EX-25.3 10 y32307exv25w3.htm EX-25.3: STATEMENT OF ELIGIBILITY EX-25.3
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EXHIBIT 25.3
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
 
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
 
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)                     
 
THE BANK OF NEW YORK TRUST COMPANY, N. A.
(Exact name of trustee as specified in its charter)
         
(State of incorporation
  (I.R.S. employer
if not a national bank)
  identification No.)
 
       
 
  95-3571558
 
       
700 South Flower Street
       
Suite 500
       
Los Angeles, California
  90017
(Address of principal executive offices)
  (Zip Code)
 
THE CHUBB CORPORATION
(Exact name of obligor as specified in its charter)
     
New Jersey
  13-2595722
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification No.)
 
   
15 Mountain View Road
   
P.O. Box 1615
   
Warren, New Jersey
  07061-1615
(Address of principal executive offices)
  (Zip Code)
Senior Debt Securities
(Title of the indenture securities)
 
 
 

 


TABLE OF CONTENTS

Item 1. General Information.
Item 16.     List of Exhibits.
SIGNATURE
EXHIBIT 6
EXHIBIT 7


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Item 1.   General Information.
 
       
 
      Furnish the following information as to the trustee:
 
       
 
  (a)   Name and address of each examining or supervising authority to which it is subject.
 
       
 
      Comptroller of the Currency, United States Department of the Treasury, Washington, D.C. 20219
 
       
 
      Federal Reserve Bank, San Francisco, California 94105
 
       
 
      Federal Deposit Insurance Corporation, Washington, D.C. 20429
 
       
 
  (b)   Whether it is authorized to exercise corporate trust powers.
 
       
 
      Yes.
 
       
Item 2.   Affiliations with Obligor.
 
       
    If the Obligor is an affiliate of the trustee, describe each such affiliation.
 
       
    None.
Pursuant to General Instruction B of the Form T-1, no responses are included for Items 3-15 of this Form T-1 because the Obligor is not in default as provided under Item 13, and the Trustee is not a foreign trustee as provided under Item 15.
Item 16.     List of Exhibits.
     Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 of The Trust Indenture Act of 1939, as amended, and 17 C.F.R. 229.10(d).
     
     Exhibit 1.
  A copy of the Articles of Association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).
 
   
     Exhibit 2.
  A copy of the certificate of authority of The Bank of New York Trust Company, N.A. to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
 
   
     Exhibit 3.
  A copy of the authorization of The Bank of New York Trust Company, N.A. to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).
 
   
     Exhibit 4.
  A copy of the existing by-laws of The Bank of New York Trust Company, N.A. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).
 
   
     Exhibit 5.
  Not Applicable
 
   
     Exhibit 6.
  The consent of The Bank of New York Trust Company, N.A., required by Section 321 (b) of the Act.
 
   

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     Exhibit 7.
  A copy of the latest report of condition of The Bank of New York Trust Company, N.A., published pursuant to law or the requirements of its supervising or examining authority.
 
   
     Exhibit 8.
  Not Applicable
 
   
     Exhibit 9.
  Not Applicable

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SIGNATURE
     Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, of The Bank of New York Trust Company, National Association, organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 22nd day of March, 2007.
         
  The Bank of New York Trust Company, N. A.
 
 
  By:   /s/ Benita A. Vaughn    
    Benita A. Vaughn   
    Vice President   

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EXHIBIT 6
The consent of the Trustee required by Section 321 (b) of the Act
March 22, 2007
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
In connection with the qualification of an indenture between The Chubb Corporation and The Bank of New York Trust Company, N.A., as trustee, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the reports of examinations of the undersigned, made by Federal, State, Territorial, or District authorities authorized to make such examinations, may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
         
  The Bank of New York Trust Company, N. A.
 
 
  By:   /s/ Benita A. Vaughn    
    Name:   Benita A. Vaughn   
    Title:   Vice President   

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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.,
of 700 South Flower Street, Suite 200, Los Angeles, California 90017.
At the close of business December 31, 2006, published in accordance with Federal regulatory
authority instructions.
         
    Dollar Amounts
    in Thousands
ASSETS
       
 
       
Cash and balances due from depository institutions:
       
Noninterest-bearing balances and currency and coin
    10,020  
Interest-bearing balances
    0  
Securities:
       
Held-to-maturity securities
    56  
Available-for-sale securities
    64,801  
Federal funds sold and securities purchased under agreements to resell:
       
Federal funds sold
    49,900  
Securities purchased under agreements to resell
    40,000  
Loans and lease financing receivables:
       
Loans and leases held for sale
    0  
Loans and leases, net of unearned income
    0  
LESS: Allowance for loan and lease losses
    0  
Loans and leases, net of unearned income and allowance
    0  
Trading assets
    0  
Premises and fixed assets (including capitalized leases)
    5,051  
Other real estate owned
    0  
Investments in unconsolidated subsidiaries and associated companies
    0  
Not applicable Intangible assets:
       
Goodwill
    889,415  
Other Intangible Assets
    277,086  
Other assets
    113,348  
 
     
Total assets
  $ 1,449,677  
 
     

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LIABILITIES
       
 
       
Deposits:
       
In domestic offices
    2,517  
Noninterest-bearing
    2,517  
Interest-bearing
    0  
Not applicable
       
Federal funds purchased and securities sold under agreements to repurchase:
       
Federal funds purchased
    0  
Securities sold under agreements to repurchase
    0  
Trading liabilities
    0  
Other borrowed money:
       
(includes mortgage indebtedness and obligations under capitalized leases)
    58,000  
Not applicable
       
Not applicable
       
Subordinated notes and debentures
    0  
Other liabilities
    127,233  
Total liabilities
    187,750  
 
     
Minority interest in consolidated subsidiaries
    0  
 
       
EQUITY CAPITAL
       
 
       
Perpetual preferred stock and related surplus
    0  
Common stock
    1,000  
Surplus (exclude all surplus related to preferred stock)
    1,121,520  
Retained earnings
    139,524  
Accumulated other comprehensive income
    –117  
Other equity capital components
    0  
Total equity capital
    1,261,927  
 
     
Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)
    1,449,677  
 
     
     I, William J. Winkelmann, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.
             
     William J. Winkelmann
    )     Vice President

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     We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.
             
     Michael K. Klugman, President
    )      
     Michael F. McFadden, MD
    )     Directors (Trustees)
     Frank P. Sulzberger, Vice President
    )      
     CH01/ 12504371.5

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