ML18092A839
| ML18092A839 | |
| Person / Time | |
|---|---|
| Site: | Salem, Hope Creek, 05000000 |
| Issue date: | 10/08/1985 |
| From: | Murat A MARSH & MCLENNAN, INC. |
| To: | Dinitz I NRC OFFICE OF STATE PROGRAMS (OSP) |
| References | |
| NUDOCS 8510160199 | |
| Download: ML18092A839 (14) | |
Text
~...,
Marsh&a1*------1 M~Le,~n_n_ara
____________________________________ ~
Marsh & Mclennan, Incorporated 1221 Avenue of the Americas New York, New York 10020 Telephone 212 997-2000 October 8~ 1985 Mr. Ira Dinitz State & Licensee Relations Office of State Programs Nuclear Regulatory Commission Washington, D.C.
20555 Re:
Public Service Electric & Gas Co.
Nuclear Liability Policies Secondary Financial Protection Certificates N-104/M-104
~-
Dear Ira:
On behalf of*PSE&G, enclosed are two certified copies each of the Secondary 'Financial Protection Certificates, nos. N-104 and M-104, Sincerely, AM:ef enc.
cc:
R. Griffiths, PSE&G S. Hogge, M&M NY
(---s~iio1-6oi 99 as1ooa PDR. ADDCK 05000272 J
- PDR
NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Certificate No. N-104
.JOHN L.,/ ~TTROCCH!
Forming Part of Master V!GE PHESIDENT-UABILITY Uf'JDERWRiTING AMERiGAN NUCLEAR INSURERS Policy No.
l CERTIFICATE OF INSURANCE DECLARATIONS AND BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS Certificate of Insurance This is to certify that the persons and organizations designated in Item l of the Declaration~ are* named insureds under the Master Pol{cy -
Nuclear Energy Liability Insurance (Secondary Financial Protection), herein called the "Master Policy", issued by Nuclear Energy Liability Insurance Association.
Such insurance as is provided by.the Master Policy applies, through this certificate, only:
(a}
to the insureds fde~tified in Ite~s l and 2 of the Declarations, (b) for t,he certificate period stated in Item 6 of the Declarations, (c) to bodily *injury or property damage (1) with respect to Which the primary financial protectio~
described in Item 4 of the Declarations would apply but for exhaustion *of its limit of liab{lity as described in C6ndition 6 of the Master Policy, and *
(2) which is caused during the certificate period stated in Item NSFC-1 (l/1/83) 6 of the Declarations by a nuclear incident arising out of or in connection with the nuclear reactor described.in Item 3 of the Declarations, and Page l
'.i*j-=**
- (b).The 91owing endorsements, attached-the primary.
.financial protect~on polic1es listed in Item 4.(a) also apply to the insurance afforded by the Master Policy through.
this certificate as though they were attached hereto:
( 1)
- Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)
Supplementary Endorsement - Waiver of Defenses - Reactor Construction at the Facility,.
(c)
The limits of liability provided under the primary financial protection specified in Item 4 (a) above are not shared with any other reactor except as follows:
No Exceptions Item 5.
Limits of Liability: The amount of retrospective premium actually received by the companies plus the amount of the companies' con-tingent liability, if any, pursuant to_Conditions 2, 3 and 4 of the
.Master Policy.
Item 6. Certificate Period: Beginning at the same time and date that the Facility Operating License issued by the United States Nuclear Regulatory Commission for the reactor described in Item 3 of this*
certificate becomes effective and continuing to the effective date and time of cancellation or termination of the Master~-Po.iicy or this.
certificate, whichever first occurs, eastern standard time.
Item 7.
Maximum retrospective premium (exclusive of allowance for premfum taxes) payable pursuant to Condition 2 of the Master Policy with respect to each nuclear incident:
$3,875,000.
Item 8. Portion of the annual premium payable for the companies' contingent liability described in Condition 4 of the Master Policy from the effective date hereof to the end of calendar year, 1985 :
The pro rata portion of $4,650 for the period from the effecti~e date of this certificate to the end of the calendar year during which such effective date occurs.
Page 3 of Certificate No. N:- 104 :: *
(3)
. hed.
