ML19031A163
| ML19031A163 | |
| Person / Time | |
|---|---|
| Site: | Salem  |
| Issue date: | 09/07/1977 |
| From: | Librizzi F Public Service Electric & Gas Co |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| Download: ML19031A163 (11) | |
Text
{{#Wiki_filter:Ps~* Public Service Electric and Gas Company 80 Park Place Newark, N.J. 07101 Phone 201 /622-7000 September 7, 1977 Mr. Jerome Saltzman Deputy Chief Office of Antitrust & Indemnity Nuclear Reactor Regulation Nuclear Regulatory Commission Washington, D. c. 20555
Dear Mr. Saltzman,
Enclosed are two (2) certified copies of NELIA Binder No. EB-60 and MAELU Binder No. XB-60, each pertaining to Secondary Financial Protection. Any further information concerning this matter and an acknowledge-ment of the receipt of these Endorsements, should be addressed to the undersigned. Very truly yours, k~b'~ F ran P. L1 r1zz1 General Manager - Electric Production The Energy People 95-2001 (400M) 6-76
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BIN DER, INCLUDING
- BINDER NO. XB-60 DECLARATIONS AND BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS BIN DER The members bf Mutual Atomic Energy Liability Underwriters, hereinafter called the 11 companies 11 , subscribing this binder, each 'for itself, severally and not jointly, and in *the respective proportions set forth herein, and the insureds named in Item 1 of the Declarations below, agree as follows:
A. The companies hereby bind insurance to the insureds named in Item 1 of the Declarations in accordance with the provjsions of the Draft Master Policy. All rights and obligations of the parties to this binder are set forth in the provisions of the Draft Master Policy_, as it may be a.mended from time to time pursuant to its conditions or paragraph B below. B. The term Draft Master P.ol icy" means the draft of the MASTER POLICY -- 11 NUCLEAR ENERGY LIABILITY POLICY (SECONDARY FINANCIAL PROTECTION) dated June 24, 1977 in the custody of the Nuclear Regulatory Commission, a copy of which is attached hereto, and includes all binders issued by the companies in connection with such Draft Master Polict. Th~ Master Policy, as subsequently issued by the companies, shall cancel and replace this binder and the Draft Master Policy effective as of August l, 1977. C. Such insurance as is provi~ed by the Draft Master Policy applies, through this binder; only: This is to certify (l) t~ the insureds identified in Items l and 2 of the Declarations that this is a true below, copy of the original ( 2 ) binder, bearing the to bodily ihjury or property damage number designated (a) with respect to which the primary financial protection hereon, for insur- described in Item 4 bel.ow would apply but for exhaustion ance coverage un- of its l i mi t of l i ab il ity and der the DRAFT (b) which is caused during the binder period stated in Item MASTER POLICY- 8 below by the radioactive, toxic, explosive or other NUCLEAR ENERGY hazardous properties of nuclear material and LIABILITY POLICY (Secondary Finan"." (c) which is discovered and for which written claim is made
- cial Protection) against the insured not later than ten years after the dated June 24, 1977.
end of such binder period; provided, however, that with respect to bodiiy-injury or property damage caused by an No insurance is af- extraordina_!}'. nuclear occurren~ this subparagraph (c) forded by this copy. shall not operate to bar coverage for _l:Jodilx_J_nj~_!:t. or
- .Jt,e~t-~ Q.!:'_l?l?_e_!'_ty__d_a_111~1~ which is discovered and for which viritten claim is made ilgainst the insured not later than twenty Theodore Geras . years after the!. date of the ex-tr-a-ordinary nuclear occurrence.
Secretary-Mutual Atomic Energy Liability Under-writers
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DECLARATIONS Item 1: Named insured~ and addresses: (a) Public Service Electric & Gas Company - P.O. Box 570, Newark, NJ 07101 ( b) . Philadelphia Electric Company - P.O. Box 8699, Philadelphia, PA 19101 (c) Delmarva Power & Light Company - p .0. Box 271' Wilmington, _DE 19899 (d) At,l antic City Electric Company - P.O. Box 567, Atlantic .City, NJ 08404 Item 2. Additional insureds:
- Any other person or.organization who would be covered ~nder primary financial protection described in Item 4 of this binder but for exhaustion of the limit of liability of such prim~ry financial protection.
