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HomeMy WebLinkAbout01-2792 FX " I,' l .. - '-_"""'"",~mH ~ *.'...... :#OI-..i 79.<. ~ 1""'-. COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, P A April 1, 2001 Whereas, the FEDERAL INSURANCE COMPANY, located at Indianapolis, IN, has filed in this Department a certified copy of its charter and a detailed statement of its Assets and Liabilities, and otherwise complied with the requirements of Section 661 of the Act of Assembly of the Commonwealth of Pennsylvania, entitled "An act relating to insurance; amending, revising and consolidating the Law &c.," approved the 17th day of May, A.D. 1921, as well as with the requirements of the laws of this Commonwealth applicable to such company in doing business herein. Now Therefore, I, M. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, do hereby certify, in accordance with Section I, of the Act of Assembly approved June 29,1923 and known as act No. 373 of the Laws of 1923, that the Federal Insurance Company, of Indianapolis, IN, is duly authorized to become and be accepted as sole surety on all bonds, undertakings and obligations required or permitted by law or the ordinances, rules or regulations of any municipality, board, body, organization, or public officer. In Witness Whereof, I have hereunto set my hand and affixed my official seal, the day and year first above written. _'t(~c5~ Insurance Comrmssloner C ',1,., :i!. ~ ~" .1 FEDERAL INSURANCE COMPANY ",,< J '4> STATEMENT OF ASSETS, LIABILITIES AND SURPLUS TO POLICYHOLDERS ASSETS Cash ........................................................... $ United States Government, State and Municipal Bonds ...................................... Other Bonds ............................................... Stocks.... ............... ............. ......................... Short Term Investments .............................. Other Invested Assets ................................ TOTAL INVESTMENTS ........................... Investments in Affiliates: Pacific Indemnity Company...................... Executive Risk Indemnity Inc. .................. Great Northern Insurance Company........ CC Canada Holdings Ltd. ........................ Chubb Insurance Company of Europe ..... Vigilant Insurance Company.................... Other Affiliates .......................................... Net Premiums Receivable .......................... Other Assets ............................................... Statutory Basis DECEMBER 31, 2000 (in thousands of dollars) (119,636) 7,196,780 1 ,733,846 261,059 64,539 304,194 9,440,782 533,000 306,193 136,978 98,109 61,383 54,770 280,416 638,320 720.380 TOTAL ADMITTED ASSETS .................... $ 12,270,331 LIABILITIES AND SURPLUS TO POLICYHOLDERS Outstanding Losses and Loss Expenses ..... $ Unearned Premiums .................................... Provision for Reinsurance ............................ Other Liabilities ............................................. TOTAL LIABILITIES ................................... Capital Stock ................................................ Paid-In Surplus.. ..................... .......... ............ Unassigned Funds ....................................... Unrealized Depreciation of Investments ...... SURPLUS TO POLICYHOLDERS ............ J1L~,t,,~~J 6,351,035 1,991,909 71,958 460,512 8,875,414 20,980 672,878 2,798,283 (97,224) 3,394,917 TOTAL LIABILITIES AND SURPLUS TO POLICYHOLDERS ........................... $ 12,270,331 Investments are valued in accordance with requirements of the National Association of Insurance Commissioners. Investments valued at $37,141 are deposited with government authorities as required by law. KAREN A. PRICE Notary Public. State of New Jersey No. 2231647 Commission Expires Oct. 28. 2004 Form 27-10.0073 (Rev, 4-01) A CORRECT STATEMENT: U ~/ L--I((jXP'~~ Assistant Secretal)l or Attomey.jn-Fact .tiiwljrR~MiilMjj ~' /~~ "~~. ~_.... ~~"" ""'-~-~..~_~_~~~JII;~\~~- ~~ ~ tt--B; ~ ~ ~ -- tJ u. ~ ~ t ~ ~ ~ --. .--. -~ ... ._me__ . ~_..p^ ,..".~~,> ~ -~,,~"^~,-, -,"", ~,.,' ,""" .~ = "~' -~"1Ili1rliiiIlliI1i <>-0... ~_.. (") c: -.)$; !11j-:{::; ~fEi' Co l> ~2< :s - C' ~(--< :;s.. C ~,; -=:i -< - -".. ~."-" ;C4J!t -<: I to:.") ~- ::'f '?? L- Co..> ,~~ 1iI~ -~, " ..""'i r v, c.:) o -n -- n j""'" ,-;. , ., , 11