ML17342B073

Forwards Endorsements 69 & 70 to Nelia Policy NF-227, Endorsements 86 & 87 to Nelia Policy NF-185,Endorsements 56 & 57 to Maelu Policy MF-88 & Endorsements 73 & 74 to Maelu Policy MF-55

ML17342B073
Person / Time
Site:	Saint Lucie, Turkey Point, 05000000
Issue date:	01/07/1988
From:	Pickerl H MARSH & MCLENNAN, INC.
To:	Dinitz I Office of Nuclear Reactor Regulation
References
NUDOCS 8801140119
Download: ML17342B073 (50)

Text

REGULA, Y INFORMATION DISTRIBUTI, ISYSTEM (RIDS)

ACCESSION NBR: 8801140119 DOC. DATE: 88/01/07 NOTARIZED: NO DOCKET 0 FACIL: 50-000 Generic Docket 05000000 50-250 Turkey Point Plant> Unit 3> Florida Poeer and Light C 05000250 50-335 St. Lucie Plant> Unit 1> Florida Power 5 Light Co. 05000335 AUTH. NAME AUTHOR AFFILIATION PICKERL> H. D. Marsh 5 McLennan> Inc.

RECIP. NAME RECIPIENT AFFILIATION DINITZ> I. Office of- Nuclear Reactor Regulation> Director (Post 870411

SUBJECT:

Forwards NELIA Endorsements including 69 5 70 to Policy NF 227> 87 to Policy NF-185 8c 9 to Certificates N-59> N-26 Zc N-25 5 Endorsement 7 to Certificate N-89. MAELU Endorsements 56 8c 57 to Policy MF-88 4 73 5 74 to Policy MF-55.

DISTRIBUTION CODE: NOOID TITLE: Insurance:

COPIES RECEIVED:LTR Indemnity/Endorsement f

Agreements ENCL Q SIZE:

NOTES:

RECIPIENT COPIES REC IP IENT COPIES ID CODE/MANE LTTR ENCL ID CODE/NAME LTTR ENCL INTERNAL: NRR/PMAS/PTSB 1 1 01 1 1 EXTERNAL: LPDR 2 2 NRC PDR 1 TOTAL NUMBER OF COPIES REGU 1 RED: LTTR 5 ENCL 5

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M gi M Nuclear Consultants 222 South Riverside Plaza Chicago, Illinois 60606 Telephone 312 648-6000 January 7, 1988 Mr. Ira Dinitz Director Office of Nuclear Reactor Regulation Mail Stop 128 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 RE: FLORIDA POWER & LIGHT COMPANY 1988 NUCLEAR LIABILITY INSURANCE

Dear Ira:

On behalf of Florida Power & Light Company, I am enclosing certified copies of the following nuclear liability insur-ance pol i cy endorsements:

~Facilit Pol i c No ~ Endorsement No.

St. Lucie NF-227 "69, 70 MF"88 56, 57 N-59 & 89 9 M-59 & 89 9 Turkey Point NF-185 86, 87 MF-55 73, 74 N-25 & 26 9 M"25 & 26 9 If you have any questions, please feel free to call.

Very truly yours Hanson D. Pickerl Assistant Vice President M&M Nuclear Consultants HDP/sp Enc.

cc: Mr. S. Reynolds Florida Power & Light Company Mr. W. A. Wegener - M&M Chicago 8801140119 80 PDR QQQCK pDR~

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Nuclear Energy LiabilityInsurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)

PREAMBLE

1. The insurance and rating plan presently used by Nuclear Energy Liability Insurance Association ("NELIA") and Mutual Atomic Energy Liability Underwriters ("MAELU") do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events;

2. NELIA and MAELU believe that the lack of such a distinc-tion will adversely affect their ability to continue to attract from world markets very large amounts of nuclear energy liability insurance for the nuclear industry; 3 ~ NELIA and MAELU want to avoid this potential loss of capacity and to continue to nuclear energy lia-bility insurance for workeis provide claims. Accordingly NELIA and MAELU desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

"this policy" means the policy of which this endorsement forms a part; "nuclear related employment" means all work performed at one or more than one nuclear facility in the United States of America or in connection with the transporta-tion of nuclear material to or from any such facility.

