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COMMONWEALTH OF PENNSYLVANIA
,~TM~ .INSURANCE DEPARTMENT
Harrisburg, PA Aaril 1.2007
Whereas, the SELECTIVE INSURANCE COMPANY OF AMERICA, located at Branchville, N.J.,
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 17~' 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, Randolph L. Rohrbaugh1 Acting 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 Selective Insurance Company of America, of
Branchville, N. J., 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 Whe f, I have her set my hand and
affixed my o cial eal an first above written.
Acting Insurance Commissioner
r' •
SELECTIVE
Selective Insurance Company of America
40 Wastage Avenue
Branchville, New Jersey 07890
973-948-3000
STATEMENT OF FINANCIAL CONDITION
I hereby certify that the following information is contained in the Annual Statement of Selective Insurance Company of
America ("SICA") to the New Jersey Department of Banking and Insurance as of December 31, 2006:
ADMITTED ASSETS (in thousands) LIABILITIES AND SURPLUS (in thouca ds1
Bonds $1,384,902 Reserve for losses and loss expenses $ 915,674
Prefer-ed stocks at convention value
Common stocks at convention values
Subsidiary common stock at
convention values
Short-term investments
Mortgage loans on real estate
(including collateral loans)
Other invested assets
Interest and dividends due or accrued
Premiums receivable
Other admitted assets
Total admitted assets
0 Reserve for unearned premiums 357,191
162,811 Provision for unauthorized reinsurance 114
23,094 Commissions payable and contingent 27,133
commissions
15,883 Other accrued expenses 22,222
0 Other liabilities 276.537
154,127 Total liabilities 1,598,871
16,924
290,833 Surplus as regards policyholders 534.320
84,617
2.133.191 Total liabilities and surplus as regards 2.133.191
policyholders
I further certify that the following is a true and exact excerpt from Article VII, Section 1 of the By-Laws of SICA, which is
still valid and existing.
The Chairman of the Board, President, Chief Executive Officer, any Executive Vice President,
any Senior Vice President or any Corporate Secretary may, from time to time, appoint attorneys
in fact, and agents to act for and on behalf of the Corporation and they may give such appointee
such authority, as his/her certificate of authority may prescribe, to sign with the Corporation's
name and seal with the Corporation's seal, bonds, recognizances, contracts of indemnity and
other writings obligatory in the nature of a bond, recognizance or conditional undertaking, and
any of said Officers may, at any time, remove any such appointee and revoke the power and
authority given him/her.
IN WITNESS WHEREOF, I hereunto subscribe my name
STATE OF NEW JERSEY :
:ss. Branchville
COUNTY OF SUSSEX
On this 7~day of Febrvarv 20QZ, before me, the undersigned officer, personal)
acknowledged himself to be the Corporate Secretary of SICA, and that he, as such Corporate
to do, executed the foregoing instrument for the purposes therein contained, by signing the name of the
himself as Corporate Secretary. _ ~ _~
2007
{61'Fi. Lanza, who
being authorized so
~iotary Public O~ ~ ~
My Conunission Expires: '~ NQIIHRY.
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