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Home My WebLink About01-0863 FX f / , 71-0,01- 9r. 3 ~ Tb- COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT CERTIFICATE OF AUTHORITY Effective Date: 04/0112.000 PEERLESS INSURANCE COMPANY NAIC NO 24198 HAS COMPLIED WIlli THE REQUIREMENTS OF THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA RELATING TO ADMISSION IN SAID COMMONWEALTH FOR THE PURPOSE OF TRANSACTING INSURANCE BUSINESS IN PENNSYLVANIA AND THAT THE ABOVE NAMED COMPANY IS HEREBY AUTHORIZED TO TRANSACT THE BUSINESS OF: 40-5-102 (c)(l1) Auto Liability 40-5-102 (c) (5) Boiler and Machinery 40-5-102 (c) (6) Burglary and Theft 40.5-102 (c) (9) Elevator 40-5-102 (c) (I) Fidelity and Surety 40-5-102 (c) (3) Glass 40-5-102 (b) (2) Inland Marine and Physical Damage 40.5-102 (c)(12) Mine and Machinery 40-5-102 (b) (3) Ocean Marine 40-5-102 (c) (4) Other Liability 40-5-102 (c)(13) Personal Property Floater 40-5-102 (b) (1) Property and Allied Lines 40-5-102 (c)(14) Worker's Compensation ,FOR THE YEARENDlNG MARCH 31, 2001, IN ACCORDANCE WITH ITS CHARTER AND IN CONFOR.l\1ITY WITH THE LAWS OF SAID COMMONWEALTH OF PENNSYLVANIA. IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND AND AFFIXED MY OFFICIAL SEAL, THE DATE AND YEAR FIRST ABOVE WRITTEN. ~~ M. DIANE KOKEN INSURANCE COMMISSIONER ,,' i*"'-"'" ,;.-,,,..",, ~~>~ y .', ~ " , PEERLESS INSURANCE COMPANY I certlrY that the following Individuals are officers of Peerless Insurance Company as of December 31, 1999, to wit: Rog!!J" ~,. Jeoo......................,m.............,m...::...Chairman of the Board Laffey, JosephA. Lampert, Michael K. Maenhout, Walter L. Mess, Rlchat T.Bell.....,...........................Presiden, t/Chief Executive Officer BruceS, Monahan, Bruce W, Seaman, Michael A, Simson, Timothy Mark E!. Fiebrink......,Executive Vice President/Chief Financial Officer W. Stalker, David G. Thompson, T-rent R. Vaughn, Paul J, Venezia, A. Alex Fontanes,...Executive Vice President/Chief Investment Officer Steven W. WesterdahL.............,..,.............,......,...........Vice Ibrahim Elsammak, ForrestH. Johnson, Charles B. Ruzicka.............. Presidents ..............................................................SeniorVice Presidents Daniel P. Baker, Nancy C. Callender,' David J. Conway, Jacki E, Joseph P. Tracey..........,....................SeniorVice President/Treasurer Gerson, Jimmie E. Godbey, Deborah M, Jansen, Myrna J. Harrington, Jane F. Taylor ....................................... Vice President/Secretary Diana L. Kelly, Manzall Mitchell-Dwyer, Stephen D. Powell, John J, Dwight W. Bowie, MlchaelR Christiansen, John T. Clifford, Richard Sansone, Kenneth J. Swymer. John J. Wiliiams, Thomas F. Wilson, Fee, Stephen R. Myers............................Regional Vice Presidents Jr ................,....,....................................AssistantVice Presidents Jane A, Barnett, Douglas A, Benedict, Kathryn A. Bieler, Richard A. Honore J. Fallon, Brendan P. Halligan, Timothy M. Sweeney, James Bouchard, Donald Cheek, William A. Driskill, Donna Egyed, Justin D. R. Pugh, Kimberly O. Smith,......,.........................Assistant Secretaries Healy, Richard A. Hyatt, MatthewW. Klimczak, Kevin P. Kowar, Beth James E. Tuite, Richard C. Cloran, Denis M. Drummey, Elliot J, C, Kreidenweis, James E, Kuhnert, Bertrand J. LaChance, Danny E. Williams...........................................:......,..Assistant Treasurers I further CERTIFY that the following Financial Statement of the Company is true, as taken, from the books of sa'id Company as of December 31, 1999 to wit: ASSETS Bonds at Amortized Values........................................$ 525,683,387 Stocks at Market Values......'.............................................20,403,580 Real Estate,.............................;........................................:... 7, 129,332 Cash.............................,..........................,....,................... ..,..1 ,566,176 Short - term investments.................:..........................,.........452,970 Il.gent Balances................................................................1 05,816,257 Reinsurance Recoverable...................................................3,034,227 Il.ccrued Interest and Dividends.........................................5,879,996 :>ther Assets.........................................;.............................15,571 ,312 Receivable from Parent, Subsidiaries and Affiliates...75,393,829 rOTAL ADMITTED ASSETS..............:.............................760,931 ,066 LIABILITIES Reserve for Losses........................................................$260, 173, 185 Reinsurance Payable on Paid Losses.............................28,407.189 Reserve for Loss Adjustment Expenses.........................72,502,591 Reserve for Contingent Commissions...............................5,453,29S ,Reserve for Other UndelWriting Expenses............:...........5,700,518 Reserve for Taxes, Licenses and Fees..............................2,502,815 Reserve for Federal Income Taxes............,......................................O Reserve for Unearned Premiums...................................167,786,364 Funds Held for Others.........................................................2,332, 145 Reserve for Outstanding Loss Drafts...................................141 ,352 Other Liablllties..................................................................12,718,877 TOTAL L1ABILlTIES..................................................,.....;557, 718,331 Capital...................................................................................8.848,63S Surplus.............................................................................194,529,816 Treasury Stock........................................................................165,716 Surplus to POlicyholders............:................................:.203,212,735 TOTAL LIABILITIES AND CAPIT AL................................760,931,066 Securities carried at $10,227,579 on the above statement are deposited as required by law. li further CERTIFY the following is a true copy of the BywLaws of The Peerless Insurance Company, relating. to the execution of bonds and all other writings t,: bligat"ory in the nature thereof. i; ARTICLE 3, SECTION 7 !, .The President may appoint Attorneys-In-Fact, Resident Vice Presidents, Resident Assistant Vice Presidents and Resident Assistant Secretaries nd assign to them such duties as may be advantageous to the Company including the execution and attestation of bonds, undertakings, Ii; lcognizances, contracts of indemnity, and all other writings obligatory in the nature thereof and other documents on behalf of the Company with ower to redelegate such authority,,, nd I further CERTIFY that at the Annual Meeting of the StockhOlders duly called and held at Keene, New Hampshire, Dec. 14, 1972, the following vote was !, nanimouslyadopted: .;1 ESOLVED, that the signature of the President, Secretary, Treasurer, Vice President, Assistance Vice President and Assistant Secretary may be 'fixed to any such Power of Attorney or any certified copy thereof or any certification relating thereto, by facsimile and a'ny such Power of AttorneyN,q 'any certified copy thereof, or any certification relating thereto bearing such facsimile signatures or facsimile seal shail be valid and binding upon ;; e Corporation in the future with respect to any bonds, undertakings, recognizances or contracts of indemnity to which it is attached, ' , I TESTIMONY WHEREOF, I hereunto subscribe my name and affix the sea~ of said Co~pany, this~day of . ~rI~ Subscribed and Sworn to before me this day of Myccmmi..;"" ""pil1!' 1-335(5/00) -Ill_Nhlar&u~iJ;,^),;", . 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