ML18141A046

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Forwards Endorsements 70,53,32 & 43 to Nelia & Maelu Policies NF-186,MF-57,MF-96 & NF-240,respectively, Endorsements 1-6 to Nelia Certificates N-27 & N-28 & Endorsements 1-3 to Maelu Certificates M-27 & M-28
ML18141A046
Person / Time
Site: Surry, North Anna, 05000000
Issue date: 07/05/1983
From: Painter B
VIRGINIA POWER (VIRGINIA ELECTRIC & POWER CO.)
To: Dinitz I
Office of Nuclear Reactor Regulation
References
NUDOCS 8307130068
Download: ML18141A046 (54)
v • d • e


Text

  • e Vepco VIRGINIA ELECTRIC AND POWER COMPANY, RICHMOND, VIRGINIA 23261 July 5, 1983 Mr. Ira Dinitz Indemnity Specialist Anti-Trust and Indemnity Group Nuclear Reactor Regulations U.S. NUCLEAR REGULATORY COMMISSION Washinton, D. C. 20555

Dear Mr. Dinitz:

Enclosed are copies of premium endorsements which were added to our nuclear .. liability policies. These endorsements are being forwarded to you to be attached to the previous file policies for our Nuclear Power Stations, North Anna and Surry. Should you have any questions pertaining to this matter, please advise.

Yours truly,

~#.~ltLJ Brenda F. Painter Insurance Coordinator Casualty BFP/jke Enclosed 5ovd-<iS'O)d~() 33?;}33qf~

(- 8307130068 830705 - - - -

PDR ADOCK 05000280

~ P~R  ; i

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eNuclear Energy Llablllty Insurance e NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 1982 It is agreed that Items la. and lb. of Endorsement No. 64 are amended to read:

la. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $ 453,158.00 lb. 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: $ 342,075.08 Return Premium: $17,222.44 Thia is to oertify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Nuclear Energy Liability Policy (Facility Form) as des-1 ignated hereon. No Insurance. is a.ttorded hereunder.,

\ ~. .

John L~rocchi, Vice President-Liabnity nderwriting American Nuclear Insurers Effective Date of this Endorsement _J_a_n-:u;-;;ar.:-:y~l;:-",-.-;-l-::;98::-:2:--:--:-:-:--------T-o form a 'PBrt<of 'Po1icy No__N_F_-_1_8_6_ __

12:-01 -A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue __ Ap_r_i_*1_2_1_,_1_9_8_3_ _

Endorsement No _ _ _7_0_ _ __ Countersigned by_ _ _ _ _ _ _ _ _ __

NE-36

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NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS

1. AMENil-1ENl' CF AIJJANCE PREMIUM ENOORSEMENI'
2. srANDARD PREMIUM AND RESERVE PREMIUM ENOORSEMENI'
3. ru::rum PR'IUM aJE
1. Advance Pranium It is agreed that the Amended Advancs. Premium due the ccrnpanies for the calendar year 1982 is $131,562.00

-i. stanaara -Premium and. Pese~e Premium Subject to the provisions of the Industry Credit Rating Plan, it is agreed that the Standard Premium and Reserve Premium for the calendar year designated above are:

Standard Premium $131,562.00 Reserve Premium $ 99,312.12

3. Retw:n Premium $5,000. 06 Effective Date of To fonn a part this Endorsement January 1, 1982 of Policy No. MF-57 Issued to Virginia Electric & Power Company Date cf IZ3Ue April 21, 1983 For the Subscribing Crnipanies ATCMIC ENm LIAB~LI:;:c U N D ~

By -\\ ~ ~ , ~-44,k<d:~$!~

Endorserrent No. 53

  • countersigned by th Au* or1
zed Representative This is to oerti:fy that this is a true oopy o~ the original Endorsement having the endorsement number and being made part ME-36 of the Nuclear Energy Liability Pol1o;v (Fao111t;y form), aa d*s~

ignated hereon. No Insurance is11a:f'i'orded**hereund.er *

.1  :-8.~

John ~ttrocchi, Vice President*Liabtlity Underwriting American Nuclear Insurera

  • NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS
2. STANDARD PREMIUM AND RESERVE PREMIUM ENOORSEMENI'
3. REIURN PRE11IUM aJE
1. Advance Pranimi It is agreed that the Amended Advancs- Prenium due the a::mpanies for the calendar year 1982 is $111,470.63
2. Standard Premium and Peserve Premium Subject to the pr01Tisions of the Industry Credit Rating Plan, it is agreed that the Standard Premium and Reserve Prem.um for the calendar year.designated al::x:Jve are:

Standard Prenium $111 ,47Q.63 Reserve Pre:nium *. $ 84 , 04 2 . 68

3. Retum Premium $8,080.87 Effective Date of To fonn a part this Endorserent _ _J_a_nu_a_r.....y_l__ , -'1""'""9..; ;.8=2_ __ of Policy No. MF-96 Issued to
  • Virginia Electric Power Company Date cf Iz.:;u_e __A_,_p_r_i_l_2_5___, _1_9_8_3_ _ __

For the Subscribing Conpanies Endorserrent No. 32 ME-36

v I

  • ~uclear Energy Llablllty Insurance

. e NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR-1982 ----

It is agreed that Items la. and lb. of Endorsement No._37__

are amended to read:

la. ADVANCE *PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: * $ 383,954.38 lb. 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: $ 289,480.33 Return Premium: $27,834.12 This is to certify that _this is a true copy of the original Endorsement having the endorsement number and being made part of the Nuclear Energy Liability Policy (I!'ao ity Form) ~s des-ignated hereon. -~uranoe 1s afforded he . uruler,
--8.~~~~

John L." Qul\ttrocchi, Vice President-Liability Underwriting American Nuclear li\11ourers Effective Date of this Endorsement January 1, 1982

:1;-;;2;:;:o-=-1--;A;-..';;M:-.~S:--:ta-=-n-.-da-r-.-d-:;:Tc:--im_e_____

To form a part of Policy No NF-240

~'--'..........- - - -

Issued to Vi rgi ni a Electric Power Company

  • Date of Issue Apri 1 25, 1983 Endorsement No 43
  • Couniarsigned by_ _ _ _ _ _ _ _ _ _ __

NE-36

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  • 'I I '-' I NUCLEAR ENERGY LIABILITY INSURANCE

._ r MUTUAL "ATOMIC ENERGY LIABILITY UNDERWRITERS I

/ I

/

ENDORSEMENT TO CERTIFICATE NO. M-28 Forming Part of Master Policy No:-T Nuclear Energy Liability Insurance (Secondary Financial Protection)

