Under the 'Know All Persons By These Presents' section for Alloy, what is the principal administrative office location of the Arch Insurance Company?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City, New Jersey (hereinafter referred to as the "Company") does hereby appoint:
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, under the 'Know All Persons By These Presents' section, the principal administrative office of Arch Insurance Company is located in Jersey City, New Jersey. This section pertains to the appointment of Attorney(s) in Fact who are authorized to execute surety bonds on behalf of Arch Insurance Company.
This detail is relevant to prospective Alloy franchisees because it identifies the location from which Arch Insurance Company operates its administrative functions related to surety bonds. Surety bonds may be required for franchisees to ensure compliance with certain obligations, and knowing the administrative office location can be useful for official correspondence or verification purposes.
The document specifies that the Arch Insurance Company is a corporation organized under the laws of the State of Missouri. However, its principal administrative office is situated in New Jersey. This distinction is important for understanding the company's operational structure and legal standing.
The Power of Attorney granted under this section allows the appointed Attorney(s) in Fact to execute bonds, undertakings, recognizances, and other surety obligations, with a limit not exceeding $150,000,000.00. This indicates the scope and financial authority delegated by Arch Insurance Company to its representatives.