HomeMy WebLinkAboutOC1971-1181 - ESTATE OF UNITED PACIFIC INSURANCE COMPANY".,'<,c ",...
IN THE COURT OF COMMON,PLEAS OF ~~SHINGTON COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION
RE:APPLICATION OF
UNITED PACIFIC INSURANCE
/FOR APPROVAL AS SURETY
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COMPANY)
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NO.--!-1_1_'9"=--..i/~_of 1971
PET I T'I 0 N
TO,THE HONORABLE?VINCENT MARINO,PRESIDENT JUDGE OF SAID ORPHANS'
COURT,DIVISION:
Your Petitioner,UNITED PACIFIC INSURANCE COMPANY,hereby
makes application foi:approval as surety in your Honorable Court,and
respectfully represents as follows:
1.That it is a corporation organized and existing under
and pursuant to the laws of the State of Washington,and is authorized
under thelaw~and its'charter,inter alia,to become surety on all bonds
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and 'undertakings,and in particular is licensed by the Commonwealth of
Pli!nnsylvanla to solicit"inter alia,surety insurance business.And
further that it has complied with all requirements of the Insurance
Department of theCo~monwealth of Pennsylvania,as well as with the
requiremen~s of the laws of this Commonwealth applicable to such company
in doing ,business herein,as evidenced by certificate of the Insurance
Department,a'copy of which is attached hereto,matle a part hereof,
and marked'Exhibit'''A''.
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"~,'2~'"Thattii'e ~bme office of your Petitioner is No.728 St
'...~...-,..,,'"'.......;,.:~"'.-.,::,",Reiens :'Ayenue''c't,",,',in the City of Tacoma,State of Washington,
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and'thatits Pennsylvania registered Office is 16th floor,No.'+Penn
,.:~,:h~",~c'eB~eip'laza,in:the~City of Philadelphia,State of Pennsylvania 19103,
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and 'that 'a'Stipulation by it has been executed agreeing that service of
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process in any proceedings arisingoDt of its acting as surety pursuant
to approval under'Rule of your HonoJ:'able Court,may be served upon it
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.y servin~~uch process upon the Clerk of this Court,and that such
\;ervi~e ~]{alLb'k;'e~~i~ialent to actual service upon such corporation,,.<..~J"~~~..\'.~.
our Petitioner herein.And that said Stipulation is hereto attached,
ade apart hereof,.and marked Exhibit "B";
3 ..That a copy of Petitioner's verified latest financial
statement as of the.31st day.of December,1970,is attached hereto,
ade a part hereof,and marked Exhibit "C".
WHEREFORE;your Petitioner prays'your Honorable Court to
approve it and authorize it to'become sole surety on bonds and other
undertakings required 'or permitted by law before and in your Honorable
Court.
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ATTEST:
(CORPORA;I'E SEAL')
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UNITED PACIFIC INSURANCE COMPANY
By;,::~{;;;:.~~~~~~;zr,,~---lTitleofOfficer)-~
Vice President
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STATE OF .)COUNTYO~~~SS:
William B.Dickinson,Jr.
according to law,deposes and says that he is
,being duly sworn
__V:L~!C'c!i.!e!L.____Pres ident
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of UN[TEDrPACIFIC INSURANCE COMPANY,the Petitioner herein,and makes
this affidavit on.its behalf having authority to do so,and that the
facfs set torth in'theforegoing Petition are true and correct.
Sworn to and subscribed before me
this yM day of Lank ),1971.
~~.
Notary P "iNotBryPUb'iC:,~,
My Commission Ex ~P la,Philadelphia Co
Pores Janua'Y26,'9L
My.Commission EXPires:..'-<oar Y;;1C{7d
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COMMONWEALTH or-PENNSYlVANiA
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11arrisburg.Pa..O.!:-tQbfl.r__'Z,_J.9-'tL _
T/UNITED PACIFIC INSURANCE COMPA}IY ,Whereas)the -.------------------------------------_.-----------.__-----~_____COllI.panj
lucated "t J~c:'2~L_1i~~_b,~J?g~_'!.':':_----------------.-- .has appointee!
