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HomeMy WebLinkAbout01-5519 S~~~~~A ~O/~[j-5/9 ~ S <'Ii 001054{~ No. V I ONLY VALID IF NUMBERED IN RED I 160WATER ST., NEW YORK, NY 10038 QUALIFYING POWER OF ATTORNEY Valid in Cumberland County only KNOW ALL MEN BY THESE PRESENTS: That SENECA INSURANCE COMPANY, INC., a corporation of the State of New York, does hereby make, constitute and appoint: William Colello its true and lawful attorney-in-fact with full power and authority, for and on behalf of the Company as surety, to execute and deliver and affix the seal of the Company thereto, if a seal is required, on all documents necessary or incidental to the execution of bail bonds not exceeding $***500,000*** per bond. The execution of a bail bond by said attorney-in-fact shall be binding upon tbis Company as if such bond has been executed and acknowledged by the regularly elected officers of this Company. SENECA INSURANCE COMPANY, INC. certifies that this appointment is made in accordance with a resolution of the Board of Directors of SENECA INSURANCE COMPANY, INC., by unanimous written consent dated January I, 1998, a true and exact copy of which follows: The Company authorizes the President, Executive Vice Presidents, Senior Vice Presidents, and Secretary to appoint attorneys-in-fact or agents who shall have the authority to issue bail bonds in the name of the Company. The signature of any of these authorized Company officers and the Company seal may be affixed by facsimile to a qualifying power of attorney for the execution of a bail bond. The facsimile signature and seal used in this manner is hereby adopted by the Company as the original and, therefore, is binding upon the Company with the same force and effect as though manually affixed. IN WITNESS WHEREOF, SENECA INSURANCE COMPANY, INC., has caused this document to be signed by its duly authorized officer and its corporate seal to be hereunto affixed this 1st day of January, 7Dc]c] SENECA INSURANCE COMPANY, INC. 0.\\\\\\IIII11/!/l/1t~ Qualifying Power only, n~t to h.e ,@'~~.,.MCEG'~ attached to any Bond. Vahd only If ;g! SEAL ~'" individual Power of Attorney is ,~, +...~mA- ;, ~""J> "nO"~ <') $if By: attached to each Bond executed. ~ .. >>.~ YlIIIIIIIII\I\\1 Marc T.A. Wolin, Secretary State of New York Borough of Manhattan NOTARY PUBLIC Notary Expiration Date LANCELOT L. THOMAS Notary Public, State of New York No. 24.4943150 . O~aIlTlOa rn Kmgs County CommISSion Ex,ires Ot:(cber 17, 2~""""""'" , by, Marc T.A. Wolin, corporation. The foregoing instrument was acknowledged before me this 1st day of January, " Secretary, of SENECA INSURANCE COMPANY, INC., a New York Corporatio Not Lance Thomas Print Name SENQP122.0198 COURT COPY .;... (") C} C) C I: s:: V") -0 CD ,.." mr'f-, -U :1-' Z""";-' ~.' "-., ::2:C;; (;-] (/) ~-~,: .i..: -<~ ,..~.~ ~c; 5~ " ~-;! 2::-""'C; '-"-C-, ~8 W ;~fTj ::2: -,., :5S =< '0 -< COMMONWEAL TH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April 1, 2001 Whereas, the SENECA INSURANCE COMPANY, located at New York, N. Y., 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 I, of the Act of Assembly approved June 29, 1923 and known as act No. 373 of the Laws of 1923, that the Seneca Insurance Company, of New York, N.Y., 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. . . ,,\ lJ} .A'A ' \ '\ ..- .... ...;., ' . :,\~_.' _ 'r...~.. 1'1 },_;. , ,,-"- .;~_';;' '~2' > '. t'r~ ~ . /"I~l\ '\ ".;:" :'. .:1 # ..!.