HomeMy WebLinkAbout01-0179 FX
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COMMONWEALTH OF I'ENNSYLV ANIA
INSURANCE DEPARTMENT
CERTIFICATE OF AUTHORITY
EUectiYe Date:
April I, 1999
mGHLANDS INSURANCE COMPANY
NAIC NO. 22489
HAS COMPLlED WITH TIlE REQUIIU!MIlNrt; OF niE LAWS OF THE COMMONWEALTH OF
PENNSYL Y ANlA 'RELA11NG TO ADMISSION IN SAID COMMONWEALnI FOR mE PURPOSE OF
'l'RANSACllNG INSURANCE BUSINESS IN PENNSYLVANIA AND TIlAT mE ABOVE NAMED
COMPANY IS HEREBY AUTHORIZED TO TRANSACf mE BUSINESS OF:
4G-5-10l (e)(1I)
40-5-102 (e) (6)
4~10l(e)(I)
4o-5-lCl2 (b) (2)
.o-5-1C2 (~) (4)
4(}.5-I02 (b) (I)
<W-5-ICl2(e)(14)
A...l..iahifily
Ilmtl"l'mod 1llell
rl4d'rty IDd SurelY
1oI11ld_"""i'llyolcoI~.
Other l..i>Illli1)o
Ptop:<ly mod Allied u..",
40-5-102 (e) (5)
40-5-102 (e) ~
4G-S-I02(c)(3)
4o-S-Ill:! (b) (3)
~S.Ill:! (c)lIJ)
40-5-102 (0) (8)
_ on4 M3c!1inel)'
E"""""
Ol""
0c:M........
_ I'mpedy FlOlllOt
1Irl!C'Dmtagoc
Wo~ r R1J .i-=""
FOR THE YEA,R ENDING MARCE: 31. 2llOO,IN ACCORDANCE WITH ITS CHAR.11!RAND IN
CONFORMfIY WITflTIIE LAWS OF SAID COMMONWEALTH OF PENNSYLVANIA.
"
IN Wl'll!ESS WiEREOF. r HAVE tlEREUNTO SET IK'f HAND AND
AfRXEll!ll'f OFRClALSEAL, '\'HE IY\TE AND YEAR FIRST ABOVE
WRITTEN.
~~
M. DIANE KOKEN'
INSURANCE COMMISSIONER
'"
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1!lll!ljlllllll!llli!lllilljlliljllll!llIIjlliljlllljlllljlllljllIIJlllljIllIIII11!1II11111111111]1111 11111 1111111I
PROPERn' AND CASUALTY COMPANIES_ASSOCIATION EDmON
.,-,---..(
ANNUAL STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 1999
OF THE CONDmON AND AFFAIRS OF THE
,
..
~,
HIGHLANDS INSURANCE COMPANY
1116
(CurrelllPenod)
Organized under lhe Laws of the Slaje of
Employer's JD Number
74-1296673
1116
(PriorPenod)
NArc Company Code
22489
NAIC Group Code
Texas
, using
Incorporated
SlatutolY Home Office
12109/1957
3S the Port 01 Entrj,
Commenced Business 01/0111958
10370 Richmond Avenue
(Streel and Number)
Houston, TX 77042-4123
(CityorTown, SlaIe ana Z;pCode)
Main Administrative Office
1000 Lenox Drive
(Str"lanclNumberJ
Mail Address
Lawrencevi1le, NJ 08648-0426
{CjlyorTQI.YIl, S12leandljp Code)
10370 R.ichmond Avenue
(Streelancl NurnberOlP.O. Boxl
609...e96-1921
(Area Code) (Te/ephoneNumberj
Houston, TX n042-4123
(CityorTown,S12teand Zip Cooel
10370 Richmond Avenue
($lreellWlNl.mbel")
713-952.9555
{Area Code) (Telepl1ontlNumberj
Primary Location of Books and Records
Houston, TX 77042-4123
(CilycrTOWl'1,Slateancl Zip COde)
Annual Statement Contact
James Wayon Hooker
(Nams)
713-952.9555-8568
(AreaCode)(TslephonsNumI:ter}(~sn:sIO!l)
713-267~8591
(FAX Number)
hooker@highlandsins_com
(l<oIJlaiIAddress)
OFFICERS
President
Chief Financial Officer
WILLIS THOMAS KING JR. #
CHARLES JOSEPH BACHAND
Secretary
STEPHEN JAY GREENBERG
CHARLES JOSEPH BACHAND
JOSE GERVAS10 FERRER
DWAYNE DUNCAN HALLMAN
ROBERT ALAN KERR #
KENT BRADLEY PEDEN
RONALD ALTON STUEPFERT
VICE PRESIDENTS
DAVID CHARLES DONALDSON #
JAY BARON GOLDBERG #
EDWARD JOHN HEENAN
STEPHEN LEE KIBBLEHOUSE
ROBERT CLINTON RESCH
GEORGEAN MARIE WAROZINSKI
MICHAEL JOSEPH FANALE #
STEPHEN JAY GREENBERG
HOUSTON DOUGLAS HEMP #
PAMELA JOYCE OLSON #
ARMANDO ROMEO #
DAVID VERNON WHITE #
CHARLES JOSEPH BACHAND
STEPHEN ',lAY GREENBERG
ROBERT CLINTON RESCH
DIRECTORS OR TRUSTEES
DWAYNE OUNCAN HALLMAN
WILLIS THOMAS KING JR #
EDWARD JOHN HEENAN
KENT BRADLEY PEDEN
c:~::::::::::'::::~:~~:~:::::=:::::::::=:::::} ss