The Inslt,ranccJ COli~missioner of Pennsylvania as its Attorney in this CommonlUea~h,on whom process oj law can be served,and filed in thl:S Dep~rtm,;.l1f,
a certified copy oj its charter and c detailed statement oj its Assets and Liabilities,and otherwisd complied with the Tcqltirements oj Sectic,n 661 of the Act
of Assembly oj the Commonwealth 0/Pennsylvania~entitled '~An act relating to ins~:rance;amending revising and consolidaJing the Law &c."approved
the 17th day of l~la)',A.D.1921,as well as with the requirements oj the lW/IS of this Commonwealth applicable to such company in doing bnsil1Css
h.erei-;~.
1\1 .,'T',"..J :HERBERT S.DEi.'El~BERG 1 C·'i th C·I}.p..'.J ' •uw ne.c/;)r<;.,.,--------------------------------------,nsurance o17un~ss1.oner OJ e ommonzv a t 1,ot C,1.7,.sywarna,(..0 nerc.-
b:y certify,.in accordance with Section 1,of the Act oj Assembly approved June 29,1923 and known as act No.373 of the Laws of 1923,that
the ~r~~!~_~_~~~~f!9__~~~~9~__~'2~p_~~y of J~~'2~J__~~~_~~§~-~~-------_
is rill-ly ltuthorized to become and be accepted as sale surety on all bonds,ll,mlertctl;;ings and obligations required or permitted by law or the ordinances,
rules or regulations oj anyofHltnicipalit')',board,body,organization,OT public officer.
In Witness Vlhercof,I have hereunto set my hand and affixed my
o!Jicial seal,the day and year first above written.
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Insurance Commissioflcr
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~rSTIPULATION
~~EREAS,one of the requirements as a ,prerequisite to becoming
approved as surety in.matters in the Orphans'Court Division of the Court
of Common Pleas of Washington County,Pennsylvania,where the applicant's
home office is outside of Washington County,Pennsylvania,is theacceptan e
of service of process upon it through service of said process upon the
Clerk of said Court~which requirement is laid down in the Rules of
Practice in the Orphans'Court Division of the Court of Common Pleas of
\<!ashington County,Pennsylvania,(Rule 1 (h))of Section 1 of the
General Rules),effective December 3,1951;
AND ~~EREAS,United Pacific Insurance Company,a corporation
of,the State of Washington,with its home office at No.728 St.
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_H~el~e~n=s~A~v~e=n~u=e ,in the City of Tacoma,State of Washington,is
,
desirous of'soLicitingbusiness and'of offering its services involving
becoming surety in,matters before said Court.
NOW THEREFORE,IT IS HEREBY STIPULATED that service'of proces
maybe made upon Unit~d Pacific Insurance Company by serving the process
on the Clerk of the.Orphans'Court of Washington County,Pennsylvania,an
that such service shall be equivalent to actual service upon$id
corporation,in any,p~oceeding arising out of its acting as surety in
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matters in the Orphans'Court ,Division of the Court of Common Pleas of
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Washington:County',:\P,enrisylvlmia."'~'~"\;;..""..1.-,7 '
IN.WITNESS WHEREOF,
:;':~'''')""'i/"'~;~.to De signed-byiits';;'J Vice
said corporation has caused these present
President and its corporate seal to be
her"!by affixed,du.1y attested by its _'_'__..I'ALliSlJjSu,i..llS.l<ta.a.nILtu.,_
__2=:4~t""h!...-__day of ""N"'ov"'em=b""e""r , 19 71 •
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Secretary,this
ATTEST:
~..rif1f/r.'~.,.",".~="'"'TorY,
UNITED PACIFIC INSURANCE COMPANY
EXHIRIT "B".Page r of 2 Pages
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acific Insurance Company,who,after"being duly sworn according to
ereby acknowledges that the foregoing Stipulation is the act and deed
,1971,
Vice
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day of JG~
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me,the undersigned authority,personally appeared William B.