~'."J< "';.,/"J" 6 :11.....~td. -;.r-~.' 'i n fff...:'#-'\ '. ~... o VI' Y' .,. : ~, ,\ (]. . '! . '- . ~,''''. : ~"" Co.\\.\\{~,'\.f" - '<> '" . ~~r IJ,c ' . V(i'... /~..., ;. ~iL ......-. ,~. . lit/ill! ti~"\ . In Witness Whereof, I have hereunto set my hand and affixed my official seal, the day and year first above written. ~.~~cJ(~ Insurance Commissioner o ~; -ot? IT1C:', Z..,. Zt,.. ~:~~ 1.2:\:-.: ~t~'} Pc. 2-.': =< c:: (/) c-" -0 ;--...,) .j::.:" 2'~ >...C '0 1~~~~~~~~II~~~~~~~~~~~m~ o 0 0 0 1 0 9 J I) 2 0 0 0 2 0 1 0 0 1 0 0 PROPERTY AND CASUALTY COMPANIES-ASSOCIATION EDITION ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2000 OF THE CONDITION AND AFFAIRS OF THE SENECA INSURANCE COMPANY, INC. NA1C Group Code 0158 (CurrenIPe'lod) 1271 (ProorPellod) NAIC Company Code 10936 Employer's ID Number 13-2941133 Organized under the Laws of the Slate of New York . using Incorporated Statutory Home Office 03/29/1978 Commenced Business as the Port of Entry, 07/01/1978 160 Water Street (Slreel and Number) New York, NY 10038~4922 (Cily or Town, Slale and Zip Code) Main Administrative Office 160 Water Street (Slreet and Number) New York, NY 10038-4922 (Cily or Town, Stale and Zip Code) 212-344-3000 (Area Code) (Telephone Number) Mail Address 160 Water Street (Slreel and Number or P.O Box) New York, NY 10038-4922 (C,ty or Town, Slale and Zip Code) New York, NY 10036-4922 (Clly or Town, Slate and Zip Code) 160 Water Street (Street and Number) 212-344-3000 (AfeaCode) (Telephone Number) Primary Location of Books and Records Annual Statement Contact Vincent I. Maida (Name) 212-344-3000 (Afea Code) (Tetephone Number) (Exlenslon) 212-344-4567 (FAX Number) vmaida@senecainsurance.com (E-mail Address) OFFICERS President Treasurer Douglas M Libby Marc Todd Andrew Wolin Secretary Marc Todd Andrew Wolin David Wiles Bishop Raymond Dawid Ahmed Kamal Ibrahim Ellen Caramore O'Connor Chris Ivan Stormo VICE PRESIDENTS Robert Philip Blaunstein Frank Vincent Donahue Jr. James Kramer Robert Willard Rhoades Marc Todd Andrew Wolin Thomas Wesley Cochran Jr. # Melvin Georqe Funk Jr Keith McCarthy John Irvinq Rich Jr, Nikolas Antonopoulos # Harvey Childs Dennis James Hammer # Gary Stuart Resman # Frances Avignone Smith # DIRECTORS OR TRUSTEES Andrew Acheson Barnard # Peter James Daly # Albert Benjamin Lewis Mary Jane Robertson # Marc Todd Andrew Wolin Joseph Francis Braunstein Jr. # Bruce Adam Esselborn # Douglas M Libby Francis Warren Rode # State of New York } ss County of New York The officers of this company, being duly sworn, each depose and say that they are the described officers of the said insurer, and that on the thirty-first day of December last, all of the herein described assets were the absolute property of the said insurer, free and clear from any liens or claims thereon, except as herein stated, and that this annual statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to are a full and true statement of all the assets and liabilities and of the condition and affairs of the said insurer as of the thirty-first day of December last, and of its income and deductions therefrom for the year ended on that date, and have been completed in accordance with the NAIC annual statement instructions and accounting practices and procedures manuals except to the extent that: (1) stale law may differ; or, (2) that slate rules or regulations require differences in reporting not related to a counting practices and procedures, accor ing to the best