ANNUAL PREMIUM ENDORSEMENT It is agreed that the Annual Premiums applicable to the periods desig~ated below are as follows:

For Calendar Year 1978 Effective Date January l, 1978 Annual Premium $1,350.00 For Calendar Year 1979 Effective Date January l, 1979 _,

Annual Premium $1,350.00 For Calendar Year 1980

  • Effective Date January 1, 1980 Annual Premium $1,350.00 For Calendar Year 1981 Effective Date.January 1, 1981 Annual Premium $1,350.00 For Calendar Year 1982 Effective Date January 1, 1982 Annual Premium $1,350.00 Virgl-rfia Electric & Power Company l88U8 to-----------------------------------

Date of IBBu,.,__De_c_e_m_b_e_r_l5_,_1_9_8_2________

For the Subscribing Companies ERWHITERS EndorBOment No. _ _ _..___ __ Countcrnigncd hy - - - - - - - - - - - - - - - -

,\ UT 110111:r.t:IJ I! *:1*111:.~1:NTA Tl \'t:

ME-S-3 i

\. r >> r MUTUAL ATOMIC -ENERGY LIABILITY UNDERWRITERS ENDORSEMENT TO CERTIFICATE NO. M-28 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Fi nanci a1 Protection)

It is agreed that Item 4.(a) of the Declarations is amended to read as follows:

Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit(s) of 1i ability thereof:

Nuclear Energy Liability Insurance Association s 1 Pol icy NF- 186 $124,000,000 Mutual Atomic Energy Liability Underwriters*

Policy MF- 57 $36,000,000 Isaueto Virginia Electric & Power Company December 15, 1982 Date of I B B U " " - - - - - - - - - - - - - - - - -

For the Subscribing Companies ER WHITERS 2

Endornomcnt N o . - - - - - - - Countcniignccl hy - - - - - - - - - - - - - - - -

A llTII 01111.t:11 I h:1*111:.~1:NTATI \'t:

ME-S-2

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\ I ...I J NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS

  • ANNUAL PREMIUM ENDORSEMENT Calendar Year 1983 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ l,350.00

'£his is to certify tha"t this is a i:;rud uu_py 01' the original

+ bavi* nl" ti-:ie endor.:iemE,n1; ::icL1ber a.nd being r:1ade part En d orsemen u **~ * -, * ,

  • d of the Nuclo::..r E:.'le!'GY Liability FoLoy (11 ac1.L.ty Form) as es~

On N0

, Insuranc" is afforded hereunder.

igna t e d ereh * ~ .

John L. Quattrocchi, Vice President-Liability Underwriting American Nuckni" Insurers Effective Date of To form n rrnrt this Endorsement _ _ _ _ Ja_n_ua_r--'y'--l_,_1_9_8_3____ of Certificate No. M-28 Issue to Virginia Electric & Power Company Date of Issue December 15, 1982 For lhc Sulisc:rihin~ Companie!'!

Ml~UAL ATOMIC ENEHCY LIA!HLITY U By

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Endorncmcnt No. _ _ _.c::3_ _ __ Counl<!n,ij.!ncd by

,\ IITIIOl<IZf:11 f(f:l'llf::-H:NTATl\'t:

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MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS Cert ifi ca te No. -M- - - -

Forming Part of Master 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 Declarations are named insureds under the Master Policy -

Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the "Master Policy", issued by Mutual Atomic Enerqy Liability Underwr-i ters.

Such insurance as is provided by the Master Policy applies, through this certificate, only:

(a) to the insureds identified in Items 1 and 2 of the Declarations, (b) for the cert i fi ca te .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 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 MSFC-1 (l/1/83) Po9c l

(

~ f (3) which is discovered and for which written 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 by an 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 twenty years after the date of the extraordinary nuclear occurrence.

Declarations Item 1. Named insureds and addresses:

(a) Virginia Electric &Power Company - P.O. Box 26666, Richmond, Virginia 23261 (b)

Item 2. Adpitional insureds: -

Any other person or organization who would be insured under the primary financial protection identified in Item 4 of the Declarations but for exhaustion of the limit of liability of such primary financial protection. -

Item 3. Description and location of nuclear reactor: Unit 2 of the Surry Power Station located in Surry C?unty, Virginia Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

Nuclear Energy Liability Insurance Association's Pol icy NF- 186 $108,500,000 Mutual Atomic Energy Liability Underwriters' Policy MF-57 $31,500,000 Page 2 of Certificate No. _M:1_s_

t

  • ,.i I (b)

( __:;-~*

The following endorsements. attached to the primary financial protection policies 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:

Unit 1 of the* Surry Power Sta ti on Item 5. limits of liability: The amount of retrospective premium actually received.by the companies plus the amount of the companies' con-tingent liability, i-f any, pursuant to Conditions 2, 3 and 4 of the Master Policy.

Item 6. Certificate Period: Beginning at 12:01 a.m. on the first day of

.~* . . .

  • August, 1977 and continuing to the effective date and time of cancellation or termination of the Master Policy or this certificate, whichever first occurs, eastern standard time.

Item 7. Maximum retrospective premi~m (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. Premium payable pursuant to Condition l of the Master Policy for the period from August l, 1977 through December 31 fo 11 owing:

$ 565.65 Page 3 of Certificate No. M-'"""2~8~

(:'.ftlND FOR PAYMENT OF. RETROSPE&~-REMIUMS AKnow 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 of Insurance and Declarations. The named insureds do hereby covenant with and are held and are firmly bound to the members of Mutual Atomic Energy Liability Underwriters subscribing the Master Policy (here-inafter called the 11 companies 11 ) to pay to the companies all retrospective premiums and allowances for premium taxes which shall 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 payment 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 companies 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 will indemnify 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 compan1es 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. M- 28

J'

  • ~* '

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The preceding Certificate of Insurance, Declarations and Bond fonn 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 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 ar:d sealed by a duly authorized officer, to b.e effective August 1 , 1977 eastern standard time.

Virginia Electric & Power Company (Named Insured - Type or*Print) .*

By q, :T'~

°p'1g~ature of Officer) .

(SEAL)

(Type oqJ__nt Date:

Jte J. T. Rhodes, V.P. Administrative Service~:

"Z/ 8

& Title of Officer)

'"'2--- .

