlng
VOII wel UllIInlmoully edepled:
RESOLVED. thai the slgnalu,e 01 the Pr..ldent. Secrelary. Treasu,er. VIce President. As.istent Seerel.ry m.y be .fflxed 10 .ny such Power 01 A"o,ney or
.ny certifled copy thereof or .ny certltk:allon r".lIng thereto. by facsimile .nd any auch Power 01 A"omey or .ny certlfled copy thereol. or any certJflcallon
rel.Ung thereto bea"ng sucl> lacslmlle slgnalu'.. or facsimile a..' shoJI be valid and binding upon the CorporaUon In the Mure with respect to any bondl.
un<tertaldngl. racognlzenc.. 01 contracts of Indemnity to which Ills .Itached.
'IN TESTIMONY WHEREOF. I he,eunlo aubscrlbe my n.me .nd .fflx thel80J 01 said Company.
Thla
6th
d.y 01
w ft:.~
.~"'*t.
. "VVJ.",,',
~~
Subsalbed .nd Sworn 10 be'o,e me this
""o33lS(<W7)
February .19 98
"">?-t.'!!, ~..- "l- _
Senior Vlee Pr..ldenl
6th doyof February .19
~t.g~
Nolory Publle
My Commission lIe. April 14. 1998
98