.. h
. e
. wh1c lS lscovered and for wh1c wr1tten claim is made against the insured not later than ten years after the end of the certificate period stated in Item 6 of the Declarations.
However, with respect to bodily injury or property damage caused bran extraordinary nuclear occurrence this subparagraph (3) shall not operate to bar coverage for bodily injury or property damage which is discovered and for which written claim is made against the insured not later than t".'lenty years after the date of the extraordinary nuclear occurrence.
Deel a rations Item 1.
Named insureds and addresses:
(a)
(b)
Public Service Electric and Gas Company 80 Park Plaza, Area 6B, Newark, NJ 07101 Atlantic City Electric Company P. 0. Box 567, Atlantic. City, NJ 08404 Item 2.
Additional insureds:
Any other person or orga~ization who would be insured under the primary financial pro"tection identified in Item 4 of the Declaration~
but for exhaustion of the limit of liability of such primary financial protection.
Item 3.
Description and location of nuclear reactor: Unit 1 of the Hope Creek Nuclear Station located in Salem, New Jersey.
Item 4.
(a)
Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:
Nu cl ear Energy Liability Insurance Association's Policy NF-230
$124,000,000 MLltual Atomic Energy Liability Underwriters*
. Policy MF-90
$ 36,000,000 Page 2 of Certificate No. N-104
.ONO FOR PAYMENT OF RETROSPECTI.PREMIUMS Know All Men By These Presents, that the undersigned do hereby acknowledge that they are named insureds under the Master Policy described in the above Certificate pf Insurance and Declarations.
The named insureds do hereby covenant with and are held and are firmly bound to the members of Nuclear Energy Liability Insurance Association subscribing the Master Policy (hereinafter called the "companies 11 ) to pay to the companies all retrospective premiums and allowances for premium taxes which sh~ll become due and payable in accordance with the Master Policy, as it may be changed from time to time, with interest on such premiums and allowances for taxes to be computed at the rate provided in the Master Policy from the date pay-m~nt thereof is specified to be due the companies in written notice to the first named insured as provided in Condition 2 of the Master Policy until paid; And it is hereby expressly agreed that copies of-written notices of retro-spective* premiums and allowances for premium taxes due and payable or other
- evidence of such amounts due and *payable sworn to by a duly authorized representative of the compani~s shall be prima facie evidence of the fact and extent of the liability of the named insureds for such amounts; And it is further expressly agreed that the named insureds wil rTndemnify the companies against any and all liability, losses and expenses of whatsoever kind or nature (including but not limited to interest, court costs, and counsel fees) which the companies may sustain or incur (1) by reason of the failure of the named insureds to comply with the covenants and provisions of this Bond and (2) in enforcing any of the covenants or provisions of this Bond, or any provisions of the Master Policy relating to such covenants or provisions; For the purpose of recording this agreement, a photocopy acknowledged before a Notary Public to be a true copy hereof shall be regarded as an original.
Page 4 of Certificate No. N-104
The preceding.Certificate of Insurance, Declarations and Bond form a part of the Master Policy.
Cancellation or termination of the Master Policy or the Certificate of Insurance shall not affect the named insured's obligations under the policy or the Bond to pay the retrospective premiums and allowances for premium taxes, as provided in this Certificate and Condition 2 of the Ma~ter Policy.
IN WITNESS WHEREOF, the named insureds have caused this Certificate, these Declarations and this Bond for Payment of Retrospective Premiums, to be signed and sealed by a duly authorized officer, to be effective as of the time and date of the inception of the Certificate period.
Attest or Witness I J
\\ ~:*~
'XrJ £J vdL;
.f\\1~ F. ~lds
- Assistant S~retary.
. /,
. I \\
I ! I ).,)
J. D. Mccann, Assi_stant Secretary Named Insureds:
Public Service Electric and Gas Company (Named Insured - Type or Print)
By L!) a.
