HomeMy WebLinkAbout01-2798 COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisbur~ PA April Iv 2001.
Whereas, the NETHERLANDS INSURANCE COMPANY (THE), located at Keene, N.H., ha$ 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
and consolidating the Law &c.,'
peansylvanta, enuueo act relating to insurance; amending, revising
approved the 17sh 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. 3'/3 of the Laws of 1923, that the Netherlands Insurance Company (The), of Keene, N.lt., is
duly authorized to become and be accepted as sole surety on all bonds, undertakings and obligations required or
· . · · · body, organization, or
permitted by law or the ordinances, rules or regulataons of any mumctpaltty, board, ·
public officer.
In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
~e C~mmissioner
'~ THE NETHERLANDS INSURANCE COMPANY
" individuals are officere of The Netherlands Insurance Company as of January 1,200t, to wit:
ce~J that the following Fontanes..-Executive V~ce Pres~derdJChief Investment Office
A. Nex
~oger L Jean ................. Chairman of the Board Joseph P. Tracey .................... Senior Vice President/Treasurer
Aichesl R. Christianesn ....................... presidentJChief Executive Officer
E F ,hrink .. Vice Presidec Z ............................................................
'-' JohnSOn A~y J. Leddy William G. Me , i ........................................................................... vice Presidents
~orrest N ................... ..~-.:'_'_';~ ......................................... Assistant V cs President
s or ......................... 8 J ustrow ......................... - .....
~ane F. T y .... - ~ ~,-=,~u Fr nk J. ~otarba, G ry - ~ ~, c,..,.,.. ................................. sistant Secretaries
Steve Fuiwood, Jusbn u. ns..,,,, _:.a..,.,,~ Kev n M Kills es Stephen ~., ..... ii ......... . .......................................... ?~,= ~t.nt Treasurers
James E. Tuita, R~cna . · ~ · ,~- r-,-,~anv is true, as tak
L AB LIT ES 25 706 170
ASSETS $94 98t 377 Reserve for Losses ............................................
Bonds at Amortized Values ....................................... Reinsurance payable on Paid LosSes ............................ 0
Stocks at Market Values .................................................. 2,t72,163 Reserve for Lo~s Adjustment Expenses ....................... 7,341,761
Cash .................................................................................... (732,33~) Reserve for Con'dngant Commissions ............................. 660,48t
Short-term Investments .................................... : .............. 2,64t,627 Reserve for Other Underwriting Expenses ...................... 682,667
Reserve for TaxeS, Lfoenses and Fees ............................ 328,623
Agent Balances .............................................................. 10 252 288 Federal Income T~xes ................................. 0
Accrued Intareet ............................................................... 1,494,642
Reinsurance Recoverable ................................................. (372,598) Reserve for .
~2,116,233 Reserve for Unesrnad premmms ................................. t8,237,085
payable to Affiliates ...................................................... 27,869,873
Other Liabilities ............................................................. 11,3t 0 45t
Other Assets ................................................................... LIABILITIES ....................................................... 92,137,11 t
TOTAL ADMITI'ED ASSETS ......................................... 122,853,40t Capital .............................................................................. 3,600,000
TOTAL
Surplus ........................................................................... 26,816,290
Surplus to PoUcyholdara .............................................. 30,416,290
TOTAL LIABILITIES AND CAPITAL ............................ t22,553,40t
Securities carried at $2,638,370 on the above statement am deposited as required by law.
I further CERTIFY the following ia a t~uo copY of the By-laws of The Netherlands Insurance Company, relating to the execution of bond
and all other writings obligatory in the nature thereof.
ARTICLE IV, SECTION 12 -. ' or the president, and subject to such limitatio
· - u ace in writing by the L;natrman - · Car oration to
r t act m behalf of th P
off.al of the Corpore on autO.ed fo ss may hs n.cessa to
· Any officer or other _ . _:.,_~ ,~o~, nrescribe, shall appoint =u~,,, -,~ - , [zsnces and other surety obligations. Such
as the Chairman or the ~-re=,u= ....... ·" - an and all undertakings, bonds, recogn Il ower to b nd the Corporatmn by their
.... =cknow edge and dehver as sur~e,_ty..~.,.~,~ ye sowers of attorney, shall have fu p
make, execute =~=~.-_... +~., I;rn' ations set forth in their ~=o~, ..... v~rnen so executed, such instruments shaft b
attorneyS-m-fact, subject ~u .,,- It
signature and execution of any such instruments and to attach thereto the seal of the Corporation,
as binding ss if signed by the President and attested to by the Secreta~J."
Use of facsimile signatures by The Netherlands insurance Company is made pursuant to ReSOlution of the Board of Directors of The Nethedand
Insurance Company, dated April 28. 1988, my name and affix the seal of said Company. this ._.__.day of _ ~ -~--'
TESTIMONY WHEREOF. I hereuntO subscribe
President
Subscribed and Swam to before me this __ _day of __ ~ -- -'
.iff ....
.... · .,,~,,~,.,,,~
~/ tic
My Commission Expires March 18, 2003
N341-099 (51011