ML18139A972
| ML18139A972 | |
| Person / Time | |
|---|---|
| Site: | Surry, North Anna  |
| Issue date: | 01/09/1981 |
| From: | Hairfield K MARSH & MCLENNAN, INC. |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8101130357 | |
| Download: ML18139A972 (17) | |
Text
Marsh & McLennan, Incorporated 11 South 10th St., P. 0. Box 1857 Richmond, Virginia 23215 Telephone 804 649-4100 Telex 827317 Mr. Ira Dinitz Indemnity Specialist January 9, 1981
- -* J Anti Trust and Indemnity Group Nuclear Reactor Regulations U. S. Nuclear Regulatory Commission Washington, DC 20555
Dear Mr. Dinitz,
Re: Virginia Electric &
Power Company Enclosed are ten (10) copies of various endorse-ments as follows:
Policy Number EB-70 EB-63 EB-28 EB-27 NS-316 NF-186 NF-240 Endorsement Number 2 1,/
~~-
4,./
24/
58,/
31 Trust you will find the enclosed in order.
KJH/hs Enclosure Sincerely,
~-~~v
/ :a;;;:-?~dd Underwriting Technician
e e
Nuclear Energy Liability Insurance.
NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1981 ANNUAL PREMIUM:
It is agreed that the Annual Premium due the companies for the period designated above is: $ 4,650.00
. to certify that this is a true copy of the original This :_8 "
r:r -~ha endorse;nG".lt number and bei:<tg made part Endor..,~.. 1a~t hav,in".'~.' _ 11.,,.,, *: 1 -:-y Po lie:{ ( Fa.oili ty Fo1*1111 as dee*.
of toe r~... h.:..t.*.!~r.ilt:J.G L~J
(;.~..... ---
CJ ignated hereon. lio Insurance is afforded hereunder.
'J) _
o n L. ~oc~lli. Vit'A?.
- erican Nuclear Insurers Effective Date of January 1, 1981 EB-70 this Endorsement, ____
-:-1
-=-2
-=_0-:'1
--=.A-.c-"M-. ~S-tan-d-ar-d~T~.iro-e _____ To form a part of Policy No, ______
Issued to __ V_i_r_g_i_n_i a_E_l_e_c_t_r_, _c_a_n_d_l-'_io_w_er_l,_oo_m_p_a_nY __________________ _
Date of Issue December 22, 1980 Endorsement No ____
2 ___ _
Countersigned by ________
e e
Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1981 ANNUAL PREMIUM:
It is agreed that the Annual Premium due the companies for the period designated above is: $ 4,650.00 This is to cartify that this is a true copy of the original Endorsement having the endorseiaent number and bei"'t!J made part of t:he lluclGar Energy Liability Policy (Facility Forti!, ae des-ignated hereon. No Insurance. is afforded hereuna.e.r.
~4 ~
- v~~iiieht::tdffti"~~rt__ ___
American Nuclear I.nsurer8 Effective Date of this Endorsement January 1, 1981 12:01 A.M. Standard Time Issued to Virginia Electric and Power Company Date of Issue December 22 ~ 1980 Endorsement No --~-----
To form a part of Policy No __
EB_-_6_3 ___ _
Countersigned by ________
e Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1981 ANNUAL PREMIUM:
It is agreed that the Annual Premium due the companies for the period designated above is: $ 4,650.00 Effective Date of J
l 1931 **
EB-28 this Endorsement. ____
a_n..,....u_a_r_,,.y--:-:--' -=----*--,,,,-------To form a part of Policy No ______ _
12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 22, 1980 Endorsement No ____ 4 ___ _
Countersigned by ________
e e
Nuclear Energy Llablllty Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1981 ANNUAL PREMIUM:
It is agreed that the Annua 1 Premium due the companies for the period designated above is: $ 4,650.00 Thia ta to certify that this :is a true cop;v of the original inciorse111ent having the ando::',iP-;:.ent numbar and being made part 01' the Mude:1.L' ln3i:*.~;,r Lla,*.UH.y Polio:, (F2.0111t;v Form) as dee-1,nated hereon. i:o Inom*ance is ai'forded hereunder.