The officers of this company, being duly sworn, each depose and say that they are the described officers of the said insurer. and thai on the thirty.fil'l:it
day of December last, all of the herein described assets were the absolule property of the said insurer, free and clear from any nens or claims' thereon,
except as herein slaled, and that this annual statement, tegether with related exhibits, schedules and explanations therein contained, annexed or
referred to are a full and tn.le statement of all the assets and liabilities and of the condition and affairs of the said insurer as of the thirty-flrst day of
December last, and of !ts income and deductions therefrom for the year ern:led en that date, and have been completed in accordance with the NAlC
annual statement in:::tructiom;: and accounting practices and procedures manuals except to the extenl that (1) state law may differ: or, (2) that state rules
or regulations require differences in reporting not related to accounting practices and pr.ocedl.,1res, aCCOrding to the best of their information, knowiedge
and belief, respeclively,
V~4~J261f~&,_
Cj?h%~~8~
Chief Financial Officer
Treasurer
President
K.GLOVER
NOTARY PUBLIC
STATE OF TEXAS
COMM. EXP. 02.0.1-2001
Subscribed and sworn 10 be
~ day of
a. Is this an original filing? Yes rXJ Ifo f
b. If l'lO,
1. Slate the amendment number
2. Date filed
3. Number of pages attached
\G.\c",v- .
r
-
ANNUAL STATEMENT FOR THE YEAR 1999 OF THE HIGHLANDS INSURANCE COMPANY
'"
ASSETS
.
1
ledger
P"",.
I
2
Non-Ledger
Assets
3
Assets Not
Admitted
I 4
Net Admitted Assets
(Cols1 +2-3)
PriorVear
5
Net Admitted
P"",.
Current Year
1. Bonds (less $ .'.h...h....................._....... )Jiability
forassettransfef$withputopUons, Schedule 0, Part
1) .................................. ....... ............... ...... ........... ........___ 501 ,031 ,754 ..................................._ _.....__......................... _.m... 501 ,031 ,754 ....._...._ 538 ,006 ,681
2. Slocks:
2..1Preferreds\odlS(~uleO,Part2,
Section 1)...........,................................................. ....... ................. 25,066,62.4 ........ ....... (2,568.892) ...................................._ __m."...' 22,497.732 ..........._. 11,481.894
2.2 Common stoc.~ (Schedule D, Part2.
Section 2)...........,....................-.._......................_..... ..........__.... 9,112,114 _.....__... 11.817.365 .___.._.H.__...._._._ _.._ 20,929,479 _._.._..40.524.171
3. Mortgage loans on real estate (Schedule B):
3.1 Firstllens......._.._............................_...........m.... .___.._~._....._..._._.. .__.._..._.__I-_~_.__I---:-__..____ ---.-..-........-
3.2 Olherthanlll'St!iens'w....__..._.._................. ........ ........_._.._._.......__....... _.._.......__..._ ._.._.._..__ ._..~..~..-.---.- -....-.-..-...._..
4. Real estate: (Schedule A):
4.1 Properties oCCUpied by the company
(Iess$ .__..._...__....._....__.. encumbrances) ...... ._____....__........_._. _...._._.____.._ __.___....._....__ -.-...-........-__ ...._.....__.._...............
4.2 Other properties
{less$ ._....._.~_........._._ encumbrances)... ._._._...__.................. .._.............._..._._ .__._._____......_ .__._____. .~......._._.._..........
5. Cash ($ ___........ 17,058,056 Schedule E,
Part 1) and short-term investments
($ _.___11,498,982 SCheduleOA, Part 1) _....
