HomeMy WebLinkAbout04-2487COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1,2004
Whereas, the OHIO CASUALTY INSURANCE COMPANY, located at Hamilton, OH, 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 Ohio Casualty Insurance Company, of Hamilton, OH, 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.
Insurance Commissioner
The Ohio Casualty Insurance Company
FINANCIAL STATEMENT -- December 31, 2003
ASSETS 2003
Cash ........................................................................................ $ (19,193,775.63)
Bonds'/r ................................................................................... 1,330,337,922.61
Stocks'k ................................................................................... 789,467,437.14
Real Estate (less encumbrances) .............................................. 26,817,714.35
Premiums in Course of Collection ........................................... 163,205,553.96
Investment Income Due & Accrued ......................................... 18,916,897.97
Reinsurance Recoverable ........................................................ 32,167,875.00
Other Assets ............................................................................ $ 48,779,716.42
Total Assets ...................................................................... $2,390,499,341.82
LIABILITIES
Reserve for Outstandin§ Losses ............................................... $ 861,727,522.83
Reserve for Unearned Premiums ............................................. 304,071,820.75
Reserve for Taxes & Expenses .................................................. 62,221,664.61
Reserve for Reinsurance .......................................................... 1,010,800.00
Other Liabilities ...................................................................... 293,840,704.05
Total Liabilities ................................................................. $1,522,872,512.24
Capital Stock ......................................... $ 4,500,000.00
Net Surplus ........................................... $ 863,126,829.58
Policyholders Surplus ....................................................... $ 867,626,829.58
Total Liabilities, Capital Stock and Surplus ....................... $2,390,499,341.82
~r Va}uatio~ls on basis approved by the Nationa} Association of ]nsurance Commissioners.
COUNTY Of BUTLER
Dan R. Carmichael, bein§ duly sworn, says: That he is President of The Ohio Casualty Insurance Company of
Hamilton, Ohio; that said Company is a corporation duly organized, existing and engaged in business as a Surety by
virtue of the laws of the State of Ohio and has duly complied with all the requirements of the laws of said State applic-
able to said Company and is duly qualified to act as Surety under such laws; that said Company has also complied
with and is duly qualified to act as Surety under the Act of Congress of July 30, 1947 (6 U.S.C. 6-13); that to the best of
his knowledge and belief and the above statement is a full, true and correct statement of the financial condition of said
Company on the 31 st day of December, 2003.
Sworn to before me this 1st day of March, 2004.
Cheryl S. Gregory, Notary Public
State of Ohio
My Commission Expires August 6, 2007.
Dan R. Carmichael, President
OC
CERTIFIED COPY
COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, Pa., April 1, 2004
WHEREAS, THE OHIO CASUALTY INSURANCE COMPANY, located at Hamilton, Ohio has
appointed the Insurance Commissioner of Pennsylvania as its Attorney in this Commonwealth, on whom
process of law can be served, and filed in this Department as 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 in the Conanonwealth 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, DIANA KOKEN, Insurance Commissioner of the Commonwealth of
Pennsylvania, do hereby certify, in accordance with Section I, of the Act of Assembly approved June
29, 1923 and kmown as Act No. 373 of the Laws of 1923, that The Ohio Casualty Insurance Company of
Hamilton, Ohio, 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,