Effective Date of this Endorsement January 1, 1981 12:01 A.M. Standard Time EB-27 To form a part of Policy No ______
Issued to V irg i o i a Electric & Power Company Date of Issue December 22, 1980 Endorsement No -----I'-------
Countersigned by ________
e e
Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM CALENDAR YEAR 1981 EN DO RSEMENT
- 1.
ADVANCE PREMIUM:
It is agreed that the Advance Premium due the companies for the period designated above is:
- 2.
20,250.00 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:
14,080.00 Effective Date of this Endorsement January 1, 1981 To form a part of Policy No __
~*_IS_-_3_1_6 __
12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 22, 1980 Endorsement No ___ 2_4 ___ _
Countersigned by _______________ _
- ~
{.f
.uclear Energy Liability Insurance e NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION It is agreed that:
AMENDATORY ENDORSEMENT (Supplier's and Transporter's Form)
. Exclusion (k) is replaced by the following:
- 1.
(k) to bodily injury or property damage arising out of the radio-active, toxic, explosive or other hazardous properties of (1) source material, or (2) tailings or wastes produced by the extraction or concen-tration of uranium or thorium from any ore processed
-- -priinari,_v-for its s-ource-mate-rrar -contenT, - -----
but this exclusion does not apply if With respect to such bodily injury or property damage the insured under this policy is also an insured under another Nuclear Energy Liability Policy issued*
by Nuclear Energy Liability Insurance Association or by Mutual Atomic Energy Liability Underwriters, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability.
2..
Condition 2 is replaced by the following:
2 INSPECTION; SUSPENSION The companies shall at any time be permitted but not obligated to inspect the insured 1s premises and operations and to examine the insured 1s bo6ks and records as far as they relate to the subject of this insurance and any property insurance also afforded the insured through American Nuclear Insurers.
If a representative of the companies discovers a condition which he believes to be unduly dangerous with respect to the nuclear energy hazard and which is within the control of the insured, a representative of the companies may request that such condition be corrected without delay.
In the event of noncompliance with such request, a representative of the companies may, by written notice to the named insured, immediately suspend this insurance with respect to such condition.
The period of such suspension shall terminate as of the time stated in a written notice from the companies named insured that such condition has been corrected.
Neither'e right to make such inspectio. and examinations nor the making thereof nor any advice or report resulting therefrom shall constitute an undertaking, on behalf of or for the benefit of the insured or others, to determine or war.rant that such premises or operations are safe or health-ful, or are in compliance with any law, rule or regulation.
In consideration of the issuance or continuation of this policy, the insured agrees that neither the companies nor any persons or organizations making such inspections or examinations on their behalf shall be liable with respect to injury to or destruction of property of the insured at the insured 1s premises or used in the insured 1s operations, or any consequential loss or expense resulting therefrom, or any loss re?ulting from interruption of business or manufacuture, arising out of the making of or a failure to make any such in-spection or examination, or any report thereon, or any such suspension of insurance but this provision does not limit the contractual obligations of the companies under this policy or any policy affording the insured property insurance through American Nuclear, Insurers.
Effective Date of January 1, 1981 this Endorsement. _____ -= ______________ To form a part of Policy No __
N_S_-_3_1_6 __ _
12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 22, 1980 Endorsement No 25 Countersigned by _______
NE-53 Page 2 of 2 (1/1/81)
NAMED lN'URED Virginia Electric & Power Company POLICY NO.
NS-316 PREPARED BY P.~Cronin ENDORSEMENT NO.
c14 Limit of Liability
$1,000,000 9,000,000 15,000,000 Commission
$10,000 X 10%
=
10,250 X
5%
=
Reserve Premium Standard Premium Less Commission Less 23% of S.P.
Reserve Premium 1981 Advance Premium LIMIT OF LIABILITY
$25
- MILLI OH DATE PREPARED November 18, 1980 NEL-PIA INVOICE NO.
A ()504 I Annual Premium
$ 3,000.00 ($750 per unit) 13,500.00 ($375 E.M. x 4 operating units) 3,750.00 ($250 E.M.)
