HomeMy WebLinkAbout08-2791
INSURANCE DEPARTMENT
I, Joel Ario, Acting Insurance Commissioner of the Commonwealth of Pennsylvania, do hereby
certify that the attached is a full, true and correct copy of the Certificate of Authority of
SAFECO INSURANCE COMPANY OF AMERICA, as the same appears of record and
remains on file with this Department.
In Witness Whereof, I have hereunto set my hand
and caused my official seal to be affixed this
2nd day of April, 2008.
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Joel Ario
Acting Insurance Commissioner
COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
CERTIFICATE OF AUTHORITY
Casualty Effective Date: April 01, 2008
SAFECO INSURANCE COMPANY OF AMERICA
NAIC N0.24740
HAS COMPLIED WITH THE REQUIREMENTS OF THE LAWS OF THE COMMONWEALTH OF
PENNSYLVANIA RELATING TO ADMISSION IN SAID COMMONWEALTH FOR THE PURPOSE OF
TRANSACTING INSURANCE BUSINESS IN PENNSYLVANIA AND THAT THE ABOVE NAMED
COMPANY IS HEREBY AUTHORIZED TO TRANSACT THE BUSINESS OF:
Auto Liability 40 P.S. s 382(c)(11)
Burglary and Theft 40 P.S. s 382(c)(6)
Elevator 40 P.S. s 382(c)(9)
Glass 40 P.S. s 382(c)(3)
Livestock 40 P.S. s 382(c)(10)
Ocean Marine 40 P.S. s 382(b)(3)
Personal Property Floater 40 P.S.s 382(c)(13)
Water Damage 40 P.S. s 382(c)(8)
Boiler and Machinery 40 P.S. s 382(c)(5)
Credit 40 P.S. s 382(c)(7)
Fidelity and Surety 40 P.S. s 382(c)(1)
Inland Marine and Physical Damage 40 P.S. s 382(b)(2)
Mine and Machinery 40 P.S. s 382(c)(12)
Other Liability 40 P.S. s 382(c)(4)
Property and Allied Lines 40 P,S. s 382(b)(1)
Workers Compensation 40 P.S. s 382(c)(14)
FOR THE YEAR ENDING MARCH 31, 2009, IN ACCORDANCE WITH ITS CHARTER AND
IN CONFORMITY WITH THE LAWS OF SAID COMMONWEALTH OF PENNSYLVANIA.
IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND AND
AFFIXED MY OFFICIAL SEAL, THE DATE AND YEAR FIRST ABOVE
WRITTEN.
JOEL ARID
ACTING INSURANCE COMMISSIONER
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Assets
Cash and Bank Deposits ........................................
SAFECO INSURANCE COMPANY OF AMERICA
FINANCIAL STATEMENT -DECEMBER 31, 2007
Liabilities
53,483,126
*Bonds - U.S Government .............................................16,728,067
*Other Bonds ........................................................... 2,478,711,287
*Stocks .................................................................... 499,235,954
Real Estate ..................................................................... 0
Agents' Balances or Uncollected Premiums ................. 625,553,621
Accrued Interest and Rents .................................... 33,936,490
Other Admitted Assets ........................................... _359.599.572
Total Admitted Assets .................................... 067.24R_1l7
Unearned Premiums .............................................. $ 728,534,002
Reserve for Claims and Claims Expense
1
................ ...
,560,913,950
Funds Held Under Reinsurance Treaties ............... 430,979
Reserve for Dividends to Policyholders .................. ....... 2,421,611
Additional Statutory Reserve ................................
Reserve for Commissions, Taxes and
Other Liabilities .............................................. 936.336.881
Total ........................................................... $3,228,637,423
Special Surplus Funds
$ 2
........ 26,334
Capital Stock ................................ 5,000,000
Paid in Surplus ............................. ...275,002,873
Unassigned Surplus .................. 558.381.487
Surplus to Policyholders ............................. 838.610.694
Total Liabilities and Surplus ..... ......................... ~.Q5Z24B.117
* Bonds are stated at amortized or investment value; Stocks at Association Market Values.
Securities carried at $124,368,976 are deposited as required by law.
I, TIM MIKOLAJEWSKI, Senior Vice-President of SAFECO Insurance Company of America, do hereby certify that the foregoing is a
true, and correct statement of the Assets and Liabilities of said Corporation, as of December 31, 2007, to the best of my knowledge and
belief.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Corporation at Seattle, Washington, this 1st day of
March, 2008.
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Senior Vice-President
51262a 3/OB
®A registered tredemerk of SAFECO Corporation
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