HomeMy WebLinkAbout03-3139COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA Al~ril 1, 2003
Whereas, the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, located at Baltimore, MD,
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 66i of the Act of Assembly of the Conunonwealth 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 Peunsylvania, 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 Fidelity and Deposit Company of Maryland, of Baltimore, MD, 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, roles 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
Companies
FIDELITY AND DEPOSIT COMPANY
OF MARYLAND
3910 KESWICK ROAD, BALTIMORE, MD 21203
Statement of Financial Condition
As Of December 31, 2002
ASSETS
Bonds ................................................................................................................................................ $ 107,143,44I
Stocks ............................................................................................................................................... 45,178,462
Mortgage Loans ................................................................................................................................ 4~000,000
Cash in Baltics and Offices and Short Term Investments .................................................................. 564,304
Other Accounts Receivable .............................................................................................................. 1,514,882
TOTAL ADMITTED ASSETS ......................................................................................................... $ I58,401,089
L/ABILITIES, SURPLUS AND OTHER FUNDS
Reserve for Taxes and Expenses ...................................................................................................... $ 252,996
TOTAL LIABILITIES .................................................................................................................... $ 252,996
Capital Stock, Paid Up ........................................................................................ $ 5,000,000
Smplus ................................................................................................................. 153,148,093
Surplus as regards Policyholders ...................................................................................................... 158,148,093
TOTAL ........................................................................................................................................ $ 158,401,089
Securities carried at $19,249,112 in the above statement are deposited as required by law.
Securities carried on the basis prescribed by the National Association of Insurance Commissioners. On the basis of
December 31,2001 market quotations for all bonds and stocks owned, the Company's total admitted assets would be
$160,417,836 and surplus as regards policyholders $160,164,840.
I, DAVID A. BOWERS, Corporate Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby
certify that the foregoing statement is a correct exhibit of the assets and liabilities of the said Company on the 31st
day of December, 2002.
~rate Secretary
State o£ Illinios
CityofSchaumburg } SS:
Subscribed and sworn to, before me, a Notary Public of the State of Illinois, in the City of Schaumburg, this 18th day of February, 2003.
My commission expires February 24, 2004.