$20,250.00
$1,000.00 512.50
$1,512.50
$"20, 250. 00 1,512.50 18,737.50 4,657.50
'~080.00 Gross
$20,250.00 Commission
$1,512.50 Net
$18,737.50
e e
Nuclear Energy Llablllty Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM CALENDAR YEAR 1981 ENDORSEMENT
- 1.
ADVANCE PREMIUM:
It is agreed that the Advance Premium due the companies for the period designated above is:
- 2.
428,993.50 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:
323,710.06 This is to ;:;ertify tl-::J.: this is cL UJ! oi' i;he original Eridorseinen."c having tl1t:J endo:c::::1..,u,.. -. i..,.J:r.* 2..t1d oeL1g mo.de part of-the Nuclear Energy Liability Policy (Facility Form) as des-ignated hereon. No Insurance is afforded hereunder.
John L. Quattrocchi, Vice President-Liability Underwriting;;----
American Nuclear Insm*ers Effective Date of this Endorsement January 1, 1981 To form a part of Policy No ___
~~_F_-_18_6 __ _
12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 22, 1980 Endo~ementNo ___
5_8 ___ _
. Countersigned by ____________ _
e Nuclear Energy Liability Insurance e NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF DEFINITION OF CONDITION 2 "INSPECTION; SUSPENSION" AND "INSURED SHIPMENT" (Indemnified Nuclear Facility)
It is agreed that:
1.) Condition 2 "INSPECTION~ SUSPENSION" is replaced by the follovling:
2 INSPECTION; SUSPENSION The companies shall at any time be permitted but not obligated to inspect the facility and all operations relating thereto and to examine the insured 1s books and records as far as they relate to the subject of this insurance and any property insurance afforded the insured through American Nuclear Insurers.
If a representative of the companies discovers a condition which he believes to be unduly dangerous with respect to the nuclear energy hazard, a representative of the companies may request that such condition be corrected without delay.
In the event of noncompliance with such request, a representative of the companies may, by notice to the named insured, to any other person or organization considered by the companies to be responsible for the continuation of such dangerous condition, and to the United States Nuclear Regulatory Commission, suspend this insurance with respect to the named insured and such other person or organization effective 12:00 midnight of the next business day of such Commission follow-ing the date that such Commission receives such notice.
The period of such suspension shall terminate as of the time stated in a written notice from the companies to the named insured and to each such person. or organization that such condition has been corrected.
Neither the r,ight to make such inspections and examinations nor the making thereof nor any advice or report resulting therefrom shall constitute an undertaking, on behalf.of or for the benefit of the insured or others, to determine or warrant that such facility or op~rations are safe or healthful, or are in compliance with any law, rule or regulation.
In consideration of the issuance or continuation of this policy, the insured agrees that neither the companies nor any persons or organizations making such inspections or examinations on their behalf shall be liable with respect to injury to or destruction of property at the facility, or any consequential loss or expense resulting therefrom, or any loss resulting from interruption of business or manufacture, arising out of the making of or a failura to make any such inspection or examination, or any report thereon, or any such suspension of insurance, but this provision does not limit the contractual obligations of the companies under this policy or any policy affording the insured property insurance through American Nuclear Insurers.
NE-51 Page 1 of 2 (1/1/81)
(over)
e 2.) The definition of 11 insured shipment' 1 in Insuring Agreement III, "DEFINITIONS", is replaced by the following:
11 insured shipment 11 means a shipment of source material, special nuclear material, spent fuel, waste, or tailings or wastes produced by the extraction or concentration of uranium or thorium from any ore processed primarily for its source material content,_herein called "material 11
, (1) to the facility from any location except an indemnified nuclear facility, but only if the transportation of the material is not by predetermination to be interrupted by removal of the material from a transporting conveyance for any purpose other than the continuation of its transportation, or (2) from the facility to any other location, but only until the-material is removed from a transporting
- conveyance for any purpose other than the continuation of its transportation.