(SEAL)
(Signature of W. A. Maginn, Vice President and Treasurer (Type or Print Name & Title of Officer}
- Date:
August 8, 1985
- r; Atlantic City_Electric Company ----
(Named
- Type or--Pri nt)
L. E. Cooper, Vice President - Ccntrol (Type or Print Name & Title of Officer)
Date:
August 6, 1985 (Named Insured - Type or Print)
By ______________ (SEAL)
(Signature of Officer)
(Type or Print Name & Title of Officer)
Date:
~-----
Pa a e 5 o f C Pr t i f i c i1 t e t lo. N - 104
IN WITNES*S WHEREOF, the companies subscribing the Master Policy have caused the Certificate of Insurance and the Declarations to be signed on their behalf by the President of Nuclear Energy Liability Insurance Association to be effective as of the time and date of the inception of the Certificate period, and countersigned below by a duly authorized rep re sen ta ti ve.
Attest or Witness For the Companies of
- NUCLEAR E
-IABILITY INSURANCE ASSOCIATION Page 6
of Certificate No. N-104
Af."TNf\\ r:nor;l)I\\(_ TY A. E1...-r:1*y co.
AFFil.ff\\TF...t1 F t1 J~l1HANC£ C.O.
Al.L.JANr IHm1tO:ANC1.* r.11Hf'.*nt*'I' All.5fl\\lt: lN!:il.hiANCF.' COHPnHY l\\~*i;: 1 r:nH HOt1C A~f;4 IRl\\N'l:E CO HJ JIJMtNOUS r:AGlli\\l.TY' COi~
r:OHHERC I l\\L l H-l I I \\N J NJ;* c;OHF*AHY Cl)NNt:CrICUr INrir.HN[ l"Y co., lllf.:
CnNII~*n:HrAL Cl\\n&ll\\l_TY' t:UMPANY C:flNT' NFNT l\\l...
f.Nstn~ANCE c:rlMl"~AH'(
FFl!f".Rl\\l. 1HHI M~l\\Nr.F. COMJ.'l\\NY' FJRF.°til\\N'S FllNO IN~':lH.::f\\l'K:E CO rtF.:N AC:r:ltrE.H"I IH'!i. CO OF' MIER*
OE:N'CRAl... tHS. en OF" N1CI: ICI\\
H.V-lrJVf:J:: J.HGIJRANCF COHf"l'\\tlY' HARrr 0R{1 ACC ID." HWEtVH t '( co.
UARfFORfl STE.AH 114.R. IHUP lo lHA HJr,.,.*.... f\\Nr'6 JNS..K'<ANCE COMf-~f'\\N'(
f~\\11£ umcHNll"Y COUPnNY IN!i. CO. OF ~lH Al1~~RICI\\
Hlf.SIOH IH51JRANr.E COMPNIY HOTOOS U-.ISUf~Af'K""J:: r:oo..-*01:u11r10H ClUJO Cf\\SUN...TY lH5llRANCE L."O.
F'AC":IFIC INflE"l1NJTY COHf'l\\HY F'F->OTECTIVF.. fl"f"*Of\\ANr.f-: r:0t1f*AHY F"fifJVH1F.t-K:E lJA~lHTl-mTIJN INS. CO f<t!~LlANr.E INSU::ANr:E Ct.>MF"N'#Y
~Yl\\l. INS. CO, l~ N'll:RICA 5f:Al401'\\F.:[1 Sl ff\\F.'TY f:OMf'N-.IY FlT F'AOL F'l~ A.
H~lt-fE LH9 CO.
STATF.'. FARH FIRF. A. CA!;\\.,U\\l.TV CO TRAH!:'Al'\\f... RICA.lNSllRANO:: CO.
TRAVF.LE'.RS INflf:HNlTY' C(>MF'ANY U.S.
FIM~:LITY A. liUAUANTY r:o.
U.S. FJR£ IN'!"'>l.IRANC.:F. CllMPANY UNlVEh'.hAL UNOCF..1.lRITFf.:S IN'S CO Z~
I CH I NSURAHCE' COMf-"r.NY NE-85 9.1'19:'J\\ 1
.:.11.1401.
1.:l',\\tl.::i
... n;?:ir9
- 914'1;~1
.'1:\\:;,r,77
- 1,'10~'\\1'4
- .\\~\\:'il.77
.... 70::;309 B.0..... 00\\'I t.:::.1.0_.,3,,
lo3Y4165 l.7.. 2'/0i"
.~2:'1H:?
