HomeMy WebLinkAbout04-1809COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April lv2004
Whereas, the UNIVERSAL SURETY OF AMERICA, located at Houston, TX, 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 the laws of this Commonwealth
applicable to such company in doing business herein.
Now Therefore, 1, M. Diane Koken: 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 Universal Surety of America, of Houston, TX, 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 year first above written.
UNIVERSAL SURETY OF AMERICA
Houston, Texas
Statement of Condition and Affair~
December 31, 200~
Bonds
Cash and short-term investments
Uncollec~l premiums and agents' balances
Amounts recoverable from reinsurers
Federal income tax recoverable
Net deferred tax asset
Investment income due and accrued
Total Assets
Losses
LIABIIJTIES AND SURPLUS
Reinsurance payable on paid loss and loss adjustment expenses
Loss adjustment expenses
Contingent and other commissions payable
Other expenses
Taxes, licenses and fees
Unearned premi-ms
Other liabilities
Total Liabilities
Surplus Account:
Capital paid up
Gross paid in and contributed surplus
Unassigned funds
Surplus as regards policyholders
Total Liabilities and Capital
$4,200,000
1,000,000
3,243,445
$23,852,096
1,213,390
125,458
37,976
179,062
107,060
440,528
$25~955,570
$6,254,072
8,471
1,974,075
41,360
92,502
97,029
5,248,012
3,796,604
17,512,125
$8,443,445
$25~955~570
I, Melissa Cooper, Treasurer of Universal Surety of America, hereby certify that the above is
an exact copy of the financial statement of the Company dated December 31, 2003, as filed
with the various Insurance Dupa~tments and is a true and correct stalement of the condition of
Universal Surety of America as of that date.
Universal Surety of America
Subscribed and sworn to me this 2~.~__~~ )4.
My commission expires:
KATHRYN J. SCHROEDER
My Commission Expires 7-21-2009
N~tary Pubic U