of their information, knowledge and belief, resp lively. Marc Todd Andrew Wolin Secretary Marc Todd Andrew Wolin Treasurer ~_n__ _-:. a, Is this an original filing? Yes { X J No f b. If no, 1. State the amendment number 2. Date filed 3. Number of pages allached I:ANCELOT L. THOMAS Notary Public, Stale of New YorIl No. 24-4943150 Qualified In Klnga County Commission expires October 17, 2002 ANNUAL STATEMENT FOR THE YEAR 2000 OF THE SENECA INSURANCE COMPANY, INC. ,. Bonds (less $ ) liability for asset transfers with put options. Schedule D, Part 1) 2. Stocks: 2.1 Prererred slocks (Schedule 0, Part 2, Section 1) 2.2 Common stocks (Schedule D, Part 2, Section 2) 3. Mortgage loans on real estate (Schedule B)" 3.1 Firslliens 3.2 Other than first liens 4. Real estate: (Schedule A): 4.1 Properties occupied by the company (less $ encumbrances) 4.2 Other properties (less $ encumbrances) 5. Cash ($ 3,199,805 Schedule E. Part 1) and short-term investments ($ 11.455,470 Schedule OA, Part 1) 6 Other invested assets (Schedule SA) 7. Receivable for securities 8. Aggregate write-ins for invested assets 9. Subtotals, cash and invested assets (lines 110 B) 10. Agents' balances or uncollected premiums (net as to commissions and dividends): 10.1 Premiums and agents' balances in course of collection (after deducting ceded reinsurance balances payable of ($ 715,672 ) 10.2 Premiums, agents' balances and installments booked but deferred and not yet due (after deducting ceded reinsurance balances payable of $ $ 4,878.431 ) (Including earned butunbilled premiums) 10.3 Accrued retrospective premiums (after deducting ceded reinsurance balances payable of $ I 11. Funds held by or deposited with reinsured companies 12. Bills receivable, taken for premiums 13. Reinsurance recoverables on loss and loss adjustment expense payments (Schedule F, Part 3, Cols. 2 and 3) 14. Federal income tax recoverable and interest thereon 14A. Guaranty funds receivable or on deposit 15. Electronic'data processing equipment 16. Interest, dividends and real estate income due and accrued 17. Receivable from parent, subsidiaries and affiliates 18. Equities and deposits in pools and associations 19. Amounts receivable relating \0 uninsured accident and health plans 20. Other assets nonadmitted (Exhibit 1) 21. Aggregate write-ins for other than invested assets 22. TOTALS (Lines 9throuoh 21\ DETAILS OF WRITE.INS 0801. 080L. 0803. 0898. Summary of remaining write.ins for Line 8 from overflow page Totals (Lines 0801thru 0803 plus 0898) (Line 8 above' 0899. 2101. 2102. 2103. 2198. Miscellaneous Receivables 2199 Summary of remaining write.ins for Line 21 from overflow page Totals (Lines 2101thru 2103 plus 21gB) (Line 21 above' ASSETS \ ledger Assets 74.117,055 16.857,516 14.655,275 6.602 105.636.448 639.646 4.628.269 7.658.517 239.986 733.000 299.019 60,156 119,895.041 2 Non.Ledger Assets 60.156 60.156 Current Year 1.214.208 1.214.208 2 3 Assets Not Admitted 4 Net Admitted Assets '(CoIS 1 + 2 .'3\' 190.137 73,926.918 16,857.516 14,655,275 6.602 190,137 105.446.311 36.956 602.690 4,628.269 7,658.517 239.986 1,214,208 733,000 299,019 526.112 60.156 120.583,137 60.156 60.156 Prior Year 5 Net Admitted Assets 79.858,641 16,326,737 6.673,939 7,680 102.866,997 325,357 6.981.038 1,297.837 198,395 280,893 1.040,328 51 113,768 113.104.664 113,768 113.768 t1:"'.....t rr j T"i .'':" .~~. ~ :". ! "I-'toYl1", '", ",,:'~"'.~ . '. \:,I,"n\~ t"'e.,:,'itl~(";"" ..'