HomeMy WebLinkAbout01-2542 COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April Iv 2001
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, I, M. Diane Koken~ Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certify, in accordance with Section 1, of the Act of Assembly approved .l'une 29, 1923 and known as act
No. 373 of the Laws of 1923, that the Univereal 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.
.... lli½uranee Commissioner
UNIVERSAL SURETY OF AMERICA
Houston, T~-~
Statement of Condition and Affairs
December 31, 2000
ASSETS
Bonds $ 28,921,733
Cash & short-term investments 3,171,550
Agents balances or uncollected premiums 650,462
Reinsurance recoverable on loss payments 105,079
Federal income tax recoverable 927,022
Electronic data processing equipment 106,480
Interest, dividends and real estate income
due and accrued 550 853
Total Assets $~
LIABILITIES AND SURPLUS
Losses $ 4,275,648
Reinsurance payable on loss payments 401,045
Loss adjustment expense 1,982,773
Other expense 67,498
Taxes, licenses and fees 90,900
Unearned premiums 7,492,830
Other liabilities 3 230 040
Total Liabilities 17,540,734
Surplus Account:
Capital paid up $ 4,200,000
Gross paid in & contributed surplus 1,000,000
Unassigned funds 11,692,445
Surplus as regards policyholders $ 16 892 445
Total Liabilities and Capital
I, Melissa Cooper, Treasurer and Controller of Universal Surety of America hereby certify
D~a/ce~n~ba__bo~e i,,s,,~an,, exam.copy .of ~e finch, cial. statement.of the Company dated
c ocr o~, z~v., .as niea. w~m.. me various, insurance oepartm .ents and is a true and
orrect statement or ~e cona~t~on of the Umversai Surety of America as of that date.
Universal Surety of America
Treasurer, Controller
Subscribed and sworn to me this ~l day of ~b~ ,2~1. __
Mv commission exoires:
Notary Publlt:
KATHRYN J. SCHROEDER
My C~mmission Expires 7-21-2003
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