'l 1his is to ec~tify ~~2.~* t.hJ.3 2.. s fJ. -r::~*:q::r~ 1.!0.!.JY of tje original Endorsez::8:1.:..: l}J..-:.~i!**::* -:-:._~* -::*:
~.. -.. *.. :.. :*.,~ -~~;.:.,.=.:~:.~.~:e:~t ?,.:1.-_J_ ht~i::g f!:ade pa.rt of the 1-I:.i-:.:l-.::-...:~* :.::.13~.-~-/ ~J~_.-_:;.i._...'..*~Y.F..:.1J..:.;::;:t ():l,:iiitjr Porm) as des:..
ignated he:;,*Go:1. lfo In~~m*D.ncc is :::.i':fo:;_'c:ied Jrnreundd:-.
Effective Date of January 1, 1981 MF-186 this Endorsement _____
~
_____________ To form a part of Policy No ______
. 12Jl1 A.M.. StandRrd Time V1rg1n1a Electric & ~ower Company Issued to Date of Issue December 22, 1980 By_
Endorsement No ____
5_9 ___ _
Countersigned by _____________ _
NE-51 Page 2 of 2 (1/1/81)
r NAMED IN'-URED Virginia Electric & Power Company POLICY NO.
r ff - 1 s 6, i-1F - 5 7 LIMIT OF LIABILITY
$160 MILLION PREPARED BY P. Cronin DATE PREPARED December 12, 198')
ENDORSEMENT NO.
~
NEL-PIA INVOICE NO.
A 05JoS-Status Base Premium Unit 1 Unit 2 Unit 1 Unit 2 2441 Mwt.
2*441 Mwt.
$42,000.00
$39,000~00 Unit 1
$4-00, 300. 00 Premium at Limits Unit 2
$153,240.00 (a)
Total
$553,540.()0 (b)
(a) Includes multi-reactor discount.
(b) Includes 10% inflation factor app_lied to the base premium.
NELIA:
$553,540.00 x
.775
= $428,993.50 MAELU:. $553,540.00 x
. 225
=
124,546.50 Commission
$ 10,000 X
10%
15,000 X
5%
75,000 X
3%
453,540 X
1%
Reserve Premium Standard Premium Less Commission Less 23% of S.P.
Reserve Premium NELIA Only
=
=
=
=
1981 Advance Premium
$),000.00 750.00 2,250.00 4,535.40
$8,535.40
$553,540.00 8,535.40.
545,004.60 127,314.20
$417,690.40 Gross
$428,993.50
$553,540.00 NELIA:
$6,614.93 MAELU:
1,920.47
$8,535.40 NELIA:
$323,710.06 MAELU:
93,980.34
$417,690.40 Commission
$6,614.93 Net
$422,378.57
e e
Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM CALENDAR YEAR 1981 ENDORSEMENT
- l.
ADVANCE PREMIUM:
It is agreed that the Advance Premium due the companies for the period designated above is:
- 2.
367,140.75 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:
276,701.97
- *g1nal thiS is a i:.1.*,*:3 uuyy o:r 'the or1.
'£his is to c~rt1:ty tha't d
nen*1,- *iurnber and being made part
"-he en orse1, d
EndorsemenL. having l, u 1i* c'* (Facility Form) as es-E cry Lia1nl1 L.Y
.L O
.j of the Nuclear ners
.,.,.* *,=*orded hereunder, 1'T J**1surance lS c,..1...L t d hereon
~*10 igna e Effective Date of th is Endorsement January 1, 1981 To form *a part of Policy No __
N_F_-_2_4_0 __ _
12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 22, 1980 Endorsement No ____
3_1 ___ _
Countersigned by __________
-Nuclear Energy Liability lns~rance e NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF DEFINITION OF CONDITION 2 11 INSPECTION; SUSPENSION 11 AND 11 INSURED SHIPMENT 11 (Indemnified Nuclear Facility)
It is agreed that:*
l.) Condition 2 11 INSPECTION; SUSPENSIOW is replaced by the following:
2 INSPECTION; SUSPENSION The companies shall at any time be permitted but not obligated to inspect the facility and all operations relating thereto and to examine the insured 1s books and records as far as they relate to the subject of this insurance and any property insurance afforded the insured through American Nuclear Insurers.