6. Other invested a~ (Schedule BA) ......._.__._._..
7. Receivable for securities .........................._._......_._.
8. Aggregatewrite-illSforlnvestedassets...................._
9. Subtctals, cash and invested assets (Unes 1 to 6).... ......._....572,767,53(1......___..9.764.064 __.._....._ __.582.531,594 'H__._622.022.888
1D. Agents'balancesoruncoUectedpremiuffiS(netasto
cornmissioll$andlflVidends):
10.1 Premiums and agents' balances in course of
conedion (aller deduOing ceded reinsurance
baiancespayaPleOf{$ ............._H... 2.n3,OOO) ......._..._...42,878,115 _.._....._..._.._~___ ._.___2.564,070 __..40.314.045 _...._.__....4.379.967
10.2 Premiums. ,agents' balances and installments
booked but deferred and not yet due (after
deduclingc:ededreinsurimcebafancespayable
of
$ _..___.._.._...._.....) (Including
$ .._.._.._......_..._.._ earned but unbilled
premiums) __._............._.......................................... ................_ 9,058,510 '''''_'_'_''__ ..._....._....... 905,851 ...._....... 8, 152,659 .....H..._..... 8,411.235
113.3 Aci:Nec retro~~ pfemiums {alter
deducting ceded reinsurance balances payable of
$ --:......____.._.) .................................. ......_...__.__.__ .._._ 142.849.352 ____.. 3,723,815 ____ 139,125,537 .._._.._ 140.743.960
11. funds held by erdeposited with reinsured
companies.....,....._......._._.._.........................__ ..._27,!lOO.453 '.._.__.._ ____.__ _._..21,900,453 .._.___23,432.609
12. Bills receivable, Il1kenforpremiums........................... ...__-;-.1,387.963 _____ ..._._._ _._._1,387.963 ...._......_.1,038.703
13. Reinsumnce reccvembles on less and loss
adjuslmentexpense payments (Schedule F. Part
3, Cols. 2 and~) .~............~.._....._._............_.......
14. federal Income tIX recoverable and Interest Ihereoo.
14A. Guaranlyfunds ~b]eoron deposit....................
15. 8ectronic data plocessing equipment .........._...._......
16. Interest. dividendS and real estate income due and
accrued....._........_.._................................_....__.... ..._____6.560,621 ._..___.._.___ _...._.._......__ _...._.... 6.560,621 ___'~'_H 7,487,043
17. Receivable from parent, subsidiaries and affiliates -.. ......-.-_._..._...._...__.. .._.....~...._..___._._ ....__..____....._~ _....._..._..____ r-"'-"'- 33,074,111
18. Equities and depOsits In pools and assocIaticns.._... _.__._...._..._._.._ ....____._..___.. ".__..__..._ __.._.._.__.._ _...._.__._.........__...
19. Amounts receivaille relating to uninsured accident
and health plarlS......................................__..._.._.. ..._.__..._.............__ _.__.._....__._ .____._....~._ ___'H_._.._ ____.__....._...
20. Olherassetsnomldmitted(Exhibit.1).............~.,........ _....__.._8.093,208 __....._....___._ ..____8.093,208 _.................___. __....____._....
21. Ag9Jegstewrite-iflsforolherthaninvesteda.ssets.... 2.558.667 2,320.942 337,725 253,664
22.. TOTALS (Line$ 9througtl 21) 723,839,769 153.719.260 17.607.886 859,951.143 874.301.239
........__.... 34,557 ,038 .._.__......_.._..._ '.._"__"_'_"""__ .__._ 34,557 ,038 ___..._ 26.849,634
...___.3.000,QOO ..___...._515.$1 _._...__ __3.515,$1 _._..4,B35.W2
.......___............._..._ ..__..._..__..__ ._____..___ __.__._._ ___.._.__.324.208
....._..__46,853;714....__.__....._.___ .____.__.._ ____46,853.714.___._23,266,000
....___.._...._. ...._..__._1,105,844 _..__.__.__ __....1,105.844 ._._.._.......__.
..._...._....3,392,978 ... ................._......._.. ____._.~.._.._........._ ____.... 3,392,978 ........_.........3,580,OB3
...__.._._.2,288,010 .._.._.._........____.. ...__.._____......_... ~____._ 2.288,010 ..____._ 1.610,976
"
DETAILS OFMUTE-INS
OB01. -..-...-....--~.-........ .-....---.-..-.---. -..-.--..........--. .-....-.-....---~-..-. _..___...__...._1--._.._....................... _........_.._......._.._....
