HomeMy WebLinkAbout02-2840FIDELITY AND DEPOSIT COMPANY
OF MARYLAND
3910 KESWICK ROAD, BALTIMORE, MD 21203
Statement of Financial Condition
As Of December 31, 2001
ASSETS
Bonds ................................................................................................................................................ $ 99,071,779
Stocks ............................................................................................................................................... 44,680,194
Mortgage Loans ................................................................................................................................ 4,000,000
Cash in Banks and Offices and Short Term Investments ................................................................. 10,366,011
Premiums in Course of Collection (less than 90 days old) .............................................................. 0
Reinsurance and Other Accounts Receivable ................................................................................... 3,160,659
TOTAL ADMITTED ASSETS ......................................................................................................... $ 161,278,643
LIABILITIES, SURPLUS AND OTHER FUNDS
Reserve for Unearned Premium ....................................................................................................... $ 0
Reserve for Taxes and Expenses ...................................................................................................... 783,599
Miscellaneous ................................................................................................................................... 2,548,796
TOTAL LIABILITIES .................................................................................................................... $ 3,332,395
Capital Stock, Paid Up ........................................................................................ $ 5,000,000
Surplus ................................................................................................................. 152,946,248
Surplus as regards Policyholders ...................................................................................................... 157,946,248
TOTAL ........................................................................................................................................ $ 161,278,643
Securities carried at $22,289,949 in the above statement are deposited as required by law.
Securities carried on the basis prescribed by the National Association of Insurance Commissioners. On the basis of
December 31, 2001 market quotations for all bonds and stocks owned, the Company's total admitted assets would be
$161,978,380 and surplus as regards policyholders $158.645,986.
l, DAVID A. BOWERS, Vice President of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify
that the foregoing statement is a correct exhibit of the assets and liabilities of the said Company on the 31 st day of
December,
200
1.
~J~~ ~ I'ice President
State of lllinios }
City of Schaumburg SS:
Subscribed and sworn to. before me. a Notar5 PuNic of the State of Illinois. in the City ofSchaumburg h s 6 h day of February. 2002
,,OI=FICI~ SEAL"
'~LO G, S*~k~'~L~Y~q My commission expires February 24. 2004.
Nora-? Public, St~e of Illinois
~o/Commissiot~ Ea~_plres 02124!2004
COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1~ 2002
Whereas, the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, located at Baltimore, MD,
has filed in this Department a certified copy of its charier 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 Fidelity and Deposit Company of Maryland, of Baltimore, MD, 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