- 7. <\\C)/.~0"1
,6099'17
.:,'1n"J11 1.:rn-,030 J.O~i3LJ".Ji)
.!>>2:?Fl12
.17...,~H
.1""7.. ::'.71
.43':"11,77
.Q07\\3:"S
"* 7'1~71 lo 0"4::~624
".l./.:"i91.~4
.17'1:?.""ll
~.7n:m01
.()713~3
- R"7t:-.~3 tt.3~~9..
11.':.'104:";{1 3.:!24007
.17~2"71 l.307030
MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS THIS IS TO CERTIFY THAT THIS IS A TRUE COPY OF !_HE ORIGtNAI:.
CERTIFIC/\\TE BEAHING THE NUMBER DESIGNATED HEREON, FOR INSURANCE COVERAGE UNDER TtlE,Nl~,~;TE~,'.?,U~~:
1
-~~.U~LEAR ENERG~
LIA2il ITY INSUHANCE (SECOND.J;Fl f HNAN.if\\L PP.01 EC flON). NO Certificate No.
M-104 Policy No.
IN°SU~.
- NCE !S AFFORDED BY THIS COPY.
JOHI 0
i!-i~BH.
V!CE*PR _,'IDE~fH.IABlUTY UNDERWHI ' G Forming Part of Master
. AMERICAN NUCLEAH INSURERS
.. *;.** ~
CERTIFICATE OF INSURANCE DECLARATIONS AND BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS Certificate of Insurance This is to certify that the persons and orga.nizations designated in Item of the Declarations are named insureds under the Master Policy -
Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the "Master Pol icy", issued by Mutual Atomic Ener~y liability Unden1ri ters.
Such insurance as is provided by the Master Policy applies, through this certificate, only:
(a) to the insureds identified in Items l and 2 of the Declarations.
(b) for the certificate period stated in Item 6 of the Declarations, (c) to bodily injury or property damage (1) with respect to which the primary financial protection described in Item 4 of the Declarations would apply but for exhaustion of its limit of liability as described in Condition 6 of the Master Policy, and (2) which is caused during the certificate period stated in Item MSFC-1 (1/1/83) 6 of the Declarations by a nuclear incident arising out of or in connection with the nuclear reactor described in Item 3 of the Declarations. and
.e (3) which is discovered and for which written *claim is made against the insured not later than ten years ~fter the end of the certificate period. stated in Item 6 of ihe Declarations.
llowever, with respect to bodily injury or property damage caused by an extraordinary nuclear occurrence this~ subparagraph (3) shall not oper~te to bar coverage for bodily injury or property damage which is discovered and for which written claim is made against the insured not later than twenty years after the date of the extraordinary nucle-~r occurre.nce.
Declarations Item 1.
Named insureds and addresses:
(a)". Public Service Electric ahd Gas ~ompany.
80 Park Plaza~ Area 6B, Newark, NJ 07101 (b}
Atlantic City Electric Company P. O. Box 567, Atlantic City,.NJ. 08404 Item 2.*,Additional insureds:
Any ~ther person or organization who would be insured under the primary~financial *protection identified in Item 4 of the Declarations but-for exhaustion of the limi~ of liability of such primary financial..
protection*.
Item 3. *Description and location of nuclear reactor: Unit 1 of the Hope Creek Nuclear Station located in Salem, New Jersey.
Item 4.
(a)
Identification of primary financial protection applicable to the nu.clear reactor and limit(s} of liability thereof:
I.
Nuclear Energy liability Insurance Association's Pol icy NF-230
$124 0000,000 Mli tua 1 A to mi c Energy Li ab il ity U nde rwr i te rs' Pol icy MF-90
$36,000,000 Page 2 of Certificate No.
M-104
".l
- financial ~rotection policies listed in Item 4 (a) ill so*
- apply *to the insurance afforded by the Master P.olicy through
. this certificate as though they were attllched hereto: *
(1) Haiver of Defenses Endorsement (ExtrCJordinary lluclcar
..
- Occurr~~ce) ~nd.
- (2) Supplementary' Endorsemen.t - Haiver of. Defenses - Reactor.