All of a worker's nuclear related employment shall be considered as having begun on the first day of such employment, regardless of the number of 'employers in-volved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; NE-64 (1/1/88) Page 1

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"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regul'atory Commission has determined to be an "extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.

2. APPLICATION OF THIS ENDORSEMENT This'ndorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.

3. EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.

4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:

IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made against the insured not later than the close

.of December 31, 1997.

5. AVAILABILITYOF SUPPLEMENTAL INSURANCE NELIA and MAELU are offering to make insurance under one or more Master Worker Policies available to all of Nuclear Energy Liability Policies (Facility Form).

holders THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY NELIA OR, MAELU AS THEY DEEM NECESSARY OR APPROPRIATE.

The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.

NE-,64 ( 1/1/88) Page 2

gI Page 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC- A WRITTEN REQUEST MUST BE SUBMITTED TO NELIA OR MAELU THROUGH REGULAR MARKET CHANNELS.

It this is understood and agreed endorsement shall that all of the provisions of remain in full force and effect without regard to this Section 5, and without ,regard to whether or not the Named Insureds become insureds under the Master Worker Policies, or whether or not NELIA or MAELU terminate such policies or withdraw or modify their offer to underwrite such policies.

Executed for the companies Date / By (Signa u e of Authorized Officer)

John L. uattrocchi Vice Presiden i b erwriting (Print or Type Name and Title of Officer)

Executed for the Named Insured Florida Power a Li ht Com an (Named Insured Print or Type)

Date Nov. 25 1987 By (Signature of Authorized David K. Baldwin Officer),

Grou Vi'ce President.

(Print or Type Name and Title of Officer) i the oriana) rt

'-- that this is a true co pynum b << nd beins made p gl'Ls is to certify t t e endorsemen, ii yP ) as des Pndorsement

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Punencan uclear lnsurers Effective Date of this Endorsement " ~NF.

12r01 A.M. Standard Time Issued to Florida P wer & Li ht Com a Date of Issue October 19 1987 For the subscribing companies B

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'General Manager Endorsement No 69 Countersigned by t-q:tkA.-

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N LEAR ENERGY LIABILITY INSURAii~E NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM CALENDAR YEAR 1988 ENDORSEMENT

1. ADVANCE PREMIUM: lt is agreed that the Advance Premium due the companies for the period designated above is:

704 159.00

2. STANDARD'REMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:

8 532 836.00 the ongtna his ts a true copy ot d part b er a dbe Endorsement having the th endorsemen num Liability PoBc~ aci I y h d ted hereon. bio I . ur ign,

resident-LiabiEty Underwriting Quattrocchi, ice John o

American Nuclear Insurers Effective Date of January 1, 1988 To form a part of Policy No, This Endorsement 12:01 A.M. Standard Time Issued to December 15, 1987 For the s cribing corn anies Date of Issue General Manager Endorsement No. 70 Countersigned by

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Nuclear Energy Liability Insurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS AMENDMENT OF COVERAGE ENDORSEMENT FOR, WORKERS CLAIMS (Facility Form)

PREAMBLE

1. The insurance and rating plan presently used by Mutual Atomic Energy Liability Underwriters ("MAELU") and Nuclear Energy Liability Insurance Association ("NELIA")

do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events;

2. MAELU and NELIA believe that the lack of such a dis-tinction will adversely affect their ability to continue to attract from world markets very large amounts of nuclear energy liability insurance for the nuclear

'ndustry;

3. MAELU and NELIA want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for workers claims. Accordingly MAELU and NELIA desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

, "this policy" means the policy of which this endorsement forms a part;,

>>nuclear related employment" means all work performed at one or more than one nuclear facility ,in the United States of America or in connection with the'ransporta-tion of nuclear material to or from any such facility.

All of a worker's nuclear related employment ,shall be considered as having begun on the first day of such employment, regardless of the number of employers involved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; ME-64 (1/1/88) Page 1

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>>workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker',s nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regulatory Commission has determined to be an'extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.

2. APPLICATION OF THIS ENDORSEMENT This endorsement, applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.

3. EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.

4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such 'nsurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:,

IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which writte'n claim is made against thh insured not later than the close of December 31, 1997.

5. AVAILABILITYOF SUPPLEMENTAL INSURANCE MAELU and NELIA are offering to make insurance under one or more Master Worker Policies available to all holder's of Nuclear Energy Liability Policies (Facility Form).

THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY MAELU OR NELIA AS THEY DEEM NECESSARY OR APPROPRIATE.

The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.

ME-64 (1/1/88) Page 2

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Page 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC- A WRITTEN REQUEST MUST BE SUBMITTED TO MAELU OR NELIA THROUGH REGULAR MARKET CHANNELS.

It this is understood and agreed endorsement shall that all of the provisions of remain in full force and effect without regard to this Section 5, and'ithout regard to whether or not the Named Insureds become insureds under the Master Worker Policies, 'or whether or not MAELU or NELIA terminate such policies or withdraw or modify their offer to underwrite such policies.

Executed for the companies Date By (Signature o Authori ed Officer)

John L. guattrocchi, Vice President-Liability Underwriting (Print or Type Name and Title of Officer)

Executed for the Named Insured Florida ower 6 Li ht Com a (Named Insured Print or Type)

Date Nov. 25 l987 By (Signature, of Authorized Officer)

David K. Baldwin Grou Vic P (Print or Type Name and Title of Officer)

This is to certify that this is a true copy of the original made part Endorsement having the endorsement number and being Liability Policy (F ility Form) as des-of the Nuclear Energy ignat hereon. No Ins rance

'ford hereunder.

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John L. attrocchi, Vice reeident Uab9ity Ef fective Date of Ame rican uclear Inaurers this Endorsement Januar 1, 1988 12:Ol A.M. Standard Time Issued to Florida Power & Li ht Com an Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY ERWRITERS By Endorsement No. Countersigned by I-i.t-Ct,.s v !. t ~c.a~'.)

Authorized Representative ME-64 (1/1/88)

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N EAR ENERGY LIABILITYINSUR~, CE MUTUAL ATOMIC ENERGY LIABILITYUNDERWRITERS ADVANCE PREMIUM AND STANDARD PREMIUM CALENDAR YEAR 1988 ENDORSEMENT

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the'eriod designated above is:

2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit'Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:

8 154,694.00

!I This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part des-of the Nuclear Energy Liability Policy ( cility Form) as ignai ~d hereon. No Insurance is afforr i d hereunder.

cot!inn John 'nnt~lr<cc i, Vicerrnii ent Unni!n .t Amer'ca Nuclear Insurers Effective Data of January 1, 1988 This Endorsement To form a part of Policy No.

12:01 A.M. Standard Time Issued to er and Li ht Com an Date of Issue December 15, 1987, For the subscribing companies MUTUALATOMICENERGY LIABILITYUNDERWRITERS Endorsement No.

Countersigned by Authorized Representative

lg NUCLEAR ENERGY LIABILITYINSURANCE MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,688.00 .

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Issued to Florida power & Li ht Company Date of Issue December 15, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITYUND WRITERS By Endorsement No. Countersigned by Authorized Representative

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Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 5,813.00 .

THE ORIGINAL THIS IS TO CERTIFY T(AT, THIS..IS, A TRUE,COPY..OF, DESIGtkATEO,IIEREON, FOR CERTIFICATE; BEARING'WENUhhBER THE MASTER OLICQ'-NUCLEAR EtlERQ'f IIISURANCE COVERAGE UNDER AL PROTECTIOtl1. NQ LIABILI Y INSURANCE (SECONDARY FINAL INSURA El D DE T .

JOHN L. WTTROCGHI VICE PRESIOENT-LIABILITYUNDERWRITING AivIL'RICANNUCLEAR INSUR[RS Effective Date of this Endorsement January 1, 1988 To form a part of Certificate No N-59 12:01 A.M. Standard Time

'Issued to Florida Power & Li ht Com an Date of Issue December 15, 1987 For the ribing

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Sub companies By

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Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 5,813.00 .

THIS IS TO CERTIFY THAT THIS IS A TRUE COPY OF THE CERTIFICATE, BEARING THE NUMBER ORIGINAL DESIGNATED HEREON, FOR INSURANCE COVERAGE UNDER THE MASTER P LICY-NUCLEAR INSURANCE (SECONDARY FINAN ENERGY'IABII.IT'i INSURAiV IS": " EO L PROTECTION), NO T

JOHN L, TTROCCHI VICE PRESIOENT-L!ABILITY UNDERWRITING AMERICAN NUCLEAR INSURERS Effective Date of this Endorsement January 1, 1988 To form a part of Certificate No N-89 12:01 A.M. Standard Time Issued to Florida Power 8i Light Company Date of Issue December 15, 1987 For the Subscribing companies

,Yj By General Manager Endorsement iVo Countersigned by

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NUCLEAR ENERGY LIABILITYINSURANCE MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: 1,688.00 .