08D2. ______....__...__._..._ .._____.._...~...... _.._..____.___ _____.._...__I--_......~.....__ _....____..._._
0803. ___._.._..._....._..__..._...___ -..--...-......-- _.__.__.____1--_____.._.___1-_...._.__......__ _____~__..__..
069B. Summaryofremainingwrtte-insforUne8from
overflowpage.._......................._............_.............. ......--.--..........-.- ._........._.__.._..__1-_______ --.-..-......_....__ _._._..._._~.._..._...
0699. Totals(Unes0601 thru 0803 plus 089B) (Line 6
above)
2101. !lise. Receivable...._...............-...-....... ....____
21D2. Prepaid Expenses............. ................._............_.._.._..
2103. __>__..._........................._..._.........._............
2198. Summary ofremaining write-ins for Une21 from
overflcwpage..........................................................
2199. Totals (Unes2101lhru 2103 plus 2198) (Une21
above)
.....__._._......337 ,725 ..........._...~....____.... ....~.._...._......... ........ _.......:....... 337,725 ......._._...._.... 253.664
.....~......h.._ 2.320.942 ........._m._..__._...~.... _...._..._.2,320,942 ...._..................._......._ .............._......................
2.658.667
2.320.942
. 337.725
253,66,
2
k?1<'ffl
,_ ""J!'~ .,
- I ~.
-
..~~~-
~~<.
...--.--.... ,.....
.
1 2
CurrenlYear PriorYear
,. losses {Part3A, line 32. Colurnn 5)....... 421.479,249 . 451,352,975
........................................................................................................... .....- .........,.... _....~-
1A Reinsurance payable on paid loss and loss adjustment expenses {Schedule F, Part 1, Colurnn 2).............,....... ..... .......... .........- 4,651,979 --'- 3.561,459
2. Loss. adjuslment expenses {Part SA, Une 32, Column 6) ........ ................................... ........................ ........ ........-.-..-....-. ...._...96,783.579 ..- 109,031,568
3. Conlingentcornmissioilsand olhersimilarcharges.. .................-...... ......................... ........... .......-............................-...... .......~- ... 1.701.227 - 1.414,196
4. Olherexpenses (excluding taxes. licenses and lees).................... ........................... .........................................-...-.........-.... .--.....- 14,9#,271 .....~....- 14,753.798
5. Taxes. licenses and fees {exdudlngfederal and foreign income taxes) ................... .............................. ....... .......................... .-.....-....- 7.344,028 ...- 8,3iJ7.115
6. Federal and foreign inccmewes (excludlng deferred taxes) ... ...... ................................................... ........ ... ...................... ......_-...._--- .......---. 15.315
7_ BOlTQINed ~~y ..-.......................................... .....,.....................................m.___........._................. ...... ........................... .-...-.....--...- .-- .-..
.. Interest, including . .................---............ '" borrowed money .. .........................................................................-......... .-...-....-....--- .....--.--
.- Unearned premiums (part2A, Une 34, Column 5)
(after deducting ceded reinsu1'3nce unearned premiums of $ -......-........ 1,007,000 ) ......-....................-........._................ "'_h.__"" 98,458,879 .......-.- 40.309,416
10. Dividends declared and unpaid;
.. Slockholdel'$..............................................................._.............. ..........................................................................-.-........ .-..--
b. Policyholders .................................................................................................................................M..................___........ .-...-- 100,000 -....- 100,000
11. Funds he\oj bf <;Ompan'j \lndel"teinsumrn:e trealies {SChedule F, Part3, Column 14} ................................................__,.. _..___5.005.'38 ..__~,8S1.1ga
12 Amounts withheld or retained by company for account of others ..............................:.........._........................................_........ .-...-.... 1.877,253 -- 1~,994,275
13. Remfllancesand ilemsnotallocated....,................... .......-.............-....................................................................--..... .--- --
,,_ Provision fer reinsurance (Schedule F, Part7)......_........................................................................_....................__....... .--.- 17,080,189 --- 9.939,179
15. Excess of statutory resElIVes over statement reServes (Schedule P Interrogatories) ..................................................-.-....-.
16. Netadjustrnents in ass.etsand liabilities due to foreign exchange rates _~___..~_,_._.... --
17. Drafts Ol.IlStanding .M_.................M....................................._......... ......................................................................---....... _.__20,19S,7E6 -.- 19.941,512
18. Payabfe 10 parent. subsidIaries and aflifJates ................................... ................................-....--...........................-....... ._515.514 ----..
