HomeMy WebLinkAbout14-2280 Selective Insurance Company of America
SELECTIVE ® 40 Wantage Avenue
Branchville, New Jersey 07890
$I$.
973- 948 -3000 oc, PD Purr
(! 51a (01o103
STATEMENT OF FINANCIAL CONDITION i? 504ga5
I hereby certify that the following information is contained in the Annual Statement of Selective Insurance Company of
America ( "SICA ") to the New Jersey Department of Banking and Insurance as of December 31, 2013:
ADMITTED ASSETS (in thousands) LIABILITIES AND SURPLUS (in thousands)
Bonds $ 1,223,024 Reserve for losses and loss expenses $ 895,187
Preferred stocks at convention value 0 Reserve for unearned premiums 293,169
Provision for unauthorized
Common stocks at convention values 130,174 reinsurance 853
Subsidiary common stock at Commissions payable and
convention values 0 contingent commissions 20,314
Short-term investments 82,666 Other accrued expenses 19,390
Mortgage loans on real estate
(including collateral loans) 36,721 Other liabilities 258,668
Other invested assets 77,505 Total liabilities 1,487,581
Interest and dividends due or accrued 12,795
Premiums receivable 277,559 Surplus as regards policyholders 463,438
Other admitted assets 110,575
Total liabilities and surplus as
Total admitted assets 1.951,019 regards policyholders _ 1
I further certify that the following is a true and exact excerpt from Article VII, Section 1 of the By -Laws oG51C Avhicki, is
still valid and existing. j--_ _
M. -V f =�
The Chairman of the Board, President, Chief Executive Officer, any Executive Vice Presidellitl .::V
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any Senior Vice President or any Corporate Secretary may, from time to time, appoint attorne W r— :;- -- E)
in fact, and agents to act for and on behalf of the Corporation and they may give such appointee 2
such authority, as his/her certificate of authority may prescribe, to sign with the Corporations r-
name and seal with the Corporation's seal, bonds, recognizances, contracts of indemnity aim c) " t
other writings obligatory in the nature of a bond, recognizance or conditional undertaking, aid.a�
any of said Officers may, at any time, remove any such appointee and revoke the power and
authority given him/her.
IN WITNESS WHEREOF, I hereunto subscribe my name and a the seal f S this day �(Y
ci
c, SEAL �
Michael H. Lanza 1
SICA Corporate Secreta 19 26
STATE OF NEW JERSEY
:ss. Branchville
COUNTY OF SUSSEX
On this _aday of fC NO] 4, before me, the undersigned officer, personally appeared Michael H. Lanza, , ��op.��E
acknowledged himself to be the Corporate Secretary of SIC and '
and t e, as such Corporate Secretary, being:an idrizedd 0
to do, executed the foregoing instrument for the purposes therein nta , by signing the name of t corp&atibn * �� -M
himself as Corporate Secretary. - _
My Commission Expires: Charlene Kimble
Notary Public of New lemey 'L '' , ,
My Commission Expires 6121016
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COMMONWEALTH OF PENNSYLVANIA
o °
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2014
Whereas, the SELECTIVE INSURANCE COMPANY OF AMERICA, located at Branchville, N.J.,
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, Michael Consedine, 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 Selective Insurance Company of America,
of Branchville, N. J., is duly authorized to become and be accepted as sole surety on all bonds, undertakings
and obligations required or permitted by 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