HomeMy WebLinkAbout01-2407COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2001
Whereas, the WESTERN SURETY COMPANY, located at Sioux Falls, SD, 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, M. Diane Koken~ Insurance Commissioner of the Commonwealth of Peunsylvania, 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 Western Surety Company, of Sioux Falls, SD, 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
WESTERN SURETY COMPANY
Sioux Falls, South Dakota
Statement of Condition and Affairs
December 31, 2000
ASSETS
Bonds
Stocks
Cash & short-term investments
Other invested assets
Receivable for securities
Agents balances or uncollected premiums
Reinsurance recoverable on loss payments
Electronic.data processing equipment
Interest, dividends and real estate income
due and accrued
Other assets
Total Assets
LIABILITIES AND SURPLUS
Losses
Reinsurance payable on paid loss and loss
adjustment expenses
Loss adjnsunent expense
Other expense
Taxes, licenses and fees
Federal income tax payable
Unearned premiums
Policyholders dividends declared and unpaid
Excess of statutory reserves over statement
reserves
Retroactive reinsurance reserve assumed
Other liabilities
Total Liabilities
Surplus Account:
Capital paid up
Gross paid in & contributed surplus
Unassigned funds
Su~lus as regards policyholders
Total Liabilities and Capital
$ 4,000,000
106,864,948
57,880,019
$ 406,148,694
43,932,894
6,504,371
257,991
10,406,269
49,798,269
7,2i4,331
3,806,162
6,503,051
558,987
$ 535~1~1,019
$ 70,544,055
4,084,979
34,228,658
13,753,544
957,911
412,042
191,711,333
716,036
2,548,000
34,148,414
13,281,080
366,386,052
$ 168,744,967
$ 535,131.019
I, Phil Lundy, Vice President, Secretary and Treasurer of Western Surety Company
hereby certify that the above is an exact copy of the financial statement of the Company
dated December 31, 2000, as filed with the various Insurance Departments and is a true
and correct statement of the condition of the Western Surety Company as of that date.
Subscribed and sworn to me this
My commission expires:
KATHRYN j. SCHRO~DI~R
My Commission ~xp:.res 7-2~-2003
Western Surety Company
By
Vice President, Secr~ry,
day of ~brcic.~./ , 2001.
Notary Public
Treasurer