(Named Insured - Type or Print)

By_ _ _ _ _ _ _ _ _ _ _ _ _ (SEAL)

(Signature of Officer)

(Type or Print Name & Title of Officer)

Date: ____________

(Named Insured - Type or Print)

By_*~--------------~(SEAL)

(Signature of Offi~er)

(Type or Print Name & Title of Officer)

Date: - - - - - - - - - -

Page 5 of Gertificote No. M-2_~-

e,;..... *

  • ,lo,;,, .... '

s, c,e (:9 IN W.ITNESS WHEREOF, the companies subscribing the Master Policy have caused the Certificate of Insurance and the Declarations to be signed on their behalf by Mutual Atomic Energy Liability Underwriters to be effective August 1, 1977 eastern standard time, and countersigned below by a duly authorized representative.

Attest or Witness For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITER

1-~~--- BY:\~ .*:c:_ , ~~~~~~

  • ~ A'* t* orized Agent Subscribing Compa~ies ~ROPORTION OF 100%

American Mutual Liability Insurance Company, Wakefield, MA 15.0000000 Employers Insurance of Wausa_u, A Mutual Company, Wausa_u, WI 15.0000000 Liberty Mutual Insurance Company, Boston, MA 30.0000000 Lumbermens Mutua 1 Casualty Company, Long Grove, IL 30. 0000000 Michigan Mutual Insurance Company, Detroit, MI 5.0000000 Sentry Insurance, A Mutual Company, Stevens Point, WI 5.0000000 Page 6 of Certificate No. M- 28

(e NUCLEAR ENERGY LIABILITY INSURANCE

  • c-e

-,j MUTUAL ATOMIC ENER~Y LIABILITY UNDERWRITERS ENDORSEMENT TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Fi~ancial Protection)

It is agreed that the first paragraph of Condition 6., PRIMARY FINANCIAL PROTECTION, is amended to read as follows:

Regardless of the number of policies or contracts of primary financial protection applicable to a nuclear incident, the limit of liability of all such policies or contracts shall be deemed to be exhausted when the sums paid under all such policies or contracts are equal to the lesser of (1) the sum of the limits of liability available under all such primary financial protection, or (2) one hundred sixty million dollars.

Effoctivo Date of May l , 1979 To form n part this EndorB<Jment - - - - ' - - - - - - ' - - - - - - - o f Master Pol icy Na 1 Isa uO to __:.M. .:. :a: . : s:. . :t~e:. .'. . r~P.::::.0:._l. :. ;iC:: . Vc__..:;W:. .' . .h:. . :.i~c.:. :. h_,....,*se.. . . . !i. !. !n---"-the:'-'-:'. . . . ,C,. ,.U,. .Sc..,.t""o., . dy.,__....,o.wf_tb_e...J:Lu.c 1ea r .,fter 1a t a cy Comm j s s j an Date of Iaim*u.__D_e_c_e_m_be_r_l_5_.,_1_98_2_ _ _ _ _ _ __

@/j) ~

For the Subscri IJing Cornpames - 0/jo.,

... q-..~/

{;

,, -~11 I //'/

ILITY b' Ert\V1rfTERS

  • l/

Endorncmen t No. _ _l.:...__ _ __ Counlernignecl liy - - - - - - - - - - - - - - - -

/\ UT 1101111.f:fl 111:1*111:.~1:NTATI \'t:

ME-S-1

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. ' J Nuclear Energy Liability lnauranc.

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. N-28 Forming Part of Master Policy N ~

Nuclear Energy Liability Insurance (Secondary Financial Protection)

ANNUAL PREMIUM ENDORSEMENT It is agreed that the Annual Premiums applicable to the periods designated below are as follows:

For Calendar Year *1973 Effective Date January 1, 1978 Annual Premium $4,650.00 For Calendar Year 1979 Effective Date January 1, 1979 Annual-Premium $4,650.00 For Calendar Year 1980 Effective Date January 1, 1980 Annual Premium $4,65U.00 For Calendar Year 1981 Effective Date Janua~ 1, 1981 Annual Premium $4,650.00 For Calendar Year 1982 Effective Date January 1, 1982 .*

Annual Premium $4 ,65U .00 Th1'3 is to certify that this 18 a -r.r11e copy o:f the original Endorsement having the endo: :, .. , *Jer and being made part o.i :;he Nuclear EnerJY Lia. *. ~., . 0 * ... ,x/ {I,'::i.cili ty Form) as des-ignated hereon. No ; ; ;:

  • a.,., v, d,*>d hereunder ,

,:**,i ' . **:*.

Effective Date or N-28 this Endorsement as stated above To form a part of Certificate No.----

12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 15, 1982 Endorsement No _ _ _ l _ _ _ __ Countersigned by_ _ _ _ _ _ _ __

NE-S-3

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Nuclur En*rgy Llablllty lnaunince NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION

- ENDORSEMENT TO CERTIFICATE NO. N-28 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Item 4.(a) of the Declarations is amended to read as follows:

Item 4.(a) Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

Nuclear Energy Liability Insurance Association's Policy NF- 186 $124,000,000 1

Mutual Atomic Energy Liability Underwriters Policy MF- 57 _ ~- ... , coyj J.,_6 ;~0,0,0,, OOQinal

  • t"fy that. thL;s iS a ,,.L,lw ' * .*. ,; b<>~I1g made part hi 1s to cer -'- , _., -, 1e.L ,:1.n,.. ~.,_ d ,

T s ' t lnvir..g t::,a o,*t:_.._:,_.: ,1. ,w * * : * .* r /'-t.,::.cili ty Form) as es-.

Endorsemen

  • I .... ; ... i _. o _1 -' , . , * - ,
  • -C' the Nu~"le"c..-T' ;:;*.rnrc'.:J ,.1. ;, .. * ' -- iJ..:_.,_u~ ,-1~--u.

h - *- * **** . , ,. ere under, v 0 In""u:rc.t.:w;.; ;..,

jj 0.1.

ignau. ed hereon . .'l , "

Effective Date of this Endorsement May 1, 1979 To form a part of Certificate No.

N-28 12:01 A.M. Standard Time lssuedto Virginia Electric & Power Company Date of Issue December 15, 1982 2

Endorsement No Counter:ilgned by_ _ _ _ _ _ _ __

NE-S-2

ce ce Nuclear Energy llablllty lnauranc.

