Who is the Secretary of the Arch Insurance Company certifying the Power of Attorney for 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. Shulman, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated April 7, 2023 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said Stephen C. Ruschak, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to the 2025 FDD, Regan A. Shulman is the Secretary of the Arch Insurance Company who certifies the Power of Attorney for Alloy. As Secretary, Shulman attests to the validity and accuracy of the Power of Attorney, confirming that it is a true copy and has been in full effect since its date of issue. Shulman also certifies that Stephen C. Ruschak, the Executive Vice President who executed the Power of Attorney, was duly elected at the time of execution.
This certification is crucial for Alloy franchisees because the Power of Attorney grants specific individuals the authority to act on behalf of Arch Insurance Company regarding bonds and undertakings. The document explicitly states that the Power of Attorney limits the actions of those named within it to the bonds and undertakings specifically outlined, meaning they cannot bind the company beyond what is stated in the document. This ensures that the insurance company is only liable for the specific bonds related to the Alloy franchise.
The document also provides contact information for claim inquiries, directing them to Arch Insurance - Surety Division in Philadelphia, PA. Additionally, it offers a method to verify the authenticity of the Power of Attorney by contacting Arch Insurance Company via email, which is a standard practice to prevent fraud and ensure that the document is legitimate. This verification process protects both Alloy and its franchisees by confirming the validity of the surety bond provided by Arch Insurance Company.