Who is the Attorney-in-Fact for Arch Insurance Company related to the Alloy franchise?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
r Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secretary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on August 31, 2022, and any such power so executed, sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the Company. In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7th day of April, 2023. gurance
CORPORATE
Attested and Certified
Regan A. Shulman, Secretary
STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS Arch Insurance Company
Stephen C. Ruschak, Executive Vice President
I, Michele Tripodi, a Notary Public, do hereby certify that Regan A. Shulman and Stephen C. Ruschak personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth.
Missouri
Commonwealth of Pennsylvania - Notary Seal MICHELE TRIPODI, Notary Public Philadelphia County My Commission Expires July 31, 2025 Commission Number 1168622
Michele Tripodi, Notary Public My commission expires 07/31/2025
CERTIFICATION
I, Regan A.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, Stephen C. Ruschak, as Executive Vice President of Arch Insurance Company, is identified as someone who executed the Power of Attorney. Regan A. Shulman, as Secretary of Arch Insurance Company, certifies the Power of Attorney's validity and confirms that Stephen C. Ruschak held the position of Executive Vice President at the time of execution.
For a prospective Alloy franchisee, this information is relevant if a surety bond is required, particularly in states like Maryland and Minnesota where financial assurances are mandated due to the franchisor's financial condition. The surety bond serves as a financial guarantee, and verifying the authenticity of the Power of Attorney ensures that the bond is legitimate and enforceable. Claim inquiries related to the bond should be sent to Arch Insurance - Surety Division in Philadelphia, PA.
The FDD emphasizes the importance of contacting Arch Insurance Company to verify the authenticity of the Power of Attorney associated with the surety bond. This verification process helps protect franchisees by ensuring that the financial assurances provided by Alloy are valid and that claims against the bond can be processed effectively. Franchisees should keep this information handy in case they need to make a claim against the bond or verify its legitimacy.