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1983 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 4,650.00

. I

,1, .. ,'"' 1 .~ to certify that this is a trite copy of the original

" - *or :rn End ~

ue n t h
r;i '1;?; t;1a enc.orsm1en c* numb*er an d b e ing
  • ma d e P a1*-t-~

of tllv ?Juclear Bnergy Liability Po1_iCY. {_Faoil~ty ~arm) as des-

... *,d he-eon i gnc1 l,\., J ~ I

,io Insurance is affordaa hereunder.

~oit11 L. ,,;i:~tt rnt:::iii, Vke t'reeident*t.~bllity Uilli~n-<<iting

,*.1:1eon*::lil .~Ucll"tl.r [1i2iu.rer.:s Effective Date of mIs Enaorsemen t _ _ _ _--!'J'='a~n~1.... ,a~r""y_~]='.~]~9'""8""3~,--------To form a part ot' 12:01 A;M. StMdard Time Ce rt i f i ca te__...N,_-__.2..,.8'-------

lssut:d to Virginia Electric & Power Company Date of l:i:sue December 15, 1982 Endorsement No 3 Countersloned by_ _ _ _ _ _ _ __

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Certificate No. -

N- - - -

Forming Part of Master Policy No. 1 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 1 of the Declarations are named insureds under the Master Policy -

Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the "Master Policy 11 ,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 identified in Items 1 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 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 NSFC-1 (1/1/83) Page 1

(<*

. ~ .

\ *-

(3) which is discovered and for which written 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 by an 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 twenty years after the date of the extraordinary nuclear occurrence.

Declarations Item 1. Named insureds and addresses:

(a) Virgini'a Electri.c & Power Company -.* P.O. Box 26666, Richmond~ Virginia 23261 (b)

Item 2. Additional insureds:

Any other person or organization who would be insured under the primary financial protection identified in Item 4 of the Declarations but for exhaustion of the limit of liability of such primary financial protection.

Item 3. Description and location of nuclear reactor: Unit 2 of the Surry Power Statio1 located in Surry County, Virginta.

Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

Nuclear Energy Liability Insurance Association's Policy NF- 186 $108,500,000 Mutua 1 Atomic Energy Li abi 1ity Underwriters 1 Policy MF- 57 $ 31,500,000 Page 2 of Certificate No. N- 28

  • ' I.. "-

(b)

( -

The following endorsements, attached to the primary financial protection policies 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 1imits of 1iabil ity provided under the primary financial protection specified in Item 4 (a) above are not shared with any other reactor except as follows:

Unit 1 of the Surry Power Station.

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 12:01 a.m. on the first day of August, 1977 ,, and continuing to the 'effective date and time of cancel-

  • I O I,' 1 *.

lation or termination of the Master Policy 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: $3,875,000.

Item 8. Premium payable pursuant to Condition l of the Master Policy for the period from August l, 1977 through December 31 following:

$1,948.35 Page 3 of Certificate No.N-28

( ... -*<**

BOND FOR PAYMENT OF RETROSPECTIVE 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 of Insurance and Declarations. The named insureds do hereby covenant with and are held and are firmly bound tQ the members of Nuclear Energy Liability Insurance Association subscribing the Master Policy {hereinafter called the -11 companies 11 ) to pay to the companies all retrospective premiums and allowances for premium taxes which shall 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-ment ...

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 unt1l 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 companies 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 will indemnify 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 {l) 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.

. t ,t.

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 Master Policy.

IN WITNESS WHEREOF, the named insureds have caused this Certificate, these Declaration*s and this Bond for Payment of Retrospective Premiums, to be signed and sealed by a duly authorized officer, to be effective August 1, 1977 eastern standard time.

Attest or Witness Named Insureds:

Virginia Electric & Power Company (Named Insured - Type or Print)

By_(b - ~ ~ (SEAL)

~nat_ure of Officer)

J. T. Rhodes, V.P. Administrative Services (Type or P7r*nt Nc3fe & Title of Officer}

Date: q _Z/ /8 Z-

  • I I (Named Insured - Type or Print)

By_ _ _ _ _ _ _ _ _ _ _ _ (SEAL)

(Signature of Officer}

(Type or Print Name & Title- of Officer)

Date:

(Named Insured - Type or Print)

By_ _ _ _ _ _ _ _ _ _ _ _ _ (SEAL)

(Signature of Officer)

(Type or Print Name & Title of Officer)

Date: -------------

Page 5 of Certificate No.N- 28

I,

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IN WITNESS 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 August 1, 1977 eastern standard time, and countersigned below by a duly authorized representative.

Attest or Witness For the Subscribing Companies of Page _6~ of Certificate No. _N_-2_8~~

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. *, J Nuclear Energy Liability ln1unmce ...

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEHENT TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITI INSURANCE (Secondary Financial Protection)

  • It is agreed that the first paragraph of Condition 6., PRIMARY FINANCIAL PROTECTION, is amended to read as follows:

Regardless of the number of policies o*r contracts of primary financial protection applicable to a nuclear incident, the limit of liability of all such policies or contracts shall be deemed to be exhausted when the sums paid under all such policies or contracts are equal to the lesser of (1) the sum of the limits of liability available under all such primary financial protection, or (2) one hundred sixty million dollars.

Effective Date of thrs Endorsement May 1, 1979 To form a

. 1 2: 01 A. M. St and a rd Ti rn e 1

_....._...._,......_......,_..,_....,,._"-'".__,._"'"-'....._~........_.._-

  • 1s sued to Master Policy which is in the custody of the Nuclear Date ~f ls~ue December 15, 1982 Endorsement No Countenslcn&d by_ _ _ _ _ _ _ __

NE-S-1

J Nuclur Energy Llablllty lnaur-Ance ...

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBSCRIBING COHPANIES AND THEIR PROPORTIONATE LIABILI'IY ENDOlli?EHENT -- TO MASTER POLICY NO. l NUCLEAR ENERGY LIABILI'IY INSURANCE (Secondary Financial Protection)

Calendar Year 1978

!* It is agreed that with respect to (i) bodily injury or property damage to which this Master Policy applies, caused during the effective period of this endorsement, and (ii) contingent liacrility as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with, respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation-assumed or expense incurred under this Master Policy.
2. It is agreed that the effective period of.this endorsement is from*

the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

Effective Date of anuary T, 1978 this Endorsement_-_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ To form a part of Haster Policy No.

