HomeMy WebLinkAbout03-2400COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2003
Whereas, the UNIVERSAL SURETY OF AMERICA, located at Houston, TX, 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 1, of the Act of Assembly approved June 29, 1923 and known as act
No. 373 of the Laws of 1923, that the Universal Surety of America, of Houston, TX, 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.
Insurance Commissioner
UNIVERSAL SURETY OF AMERICA
. Houston, Texas
Statement of Condition and Affairs
December 31, 2002
Bonds
Cash & short-term investments
Agents balances or uncollected premiums
Reinsurance recoverable on loss payments
Federal income tax recoverable
Net deferred tax asset
Interest, dividends and real estate income
due and accrued
Total Assets
ASSETS
22,958,554
1,428,308
227~728
90,755
262,954
119,357
425,018
Losses LIABI~ AND SURPLUS
Reinsurance payable on paid loss and loss
adjustment expenses
Loss adjustment expense
Contingent and other commissions payable
Other expense
Taxes, licenses and fees
Unearned premiums
Other liabilities
Total Liabilities
Surplus Account:
Capital paid up
Gross paid in & contributed surplus
Unassigned funds
Surplus as regards policyholders
Total Liabilities and Capital
$ 4,200,000
1,000,000
2,433,655
$ 5,430,927
10,309
2,208,716
86,304
130,167
91,674
6,015,057
.3,905,865
17,879,019
$ 7,633,655
I, Melissa Cooper, Treasurer of Universal Surety of-America hereby certify that the above is
an exact copy of the financial statement of the Company dated December 31, 2002, as'filed
with the various Imurance Departments and is a true and correct statement of the condition of
Universal Surety of America as of that date.
Subscribed and sworn to me this
My commission expires:
KATHRYN J. SCHROEDER
h(y Commission Expires 7-21-2003
Universal Surety of America
Treasurer
day of ~, 2003.
Notary Publ/ 0'