HomeMy WebLinkAbout02-1961COMMONWEALTH OF PENNSYLVAI~IA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2002
Whereas, the WESTERN SURETY COMPANY, located at Sioux Falls, SD, has ~led in this Department
a certified copy of its charter and a detailed statement of its Assets and Liabilities, and ~therwise complied with
the requirements of Section 661 of the Act of Assembly of the Commonwealth of Penn,,
act relating to insurance; amending, revising and consolidating the Law &c.," approved
A.D. 1921, as well as with the requirements of the laws of this Commonwealth applical:
doing business herein.
Now Therefore, I, M. Diane Koken2 Insurance Commissioner of the Commonweal
hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29,
No. 373 of the Laws of 1923, that the Western Surety Company, of Sioux Falls, SD, i
become and be accepted as sole surety on all bonds, undertakings and Obligations requir
or the ordinances, roles or regulations of any municipality, board, body, organization, or
ylvania, entitled "An
the 17* day of May,
le to such company in
th of Pennsylvania, do
1923 and known as act
duly authorized to
d or permitted by law
>ublic'officer.
In Witness Whereof, I have hereunto s, :t my hand and
affixed my official seal, the day and yea; first above written.
Insurance Commissio her
WESTERN SURETY COMPANY
Sioux Fn!!.% South Dakota
Statement of Condition and Affnirs
December 31, 2001
ASSETS
Bonds
Stocks
Cash & short-term investments
Other invested assets
Agents balances or uncollected premiums
Reinsurance recoverable on loss payments
Electronic data Erocessing equipment and
operating sottware
Interest, diwdends and real estate income
due and accrued
Federal income tax recoverable
Other assets
Total Assets
LIABILITIES AND SURPLUS
Losses
Reinsurance payable on paid loss and loss
adjustment expenses
Loss adjustment expense
Contingent and other commissions payable
Other expense
Taxes, licenses and fees
Unearned premiums
Policyholders dividends declared and unpaid
Payable for securities
Retroactive reinsurance reserve assumed
Other liabilities
Total Liabilities
Surplus Account:
Capital paid up
Gross paid in & contributed surplus
Unassigned funds
Surplus as regards policyholders
Total Liabilities and Capital
$ 4,000,000
131,864,948
71,480,123
$4
$
$ 2(
$.__
I, Phil Lundy, Vice President and Treasurer of Western Surety Company
that the above is an exact copy of the financial statement of the Company
December 31, 2001 as filed with the various Insurance Departments and',
correct statement of the condition of the Western Surety Company as of
Subscribed and sworn to me this
My commission expires:
KATHRYN J. SCHROEDER
M)' Commir~ion Expires 7-21-2003
Western. Surety Compan3
day of ~_Jo x{ , 2002.
Notary Public 0
15,593,616
¢6,832,885
32,609,539
240,639
¢9,539,790
13,812,574
5,332,313
6,822,877
[4,309,358
4,019,177
75,658,806
6,182,637
t3,~5,323
9,774,000
~3,914,597
1,299,650
~7,335,995
347,826
0,406,507
~3,487,642
9,914,714
~1,767,697
~7,345,071
hereby certify
dated
s a tree and
~at date.
~er