HomeMy WebLinkAbout02-2435 ~7~o. o.~.
COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April Iv 2002
Whereas, the VIGILANT INSURANCE COMPANY, located at New York, New York, has filed in this
Department a certified copy of its charter and a detailed statement of its Assets and Liabilities,
and otherwise complied with thc 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 berein.
Now Therefore, I, M. Diane Koken~ Insurance Commissioner of the Commonwealth of Pennsylvania, do
h~reby 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 Vigilant Insurance Company, of New York, New York, 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
VIGILANT INSURANCE COMPANY
STATEMENT OF ASSETS, LIABILITIES AND SURPLUS TO POLICYHOLDERS
StatutoPj Basis
DECEMBER 31, 2001
(in thousands of dollam)
ASSETS
Cash and Short Term Investments ............. $ 30,182
United States Government, State and
Municipal Bonds ...................................... 48,459
Other Bonds ............................................... 70,051
LIABILITIES
AND
SURPLUS TO POLICYHOLDERS
Outstanding Losses and Loss Expenses .....
Unearned Premiums ....................................
Reinsurance Premiums Payable ..................
Provision for Reinsurance ............................
Other Liabilities .............................................
59,717
17,356
64,292
6O2
39,264
TOTAL INVESTMENTS ........................... 148,692 TOTAL LIABILITIES ................................... 181,231
Investments in Affiliates .............................. 6,820
Premiums Receivable ................................. 87,902
Other Assets ...............................................4,464
Capital Stock ................................................ 4,500
Paid-In Surplus .............................................25,169
Unassigned Funds ....................................... 36,978
SURPLUS TO POLICYHOLDERS ............ 66,647
TOTAL ADMITTED ASSETS ...................... $ 247,878
TOTAL LIABILITIES AND SURPLUS
TO POLICYHOLDERS ........................... $ 247,878
Investments are valued in accordance with requirements of the National Association of Insurance Commissionem.
Investments valued at $7,668 are deposited with government authorities as required by law.
A CORRECT STATEMENT:
Karen A. Price
Notary Public State of New Jersey
No. 2231647
Commission Expires Oct. 28, :~[~n~
Assistant Secretary.em~fe?,.i~/.F-a~--'