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Home My WebLink About01-2797 COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April 1~ 2001 Whereas, the PEERLESS INSURANCE COMPANY, located at Keene, N.H., 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 Sactiun 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 17n 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 June 29, 1923 and known as act No. 373 of the Laws of 1923, that the Peerless Insurance Company, of Keeue, N.H., 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 PEERLESS iNSURANCE COMPANY I cer'dfy that the following individuals am officers of pearfaea insurance Company as of January 31, 2001, to wit: Laffey, Joseph A. Lampert, Waiter I. Mess, Bruce B. Monahan, Gar Rocer L. Jean ............................................... Chairman of the Board Mi~heai R Christfansen .................... prseident/Chief Executive Officer J. Oatrow, Michael A. Simsen, Timothy W. Stalker, David G Mark E. Fiebrink ........Executive Vice President/Chief Financial Officer Thompson, Paul d. Venezia, Steven W. Westerdah · Vice President A. Alex Fontanas ... Executive Vice president/Chief investment Officer ............................................................................. Forrest H. Johnson, Amy J. Leddy, William G. Merach, Charles B. ~ni[I P. Baker, Nancy C. Callender, David J. Conway, Jacki E Gerson, Deborah M. Jansen, Myrna J. Harfington, Oiana L. Kelly Ruzic~a ................................................... Senior Vice Presidents Joseph P Tracey ....................... Senior Vice prasidentJTreasurer Manxell MitohelI-Owyer, Stephen D. Powell, John J. Sansene Kenneth J. Swymer, John J. Williams, Thomas F. Wilsen, Jr Jane F. Taytor ............................................. Vice PresidentJSecratary .... Assistant Vice President Dwight W. Bowie, John T. Clifford, Richard Fee, Joseph W. Headd, . ............................................................... .. Stephen R. Myers ........................................ Regional Vice Presidents Honore J. Fallon, Timothy Licknese, James R. Pug Jane A. Barnett, Douglas A. Benedict, Kathryn A. Sieler, Richard A ................................................................... Assistant Secretarie Bouchard, Donald D. Cheek, William A. Oriakili, Donna C. Egyed, James E. Tuita, Richard C. C oran, Den s M. Drummey Steve Fulwood, Justin D. Healy, Frank J. Kotarba, Beth C. Elliot J. Williams ................................................. AssiatantTreesurer Kreidenweis, James E. Kuhnert, Bertrand J. LaChance, Danny E. I fu~her CERTIFY that the following Financfal Statement of the Company ia true, aa taken from the books of said Company aa of December 31, 2000 to wit: LIABILITIES ASSETS Reearve for Loseea ...................................................... $244,169,3'1 Bonde at Amortized Values ..............................'. .......... $490,937,089 Stocks at Market Values .................................................... 24,470,558 Reinsurance Payable on Paid Luaea" ............................. 2,340,55 Reserve for Lcea Adjustment Expenses ....................... 69,735,52 Real Estate .......................................................................... 7,088,431 Reserve for Contingent Commfaelons ............................. 6,273,55 Cash .................................................................................... -3,789,335 Reserve for Other Undew~rlting Expenses ...................... 6,484,29 Short - term Investments ................................................. 10,4t 5,999 Licenses and Fees ............................ 3,121,41 Agent Balances ................................................................. 97,381,064 Reserve for Taxe~, Reinsurance Recoverable .................................................. 1,t 03,846 Reserve for Federal Income Taxes ................................................ Accrued Interest and Dividends ......................................... 5,916,881 Reserve for Unearned Premiums .................................173,224,42 Funds Held for Others ....................................................... 1,978,42 Other Assets .............................--': ...................... ~s'"'" t 6,t 32,059 Receivable from Parent, Subsldfanea and Affi a ..... 81,887,203 Reserve for Outstanding Loss Drafts .................................... 6,32 Other Liabilities ................................................................. 8,6t7,74 TOTAL ADMITTED ASSETS ............................................731,543,755 TOTAL LIABILITIES ....................................................... 515,95'1,57 Capltbl ................................................................................. 8,848,63 Surplus ........................................................................... 206,909,26 Treasury Stock ...................................................................... 165,71 Surplus to Policyholders .............................................. 215,592,18 TOTAL UABIUTIES AND CAPITAL .............................. 73t,543,76 Securities carded at $10,166,043 on the above statement are deposited as required by law. I further CERTIFY the following ia a true copy of the By-Laws of Peerless Insurance Company, relating to the execution of bonds an" all other writings obligatory in the nature thereof. ARTICLE IV, SECTION 12 'Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President. and subject to such limitation as the Chairman or the President may prescribe, shall appoint such attorneys-in-fact, as may be necessary to act in behalf of th Corporation to make. execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other sure:; obligations. Such attorneys-in-fact, subject to the limitations set forth in their respective powers of attorney, shall have f~li power to bind ti' Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so executed, suc instruments shall be as binding as if signed by the President and attested to by the Secretary." Use of facsimile signatures by Peerless insurance Company is made pursuant to Resolution of the Board of Directors of Peerless Insurance Company, dated April 28, 1988. IN TESTIMONY WHEREOF, I hereunto subscribe my name and affix the seal of said Company, this day of -' President v~=....-..... Subscribed and Sworn te before me this day of My Commission Expires March 18, 2003 341-335 (5/01)