~ '.,.1 i..fh."',;;,~"",''.i ". . . ";';1./0 "..'L' v......,. . '"'" "r~T)f' \'1 .t:'"~....~.,,,') '\'.:.-";~ 't.::' .':.::J\;~(.o-;(!"'1T.Qv "".." ,"\., ..,...........\00'". I ANNUAL STATEMENT FOR THE YEAR 2000 OF THE SENECA INSURANCE COMPANY, INC. LIABILITIES, SURPLUS AND OTHER FUNDS 3 Contingent commissions and other similar charges 4 Other expenses (excluding taxes, licenses and fees) 5. Taxes, licenses and fees (excluding federal and foreign income taxes) 6. Federal and foreign income taxes (excluding deferred taxes) 7. Borrowed money 1 2 CurrenlYear Prior Vear - 34.765.316 31.138.284 Column 2) 12,765,424 12.247,341 537,722 571,470 1,173,162 1.156.442 647,029 934.381 657,535 1, losses (Part 3A, line 32, Column 5) 1A. Reinsurance payable on paid (055 and loss adjustment expenses (Schedule F, Part " 2. Loss adjustment expenses (Part 3A, line 32, Column 6) 8. Interest, including $ on borrowed money 9. Unearned premiums (Part 2A, line 34, Column 5) (after deducting ceded reinsurance unearned premiums of $ 10. Dividends declared and unpaid: a. Stockholders b, Policyholders 11. Funds held by company under reinsurance treaties (Schedule F, ~art 3, Column 14) 12. Amounts withheld or retained by company for account of others 11.518.983 ) 19,634,862 20.005,068 13 Remittances and items not allocated 14. Provision for reinsurance (Schedule F, Part 7) 15 Excess of statutory reserves over statement reserves (Schedule P Interrogatories) 16 Net adjustments in assets and liabilities due to foreign exchange rates 17. Drafts outstanding 18. Payable to parent, subsidiaries and affiliates 19. Payable for securities 20. liability for amounts held under uninsured accident and health plans 112.749 43.809 118.387 113,383 598,185 139,146 387.000 21. Capital Noles $ 22. Aggregate write-ins for liabilities 23, Total liabilities (lines 1 through 22) 24, Aggregate write-ins for special surplus funds and interest thereon $ 28.422 71,038.793 86.477 66.822.801 25A. Common capital stock 258. Preferred capital stock 25C Aggregate write-ins for other than special surplus funds 26A. Surplus Notes 268. Gross paid in and contributed surplus 26C Unassigned funds (surplus) 260. Less treasury stock, at cost: 4,800.000 4.800.000 24.431.461 20.312,883 24.431.461 17.050,402 (1) (2) shares common {value included in line 25A $ shares preferred (value included in Line 258 $ 27 Surplus as regards policyholders (lines 24 to 26C, less 260) (Page 4, line 32) 28 TOTALS {Paae 2, Line 22, Cot 4\ DETAILS OF WRlTE.INS 2201. Miscellaneous PayabJes 2202. Fair Plan Uab; I ity 2203 49.544,344 120,583.137 46,281.863 113.104.664 28,269 153 50.398 36,079 2298. Summary of remaining write-ins for Line 22 from overflow page 2299 Totals /Lines 2201 thru 2203 nlus 22981 lLine 22 abovel 2401. 2402. 2403. 28422 86.477 2498. Summary of remaining write-ins for Line 24 from overflow page 2499, Totals (lines 2401 thru 2403 olus 24981 tline 24 abovel 25C01. 25C02. 25C03 25C98. Summary of remaining write-ins for line 25C from overflow page 25C99. Totals /Lines 25C01 thru 25C03 nlus 25C981 (line 25C abovel 3 ANNUAL STATEMENT FOR THE YEAR 2000 OF THE SENECA INSURANCE COMPANY, INC. 1 2 Current Year Prior Year UNDERWRITING INCOME ,. Premiums earned (Part 2, line 32. Column 4) 100.161.027 87.651,997 DEDUCTIONS 2. Losses incurred (Part 3, line 32. Column 7) 57.242,747 47.869.022 3. loss expenses incurred (Part 4, line 22, Column 1) 5.740,812 5.561.W6 4 Other underwriting expenses incurred (Part 4, line 