Item 3. Description and location of the nuclear reactor: Unit 1 of the S~lem Nuclear Generating_ Station located in Salem County, New Jersey Item 4. Identification of primary financial protection applicable to the nuclear reactor and limit of liabiljty thereof: . Nuclear Energy Liability Insurance Association Policy NF-230-$108~500,000 Mutual Atomic Energy Liability Underwriters Policy MF- 90-$ 31,500,000 Do other nuclear reactors share the limit of liability provided under the primary financial protection? No, not at this time Item 5. Maximum retrospective premium (exclusive of allowance for premium taxes) payable to the companies un<ler the Draft Master Policy with respect to each nuclear incident: $1,125~000.
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*Item 6. Portion of the annual premium payable for the companies' contingent liability described in Condition 4 of the Draft Master Policy from the effective date hereof to the end of calend~r year 1977: $565.65; Item 7. Limits of liability: See Item 3 of the Declarations of the Draft Master Policy.
Item 8. Binder period: Beginning on the first day of August, 1977, and continuing to the effective date and time of cancelation or termina-tion of the Draft Master Policy or this binder, whichever first occurs,. eastern standard time. 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 Draft Master Policy described in the above Binder and Declarations. The named insureds do hereby covenant with and are held* and are firmly bound to the subscribing members of Mutual Atomic Energy Liability Underwriters (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 terms of the Draft Master Policy with interest on such premiums and allowances for taxes. to be computed at the rate provided in the Draft Master Policy from the date payment thereof is specified to be due the companies in a written notice to the named insured, as provided in Condition 1 of the Draft Master Policy until paid. And it is hereby expressly agreed that copies of written notices ot' retrospective premiums and allowances for premium taxes due and payable or other evidence of such amounts due and ~ayable sworn to by a duly authorized representativ~ 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 whatsoev~r 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 or (2) in enforcing any of the covenants or provisions. of this Bond, or any provisions of the Draft Master Policy relating to such covenants or provisions. For the purpose of recording this agreement, a photocopy ~cknowledged before a Notary Public to be a true copy hereof shall be regarded as an original. THE ABOVE BINDER, DECLARATIONS AND BOND FORM A PART OF THE DRAFT MASTER POLICY. CANCELATION OR TERMINATION OF THE DRAFT MASTER POLICY OR THE BINDER SHALL NOT AFFECT THE OBLIGATIONS OF THE NAMED INSUREDS UNDER THE DRAFT MASTER POLICY OR THE BOND TO PAY THE RETROSPECTIVE PREMIUMS AND ALLOWANCES FOR PREMIUM TAXES WITH RESPECT TO ANY BODILY INJURY OR PROPERTY DAMAGE WHICH IS CAUSED DURING THE BINDER PERIOD.
IN WITNESS WHEREOF, the named insureds have caused this Binder, these Declara- . tions 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: Public Service Electric & Gas Company (Named Insured - Type or Print) By (SEAL)
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(Signature of MARION F. REYNOLDS W. A. Maginn Assistant Secretary Vice President and Treasurer (Type or Print Name & Title of Officer) Date: July 19, 1977 Philadelphia Electric Company
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(Named Insured - Type or Print)
~~~~..f~ ;~c'.'.: e=r:_ )-"-*-______;__ _ _ (SEAL)
- c. V. Myers, Vice President (Type or Print Name & Title of Officer)
Date: July 22, 1977 Delmarva Power & Li~ht-Company
*(Named ):nsure~- Type.~~"i'ri n~)
By {~/ L u:/'1,.,z__<_~(SEAL) SE~Rmll (Sig.nature df Officer)
; . . (/ W. G. Price, Senior Vice President Generation and Operation (Type or Print Name & Title of Officer)
Date: July 26, 1977 Atlantic City Electric Company (Named Insured - Type or Print) By~~~
* (SignatUreOf Oficer)
(SEAL) VlCE FHESlDINT-CON'iRCL E. D. i-i*-*-.:i:..:i/\,;c.-
.(Type or Print Name & Title of Officer)
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Date: ;..;~"'/ J 7, rf/ I
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.IN WITNESS WHEREOF, the subscribing companies have caused the Binder and the Declarations to be. signed on their behalf by the Manager of Mutual
*Atomic Energy Liability Underwriters, to be effective August l, 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
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By_V-!:Lf~Lt_t&-~{_Q__ YJ_(?/W-<J Theodore Geras - Secretary Countersigned byaP!J~ (Authorized Representative~---*-*--* SUBSCRIBING COMPANIES PROPORTION OF 100% American Mutual Liability Insurance Company, Wakefield, MA 15.0000000 Employers Mutua,l Liability Insurance Company, Wausau, Wisc. 15.0000000 Liberty Mutual In*surance Company, Boston, MA 45.0000000 LumbermansMutual Casualty Company, Long Grove, Illinois 15.0000000 Michigan Mutual Liability Company, Detroit, Michigan 5.0000000 Sentry Insurance, A Mutual Company, Stevens Point, Wisc. 5.0000000
BINDER, INCLUDING EB-60 BINDER NO. DECLARATIONS AND BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS BINDER The members of Nuclear Energy Liability Insurance Association, hereinafter called the "companies", subscribing this binder, each for itself, severally and not jointly, and in the respective proporflons set forth herein, and the insureds named in Item 1 of the Declarations below, agree as fpllows:
- A. The companies hereby bind insurance to the insureds named in Item l of the Declarations in accordance with the provisions of the Draft Master Policy. All rights and obligations of the parties to this binder. are set forth in the provisions of the Draft Master Policy, as it may be amended from time to time pursuant to its conditions or paragraph B below.