19. Payableforsecurilies ......-..........-........................................................................-.....-..............................-....-.......-....... ......____H 917.043 --
20. Uabilitytoramountsheld underuninsufedac:cidentandhealtnplans...........;........................................................_.. ............ ..---.....-..-- --...---...--.
21_ Capital Notes $ .....-.... ........._...........~.. and interesttheseon $ ........ ..........h......._........ ...... ........... on....... .......-.. ........... .....-.-..-.-.-.- --..----.
22. Aggregate write-ins for liabilities.................................................. ........... ............................................... ............. ........ .......... 2.155.555 1.702.255
25_ Total Iiabmlies {l.lnes 1 through 22) ............................._............ ............ ......~......................_.................................._............ 693,210.800 680.275.023
24. Aggregatewrite-msforspecialsurplusfunds............_............................ ......................................................... .m.....__........ ---....-..~.._--.. 1--
25A Common capital stock.. ........ ............................... .......-...........- ........... ............. ........... .............m...................._....... ....... ....-..-..-- 4,000,000 --- 4.000,COO
256. Preferredcapilalslocl<; .................................................................... ..........................._.........................................-...-...... '---..-'''---
2SC. Aggregate write-ins for other than special surplus funds .....................................................;..._............................._............... ...._.~_._._-- --_.-._-
26A SurPlus NoIes...._....................................................................... ............................................................................_................... .-------- ----
26B. Gross paid in and contribuled surplus......................................._.........................._..... ......................:.....................___..... .___57,412.210 _57,412,210
26C. Unassigned funds (surpll,.lsl ..............._,.................................................................................................................--......-.. _.__..~ 105,328.133 '- 132,614.006
260. less treasury stock, at cost
(11 ........... .....-......... ..-"" shares common (value included In Line 2SA $ .....-.................-........-... , .........,............ ........... ......_...~-_._- .-.-----
(') ......h.. ....-....-.............- shares -preferred. (lJalue ir.clooeQ In Une 2.SS $ .........-................... ......... ) ..- ........ .m...... .........
27. Surplus as regards policyholders tUnes 24 to 2GC, less 260) (Page 4. Line 32) ....................... .............................-.-....... ..-.-....- 166,740,343 -- 194,026.216
,,- TOTALS (Page 2. Une22. Col. 4) 859.951.143 874.3:11.239
DETAILS OF WRJTE..fNS
2201. Reserve ,,, uncollectible relnsurance__....__..__..._....._...._......._......_....._..__m_. ....-.....-......--..-.-.. .......--...... 2,156,555 ..--.. 1,702.255
2202. ................ ..... ....................~............. .....---..........-...........................-..........-....-...................-.......-.-.. ............-..............--..-... ..-....-....-........-.--- .._----,.
2203. .......-..--.-...-...-...-...........-....-....---.-.--.-..-..---........-....-..--..-.......--..-....-...........---. ....-.............-.........--... -....-..--..--..-.
2298. SummaI)' of remaining write-ins for Une 22 from overllow page ..... ....................................... ..................m................_........ .....-.......-....-..-....- ..--.-.
2299. Talals/Unes22D1 thru2203 1l1us2298) {Line 22 abovel 2.156.555 1.702.255
2401. -.-.-............-....-.-.....--..-....-.-..--...-....----.- .......--.........-..-.................-.-.-..............--.-......---....... .-...-......-....-.....--- '---"-"--
2402. -......-..-.-....---....-...---.-....-..-...-...-..--.....-..-...----.-.--..------. -.---..- ---
2403. -....-...-..-...-....-....----.-..-.-........-.--...-...-..-.--.......-........................--..-.-.--..---......-.-..--....-. ..-.........-.....-...-..-.. ..__...-....~..-
24913. Summllt'j of ~alningvmte-ins for Une 24 from ~1'llaH page... .................................................................................. ......... -.-.--.--..
2499. Totals (Unes2401 thru240J plus 2498) tline24 above) .:..-..........--:--
26C01......._._.._.._._.....__.___.._._...._......_...__..._......__.._....._....._............._..._. ....-.....-.....---- ....--..-.-.--- ..--...--.---.
2SCD2.......__._........_........._..____...._._..h..._....__.._._..._.._..._..._......_...__.._...._..... ......... ......,....-...... .... ......-....- ...-..-... .....-.-......-----
2SC03. .......h...._............._................h....._..._....._...................~...._...._..................._... ....-......-.........-.-.............-........ ......-...-....-........ .........-..-... ......-........ ...-..........-.....-.....-.
[:ZSC98. Summary of remaining write-ins for Wne 25C from over/low page ...............