Dickinson,Jr.
,.aw,states that he is authorized to make '·this acknowledgement and
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of United Pacific Insurance Company and that he executed the foregoing
Stipulation for the purposes therein contained.
IN WITNESS ~~EREOF,I hereunto set my hand and official seal.
My Commission Expires:
Notar ub ic
Notary Public,Philadel .My Commission E .pfua.Philad.f"hl.eO
XPlres January 26,1974'
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EXH IT TTBn"IBPage2 of ~Pages
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UNITED PACIFIC INSURANCE COMPANY
BALANCE SHEET
(Statutory Basis)
December 31,1970
ASSETS
Cash and Bank Deposits
Bonds -Amortized or Investment Value
Preferred Stocks -Convention Value
Common Stocks -Convention Value
Stocks -Non-Consolidated Affiliates
First Mortgage Loans on Real Estate
Premium Balances (under 90 days)
Accrued Interest
Office Properties Owned
Other Assets
TOTAL ADMITTED ASSETS
LIABILITIES
Losses and Loss Adjustment Expense
Unearned Premiums
Federal and Foreign Income Taxes
Other Taxes
Other Liabilities
TOTAL LIABILITIES
CAPITAL AND SURPLUS
Common
Surplus
TOTAL POLICYHOLDERS'SURPLUS
TOTAL LIABILITIES,CAPITAL AND SURPLUS
AFFIDAVIT
$5,170,207
30,940,732
945,589
19,209,383
6,017,895
420,199
1,384,367
5,684,334
$69,772,706
18,856,632
24,084,653
65,000
713,367
4,608,054
48,327,706
3,050,140
18,394,860
21,445,000
$69,772,706
STATE OF WASHINGTON)
COUNTY OF PIERCE)
ss.
HOWARD M.NIMMONS,being duly sworn,on oath deposes and says:That he is
the Executive Vice President of UNITED PACIFIC INSURANCE COMPANY;that the
above statement is to the best of his knowledge and belief,a true statement
of the Assets and Liabilities of United Pacific Insurance Company as of
December 31,1970.
ATTEST:
Executive Vice President
Subscribed and sworn to before me this 9th day of February,1971.
(~ce.~Ckhk:,Notary Public in and for the State
of Washington,residing at Tacoma
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EXHIBIT "C"
Page 1 of 1 Page
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION
.RE:APPLICATION OF )
)
UNITED PACIFIC INSURANCE COMPANY )
)
FOR APPROVAL AS SURETY )
NO._.:....1.:..../_~..:-/_of 1971
AND NOW,this
DECREE------
30 ~day of -da/e:v....J....0/,1971,
,
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•"-"S •..;.,_"'.-".~.,'\_','"t~e:Peti;tiori ..o(llni ted :Pacific Insurance Company,a Washington
corporation,for.approval as Surety in all matters in the Orphans'Court
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of Wa!3hington Co.unty",j1avingbeen presented to the Court and the Court
,.having ,considered the same,it is hereby Ordered and Decreed that the
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,praye(;of(,the'tPe!.iti§n be granted and that United Pacific Insurance
Company,a Corporation of the State of Washington,is hereby approved
as Surety on Bonds to be filed in this Court for a period of three
years from the date of this approval unless sooner revoked by the
Court;provided,hlOJwever,that the said Company shall file annually
with the Clerk,on or·before the first Monday of January in each
succeeding year!a duly authenticated copy of its latest financial
statement,together with a statement,verified by the oath or affirmation
of .an executive officer of such corporation,that it is,at time of
filing of such statement,qualified to continue to act in that capacity.
By the Court,