. Construction at the Facility, (c)
The limits of liability provided uhder the primary, financial protection specified in Item 4 (a) above are ~ot shared with
- any other reactor except as fo 11 ows:
No Exceptions Item 5.,Limits of Liability:
The amount of retrospective premium actually
- received by the companies plus the*amount of the companies' contingent 1 i ability, if any, pur!?uant to Conditions 2,. 3 and 4 of the Master Policy.
- Item 6.
Certificate Period: Beginning at the same time and date that the
- Facility Operating License issued by the United States Nuclear Regulatory Commission for the reactor described in Item 3 of this certificate becomes effective and continuing to the effective date and time of cancellation or tennination of the-Master Pol icy or this certificate, whichever first occurs, eastern standard time.
Item 7.
Maximum retrospective premium (exclusive of allowance for premium taxes) payable pursuant to Condition 2 of the Master Policy with respect to each nuclear incident:
$1,125,000 Item 8.
Portion of the annual premium payable for the companies' contingent liability described in Condition 4 of the Master Policy from the effective date hereof to the end of calendar-year 1985 The pro rata portion of $1,350.00 for the period from the effective date of this cer.ti.ficate to the end of the calendar year during which such effective date occurs.
- eBorrn ~OR PAYMENT OF RETROSPECT *.
PREMIUMS Know A 11 Melt By J;be s_e. P;t;~~~nts,.rthat. the "undersigned.do i here~y-a~knowl edge "ihat.theY are n~!~e~:..~L~-~~r~~~~:~-~~e~~:._the Master Policy descri_bed"_i~* the_abov.e Certificate of Lnsurance a11d _D~cl arati ons. --.The* named ins.ureds.do hereby covenant with an9, a r~:.:~~l-~---~~d~~~ re fi ~mly-bou~d J_o. the* n:iembers of Mu tu a 1 Atonii t Energy Li ab~i-,l_;i ty_,JJ,n,d_erwr.i ter;s, sub_sc_r,ibi ng "th.e Master: PoJ ;,c;:y; (here::.,,.
- inafter called the 11compa11i.esu),tp _ _pay to the companies all retrospective premiums and al lowa_11~es.2 Jq_r :PTE!(fiiµm taxe~.which shall become due.. and payable:;:
i.ri accordance with the.~qster Policy, a_s it may be changed from time to time, with i ntere.st on. _such p.remi µms and a.11 owances.for- -taxes. to be computed at.,;
~ *- -- *" - _..__
the rate provided,i_n.:the ~aster Ppl icy from the date payment thereof is.
specified to be due,t;he:cornpanies -.in.written notice to the first named insured
) J ~
~
as provided in C-0ndition 2 of the Master Policy until paid;
~--... *. --
~ : :
~
- '~
~ - :~~
And it is h,e!~~y_ ~e_?<pr,es.sJy,~g,r.~~~- --~J1q_t,,_,cppi~.s.of;"w.r.itten:.r:iotji:_es"of:sretrq.,., *rr;*_*nt
-spect ive prefl}i;UJll~ -a n_d -aJ 19\\'!.a.nces-_fpr, premi. um -taxes.due and pay ab le or other,* "y: c-*
evi~~nc_~, o!:::~u~ch_~~?-~~~ts du~ and: ~ayabl~. swor_n :to by_~.dll1Y* authorizeclt. ~ :-(
_ representatiye.,of_:the-:companies.shall be pr:ima facie evidef}ce-of the fact and extent of the l_~_abtl itY. _of the. named insureds fqt:' such.amounts;,.:
- " '... *~
~ t*,... *
- l And it is further. expressly_ agreed that the named insureas will indemnify the compa!'Jies against any and all liability, losses and expenses of whatsoever kind or_ n,atur¢ {including but not,limited to interest, court cost~, and counsel fees) which tlie c_ompanies may sustain or _incur (1) by_reason of the.failure pf_the named.insured_s to comply with ~he covenants and provisions of this Bond and (2) in -~nfor_cin_g any of,the covenant~ or.P1:Q'v'i~ion_$ Qf _thj.~-,:~ong; or._:~riy,.,._,,-~.
provisions of _t,he r~aster P.olicy relating to such _covenants or provision$;_"
For the purpose of recording this agreement, a photocopy acknowledged before a Notary Pub.lie tO" be a true copy hereof shall be regarded as an ori*ginal..