~SC99. Totals (lines 2SCQ1 thru 25C03 tllUS 25C98) (line 2SC above) ........_m_....~_____.._...__............._......... --..-..--..-..... ---.-.----
LIABILITIES, SURPLUS AND OTHER FUNDS
,
3
, .
~. ~
ANNUAL STATEMENT FOR THE YEAR 1999 OF THE HIGHLANDS INSURANCE COMPANY
,
. UNDERWRITING AND INVESTMENT EXHIBIT.
STATEMENT OF INCOME
1
Current Year
2
Prior Year
UNOERWRmNG INCOME
1. Premiums eamed (Part 2. Line 32, Coil/1M 4) ...........,....
.,...,.."...................~....._,_ _~__ 121.652.729 ____ 193.933.746
DEDUCTIONS
2. Losses incurred (Part 3, Line 32. Column 7) .........,.....,................ .....................,............................,...,_...........,........._.,........... .__._ 67 .In.438 I--.~__ 146.655.612
3, los$ e::q:>e1'\Se$ mt::\lITW {Palt 4, line 22, Column 1} ............ .................. .....................,..................................._............,...,...... .,_...,_.. 15,660 ,m ....._....__... 2>5,9139 ,848
4. OtI1er underwriting e;(penses incurred (Part 4, Line 22. Column 2l.............,..,........................................._......,............~........... .._.._.,... 60,719,296 ._.........,... 54, 139 ,097
5. Aggregate write-ins for undefWfiting dedudions M.....'~'............. ......................................................................'__...".....,....
6. Total underwriting dedudions (Lines 2 througl15) ...,.................,......................... ................................,...............................,. 149.557 .061 227.794.557
7. NelundelWriting gain or (toss) (Line 1 minus Une6)..,......................_,.............................................,........................._"....._ _...._ (27,904,332J __ (33.860,811)
INVESTMENT INCOME
l3. Netinvesb'lietrt \ncomeeametl {Part 1, Une14} ................................................................ .... ............................................._.. _ 56,865,61& 1--_ 52,113,791
9. NetreaJized capital gains or (losses) (Part1A, Line 10)..........,........_.....,_....,... ....,............_.._......_.......................'....M...... 2.221,571 13,563,852
9A. Net inveslment gain or (loss) (Lines 8 + 9) .....'" ......................,...... ...............,......,...............,...."...............,........._.._.............. ..__.... 59 ,M7, 189 _.._.._ 65 ,6n ,643
OniER INCOME
10. Netgainot(loss)frcmagents'orpremiumbalanceschargedoff(amountrecoveredS _..._......__139.701 amount
cIlarged oft$ _,,_...__....__........... ) ......_.........................................,......................................."............."'_..............._ __ 139.701 (92,211)
~~ -~:::;:=::u~::=~~.:..................~.......~........~~.....~..:........~..................~.........~..~~~..~...~...~.:~..=........:..~....~...::..::~...~....=...: .----,~~::}~-(2:2~~:~
13. Tolal otner income (Lines 10 througl112) ...._............................_...m.."......................._...................._._.........._...._.... 131,660 2.294,569
14. Netlncome beforedMdendS to poUcyholdel5<Uld before federal and foreign income taxes (lines 1 +9A+ 13) .._._...._._ _ 31,314,517 __ 29,522.263
14A. DIvidends to policyl10lders (Exhibit 2. Line 16, Column 1 plus Page 3. Une 10b, Column 1 minus Column 2) ....__.._....._... - ;221.442 ';:44.280
148. Net income, aftet diVidends to poJicyl1olders but before federal and foreign income taxes (Line 14 minusLille 14A}'''M'''''_''_ 31,535,959 _.29,566.543
15. Federal and foreign income taxes incurred ...___.........,....,.,.......,... ........................ ....m............_......._,_.....~.._,....~_...,... 1.835,012 360.425
16_ Net income (line 146 minus Line 15) (to Line 1B) ......... ............. ....................................................................~...._..._,........ 29 ,700.947 29 .206,118
CAPITAL AND SURPLUS ACCOUNT
,
17. Surplus a5 regards polk:yhcJders. December 31 prior year (Page 4. Une 32. Column 2) ..........m..m....
194,026.216
194-,134.625
GAINS AND (LOSSES} IN SURPLUS
18. Net income (lTom Line 16) ......,........... .......................... ............ .................... .......m.. ......m..... .............. ...........................,., ....,._.._... 29 .700 ,947 __.... 29 .206, 118
~~: ~~~~=c:=~:e: ~=~~~::~ ~~ ~;~::..:::::::::=:::::::::;:..::::::::::::::..::::=::::::::..:::=::::::.~::::::::=:=::::::=:=- ==~~i:::~ == fa::~:::
21. C~nge in provision for reinsurance (Page 3. Line 14, Column 2 minus Column 1) ........._......_......_m.........."............".._... _ (7,140.410) _ (2.352,54l)
22.. Change in foreign e1:cI1ange adjustment.......___..,............._....,.............. ..,.,......."......,....................._............................_. _.__21.348 .....,...