THIS IS TO CERTIFY THAT THIS IS UE CO Y OF INS'RANCE THE ORIG!

COVEAA(lE UNOEA iVAK I.!ABILITY

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ADED 'Y A'cCML PAOTEC THIS COPY, TION).. NO JOHN l.. QUATTAOCCHI YICE PAESIOENT-I.IABIUTY AQERICAI< gp NUCQAPi INSUAEAS Effective Date of this Endorsement 'anuar 1 19 88 To form a part of Qertlficate No. M-89 Issued to Florida Power 8 Light Company Date of Issue December 15, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITYUND RMRITERS By Endorsement No. Countersigned by Authorized Representative

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t Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)

PREAMBLE 1.'he insurance and rating plan presently used by Nuclear Energy Liability Insurance Association ("NELIA") and Mutual Atomic Energy Liability Underwriters ("MAELU") do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events;

2. NELIA and MAELU believe that the lack of such a distinc-tion will adversely affect their ability to continue to attract from world markets very'3.arge amounts of nuclear energy liability insurance for the nuclear industry;

3. NELIA and MAELU want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for workers claims. Accordingly NELIA and MAELU desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

"this policy" means the policy of which this endorsement forms a part; "nuclear related employment" means all work performed at one or more than one nuclear facil ity in the United States of America or in connection with the transporta-tion of nuclear 'material.to or from any such facility.

All of a worker nuclear related employment shall be considered as having begun on the first day of such employment, regardless of the number of employers in-volved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; NE-64 (1/1/88) Page 1

"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regulatory Commission has determined to be an "extraordinary nuclear occurrence"'s defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.

2. APPLICATION OF THIS ENDORSEMENT This endorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.

3. EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.

4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:

IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made against the insured not later than the close of December 31, 1997.

5. AVAILABILITYOF SUPPLEMENTAL INSURANCE NELIA and MAELU are offering to make insurance under one or more Master Worker Policies available to all holders of Nuclear Energy Liability Policies (Facility Form).

THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY NELIA OR MAELU AS THEY DEEM NECESSARY OR APPROPRIATE.

The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.

NE-64 (1/1/88) Page 2

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Page 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC. 'A WRITTEN,REQUEST MUST BE SUBMITTED TO NELIA OR MAELU THROUGH REGULAR MAIWET CHANNELS.

It is understood this endorsement and agreed shall remain in that all of the provisions of full force and effect without regard to this Section 5, and without regard to whether or not the Named Insureds become insureds under the Master Worker Policies, or whether or not NELIA or MAELU terminate such policies or withdraw or modify their offer to underwrite such. policies.

Executed Date /'y for the corn anies (Signa John L.

r of Authorized Officer)

Ouattrocchi, Vice President-Liability Underwriting (Print or Type Name and Title of Officer)

Executed for the Named Insured Florida Power a Li ht Com an (Named Insured Print or Type)

Date Nov.25, l987 By (Signature of Authorized Officer)

David K. Baldwin Grou or Type V'Print Name and Title of Officer) nt having the endorsement o

This is to certify that this is a true copynumber anddbbeing m 'eparte pa E d Nuclear Energy LiabilityPolicy {F l

'ty Form) as des of the ance is afford hereunder.

ignate hereon. No Insu John L. ~tttocchi, Vice esident.LIabiiiity American udear Insurers Effective Date of this Endorsement To form a part of Policy No NF-185 12tol A.M. Standard Time Issued to Florida Power 8 Li ht Com a Date of Issue October 19 1987 For the subscribing companies By j'General Manager Endorsement No 86 Countersigned by t+tg t C. tI NE-64 (1/1/88)

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'LEAR ENERGY LIABILITY INSURA CE NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM CALENDAR YEAR 1988 ENDORSEMENT

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is:

8 1 114 874.00

2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:

844,979.00 This is to certify that this is a true copy of the original Endorsernent having the endorsernent nu bar and being made part of the Nuclear Energy LiabilityPolicy (F.- . 'ty Form) as des-ignatea 'tereon. No Insu. nc ' '. ' under.

