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West Virginia Offices of the Insurance Commissioner 2009 Annual ...

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WEST VIRGINIA ESSENTIAL PROPERTY INSURANCE ASSOCIATION<br />

THE FAIR PLAN<br />

430 WALNUT STREET<br />

PHILADELPHIA, PA 19106-3698<br />

800-462-4972 215-629-8800<br />

DIRECT WRITTEN PREMIUMS<br />

ADMITTED<br />

MEMBERS<br />

ALLIED<br />

LIABILITIES<br />

FIRE<br />

TOTAL<br />

ASSETS<br />

EQUITY<br />

LINES<br />

$644,771 $644,771 $94,776 $432,021 $62,935 $494,956<br />

SURPLUS LINES REPORT (UNAUDITED)<br />

CALENDAR YEAR <strong>2009</strong><br />

Chapter 33, Article 12C <strong>of</strong> <strong>the</strong> <strong>West</strong> <strong>Virginia</strong> Code permits surplus lines licensees to procure insurance<br />

from an unlicensed company when it cannot, after diligent effort, be procured from any licensed<br />

company.<br />

Following is a comparison <strong>of</strong> <strong>the</strong> 2006 through <strong>2009</strong> surplus lines statistics:<br />

CALENDAR YEARS 2006 2007 2008 <strong>2009</strong><br />

Number <strong>of</strong> Licensed Brokers 559 776 850 943<br />

Written Premiums – Net $136,719,891 $132,426,138.48 $122,082,335.15 $121,622,862<br />

Total Tax Liability $5,527,154 $5,359,325.54 $4,973,966.89 $4,921,115<br />

DOMESTIC INSURANCE COMPANY EXAMINATIONS FILED<br />

JANUARY 1, <strong>2009</strong> TO DECEMBER 31, <strong>2009</strong><br />

COMPANY NAME<br />

PERIOD COVERED BY DATE EXAMINATION<br />

EXAMINATION<br />

REPORT ADOPTED<br />

Brickstreet Mutual Ins. Co. 01/01/2006 to 12/31/08 11/20/<strong>2009</strong><br />

Carelink Health Plans, Inc. 01/01/2003 to 12/31/2008 05/04/<strong>2009</strong><br />

Farmers and Mechanics Fire &<br />

Casualty Ins. Co.<br />

07/24/06 to 12/31/07 01/09/<strong>2009</strong><br />

Farmers and Mechanics Mutual<br />

Ins. Co. <strong>of</strong> WV<br />

01/01/2003 to 12/31/2007 01/08/<strong>2009</strong><br />

Patron’s Mutual Fire <strong>Insurance</strong><br />

Company<br />

01/01/2003 to 12/31/2007 06/10/<strong>2009</strong><br />

WV National Auto <strong>Insurance</strong><br />

Company<br />

01/01/2003 to 12/31/2007 06/22/<strong>2009</strong><br />

60

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