HomeMy WebLinkAbout03-2718COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA
April 1~ 2003
Whereas, the VIGILANT INSURANCE COMPANY, located at New York, New York, 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 thc laws of this Commonwealth
applicable to such company in doing business berein.
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 Vigilant Insurance Company, of New York, New York, 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 ye~ first above written.
VIGILANT INSURANCE COMPANY
STATEMENT OF ASSET'S. LIABILITIES AND SURPLUS TO POLICYHOLDERS
Statutory Basis
DECEMBER 31. 2002
¢in thousands of
ASSETS
Cash and Shot1 Te~m Investments .......... $ 25,072
United States Government, State and
Municipal Bonds ............................ 77.513
~ Bonds ............................. 47,977
Stocks ................................................. 283
Other Immsted Assets ............................ 115
TOTAL INVESTMENTS ....................... 150,960
LIABILITIES
AND
SURPLUS TO POLICYHOLDERS
Outstanding Losses and Loss Expanses... $ 58,206
Unearned Premiums .................................. 23,157
Retnsuranoe Premiums Payable ........ 68,756
Provision for Reinsurance .......................... 675
Other Liabilities ..................................... 40~681
TOTAL LIABILiTiES ............................. 191r475
InvealgTlents in Affiliates ........................ 7.493
Premiums Receivable ............................. 105.867
O~ler Assets ............................................ 10t790
TOTAL ADMITTED ASSETS ............... $ 275~110
Capital Stoc~ ............................................. 4.500
Paid-In Su~plu~ ........................................... 25,16g
Urms~gned Funds ...................................... 53,966
SURPLUS TO POUCYHOLDERS .......... 831635
TOTAL LIABILITIES AND SURPLUS
TO POLICYHOLDERS ......................... $
275,110
Investments are valued in accordance ~ requiramente of Itm National Aasocte~a~ of Insurance CommisstOCmrs.
investments valued at $7.627 am depceiMd with government aulhodtias as mqutmd by law.
State. County & City of New York, - ss:
being duly swcxn, dspoeee and says that the forago~ng Stetercent of Assets. Uabtllttsa and Surplus to Pa~'yho~dem of
said Vl~ant Insurance ~ny on Decembe~ 31, 2002 ~ttueandcerractandisatrue abslract of the Annual
S~tm~mlt of said C, ompany as filed with the Se~etary of the Treasury of the United States for the 12 mo~ths efKling
Decemb~ 31, 2002.
Assistant Secretary
Notary Public State of New Jersey
No. 2231647