J_

1

  • 12:01 A.M. Standard Time
  • Issued lo Master Policy which is in the custody of the Nuclear Regulatory Commission Date of ls:iue December 15, 1982 Endorsement No 2 Counter:ilonod by _ _ _ _ _ _ _ __

NE-5-4

J c* Nuclu.r Energy Liability ln1unznce

(;.*.*-

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBSCRIBING CONPANIES AND TIIEIR PROPORTIONATE LIABILITY ENDOR!;>EHENT -- TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

Calendar Year 1979 l- It is agreed that with respect to (i) bodily 1nJury or property damage to which this Has ter Jolicy applies, caused during the effective period of this endorsement, and (ii) contingent liability as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with.

respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation assumed or expense.incurred under this Master PC?licy.
2. It is agreed that the effective period of thls endorsement is from*

the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

I * ._i

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Effective Date of this Endorsement January T, 19 79 Toformapartof Ma_st~~*foli'7Y No. 1 12:01 A.M. Standard Time Issued to Master Policy which is in the custody of the Nuclear Regulatory ConTI\ission Date of ls5ue December 15, 1982 Endorsement No 3

Countor5fonod by_ _ _ _ _ _ _ _ __

NE-S-4

( .*

-~:. '. ~~

Nucle.ar Energy llablllty lnaurJinc.

NUCLEAR ENERGY LIABILITY INSURANCE ASS0CIAT10N SUBSCRIBING cmIPANIES i\ND TIIEIR PROPORTIONATE LIABILITY ENDO~EHENT -- TO H.1\STER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

Calendar Year 1980

1. It is agreed that with respect to (i) bodily inJury or property damage to which this Master ~olicy applies, caused during the effective period of this endorsement, and (ii) contingent liaoility as provided in Condition 4 for excess losses because re*trospective premium due under one or more certificates with.

respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation .. assumed or
  • expense incurred under this Master Policy.
2. It is agreed that the effective period of this endorsement is from*

the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date.and time of the cancellation or other termination.of this Master Policy, whichever first occurs, eastern standard *time.

(see reverse side for list of subscribing companies)

.. , . ~~ .....

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Effective Date of this Endorsement January 1 , 1980 Toformapartot Haster Policy No. 1 12:01 A.M. Standard Time Issued to Master Po 1 icy which is in the custody of the Nuclear Regulatory Commission Date of ls~ue December 15, 1982 Endorsement No 4 Counter:1lonod by_ _ _ _ _ _ _ __

NE-S-4

(:. ce Nuclear Energy Llablllty lnaunmco NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBSCRIBING COMPANIES AND TIIEIR PROPORTIONATE LIABILITY ENDORSEMENT -- TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

Calendar Year 1981 1-. It is agreed that with respect to (i)' bodily injury or property damage to which this Master P.~licy applies, caused during the effective period of this endorsement, and (ii) contingent liability as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation assumed or expense incurred under this Master Policy.
2. It is agreed that the effective period of this endorsement is from the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

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Effective Date of January 1, 1 981 ...... . *.

thrs Endorsement ________:-c--=----=--------To form a part of Has ter* P:olicy No. *1 12:01 A.M. Standard Time **!( * . * . . *,*

Issued to Master Policy which is in the custody of the Nuclear Regulatory Commission ..

Date of Issue December 15, 1982 Endorsement No 5 Countersloned by _ _ _ _ _ _ _ _ _ _ _ _ _ _

NE-S-4

ce'.

ce Nuclur Energy Llablllty Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBSCRIBING COHPANIES AND THEIR PROPORTIONATE LIABILITY ENDORS_EHENT -*- TO :MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financiai Protection)

Calendar Year 1982 L It is agreed that with respect to (i) bodily injury or property damage to which this Master l'._olicy applies, caused during the effective period of this endorsement, and (ii) contingent lia~ility as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with.

respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.

c~ Each such company shall be liable only for its proportion designated next to its name of any obligation assumed or expense incurred under this Master Policy.

2. It is agreed that the effective period of this endorsement is from the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

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Effective Date of January 1 , 1982 this Endorsemenl _____________________ To form a part of Has ter Policy No. 1 12:01 A.M. Standard Time rssuedto Master Policy which is in the custody of the Nuclear Regulatory Commission Date of rs~ue December 1 , 1982 Endorsement No 6 Counter~lon&d by_ _ _ _ _ _ _ __

NE-S-4

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NUCLEAR ENERGY LIABILITY INSURANCE C/.

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MUTUAL 'ATOMIC ENERGY LIABILITY UNDERWRITERS ENDORSEMENT TO CERTIFICATE NO. M-27 Forming Part of Master Policy N~

Nuclear Energy Liability Insurance (Secondary Financial Protection)

ANNUAL PREMIUM ENDORSEMENT It is agreed that the Annual Premiums applicable to the periods:

designated below are as follows:

For Calendar Year 1978 Effective Date January 1, 1978 Annual Premium $1,350.00 For Calendar Year 1979 Effective Date January 1, 1979 Annual Premium $1,350.00 Fa~ Calendar Year 198~

Effective Date January 1, 1980 Annual Premium $1,350.00 For Calendar Year 1981 Effective Date January _l, 1981 Annual Premium $1,350.00 For Calendar Year 1982 Effective Date January l, 1982 Annual Premium $1,350.00 Effective Date of To form n part M 27 this Endorsement as stated above of Certific at

. . ......e........W

.....c....1* - - - - * - - - - - - - -

Virgiffla Electric & Power Company IBBue t o - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Date of lsaueu-__D_e_c_e_m_b_er_l_5__,_1_9_82_______

For the Subscribing Companies ERWIUTERS l

Endorsement No. - - - - - - - Countcrnignccl hy - - - - - - - - - - - - - - - -

ME-S-3

MUTUAL ATOMIC ENERGY, LIABILITY UNDERWRITERS ENDORSEMENT TO CERTIFICATE NO. M-27 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Item 4. (a) of the Declarations is amended to read as fol lows:

Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

Nuclear Energy Liability Insurance Association's Policy NF- 186 $124,000,000 Mutual Atomic Energy Liability Underwriters' Policy MF- 57 $36,000,000 Virginia Electric & Power Company lsaue t o - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Date of Issuu__D_e_c_em_b_e_r_l_5_,_1_9_82________

For the Subscribing Companies ER WHITERS EndorR-Orncnt No. __2_ _ _ _ __ Counternignccl b y - - - - - - - - - - - - - - - - -

AllTJl(lUJU:11 ll*:r111::11:NTAT1n:

ME-S-2

(,** ce NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Year. 1983 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $1,350.00 John L. Quattrocchi, Vice President-Liability Underw.iting American Nuc!eti.r Insurers Effective Date of To form n oart this Endorscmen t ____J_a_n_u_a_ryc....-_l_,_1_9_8_3____ o( Ce rt if i ca te No. M-27 Virginia Electric & Power Company Issue t o - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Date of I88 u 0 December 15, 1982 For the Subscribing Companie!'!