- .:-t-**
- .r.-*
~
~-~**;~*1:... --;,.
Page 4 of Certificate No.. M-104
- e.
The precedin~ Certificate of lnsurahce, Declarations and Bond form a part of th~* Master Policy.
Can~ellation or termination of the Master Policy
~
or the Cert1ficate of Insurance.shall not affect the named insured's obligations under t~e policy or the Bond to pay the retrospective premiums
- and allowances for premium.taxes, as provided in this Certificate and Condition 2 of the Master' Policy.
IN WITNESS WHEREOF, the named insureds have caused this Certificate, these Declarations and this* Bond for Payment of Retrospective Premiums, to be*
signed and sealed by a *duly authorized officer, to be effective as of the*
time and date of the inception of the* Certificate period.
. \\i*) ) I }:~i <,. ',,, : -;
) '. ' ')* J :, ~}.. ~ \\ *~ ; '}'( '
. / -/./ 1.n:htest.,o*r,Witness
/'*i.. '
. >.)
\\,<\\*.*
i ;_: ;'.. /). ). ~~.. *. *.. y~;.. '.
~ *.~,
Assistant J. D. McCann 11 Assistant Secretary Named Insureds:
Public Service Electric and Gas Company (Named Insured - Type or Print)
By -tQa.v.*.. (SEAL)
(Si gna tu re ofo.j~,
W. A. Maginn, Vice President and Treasurer (Type ~r Print Name & Title of Officer)
Date:
August 8, 1985
- Atlantic City Electric Company
,\\\\'.
- ,\\
1; (Named Insured Type or,,,'Pp n~L....
- i 1
-_/' ~>);:"',_:: ; /. **~',>... <..
By
. *\\ :'>_...,. *
(SEAL)
(Si of,Off1cer)_'. (. <
- <J,~,\\
1
- ~ ' *'., \\
't \\J J \\ ' :--.:
- L. E. Cooper, Vice. President _.:.. Control
~~.....
(Type or Print Name & Title :.af Officer)"
- :,,) j I
Date:
August 6, 1985 (Named Insured - Type or Print)
By _____________ (SE7\\l)
(Signature of Officer)
(Type or Print Name & Title of Officer)
Date: --~~~~~~~~-
Pilge 5 of Certifkilte Uo.
~1-104_
"',"**. :-"... ~"
e e
IN WIT~E~S WHEREOF, the companies subscribing the M~~ter Policy have caused the Certificate of.Insurance and the Declarations to be signed
- ori their b~bal.f.by,Mutua1 Atomic. Energy Liability. UnderwrHers to be
- effective a~ of the time and date of the inception of the Certificate
_period, and countersigned below by a duly authorized representative.
l
'Attest or Witness
.: ; ;. ;.-. -. : ~ :.. ::.:.
For the Subscribing Comp~nies of
~.* :ffjr__;
- _~~
- _
- ,.i.y
- -:~c: --*-*:~*-:::.._,_,ic '-*
~ *'
- t~
- ~:*::.
- ~-' c::~*;: _;::;r
- .. :-;::;;~.::>Subscribing Companies.,,;.;.;::_,_.. :<::..
- *~
-~
American Mutual Liability Insurance Company, Wakefiel_d, MA eROPORTION OF 100%
15.0000000
. -- __ ; -~ - --
~
_Employers.Insurance of Wausa.u, A Mutual Company,.Wausau, w1*
Liberty Mutual Insurance Company, Boston, MA * *
- /
-*---*~ *-}****
- -**_:*~~:=_;-_,."'
Tumbermens:~~iutlial Casualty Company, Long Grove,--IL, - :>' '-; ___.
-:-. - ~.. :-
15.0000000
- 30. 0000000 ;,.. :
~
30.0000000 Michigan Mutual Insurance Company, DetroH, MI
_. ~ *;
-~-:~_* 9g_9goqo _ _
__ -:.E
~-------
- -*----***~ ~-
~
Sentry lnsuranc_e, A Mutual Comp.any, Stevens Poin_t, WI
~:.... !
.... -*-----1 ~
~-... -
.... -~... -..
5.0000000
-Page 6
rif Certificate No. M-104 i