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COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April I. 2006
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 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, M. Diane Koken, 1nsurance 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 BranchviIle, N. J., 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 oflicer.
In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
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\. Insurance Commissioncr
Selective Insurance Company of America
Selective Way Insurance Company
40 Wantage Avenue
BranchviIle, New Jersey 07890
973-948-3000
STATEMENT OF FINANCIAL CONDITION
I hereby certify that the following statement of Selective Insurance Company of America is true as taken from the records
of said Company as of December 31, 2005.
ADMITfED ASSETS liABiliTiES AND SURPLUS
Bonds...............................................".....................$ 1,397.917 Reserve for losses and loss expenses........."..............$ 1.033.610
Preferred stocks-at convention values .............."...............38.582 Reserve for unearned prcmiums..,..................................380.358
Common stocks-at convention values ............................195.290 Provision for unauthorized reinsurance ....................",.......1.166
SubsidilUY common nock-at convemion values ...............23,961 Commissions payable and contingent commissions .........40.999
Short. term investments ................. ........ .............................7,383 Other accrued expenses ..................... ................ ...............35.838
Mortgage loans on real estate {including collatecalloans)..........O Other Liabilicieli.................".",.,......................,....,.,....,..uz.a2.l
Other invested assets .,.,.... ...... ................,.,.................... ...62,975 Tow Liabilitieli .........,. .".....,......................" .,.,..".......1 .619.862
Interest and dividends due or accrued.............,.....,..........17,840 Surplus as regards policyholders.........,..,...",..........,.......il2&ZQ
Premiums receivable..."......... ........................................312,173
Other admicced assets............
...83,411
(in thousands) ...................................................... ....$2.139.532 (in thousands) ....................................................,......$2, 139.532
I further certify that [he following is a true and exact excerpt from Article VII. Section 13 of the By-Laws of the Selective
Insurance Company of America which is still valid and existing.
"The Chairman of the Board, President, any Vice Presidents or the Secretary may. from time to time, appoint attorneys
in fact. and agents to act for and on behalf of the Company and they may give such appointee such authority, as his/her
certificate of authority may prescribe, to sign with the Company's name and seal with the Company's seal, bonds, recog-
nizances. contracts of indemnity and other writing obligatory in the nature of a bond, recognizance or conditional under-
taking, and 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 affix the
seal of said Company. this 7th day of February, 2006.
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Notary Public
My Commission Expires October 17. 2008
Vice President
CorponHe Secretary & Corporate Governance Officer
Subscribed and Sworn to me on this 7th day of February. 2006s.
B-99 (2106)
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