23. Change in excess ofstatutolY reserves over statement re5efVeS (Page 3, Line 15. Column 2 minus Column 1) """""_'_"_ ___.. _'"__'''
23A. Change in surplusnoles.........................,........_......,............... .................,....,.............,..........................._........._...,_."",_",,,,, ______ .__.__.._.............
24. Capitalchanges:
~ ~:~::~'::~~=~~i...::...~.~..~..~:~...:.....:~~::.......,:::..:..~....,~...::......:~......:'...:.~.......::..,~......=.........:~.~~=...~:':......,:~...~.'.'.::.~.... =-::..== :=--===~-=::===:
Co Trans(erredto sufiJlus................................._...,..,.....m.....,..............._........................................._....................__."......... '___ _____..,_.
25. SUfPlusadjustments:
a. Paid in (Exhibit 2. Une7, Column 1) ........_._................................._.................................._......_............._,__,_...... __.____ .____._...
b. Transferred to capiI:aJ (StoClI: Dividend) .....,_"__..,......._...,m....._,_.......,..............,,........................."....~............._.... .. _ _,_..........
25. ::::a~ r:m~~:).H~-;;.O;;.(~2:.~;~.~~.~7~;:;'U;;;;.;,...~i~;;;;.;i.:=::=:::::::=::::=:=::==:::=:::=~~==: _,__....__ _=_._..:::=
'Zl. Dividends to stockholders (Cl:Ish) ,................."...............................................................,..........................,..................... . (20 IXX) lXlOJ (11 000 000)
~B. Change in treaswy slock (Page 3, Line 260 (1) and (2). Column 2 minus Column 1) ........_._._...~....,__....~.:=. ==::........:~ :=:=.-...:.....,,:.._...
29. Extraordinary amounts of taxes for prier years ...._,.......~..........._._..,_.........,..............,..._..................."__...__."_''''_'_' __~__._
::30. Aggregate wrtIe-ins fer gains and losses in swp/us .,.............."......._......................................,................_.........__._.........., 14.330.208
~~. Change in smpIus as regards poljc;yhol~eTS for1heyear (Unes 181hrough :30) ............................",.........._,............................ 127 .285 ,a73
32. SUf!llusas regards polic:yholdel5. December31 aJrTenl year (UnElS 17 plus Line 311 (Page 3, Line2n 166.740.343
DETAILS OF WRITE-INS
---11:'600:000
108.409
194.026,216
0501. _..._____._....._.._____._..,,__...____.~.__.__.___..__.._,_._...______~___.._. ~~
0502. __"..__._...__....._....____...__......_.._.___._,_....,_._.....___,_.......,______. ==::::..:::.- -..-:::::::::::
~~~~: ;;;~-;;.~fremaini.~g~;r;u;;~=~~~~~::::::_._.~:=~===::=====:~~::=::=:~.:::=-.~:::~' --'-"-..--.-..-.......' ...----....-,-....-...
0599. Totals (lines 0501 ttU1JOS03 ~lus059B) (Line5above\ .." . -.--- --.-.--,-...
1201, Olher..._...._........._" ,_......... .._......_... .....,................ .......__.._.... .'''_'__ ..._...._._._,__.._...._ __....__ (251.394) .___...._,_ 46,213
1202. Interest incOOle or (expense) on funds held for reinsurers.. ........"..............._...~...._......._.,.........._......__..,,_...__...,,_ _...,...................~...,...... _..__..._. {2.265,99fi)
~;~~: S;;~~.~.;;-~~~~~.~~~.f;_U~~..~;;;-;;;;;;;;.~~~.;.::::..:.:..:::::~~...~:::::.::....:::::~~..~:=:~::..=:...:..::=::~:....::::~-.:::::-..'..-- --_....-..._...~-_... ...-..-.-...-.-....-........
