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Home My WebLink About01-0863COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT CERTIFICATE OF AUTHORITY Effective Date: 04/01/2000 PEERLESS INSURANCE COMPANY NAIC NO 24198 HAS COMPLIED WITH THE REQUIREMENTS OF THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA RELATING TO ADMISSION IN SAID COMMONWEAI~.TH FOR THE PURPOSE OF TRANSACTING INSURANCE BUSINESS IN PENNSYLVANIA AND THAT THE ABOVE NAMED COMPANY IS HEREBY AUTHORIZED TO TRANSACT THE BUSINESS OF: 40-5-102 (c) (11) Auto Liability 40-5-i02 (o) (5) Boiler and Machinery 40-5-102 (¢) (6) Burgla/3, and Theft 40-5-102 (~) (9) Elevator 40-5-102 (c) (1) Fidelity and Surety 40-5-I 02 (c) (3) Glass 40.5-102 (b) (2) Inland Marine and Physical Damage 40-5-102 (c) (12) Mine and MachineE~ 40-5-[02 (b) (3) Ocean Marine 40-5-102 (¢) (4) Other Liability 40-5-102 (¢) (13) Personal Property Floater 40-5-102 (b) (1) PropetW and Allied Lines 40-5-102 (¢) (14) Worker's Compensation FOR THE YEAR ENDING MARCH 3 I, 2001, IN ACCORDANCE WITH 1TS 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. PEERLESS INSURANCE COMPANY I certify that the following individuals are officers of Peerless Insurance Company as of December 3t, 1999, to wit: Roger ~ Jea~..-. .......................................... :;...Chairman of the Board Richard T. Bell ................................. President/Chief Executive Officer Mark E. Fiebrink .......Executive Vice President/Chief Financial Officer A. Adex Fontenes.,..Executive Vice President/Chief Investment Officer Ibrahim Elsammak, Forrest H. Johnson, Chades B. Ruzicka .............. .............................................................. Senior Vice Presidents Joseph P. Tracey ............................... Senior Vice President/Treasurer Jane F. Taylor ....................................... Vice President/Secretary Dwight W. Bowie, Michael R. Christiansen, John T. CJifford, Richard Fee, Stephen R. Myers ............................ Regional Vice Presidents Jane A. Barnett, Douglas A. Benedict, Kathryn A. Bieler, Richard A. Bouchard, Donald Cheek, William A. Driski[I, Donna Egyed, Justin D. Healy, Richard A. Hyatt, Matthew W. Klimczak, Kevin P. Kowar, Beth C. Kreidenweis, James E. Kuhnert, Bertrand J. LaChance, Danny E. Laffey, Joseph A. Lampert, Michael K. Maenhout, Walter L. Mess, Bruce B. Monahan, Bruce W. Seaman, Michael A. Simson, Timothy W. Stalker, David G. Thompson, Trent R. Vaughn, Paul J. Venezia, Steven W. Westerdahl .................................................. Vice Presidents Daniel P. Baker, Nancy C. Callender, David J. Conway, Jacki E. Gerson, Jimmie E, Godbey, Deborah M. Jansen, Myma J. Harrington, Diana L. Kelly, Manzall MitchelI-Dwyer, Stephen D. Powell, John J. Sansone, Kenneth J. Swymer, John J. Williams, Thomas F. Wilson, Jr .......................................................... Assistant Vice Presidents Honore J. Fallon, Srenden P. HaJligen, Timothy M. Sweeney, James R. Pugh, Kimbedy O. Smith ................................. Assistant Secretaries James E. Tuite, Richard C. Cloren, Denis M. Drummey, Elliot J. Williams ..................................................... Assistant Treasurers I further CERTIFY that the following Financial Statement of the Company Is true, as taken from the books of said Company as of December 31, 1999 to wit: ASSETS Bonds at Amortized Values ........................................ $ 525,683,387 Stocks at Market Values .................................................... 20,403,580 Real Estate .............................. ; ............................................ 7,129,332 Cash ...................................................................................... 1,566,176 Short - term investments ............................................ ~ ......... 452,970 ~gent Balances ................................................................ 105,816,257 Reinsurance Recoverable ................................................... 3,034,227 Accrued Interest and Dividends ......................................... 5,879,996 3ther Assets ....................................................................... 15,571,312 :~eceivable from Parent, Subsidiaries and Affiliates...75,393,829 FOTAL ADMII'TED ASSETS ............................................ 760,931,066 LIABILITIES Reserve for Losses ........................................................ $260,173,185 Reinsurance Payable on Paid Losses ............................. 28,407,189 Reserve for Loss Adjustment Expenses .........................72,502,591 Reserve for Contingent Commissions ................... ~ ........... 5,453,295 Reserve for Other Underwriting Expenses ........................ 5,700,518 Reserve for Taxes, Licenses and Fees .............................. 2,502,815 Reserve for Federal Income Taxes ................................................... 0 Reserve for Unearned Premiums ................................... 167,786,364 Funds Held for Others ......................................................... 2,332,145 Reserve for Outstanding Loss Drafts ................................... 141,352 Other Liabitities .................................................................. 12,718,877 TOTAL LIABILITIES ......................................................... 557,718,331 Capital ................................................................................... 8,848,635 Surplus ............................................................................. 194,529,816 Treasury Stock ........................................................................ 165,716 Surplus to Policyholders ............................................... 203,212,735 TOTAL LIABILITIES AND CAPITAL ................................760,931,066 Securities carried at $10,227,579 on the above statement are deposited as required by law. further CERTIFY the foJlowing is a true copy of the By-Laws of The Peerless Insurance Company, relating to the execution of bonds and all other writings bligatory In the nature thereof. ARTICLE 3, SECTION 7 ~The President may appoint Attorneys-in-Fact, Resident Vice Presidents, Resident Assistant Vice Presidents and Resident Assistant Secretaries nd assign to them such duties as may be advantageous to the Company including the execution and attestation of bonds, undertakings, .~cognizances, contracts of indemnity, and all other writings obligatory in the nature thereof and other documents on behalf of the Company with ower to redelegate such authority.---_ nd I further CERTIFY that at the Annual Meeting of the Stockholders duly called and held at Keene, New Hampshire, Dec. 14, t 972, the following vote was ~anlmously adopted: ESOLVED, that the signature of the President, Secretary, Treasurer, Vice President, Assistance Vice President and Assistant Secretary may be ~ixed to any such Power of Attorney or any certified copy thereof or any certification relating thereto, by facsimile and any such Power of Attorney · any certified copy thereof, or any certification relating thereto bearing such facsimile signatures or facsimite seal shall be valid and binding upon e Corporation in the future with respect to any bonds, undertakings, recognizances or contracts of indemnity to which it is attached. I TESTIMONY WHEREOF, I hereunto subscribe my name and affix the sea?f s~d Co,~pany, this day of Subscribed and Sworn to before me this day of