En<lonwmcnt No. ____3_ _ __

/I I IT II OHi 1.t:11 J ! t:1*111:,H:N TA Tl\ t:

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c,e MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS Certificate No. M- 27 Forming Part of Master Policy No.

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 1 6f the Declarations are named insureds under the Master Policy -

Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the "Master Policy", issued by Mutual Atomic Ener9y Liability Underwriters.

Such insurance as is provided by the Master Policy applies, through this certificate, only:

(a) to the insureds identified in Items 1 and 2 of the Declarations, (b) for the certificate period stated in Item 6 of the Declarations, (c) t6 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 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 MSFC-1 (l/1/83) ra~c l

~,,.

(j) which is discovered and for which written.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 by an 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 twenty years after the date of the extraordinary nuclear occurrence.

Declarations Item 1. Named insureds and addresses:

(a) Virginia Electric &Power Company - P.O. Box 26666, Richmond, Virginia 23261 (b)

Item 2. Additional insureds:*

Any other person or organization who would be insured under the primary financial protection identified in Item 4 of the Declarations 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 Surry Power Station located in Surry County, Virginia.

Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

Nuclear Energy Liability Insurance Association's Pol icy NF- 186 $108,500,000 Mutual Atomic Energy Liability Underwriters' Pol icy MF- 57 $ 31,500,000 Page 2 of Certificate No. _M:zL

I" (b}

(*****

The following endorsements, attached to the ~rirnary financial protection policies listed in Item 4 (a} also apply to the insurance afforded by the Master Policy through this certificate as though they were attached hereto:

{l) Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2) Supplementary Endorsement - Waiver of Defenses - Reactor Construction at the Facility, (c} The limits of liability pro~ided under the primary financial protection specified in Item 4 (a} above are not shared with any other reactor except as follows:

Un1t 2 of the Surry Power Station Item 5. limits of liability: The amount of retrospective premium actually received by the companies plus the amount of the companies' con-

. -~*. '!".

tingent liabi1ity~ H any, pursuant to Conditions 2, 3 and 4 of the Master Policy.

Ite~ 6. *Certif~cate Period: Beginning at 12:01 a.m. on the first day of August, 1977 and continuing to .the effective date and time of cancellation or termination of the Master Policy or this certificate, whichever first occurs, eastern standard time.

It;~~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. Premium payable pursuant to Condition J of the Master Policy for the period from August 1 , 1977 through December 31 following:

$ 565. 65 Page 3 of Certificate No. M-_2_7~

..., I

(-_' 60 FOR PAYMENT OF RETROSPEC(,'.ltREMIUMS

'* J-Rnow 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 of Insurance and Declarations. The named insureds do hereby covenant with and are held and are firmly bound to the members of Mutual Atanic Energy Liability Underwriters subscribing the Master Policy (here-inafter called the "companies") to pay to the companies all retrospective premiums and allowances for premium taxes which shall 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 allowan~es for taxes to be computed at the rate provided in the Master Policy from the date payment 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 a!]d payable sworn to by a duly authorized representative of the companies 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 will indemnify the companies against any and all liability, losses and expenses of whatsoever kind or nature (including but not limited to interest, court cost~, and counsel fees) which the companies may sustain or incur (l) 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. M- 27

I r, .l*

The preceding Certificate of Insurance, Declarations and Bond fonn a part of the Master Policy. Cancellation or termination of the Master Policy or the Certificate of Insurance shall not affect the named insured 1 s obligations under the policy or the Bond to pay the retrospective premiums and allowance-s 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 August 1, 1977 eastern standard time.

Virginia Electric & Power Company By a~

(Named Insured - Type or Print)

(J,, r:

~ignature of Officer)

(SEAL)

J. T. Rhodes, V~P: Administrative Services (Type or Print Name & Title of Officer)

Date:~{d__?---- __

(Named Insured - Type or Print)

By (SEAL)

(Signature of Officer)

(Type or Print Name & Title-of Officer)

Date:

(Named Insured - Type or Print)

By (SEAL)

(Signature of Officer)

(Type or Print Name & Title of Officer)

Date: - - - - - - - - - -

Page 5 of Certificilte No. M-2]__

.)

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C:.a JN WITNESS WHEREOF, the companies subscribing the Master Policy have cau-sed the Certificate of Insurance and the Declarations to be signed on their behalf by Mutual Atomic Energy Liability Underwriters to be effective August 1, 1977 eastern standard time, and countersigned below by a duly authorized representative.

Attest or Witness For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS

-_,____-----~BY: ~

  • C: ,

-.~ ~orized Agent .

12L£2~ _ * * . _*

Countersigned by tive Subscribing Companies PROPORTION OF 100%

American Mutual Liability Insurance Company, Wakefield, MA 15.0000000 Employers Insurance of Wausau, *A Mutual Company, Wausau, WI 15.0000000 Liberty Mutua 1 Insurance Company, Boston, MA .

30.0000000 Lumbermens Mutual Casualty Company, Long Grove, IL 30.0000000 Michigan Mutual Insurance Company, Detroit, MI 5.0000000 Sentry Insuranc_e, A Mutua 1 Company, Stevens Poi n_t, WI 5.0000000 Page of Certificate No. M-27

....~.

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Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. N-27 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

ANNUAL PREMIUM ENDORSEMENT It is agreed that the Annual Premiums applicable to the periods designated below are as follows:

For Calendar Year '1978 Effective D~te ~init'f!.

Annual Premium :J> , .0 n' 1978 For Calendar Year 1979 Effective Date January 1, 1979 Annual-Premium $4,650.00 For Calendar Year 1980 Effective Date January 1, 1980 Annual Premium $4,650.00 For Calendar Year 1981 Effective Date JanuaD'-1, 1981 Annual Premium $4,650.00 Effective Date of . N-27 1his Endorsement as stated above To form a part of* Certificate No.----

12:01 A.M. Standard Time Issued to Virginia Electric & Power Company Date of Issue December 15. 1982 Endorsement No - - - - - - - - Countersigned b y * - - - - - - - - -

NE-S-3

Nuclur Energy Llablllty lnaunmce NUCLEAR ENERGYUABILITY INSURANCE ASSOCIATION

. ENDORSEHENT TO CERTIFICATE NO. N-27 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Item 4.(a) of the Declarations is amended to read as follows:

Item 4.(a) Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

Nuclear Energy Liability Insurance Association's Policy NF- 186 $124,000,000 Mutual Atomic Energy Liability Underwriters'

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!,.cvo*M.E'..;--t*.1.51.

