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Home My WebLink About01-2797 FX "' ",- . ~" .., -" ,,-~-, -', "-li,I,_o'; __h_~, ~"<d- ~-,.-. '~co:.k'k~""<';;."'~'-"-'"",~',,,--:;;,--,,- --':""<""";'"~J_":,,;,,,~_ ,,,," i.~i . 1t 01- J. ? 97 G...,~ IlL- ,. COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April 1, 2001 Whereas, the PEERLESS INSURANCE COMPANY, located at Keene, N.H., 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 Peerless Insurance Company, of Keene, N.H., 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. ~~o(~ Insurance Commissioner j'~-,~. .~ -" , . -- 1_- " ...1 _.__~_~.__...,..~...~..' PEERLESS INSURANCE COMPANY I certify '\hat the following individuals are officers of Peerless Insurance Company as of January 31. 2001. to wit: Roger L. Jean........................................m........ Chairman of the Board Laffey, Joseph A. Lampert, Walter L. Mess, Bruce B. Monahan Gar Michael R. Christiansen....................President/Chief Executive Officer J. Ostrow, Michael A. Simson, Timothy W. Stalker Da~id G Mark E. Fiebrink ........Executive Vice President/Chief Financial Officer Thompson, Paul J. Venezia, Steven W. 'Westerdah A. Alex Fontanes ... Executive Vice President/Chief Investment Officer ................................................................................... Vice President Forr~st H. Johnson, Amy J. Leddy, William G. Mersch, Charles B. Daniel P. Baker. Nancy C. Callender, David J. Conway, Jacki E Ruzicka............................................................. Semor Vice Presidents Gerson, Deborah M. Jansen, Myrna J. Harrington, Diana L. Kelly Joseph P. Tracey............................... Senior Vice PresidentfTreasurer Manzall Mitchell-Dwyer, Stephen D. Powell, John J. Sansone Jane F. Tayior................................................ Vice President/Secretary Kenneth J. Swymer, John J. Williams, Thomas F. Wilson Jr Dwight W. Bowie, John T. Clifford, Richard Fee, Joseph W. Headd, ....................................................................Assistant Vice President Stephen R. Myers..... ................................... Regional Vice Presidents Honore J. Fallon, Timothy Lickness, James R. Pug Jane A. Barnett, Douglas A. Benedict, Kathryn A. Bieler, Richard A. ...........................................................................Assistant Secretarie Bouchard, Donald D. Cheek, William A. Driskill, Donna C. Egyed, James E. Tuite, Richard C. Cloran, Denis M. Drummey Steve Fulwood, Justin D. Healy, Frank J. Kotarba, Beth C. Elliot J. Williams ................................................. Assistant Treasurer Kreidenweis, James E. Kuhnert, Bertrand J. LaChance, Danny E. I further CERTIFY that the following Financial Statement of the Company is true. as taken from the books of said Company as of December 31.2000 to wit: ASSETS Bonds at Amortized Values ......................................... $490.937.089 Stocks at Market Values....................................:.............. 24.470.558 Real Estate .......................................................................... 7.088.431 Cash .................................................................................... -3,789.335 Short - term investments .................................................10,415,999 Agent Balances................................................................. 97.381,064 Reinsurance Recoverable.................................................. 1.103,846 Accrued Interest and Dividends ........................................ 5.916.851 Other Assets .....................................................................16.132.059 Receivable from Parent, Subsidiaries and Affiliates ..... 81.887.203 TOTAL ADMITTED ASSETS ........................................... 731.543.765 LIABILITIES Reserve for Losses......................................................$244.169,31 Reinsurance Payable on Paid Losses .............................2.340.55 Reserve for Loss Adjustment Expenses .......................69,735,52 Reserve for Contingent Commissions.............................6,273,55 Reserve for Other Underwriting Expenses......................6,484,29 Reserve for Taxes. Licenses and Fees............................3,121,41 Reserve for Federal Income Taxes................................................ Reserve for Unearned Premiums .................................173.224,42 Funds Held for Others.......................................................1.978,42 Reserve for Outstanding Loss Drafts .................................... 6.32 Other Liabilities .................................................................8,617,74 TOTAL LIABILITIES .......................................................515.951 ,57 Capital.................................................................................8,848,63 Surplus ...........................................................................206.909.26 Treasury Stock.......................... ............................................165.71 Surplus to Policyholders ..............................................215.592.18 TOTAL LIABILITIES AND CAPITAL..............................731.543.76 Securities carried at $10,166,043 on the above statement are deposited as required by law. I further CERTIFY the following is a true copy of the By-Laws of Peerless Insurance Company, relating to the execution of bonds and all other writings obligatory in the nature thereof. ARTICLE IV. SECTION 12 "Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President, and subject to such limitation as the Chairman or the President may prescribe, shall appoint such attorneys-in-fact, as may be necessary to act in behalf of th Corporation to make, execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other surety obligations. Such attorneys-in-fact, subject to the limitations set forth in their respective powers of attorney, shall have full power to bind th Corporation by their signature and execution of any such instruments and to attach thereto the seai of the Corporation. When so executed, suc instruments shall be as binding as if signed by the President and attested to by the Secretary." Use of facsimiie signatures by Peerless Insurance Company is made pursuant to Resolution of the Board of Directors of Peerless Insurance Company, dated April 28, 1 988. IN TESTIMONY WHEREOF, I hereunto subscribe my name and affix the seal of said Company, this day of JJ'''(~ President My """,m;.,.;on.>q>i"'. Subscribed and Sworn to before me this day of ~t:p~ Notary Pubiic My Commission Expires March 18, 2003 341-335 (5/01) ~~iil.fu!~ilci,j~:)j~2;!H,dllo&aiC 1.;::",I;;Ji.'b!,I,",,-J;\t.~~.,jI"B,ti1l1*,ii~~:id,;;f' -,J:W~:;,,~-,;" 'i--~,!, '""""",'",I,,,'dl,,l:i~'-~ Ji:liii1,Jil1~ "~A"l'" _$~'ii!.J~....I~.'i!iI<:o!!H,~!i1 'T~- ~--'-;'!I\!iIlifi = ~~ .IIi ., -- n)5 0 c.~ F~, C . 5_:. 3': ""0 cr, nlf:,--; :1-:.", ~~" .,.~;;: I 0)<, \.,C;- --< ::_-' ~C :r.;" ~c:; )>C, If? c Z ::l ,~,,: =< (n :J:J ......., ;s:, .. :" g r t i~ P ~) t ..... 1-J .... '- W ." ?' '" .0 '"\ "