'I~ 0 John L. t". trocchi, +ice Preside>t LhbilityUnderzrriJrg American Nuclear Inaurers Effective Date of This Endorsement JanuarY 1, 1988 To form a part of Policy No, "F-185 12:01 A.M. Standard Time Florida Power 8 Li ht Com an Date of Issue December 15, 1987 For the s cribing corn anies General Manager Endorsement No. Countersigned by

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Nuclear Energy Liability Insurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)

PREAMBLE

1. The insurance and rating plan presently used by Mutual Atomic Energy Liability Underwriters ("MAELU") and Nuclear Energy Liability Insurance Association ("NELIA")

do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events;

2. MAELU and NELIA believe that the lack of such a dis-tinction will adversely affect their ability to continue to attract from world markets very large amounts of nuclear energy liability insurance for the nuclear industry;

3. MAELU and NELIA want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for workers claims. Accordingly MAELU and NELIA desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

"this policy" means the policy of which this endorsement forms a part; "nuclear, related employment" means all work performed at one or more than one nuclear facility in the United States of America or in connection with the transporta-tion of nuclear material to or from any such facility.

All of a worker's nuclear related employment shall be considered as having begun on the first day. of such employment, regardless of the number of employers involved or interruptions in such employment; C

"worker" refers to a person who is or was engaged in nuclear related employment; ME-64 ( 1/1/8 8 ) Page 1

"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out. of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regulatory Commission has determined to be an "extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.

2. APPLICATION OF THIS ENDORSEMENT This endorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.

3. EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker-which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.

4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:

IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made against the insured not later than the close of December 31, 1997.

5. AVAILABILITYOF SUPPLEMENTAL INSURANCE MAELU and NELIA are offering to make insurance under one or more Master Worker Policies available to all holders of Nuclear Energy Liability Policies (Facility Form).

THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY MAELU OR NELIA AS THEY DEEM-NECESSARY OR APPROPRIATE.

The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.

ME-64 (1/1/88) Page 2

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Page 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC. A WRITTEN REQUEST MUST BE SUBMITTED TO MAELU OR NELIA THROUGH REGULAR. MARKET CHANNELS.

It this is understood and agreed endorsement shall that all of the provisions of remain in full force and effect without regard to this Section 5, and without regard to whether or not the Named Insureds become insureds under the Master Worker Policies, or whether or not MAELU or NELIA terminate such policies or withdraw or modify their offer to underwrite such policies.

Executed for the companies Date By (Signature of Authorized ficer)

John L. guattrocchi, Vice President-Liabilit Underwriting (Print or Type Name and Title of Officer)

Executed for the Named Insured Florida Power 6 Li ht Com an (Named Insured Print or Type)

Date Nov.25 1987 By (Signature of Authorize Officer)

David K. Baldwin Grou Vice President (Print or T@e~. (8 pygyggt tFrjggtfLQCo~~enoln~ number and being made part Endorsement having the endorsement ilityForm) as des-of the Nuclear Energy LiabilityPolicy (F ereunder.

ignate hereon. No Insu nc John L. ttrocchi, Vice President LiabTity U erwnting American uciear insurers Effect:ive Date of this Endorsement Januar 1, 1988 To form a part of Policy No. MF-55 2:Ol A.M. Standard Time Issued to Florida Power 5 Li ht Com an I

Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY ERWRITERS Endorsement ME-64 No.

(1/1/88) 73 By Countersigned by I.dZkt'3.

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LEAR ENERGY LIABILITYINSU CE MUTUAL ATOMIC ENERGY LIABILITYUNDERWRITERS ADVANCE PREMIUM AND STANDARD PREMIUM CALENDAR YEAR 1988 ENDORSEMENT

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is:

323 673.00

2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in

/ the Advance Premium indicated above, it is agreed that, subject to the provisions of the industry Credit'Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:

$ 245 316.'00 4I

/ This is to certify that this is a true copy of the origina1 made parr Endorsement having the endorsement number anrl being as des-of the Nuclear'Energy LiabilityPoljcy (Fac'lity Form) ereunder.

ignated tereon. No Insurance is afforded John L. <trocchi, Vice Pr~.c cnt. 'a:li 'ting American uciear Insurers Effective Date of This Endorsement January 1, 1988 To form a part of Policy No.