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-:-1,i ,; ~ ~. cl. ':-i:cL'.cl e$:;36~_-000 ,.ooo~~inal Th

.-.-1 * **1 ,,,. -*,ade part Endorseme-..1G na*r1::c:; ,:.. ;8 8,*.iLJ-:.:~, ....J.,-- *...., ... d~. ---** ',  ;>--* 0 ll.

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as des-0f the Nuc 1 ..-.:.'-J.. ~~ Q*/ * .

igna ted hen:ioi1. No I:isuro.~i.,;8  ::i.:.:; 8.i':LC.1.i. ;.;. .. J Lc:.1.*.:::*"1.1d.er, Effective Date of May N-27 this Endorsement 1, 1979 To form a part of Certificate No.

12:01 A.M. Standar.d Time Issued to Virginia Electric & Power company Date of Issue December 15, 1982 Endorsement No 2 Countersigned by_ _ _ _ _ _ _ __

NE-S-2

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  • Nucl .. r Enorgy Llablllly lnaurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1983 ANNUAL PREMIUM: It -is agreed that the Annual Premium due the companies for the period designated above is: $ 4,650.00

'rM.s is to certi:f:;iT that this 1D a true copy o:f the original Endors"ment hav:1.r1g the end.c:-rsernent nuinbt,r and bej_ng made :part oJ" i:tH~ Nuc1.,car Energy Liabj_lity .?olic:y (Fac.llity ?o.rm) 1..s des-

Li"\-rlaLccl horeon. 1,ro In.suronc!e is :3,_ff(.Jrdt!d hereunc1er.

John L. Quattro~iii, Vice Prcsident-Li;.--.l)ility Underw1itin,~

Amet*icnn Nuc!Cflr Insurers Effective Date of tn1s Enaor:sement _ _ _ _~J~a~n~l/wa~r-1-':L-:--1J::1,..__.J...9~8L:,,3'-=,__------To form a part or' Certificate N-27 12:01 A~. St11ndard Time --------

lssut:d to Vi cgiaia EJecrcic & Power* Campany Date of ls:sue December 1_5, 1982 Endorsement No 3 Counterslon8d by_ _ _ _ _ _ _ __

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.* c: e NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Certificate No. -

N-27 Forming Part of Master Policy No. 1 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 1 of the Declarations are named insureds under the Master Policy -

Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the 11 Master Policy 11 ,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 identified in Items 1 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 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 NSFC-1 (1/1/83) Paqe 1

1' c;,*-e (3) which is discovered and for which written claim is made against the insured not later than ten years after th~ end of the certificate period stated in Item 6 of the Declarations.

However, with respect to bodily injury or property damage

  • caused by an 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 twenty years after the date of-the extraordinary nuclear occurrence.

Declarations Item 1. Named insureds and addresses:

(a) Virginia Electric & Power Company - P.O. Box 26666, Richmond, Virginia 23261 (b)

Item 2. Additional insureds:

Any other person or organization who would be insured under the primary financial protection identified in Item 4 of the Declarations but for exhaustion of the limit of liability of such primary financial protection. .

Item 3. Description ano location of nuclear reactor: Unit*1 of the Surry Power Station located in Surry County, Virginia.

Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit{s) of liability thereof:

Nuclear Energy Liability Insurance Association's Policy NF-186 $108,500,000 Mutual Atomic Energy Liability Underwriters 1 Pol icy MF- 57 $ 31 ,500~000 Page 2 of Certificate No. N-27

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{b) The following endorsements, attached to the primary financial protection policies 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:

Unit 2 *of the Surry Power Station.

Item 5. Limits of Liability: The amount of retrospective premium actually received by the comparies 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 12:01 a.m. on the first day of August, 1977,, and continuing to the 'effective dat~, and time of cancel-lation or termination of the Master Policy 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: $3,875,000.

Item 8. Premium payable pursuant to Condition 1 of the Master Policy for the period from August 1, 1977 through December 31 following:

$],948.35 Page 3 of Certifi~ate No.N- 27

f BOND FOR PAYMENT OF RETROSPECTIVE 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 of 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") to pay to the companies all retrospective premiums and allowances for premium taxes which shall become due and payable in accordance with the Master Policy,,as it may be changed.

. I 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-ment 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 companies 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 will indemnify 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.
  • Paqe 4 of Certificate No. N-27

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The precedirig 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 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 August l, 1977 eastern standard time.

Attest or Witness Named Insureds:

Virginia Electric & Power Company.

(SEAL)

T T. J~.~ (/, f?. */)du,w, _ Ser-VS.,

(Type or Pr-yit Naie & Title of Officer)

Date: qr I 2--J I

/8 ~ * *

(Named Insured - Type or Print)

By_ _ _ _ _ _ _ _ _ _ _ _ (SEAL)

(Signature of Officer)

(Type or Print Name & Tit*le* of Officer)

Date:

(Named Insured - Type or Print)

By_ _ _ _ _ _ _ _ _ _ _ _ _ (SEAL)

(Signature of Officer)

(Type or Print Name & Title of Officer)

Date:

Page 5 of Certificate No.N-27

.. ** ce ce

' *1 IN WITNESS 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 August 1, 1977 eastern standard time, and countersigned below by a duly authorized representative.

