HomeMy WebLinkAbout11-4258?NO Pq9 ?IV1'
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COMMONWEALTH OF PENNSYLVANIA
OFINSURANCE DEPARTMENT
Harrisburg, PA April 1, 2011
Whereas, the TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, located at
Hartford, CT, 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, Michael Consedine, Acting 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 Travelers Casualty and Surety Company of
America, of Hartford, CT, is duly authorized to become and be accepted as sole surety on all LZnda?
undertakings and obligations required or permitted by law or the ordinances rules or re ul
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municipality, board, body, organization, or public officer.
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In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
Acting Insurance Commissioner
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TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA
HARTFORD, CONNECTICUT 06183
FINANCIAL STATEMENT AS OF DECEMBER 31, 2010
CAPITAL STOCK $ 6,460,000
CASH AND INVESTED CASH
BONDS S 40,788,176 UNEARNED PREMIUMS $ 813
054
297
INVESTMENT INCOME DUE AND ACCRUED 3,817,487,280
53,309,217 LOSSES
REINSURANCE PAYABLE ON PAID LOSSES t LOSS ADJ
EXPENSES ,
,
920,220,402
PREMIUM BALANCES
NET DEFERRED TAX ASSET
179,028,702 .
LOSS ADJUSTMENT EXPENSES 2,528,742
477,495,945
REINSURANCE RECOVERABLE 67,793.379
28,960,685 COMMISSIONS
TAXES
LICENSES AND FEES 31,967,828
RECEIVABLES FROM PARENT, SUBSIDIARIES AND AFFILIATES
34,025,880 .
OTHER EXPENSES 53,79.869
SECURITIES LENDING REINVESTED COLLATERAL ASSETS
11,844,000
FUNDS HELD UNDER REINSURANCE TREATIES 34,523,822
UNDISTRIBUTED PAYMENTS
OTHER ASSETS
4,507.658
CURRENT FEDERAL AND FOREIGN INCOME TAXES 96,187,983
3,320,537
513.768 REMITTANCES AND ITEMS NOT ALLOCATED 9,428,732
AMOUNTS WITHHELD I RETAINED BY COMPANY FOR OTHERS 25,591,395
RETROACTIVE REINSURANCE RESERVE ASSUMED 3289,079
POLICYHOLDER DIVIDENDS 7,479,605
PROVISION FOR REINSURANCE 5,357,627
PAYABLE FOR SECURITIES LENDING 11,644
000
CEDED REINSURANCE' NET PREMIUMS PAYABLE ,
(WQSN,527)
OTHER ACCRUED EXPENSES AND LIABILITIES 1083,975
TOTAL LIABILITIES $ 2.438,034,011
CAPITAL STOCK $ 6,480.000
PAID IN SURPLUS 433,803,760
OTHER SURPLUS 1,381.940
752
TOTAL SURPLUS TO POLICYHOLDERS ,
$ 1.802 224 512
TOTAL ASSETS S 41238.258.523
?I I?rllliYim? TOTAL LIABILITIES 8 SURPLUS 1 4,238,258,523
STATE OF CONNECTICUT }
COUNTY OF HARTFORD )Ss.
CITY OF HARTFORD 3
MICHAEL J. DOODY. BEING DULY SWORN, SAYS THAT HE IS SECOND VICE PRESIDENT, OF TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA,
AND THAT TO THE BEST OF HIS KNOWLEDGE AND BELIEF, THE FOREGOING IS A TRUE AND CORRECT STATEMENT OF THE FINANCIAL CONDITION OF SAID
COMPANY AS OF THE 31ST DAY OF DECEMBER, 2010.
SUBSCRIBED AND SWORN TO BEFORE ME THIS
15TH DAY OF APRIL, 2011
SECOND VICE PRESIDENT
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NOTARY PUBLIC
SUSAN M. WEISSLEDER
Notary Public
My Commission Expires November 30, 2012