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DEPARTMENT OF THE TREASURY <br />BUREAU OF THE FISCAL SERVICE <br />WASHINGTON, DC 20227 <br />Mr. Dino E. Robusto, President <br />Western Surety Company <br />151 N. Franklin St. <br />Chicago, IL 60606 <br />Dear Mr. Robusto; <br />Your Company's Certificate of Authority to qualify as an acceptable surety and/or reinsurer on Federal <br />bonds is hereby renewed and will remain in effect until June 30, 2019, unless revoked prior to that date. <br />On the basis of our review of the Company's Annual Financial Statement as of the close of the last <br />calendar year, the following underwriting limitation has been established, effective July 1, 2018, under <br />the renewed Certificate: <br />POLICYHOLDERS' SURPLUS at December 31, 2017......... ..,.........$1,527,220,637 <br />DEDUCTIONS (See Attached) .................................................. $7,642,527 <br />ADJUSTED POLICYHOLDERS' SURPLUS... .... ..... —.31,519,5783 10 <br />UNDERWRITING LIMITATION................................................$151,958,000 <br />We are following the practice of making no deductions from policyholders' surplus reported where the <br />amount of adjustment (e.g., for unauthorized reinsurance, inadequate loss reserves, etc.) would have a <br />nominal effect on the surplus and where it has been determined that the Company is solvent per <br />Treasury's guidelines. This practice facilitates the review work and should not be interpreted as changing <br />or nullifying applicable Treasury requirements. <br />The list of approved sureties (Circular 570) is available on our website at <br />�rv.lAsc,�11a1iaslir.�owflsi°e,'tsiret"s�ircl°1�i1d,�u►t h�i��c.ite�1. Please disseminate this informationto <br />your associates, agents, reinsurers and even Government agencies whenever possible. <br />If you wish to comment on the underwriting limitation established, please contact Pratibha Goel at <br />(202) 874-7102, immediately. <br />Enclosure <br />Sincerely, <br />Digitally signed by Melvin H. <br />Melvin H. Saunders sanders <br />Date: 2018.07.10 09:10:42-04'00' <br />Melvin Saunders <br />Manager <br />Surety Bond Branch <br />SURETY BOND SECTIO ROADN -- 6515 BELCREST -- RM. 345 <br />HYATTSVILLE, MD 20782 — FAX: (202) 874-9978 <br />INTERNET ADDRESS %vew av�Blc��.igek� �� per�gpat�u Ir" gunirlo��9NaA°� r ��croua.hb�v�� <br />