Attest or Witness For the Subscribing Companies of NUCLEA~ENERGY LIABILITY INSURANCE ASSOCIATION

~~~-~~ ~ ~~C.

~ ~ ~ ~ ( , / , . BY: l C,dt.

1 Proom, President

  • Page ~6- of Certificate No. N-27

c.e Nuclear Energy Llablllly lnaunznce NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEHENT TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

-It is agreed that the first paragraph of Condition 6., PRIMARY FINANCIAL PROTECTION, is amended to read as follows:

Regardless of the number of policies o*r contracts of primary financial protection applicable to a nuclear incident, the limit of liability of all such policies or contracts shall be deemed to be exhausted when the sums paid under all such policies or contracts are equal to the lesser of.(l) the sum of the limits of liability available under all such primary financial protection, or (2) one hundred sixty million dollars.

Effective Date of this Endorsement May 1, 1979

. 12:01 A.M. Standard Time 1 Issued to Master Policy which is in the custody of Date of Issue December 15, 1982 Endorsement No _ _ _l.;______

Counter:slgned by _ _ _ _ _ _ _ __

NE-S-1

.* l Nuclur Energy Llablllty lnaunmce NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBS CRIB ING COHP ANIES AND THEIR PROPORTIONATE LIABILI'IY ENDORSEMENT -- TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

Calendar Year 1978

i. It is agreed that with respect to (i) bodily injury or property damage to which this Master golicy applies, *caused during the effective period of this endorsement, and (ii) contingent liability as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with.

respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation-assumed or expense incurred under this Master Policy.
2. It is agreed that the effective period of-this endorsement is from*

the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

Eflective Date of January l, 19.78 this Endorsement_*-----=:-7"--::--:-,--~----=-------To form a part of Master Policy No. 1 12:01 A.M. Standard Time

  • Issued to Master Policy which is in the custody of the Nuclear Regulatory Commission Dale of ls~ue December 15, 1982 Endorsement No 2 Counter~loned by_ _ _ _ _ _ _ _ __

NE-S-4

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~~*.;,: - c.e Nuclur Energy Liability ln1unznce -.

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBSCRIBING COMPANIES AND TIIEIR PROPORTIONATE LIABILITI ENDOR$EHENT -- TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITI INSURANCE (Secondary Financial Protection)

Calendar Year 1979

1. It is agreed that with respect to (i) bodily injury or property damage to which this Master Policy applies, caused during the effective period of this endorsement, and (ii) contingent liability as provided ih Condition 4 for excess losses because retrospective premium due under one or more certificates with.

respect to such bodily injury or property damage is not paid:

a. The word "companies". wherever used in this Master Policy means the subscribing companies listed on.*

the reverse side of this endorsement.

b.
  • This Haster Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation.assumed or expense. incurred under this Master Policy.
2. It is agreed that the effective period of this endorsement is from*

the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the.effective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies) il*~*:~

I;

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.,i ..__y t1y*~

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1 1**'.~_-*I Effective Date of J 1* 1979  ! ;'

this Endor:iement. _ _ _ a_n_u_a_r_y__,______~_______ To form a part of Master Poli~y No. 1 12:01 A.M. Standard Time Issued to Master Policy which is in the custody of the Nuclear Regulatory Corrmission Dale ot ls~ue December 15, 1982 Endorsement No 3

Counter~lonod by_ _ _ _ _ _ _ _ _ _ _ _ _

NE-S-4

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cje Nuclur Energy llablllly lnaunzn~

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NUCLEAR ENERGY LIABILITY INSURANCF. ASSOCIATION SUBSCRIBING COMPANIES AND THEIR PROPORTIONATE LIABILITY ENDO~EHENT -- TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

Calendar Year 1980

1. It is agreed that with respect to (i) bodily 1nJury or property damGge to which this Has te_r Policy applies, caused during the effective period of this endorsement, and (ii) contingent liability as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with.

respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation .. assumed or expense incurred under this Master Policy.
2. It is agreed that the effective period of this endorsement is from*

the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date and time of the cancellation or other termination.of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

Effective Date of thrs Endorsement _ _J_a_n_ua_ry~-l~'-l.,...9_8_0___________ To form a part at 1:-Iaster Policy No. 1 12:01 A.M. Standard Time rs sued to ~M~a~s~t"""e:...a.r--'-P""'o_;.l_;.i...::c..,_y_w"-'-'-'-h-=-i. ; . c"-'-h---'-is,;;__1'-n_t_h_e_c_u_s_t_o_d,,Y of_t_h_e_N_u_c_l_e_a_r_R_e..:g_u_l_a_t_o_ry=--C_o_m_m_,_*s_s_i_o_n___

Date of ls:we December 15, 1982 Endorsement No ____4_*_____ Counter:ilon!X1 by _ _ _ _ _ _ _ _ _ _ _ _ _ .

NE-S-4

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I Nucr .. r Ene~y Llablllty lnaunmce *-

NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBSCRIBING COMPANIES AND THEIR PROPORTIONATE LIABILITY ENDORSEMENT -- TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

Calendar Year 1981 1_._ It is agreed that with respect to (i) bodily injury or property damage to which this Master Policy applies, caused during the effective period of this endorsement, and (ii) contingent liability as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with respect to such bodily injury or pioperty damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to ifs name of any obligation assumed or expense incurred under this Master Policy.
2. It is agreed that the effective period of this endorsement is from the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to the effective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

Effective Date of January 1 , 19 8 1 th Is End orsement _ _ _ _ _-=-----,-----c=----=------'---T o rorm a part or 12:01 A.M. Standard Time Issued to Master Policy which is in the custody of the Nuclear Regulatory Date cl ls!!ue December 15, 1982 Endorsement No 5 Counter:iloned by _ _ _ _ _ _ _ __

NE-S-4

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r '""" Nuclur Energy Llablllty lnnurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION SUBS CRIB ING COMPANIES AND TIIEIR PROPORTION ATE LIABILITI ENDORS.EHENT -*- TO MASTER POLICY NO. 1 NUCLEAR ENERGY LIABILITY INSURANCE (Secondary Financial Protection)

Calendar Year 1982 L It is agreed that with respect to (i) bodily injury or property damage to which this Master Policy applies, caused during the effective period of this end~rsement, and (ii) contingent liability as provided in Condition 4 for excess losses because retrospective premium due under one or more certificates with.

respect to such bodily injury or property damage is not paid:

a. The word "companies" wherever used in this Master Policy means the subscribing companies listed on the reverse side of this endorsement.
b. This Master Policy shall be binding on such companies only.
c. Each such company shall be liable only for its proportion designated next to its name of any obligation assumed or expense incurred under this Master Policy.
2. It is agreed that the effective period of this endorsement is from the beginning of the effective date of this endorsement stated below, to the close of December 31st of the Calendar Year designated in the caption above, or to theeffective date and time of the cancellation or other termination of this Master Policy, whichever first occurs, eastern standard time.

(see reverse side for list of subscribing companies)

\ './ /.

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\ . -~-..,. .!~t /:

Effective Date or January 1, 1982 this Endorsement _ _ _ _ _-:--:c-,---:-~--,:-c---=--------To rorm a part or Haster Policy No. 1 12:01 A.M. Standard Time Issued to Master Policy which is in the custody of the Nuclear Regulatory Commission Date of ls~ue December 1, 1982 Endorsement No 6 Counler~loned by _ _ _ _ _ _ _ _ __

NE-S-4

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