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HomeMy WebLinkAbout14-2988 2014 MAY 19 PM 2: 29 CUMBERLAND COUNTY PENNSYLVANIA 8 COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT CERTIFICATE OF AUTHORITY Casualty Effective Date: April 1,2012 SURETEC INSURANCE COMPANY NAIC NO. 10916 HAS COMPLIED WITH THE REQUIREMENTS OF THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA RELATING TO ADMISSION IN SAID COMMONWEALTH FOR THE PURPOSE OF TRANSACTING INSURANCE BUSINESS IN PENNSYLVANIA AND THAT THE ABOVE NAMED COMPANY IS HEREBY AUTHORIZED TO TRANSACT THE BUSINESS OF: Fidelity and Surety 40 P.S.s 382(c)(1) FOR THE YEAR ENDING MARCH 31,2013,IN ACCORDANCE WITH ITS CHARTER AND IN CONFORMITY WITH THE LAWS OF SAID COMMONWEALTH OF PENNSYLVANIA. IN WITNESS WHEREOF,I HAVE HEREUNTO SET MY Pic Q pqR HAND AND AFFIXED MY OFFICIAL SEAL, THE DATE AND YEAR FIRST ABOVE WRITTEN. CO a no c c a ��yh'�RtrHoFY��' MICHAEL CONSEDINE INSURANCE COMISSIONER oc) d, 915xP R#--B o6 oa-4 S U r eTe c SureTec Insurance Company 1330 Post Oak Blvd.,Suite 1100 Houston,TX.77056 FINANCIAL STATEMENT as of December 31,2013 Statutory Basis Bonds $ 118,018,874 Reserve for Losses and Loss Expense $ 11,280,068 Stocks 22,908,130 Reserve for Unearned Premiums 22,156,670 Cash&Short Term Investments 6,537,747 Other Liabilities 46,160,819 Agents Balances or Uncollected Premiums 5,166,313 TOTAL LIABILITIES 79,597,557 Other Admitted Assets 4,988,030 Capital Stock 5,000;000 Surplus 73,021,537 TOTAL POLICYHOLDERS SURPLUS 78,021,537 TOTAL LIABILITIES AND POLICYHOLDERS TOTAL ASSETS $ 157,619,094 SURPLUS $ 157,619,094 Bonds and stocks are valued in accordance with the basis adopted by the National Association of Insurance Commissioners. Securities carried in the above statement are deposited as required by law. CERTIFICATE David Alien Wisnoski,Treasurer,and Matthew Brent Beaty,Assistant Secretary,of the SureTec Insurance Company,being duly sworn each for himself,deposes and says that they are the above described officers of the said Company and that on the 31st day of December,2013,the Company actually possessed the assets set forth in the foregoing financial statement,except as hereinbefore indicated,and that the foregoing statement is a correct exhibit of such assets and liabilities of said Company on the 31st day of December,2013,according to the best of their information,knowledge and belief. Treasurer A sistant Secretary STATE OF TEXAS COUNTY OF HARRIS On this 25th day of March,2014,before me came the above named officers of SureTec Insurance Company to me Rnown to be the individuals and officers described herein,and acknowledge that they executed the foregoing instrument and affixed the seal of the corporation thereto by the authority of their office. Notary Public *.""I" a, -- e LINDA WHITE (- My Commission Expires October 14,2017