B. The term 11 Draft Master Pol icy 1' means the draft of the MASTER POLICY -- NUCLEAR ENERGY LIABILITY POLICY (SECONDARY FINANCIAL PROTECTION) dated June 24, 1977 in the custody of the Nuclear Regulatory Commission, a copy of which is attached hereto, and includes all binders issued by the ccimpanies in connection with such Draft Master Policy. The Master Policy, as subsequently issued by the companies, shall cancel and replace this binder and the Draft Master Policy effective as of August 1, 1977. C. ~uch insurance as is provided by the Draft Master Policy applies, through this binder, only: (1) to the insureds identified in Items 1 and 2 of the Declarations below, (2) to bodily injury or property damage
..(a) with respect to which the primary financial protection This is to certify that described in Item 4 below would apply but for exhaustion this is a true copy of of its limit of liability and the original binder, bearing the number des- (b) which is caused during-the binder period stated in Item ignated hereon, for in- 8 below by the radioactive, toxic, explosive or other surance .coverage under hazardous properties of nuclear material and the DRAFT MASTER POLICY-NUCLEi\.R ENERGY LIABILITY (c) which is discovered and for which written claim is made POLICY (Secondary Fin- against the insured not later than ten years after the ancial Protection) dated end of such binder period; provided, however, that with June 24, 7. No respect to bodily injury or property damage caused by an
~~ ,a c is afforded extraordinary nuclear occurrence this subparagraph (c) shall not operate to bar coverage for bodily .injury or 15\ t'f is ~PY . property damage which is discovered and for which written
-.1--~~claim is made against the insured not later than twenty
\)\ \l*'QM years after the date of the extraordinary nuclear occurrence.
arle. R. 'B 6es, Manage ~i<\b\(-ity 'under-writing, Nu~lear Energy Liability-Property
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I nsurance Assf c1at1on
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*f DECLARATIONS Item 1. Named insureds and addresses:
(a) Public Service Electric & Gas Company - P.. O. Box 570, Newark, NJ 07101 (b) Philadelphia Electric Company - P.O. Box 8699, Philadelphia, PA 19101 (c) Delmarva Power & Light Company - P.O. Box 271 ' vJil ming ton, DE 19899 (d) Atlantic City Electric Company - P.O. Box 567' Atlantic City, NJ 08404 Item 2. *Additional insureds: Any other person or organization who would be covered under primary financial protection described in Item 4 of this binder but for exhaustion of the 1imit of 1iabil ity of such primary financial protection. Item 3. Description and location of the nuclear reactor: Unit 1 of the Salem Nuclear Generati.ng Station located in Salem County, New Jersey Item.4. Identification of primary financial protection applicable to the nuclear reactor and limit of liability thereof: Nuclear Energy Liability Insurance Association Policy NF-230 -$108,500,000 Mutual Atomic Energy Liability Underwriters Policy MF- 90 -$ 31 ,500,000 Do other nuclear reactors share the limit of liability provided under the primary financial protection? No, not at this time Item 5. Maximum retrospective premium (exclusive of allowance for premium taxes) payable to the companies under the Draft Master Policy with respect to each nuclear .incident: $3,875,000.