1299. Totals rUnes 1201lhru 1203 Ius 1298) (Line 12 above) .... ........."... --"'-"-('251.3941 '~--"-"(i"219."723
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General Power Of Attorney
Highlands Insurance Company
clo Capital Bonding Corporation
525 Penn Street, Reading, Pennsylvania 19601
Know All Men By These Presents, that Highlands l~lIl1rance Company, a corporation organized under the laws
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of the State of Texas, with its principal office located in La~nceville, New Jersey, hereby constitutes and appoints
Jason Wolgemuth
in the City of , County of Cumberland , State of Pennsvlvania
its true and lawful Attorney-in-Fact for it and in Its name, place and stead, to execute on behalf of the said company, as Sole
Surety, subject to the limitations herein set forth Bail Bonds and Recognizances only, in a penalty not to exceed
$250,000.00 (Two Hundred Fifty Thousand Dollars) for each bond or recognizance.
Each bail bond or recognizance must be accompanied by an individual, numbered Power of Attorney properly
HICQP N~
2303
executed.
This General Power of Attorney shall become void on 12/31/2003 unless previously revoked.
The execution of such bonds or undertakings In pursuance ofthese presents shall be binding upon said Company as
fully and amply, to all intents and purposes, as If they had been duly executed and acknowledged by the regularly elected
officers of the Company at its office in Lawrenceville, New Jersey, in their own proper persons.
In Witness Whereof, Highlands Insurance Company has caused these presents to be signed by its authorized
Program Administrator, and its corporate seal to be hereunto affixed this 1 st day of November 2000.
Jt Highlands Insurance Company
By l) - ~~
rogram Administrator
State Of Pennsylvania }
County Of Berks } "
Qualifying Power Only. Not To Be Attached To Any Bond.
Valid Only If Individual Power Of Attorney Is Attached To Each Bond Executed.
Vincent J. Smith being duly sworn, deposes and says that he is the Program Administrator of the Highlands Insurance
Company Bond Program, the corporation which is described in and which executed the foregoing instrument; that he knows the
corporate seal of said corporation; that the seal affixed to the said instrument is the corporate seal of Highlands Insurance
Company and was thereto affixed by authority of a resolution is now in full force and effect, as follows:
Be It Resolved, that anyone of the following persons: President or any Vice President of Highlands Insurance
Company or the Program Administrator ofthe Highlands Insurance Company Bond Program, is hereby authorized to execute
on behalf of Highlands Insurance Company Powers of Attorney authorizing and qualifying the Attorney-In-Fact named therein to
execute on behalf of Highlands Insurance Company Criminal bail bonds in a principal sum not to exceed one million
($1,000,000.00) dollars on anyone bond, and further that anyone of the aforesaid authorized persons is hereby authorized to
affix the corporate seal of the said Company to Powers of Attorney executed pursuant to this resolution.
Sworn to before me this
1 ,I d'3y of November 2000.
~w. m.~_ Notary Public
Reading, Pennsylvania
My Commission Expires July 9, 2002
Form HICQP
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JASON MICHAgffi:WOI'GEMUTH ....... ',.' " . I
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is licensed t~ c;~g;ge in the busin~~S;(;~~~~~~lt~ of pennsYI~~;ia ~;he . .. Iii
capacity stated below, subject to applicab e laWi;(a..!)E{~~JJ h ' . .'-.' I
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- LICENSE TYPE . 1'~'1..':",'if EXPIRATIONoQATI?,., _, '.[1
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QUAIJFICATIONS , ,. r..... ' CE REQUIREMENTS Ii
_ :; ,Casualty and Allied Lines, Propertfar,d Totai - 48 I
Allied Lines c . . C"<
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. . WOLGEMUTH, JASON MICHAEL
,,24 VINEMONT ROAD
REINHOLDS, PA17569-0000
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SPEAR & HOFFMAN, P.A.
BY: BONNIE L. DAHL, ESQUIRE
ATTORNEY LD. NO. 79294
1020 NORTH KINGS HIGHWAY, SUITE 210
CHERRY HILL, NEW JERSEY 08034
MANUFACTURER'S AND TRADERS TRUST COURT OF COMMON PLEAS
COMPANY, SUCCESSOR BY MERGER WITH CUMBERLAND COUNTY
KEYSTONE FINANCIAL BANK, N.A."
SUCCESSOR IN INTEREST TO FARMERS r":. ,.NO. 01-779
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TRUST COMPANY
PLAINTIFF,
vs.
TIMOTHY M. SCHENK AND
HEATHER L. SCHENK
DEFENDANT
PRAECIPE TO WITHDRAW JUDGMENT BY DEFAULT
TO THE PROTHONOTARY:
Kindly withdraw the judgment by default in the above captioned rnatter which was filed on APRIL
30, 200 I, as the Mortgagors have reinstated their mortgage.
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SPEAR AND HOFFMAN, P.A.
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BONNIE L. DAHL, ESQUIRE
Attorney for Plaintiff
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