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COMMONWEALTH OF PENNSYLVANIA
oS;Oh~E~LTN Of PENN~av ( INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2008
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, Joel Ario, Acting I:asurance 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, trat the Selective Insurance Company of America, of
Branchville, N. J., is duly authorized to become and be accepted as sole surety on all bonds, undertal.ings and
obligations required or permitted by law or the ordinances, rules or regulations of any m~,~nicipality, 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.
~/'1[~
Acting Insurance Commissioner
ti
SELECTIVE ~
Selective Insurance Company of America
40 Wantage Avenue
Branchville, New Jersey 07890
973-948-3000
STATEMENT OF FINANCIAL CONDIT[ON
1 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, 2007:
ADMITTED ASSETS (in thousands
Bonds $ 1,491,504
Preferred stocks at convention value 0
Common stocks at convention values 108,753
Subsidiary common stock at 22,397
convention values
Short-term investments 54,915
Mortgage loans on real estate 0
(including collateral loans)
LIABILITIES AND SURPLUS (in thousands
Reserve for losses and loss expenses $1,144,482
Reserve for unearned premiums 375,787
Provision for unauthorized reinsurance 73
Commissions payable and contingent
commissions 29,788
Other accrued expenses 22,087
Other liabilities
Other invested assets 187,682 Total liabilities
Interest and dividends due or accrued
Premiums receivable
Other admitted assets
Total admitted assets
17,689
318,489 Surplus as regards policyholders
79,635
2~2$.1.~~4 Total liabilities and surplus as regards
policyholders
l 73,484
1,745,701
535,363
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. y ~ ~,.-~
IN WITNESS WHEREOF, [hereunto subscribe my name and
STATE OF NEW JERSEY
:ss. Branchville
COUNTY OF SUSSEX
SICA Corporate Secretary
On this 2"d day of April 2008, before me, the undersigned officer, personally appeared Michael H. Lanza, who
acknowledged himself to be the Corporate Secretary of SICA, and that he, as such Corporate Secretary, being authorized so
to do, executed the foregoing instrument for the purposes therei ~ nin :the name o ration by
himself as Corporate Secretary. a``,`~~Ntitu~~~t~~~~~/'
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