12:01 A.M. Standard Time Issued to d 'htC n Date of Issue December 15, 1987 For the subscribing companies MUTUALATOMICENERGY LIABILITYUNDERWRITERS Endorsement No. 74 Countersigned by Authorized Representative

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Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 5,813.00 .

OF TFIE ORIGINAl THIS IS TO CERTIFY THAT THIS IS A TRUE COPY HEREON, FOR CERTIFICATE, BEARING THE NUMBER DESIGNATED MASTER'POLICY; NUCLEAR ENERGY

/ASSURANCE COVERA'GE UNDER THE (SECONDARY FINAN 'IAL PROTECTION). NQ LIABILITYINSURANCE 1NSU NCE IS AFFORDED BY THIS COPY.

JOHN iA~P IOEI4'I-LIABILt Ui40ERW VICE

'AMERICAN NUCLEAR INSURERS Effective Date of this Endorsement January 1, 1988 To form a part of CertifiCate NO N-26 12:01 A.M. Standard Time issued to Florida Power 5 Light Company Date of Issue December 15, 1987 For the Sub ribing companies By ( ...=.I<-..

General Manager Endorsement No Countersigned by

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NUCI EAR ENERGY LIABILITYINSURANCE MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ANNUAL PREMIUM ENOORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,688.00 .

I THIS IS TQ CERTIFY THAT THIS IS A TAIJE COP Y OF THE CERT!F!CATE, BEARING THE NUMBER ORIGINAL DES~I t'<TED HEREON, INSURANCE COYERAGE UNOER THE FOR MASTER; OLIC Y- NUCLEAR LIABILITYINSURAi'ICE (SE NOARY ENERGY FINANCIALPROTECTION).

INSURANCE IS AFFORUEO 8 'HIS COPY.

JOHN L. OUATTROCCHI VICE PRESIOENT-LIABILITY U ERMtRITING AMERICAN NUCLEAR INSURERS Effective Date of this Endorsement Januar 1 1988 To form a part of Certificate No. M-26 Issued to Florida Power & Li ht Com an Date of Issue Oecember 15, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITYUND RWRITERS By Endorsement No. Countersigned by Authorized Representative

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Nuclear Energy Liability Insurance .

NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 5,813.00 .

OF THE ORIGINAL THIS IS TO CERTIFY THAT THIS IS A;fRUE COPY NUMBER DFSIGNATED HEREON, FOR CFRTIFICATE. BEARING THE COVERAGE UNDER THE MASTFR PVLlCY- NUCLEAR ENERGY INSURANCE

'LIABILITYINSUPANCE (SECONDARY FINAL'"tAL PROTECTION). NO INSU 4NCE IS AFFORDEO BY THIS COPY JOH kCQQI

, VICE IDENT-I.IABII.ITYUNDERWRI i

'AMERICAN NUCLEAR INSURERS Effective Date of this Endorsement January 1, 1988 To form a part of Certificate No N-25 12:01 A.M. Standard Time Issued to Florida Power 5 Li ht Com an Date of Issue December 15, 1987 For the Sub ribing companies By i/VvX>> ~

General Manager Endorsement No Countersigned"by

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NUCLEAR ENERGY LIABILITYINSURANCE MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,688.00 .

Ta CERTlR'HAT CERTlFlCAIE. BEARtNp THl$ l8 RUE Copy eF THE'p lNSURANCE CDPERABE T """ ER UN DETONATED HEREPN, F9Q lJN$ URANC ~CDNDHE~AA$ E PP LlCy-NUC(EAR+E lNURANCE l$ AFFD'RD ~~$ o A y '.WAN L PROTECTlD sy THls COpy.

>><<~ L OUATTROCCHl V ll:t'RE$gENT.LlAalLl AMERICAN NUCLEAR lNSURERS Effective Date of this Endorsement 'anuar 1 1988 To form a part of Gertificate No.

Issued to Florida Power & Li ht Com an Date of Issue December 15, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITYUND WRITERS By Endorsement No. Countersigned by Authorized Representative

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