NATIONAL SURETY CO.
OCT 19 1900
On June 9, 1897, the Superintendent of Insurance in New York, Louis Payn authorized the National Surety Company to commence business with capital of $500,000. Interestingly, one of the directors of the company in 1897 was a man named Henry Payn. "Hey, I know what we can do guys, let's get a family member of the Super of Insurance and put him on the board! Then we'll get our license."