HomeMy WebLinkAbout02-2236COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
7~. o~-~s~ ~ -~_
Harrisburg, PA April 1~ 2002
Whereas, the CONTINENTAL INSURANCE COMPANY, located at Concord, N.H., 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~ 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 Continental Insurance Company, of Concord, N.H., 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 officer.
In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
Insurance Commissioner
CNA INSURANCE COMPANIES
THE CONTINENTAL INSURANCE COMPANY
STATEMENT OF ASSETS AND LIABILITIES
December 31, 2001
ASSE[S:
Cash
Short-term investments (principally U.S. Government Obligations)
United States Government obligations
Other public bonds
Industrial and miscellaneous bonds
Preferred stocks
Common stocks of affiliated companies
Other common stocks
Real Estate
Premiums and agents' balances in course of collection
Premiums, a[~ents balances and installments booked but
deferred and not yet due
Accrued retrospective premiums
Accrued interest dividends and rents
Other Assets
Admitted Assets
LIABILITIES:
$ (8,326,562)
164,409,573
314,406,358
549,742,625
692,537,288
0
131,222,138
30,174,000
40,294,695
424,261,684
29,299,898
18,501,746
21,602,700
685,660~179
$ 3,093,786,322
Unearned premium reserve
Reserve for loss and loss adjustment expense
Reserve for taxes, licenses and fees (including federal income taxes)
Other Liabilities
Total Liabilities
SURPLUS:
$ 248,927,989
1,550,214,533
37,526,516
567~329,230
$ 2~403,998,268
Capital paid up ($5.00 par value)
Shares authorized: 10,713,272 issued: 10,713,272
Surplus
Surplus as Regards Policyholders
Total
$ 1,111,535,227
(421,747~173)
689t788t054
$ 3,093~786,322
Failure of items to add to totals shown is due to rounding.
State of Illinois )
) ss
County of Cook)
On this 10th day of April, 2002, before me came Lawrence J. Boysen and Jerry F. 51iwa, known
to me personally to be the Senior Vice President and the Assistant Vice President, respectively, of The
Continental Insurance Company being fully sworn, certify and attest that the foregoing statemement is true
and correct statement of the assets and liabilities of the said company as of the date shown in the statement.
, Jer~.FT'gliw~,~/~ssista nt~ Vice President
Notary Public
ce J. Boys'e~Senior Vi'ce President
"OFFICIAL SEAL"
LISA R. WOOD
· My Cemmi~aion Expires 8/9/03