If a representative of the companies discovers a condition which he believes to be unduly dangerous with respect to the nuclear energy hazard, a representative of the companies may request that such condition be corrected without delay.
In the event of noncompliance with such request, a representative of the companies may, by notice to the named insured, to any other person or organization considered by the companies to be responsible for the continuation of such dangerous condition, and to the United States Nuclear Regulatory Commission, suspend this insurance with respect to the named insured and such other person or organization effective 12:00 midnight of the next business day of such Commission follow-ing the date that such Commission receives such notice.
The period of such suspension shall terminate as of the time stated in a written notice from the companies to the named insured and to each such person or organization that such condition has been corrected.
Neither the right to make such inspections and examinations nor the making thereof nor any advice or report resulting therefrom shall constitute an undertaking, on behalf of or for the benefit of the insured or others, to determine or warrant that such facility or operations are safe or healthful, or are in compliance with any law, rule or regulation.
In consideration of the issuance or continuation of this policy, the insured agrees that neither the companies nor any persons or organizations making such inspections or examinations on their behalf shall be liable with respect to injury to or destruction of property at the facility, or any consequential loss or expense resulting therefrom, or any loss resulting from interruption of business or manufacture, arising out of the making of or a failure to make any such inspection or examination, or any report thereon, or any such suspension of insurance, but this provision does not limit the contractual obligations of the companies under this policy or any policy affording the insured property insurance through American Nuclear Insurers.
NE-51 Page 1 of 2 (l/1/81)
(over)
~ IF 0
V e
2.)
The definition of 11 insured shipment 11 in Insuring Agreement III, 11 DEFINITIONS 11
, is replaced by the following:
11 insured shipment 11 means a shipment of source material, special nuclear material, spent fuel, waste, or tailings or wastes produced by the extraction or concentration of uranium or thorium from any ore processed primarily for its source material content, herein called 11material", (l) to the facility from any location except an indemnified nuclear facility, but only if the transportation of the material is not by predetermination to be interrupted by removal of the material from a transporting conveyance for any purpose other than the continuation of its transportation, or (2) from the facility to any other location, but only until the material is removed from a transporting conveyance for any purpose other than the continuation of its transportation.
Effective Date of January l, 1981 NF 240 this Endorsement ____ --:-:::--,:-,--:---:-:-----=---=---:-=-------To form a part of Policy No ___
12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 22, 1980 Endorsement No ____
3_2 ___ _
Countersigned by _______ _
NE-51 Page 2 of 2 (l/1/81)
L_
e e
NAMED IN'-URED ___
v_i r_g_i_n_i a_E_l_ec_t_r_i _c _&_Po_.,.,_e_r_c_o_mp;...a_n.;...y ___________ _
POLICY NO.
NF-24o, MF-95 LIMIT OF LIABILITY
$160 MILLION PREPARED BY ___ P_._cr_o_n_i n ______ DATE PREPARED December 16, 1980
~\\
ENDORSEMENT NO.
~
NEL-PIA INVOICE NO.
Status Unit 1 Unit 2 Base Premium Unit l Unit 2 2775 Mwt.
2775 Mwt.
$33,000.00
$33,000.00 Premium at Limits
. Unit l Unit 2
$339,450.00 (a)
$134,280.00 (b)
Total
$473,730.00 (a) Includes 10% inflation factor applied to base ~remium.
(b) Includes 10% inflation factor applied to base premium and multi-reactor discount.
NELIA:
$473,730.00. x
.775
= $367,140.75 MAELU:
$473,730.00 x.225
=
106,589.25
$473,730.00 Commission
$ l O, 000 X
10%
15,000 X
5%
75,000 X
3%
373,730 X. l %
Reserve Premium Standard Premium Less Commission Less 23% of S.P.
Reserve Premium NELIA Only
=
=
=
=
1981 Advance Premium
$1,000.00 750.00 2,250.00 3,737.30
$7,737.30
$473,730.00 7,737.30 465,992.70 108,957.90
$357,034.80 Gross
$367,140.75 NELIA:
$5,996.41 MAELU:
1,740.89
$7,737.30