22, Column 2) 37.393,270 33.587.751 5. Aggregate write-ins ror underwriting deductions 6. Total underwriting deductions (Lines 2 through 5) 100.376.829 87.017 ,979 7. Net underwriting gain or (loss) (Line 1 minus Line 6) (215.802) 634.018 INVESTMENT INCOME , Net investment income earned (Part 1, line 14) 5.060.001 5.137,003 9 Net realized capital gains or (losses) (Part lA, line 10) 13.126.643 /99.942 9A Net investment gain or (loss) (lines e + 9) 1.933,358 5.037.061 OTHER INCOME 10. Net gain or (loss) from agents' or premium balances charged off (amount recovered $ amount charged off $ ) 11 Finance and service charges not included in premiums 12. Aggregate write-ins for miscellaneous income 13 Total other income (Lines 10 through 12) 14. Net income before dividends to policyholders and before federal and foreign income taxes (lines 7 + 9A + 13) 1.717,556 5.671.079 14A. Dividends to pOlicyholders (Exhibit 2, line 16, Column 1 pluS Page 3, line 10b, Column 1 minus Column 2) 148. Net income, after dividends to pOlicyholders but before federal and foreign income taxes (Line 14 minus line 14A) 1.717.555 5.671.079 15 Federal and foreign income taxes incurred 319.779 815.245 16 Net income (line 148 minus line 15) (to Line 1B) 1.397.777 4,855.834 CAPITAL AND SURPLUS ACCOUNT 17. Surplus as regards policyholders, December 31 prior year (Page 4, line 32, Column 2) 46,281.863 41,419.799 GAINS AND (lOSSES) IN SURPLUS 1.. Net income (from line 16) 1.397.777 4.855.834 19. Ne! unrealized capital gaim\ or (losses) (Part 1A, line 11) 1.342,114 3,345 20 Change in nonadmitted assets (Exh\tlit " Line 6, Col. 3) 594.629 (54.W8) 21. Change in provision for reinsurance (Page 3, line 14, Column 2 minus Column 1) (459.039) 384.093 22. Change in foreign exchange adjustment 23. Change in excess of statutory reserves over statement reserves (Page 3, Line 15, Column 2 minus Column 1) 387,000 (327.000) 23A. Change in surplus notes 24. Capital changes: a. Paid in (Exhibit 2, line 6, Column 1) b, Transferred from surplus (Stock Dividend) c. Transferred to surplus 25. Surplus adjustments: a. Paid in (Exhibit 2, Line 7, Column 1) b. Transferred to capital (Stock Dividend) c. Transferred from capital 26. Net remittances from or (to) Home Office (Exhibit 2,line 4b minus Line 12b, Column 1) 27. Dividends to stockholders (cash) I 2.. Change in treasury slock (Page 3, Line 260 (1) and (2), Column 2 minus Column 1) 29 Extraordinary amounts of taxes for prior years 30. Aggregate write-ins for gains and losses in surplus 31. Change in surplus as regards policyholders for the year (Lines 1 B through 30) 3.262.481 4.862.064 32 Surolus as reoards oolicvholders, December 31 current vear (Lines 17 nlus Line 31\ {Pane 3. line 27\ 49,544.344 46.281.863 DETAILS OF WRITE.INS 0501. 0502 0503. 059B. Summary or remaining write-ins for line 5 from overflow page 0599. Tolals Clines 0501 Ihru 0503 olus 0598\ (line 5 above' 1201. 1202 1203. 129B. Summary 01 remaining wrile.ins for line 12 from overflow page 1299. Tolals (Lines 1201thru 1203 olus 1298\ lline 12 above\ 3001. 3002 3003. 3098. Summary of remaining write-ins for line 30 from overflow page 3099 Totals rlines 30011hru 3003 olliS 309B\ (line 30 abov~\. UNDERWRITING AND INVESTMENT EXHIBIT STATEMENT OF INCOME 4 ~ ~ -:---.! ~ - 0 - C' ~ ~ ~ ~ ~ (l) p 0 f f c~;. o (;. 'I) <Co,. ':''''1 -r; tn. '-'"0 Q) L, ~"J "'~:;: :' /: '-.-.. .,- ~.> ~2lj -"C ~?~:: .~ /...:. ~ ,0 - 'j ,,") "n . :.C'.' ~~'-'~I ~;::1 ..c.