Item 6. Portion of the annual premium payable for the companies contingent 1 liability described in Condition 4 of the Draft Master Policy from the effective date hereof to the end of calendar year 1977: $1 ,948.35.
- Item 7. Limits of liability: See Item 3 of the Declarations of the Draft Master Policy.
Item 8. Binder period: Beginning on the first day of August, 1977, and continuing to the effective date and time of cancelation or termina-tion of the Draft Master Policy or this binder, whichever first occurs, eastern standard time. 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 Draft Master Policy described in the above Binder and Declarations. The named insureds do hereby covenant with and are held and are firmly bound to the subscribing members of Nuclear Energy Liability Insurance Association (hereinafter called the ucompanies 11 ) to pay to the companies all retrospective premiums and allowances for premium taxes which shall become due and payable in accordance with the terms of the Draft Master Policy with interest on such premiums and allowances for taxes to be computed at the rate provided in the Draft Master Policy from the date payment thereof is specified to be due the companies in a written notice to the named insured, as provided in Condition 1 of the Draft Master Policy until paid. And it is hereby expressly agreed that copies of written notices of retrospective premi urns and a11 owances for premium taxes due and payab 1e 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 or (2) in enforcing any of the. coven~nts or provisions of this Bond, or any provisions of the Draft 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. THE ABOVE BINDER, DECLARATIONS AND BOND FORM A PART OF THE DRAFT MASTER POLICY. CANCELATION OR TERMINATION OF THE DRAFT MASTER POLICY OR THE BINDER SHALL NOT AFFECT THE OBLIGATIONS OF THE NAMED INSUREDS UNDER THE DRAFT MASTER POLICY OR THE BOND TO PAY THE RETROSPECTIVE PREMIUMS AND ALLOWANCES FOR PREMIUM TAXES WITH RESPECT TO ANY BODILY INJURY OR PROPERTY DAMAGE WHICH IS CAUSED DURING THE BINDER PERIOD.
IN WITNESS WHEREOF, the named insureds have caused this Binder, these Declara-tions 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:
Public Service Electric & Gas Company (Named Insured - Type or Print) By !..2 C-~ (Signature of~~ (SEAL) MARION F. REYNOLDS W. A. Mag:).nn Assistant Secretary Vice President and Treasurer (Type or Print Name & Title of Officer) Date: July 19, 1977 Philadelphia Electric Company (Named Insured - Type or Print) (Type or Print Name & Title of Officer) Date: July 22, 1977 Delmarva Power &Light Company (Named_ Insured - Ty~Print) By ~;-0 ///l-{__~ (SEAL) (Signatur87af Officer) W. G. Price, Senior Vice President Generation and Operation (Type or Print Name & Title of Officer) Date: July 26, 1977 Atlantic Ci.ty Electric Company By (SEAL) M. R, MEYER A~::ii::.iKi"I .ScCRHARY (Signature VlCE FRESiDENT-CONTEOL
,t., I), h U~1.:u*.,,~
(Type or Print Name & Title of Officer) Date: 9,,,c, 7. -1, 1172
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IN WITNESS WHEREOF, the subscribing companies have caus~d the Binder and the Declarations to be signed on their behalf by the General Manager 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 S~bscribing Companies of Nuclear,.ln.ergy Liability Insurance
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B~ t C. Proom,.General Manager
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Countersigned by (Authorized Representative)
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SUBSCRIBING COMPANIES PROPORTION OF 100~ Aetna Casualty and Surety Co., The, 151 Farmington Ave., Hartford, CT 06156 11. 4807836 Aetna Insurance Company, 55 Elm St., Hartford, CT .06115 2. 3753345 Allstate Insurance Co., [3324 Skokie Blvd., Skokie, IL 60076 4. 7 506691 American Home Assurance Co., 102 Maiden La., New York, NY 10005 . 6730115 American Motorists Insurance Co., Long Grove, IL 60049 . 3958891 Centennial Insurance Co., 45 Wall St .* New York, NY 10005 . 3958891 Commercial Union Insu.rance Co., One Beacon St., Boston, MA 02108 3.4838240 Continental Casualty Co., CNA Plaza, Chicago, IL 60685 4.4339578 Continental Insurance Co., The, 80 Maiden La., New York, NY 10038 6. 3342254 Federal Insurance Co., 51 John F. Kennedy Pkwy., Short H,ills, NJ 07()78 1.2668451 Fireman's Fund Insurance Co., 3333 California St., San Francisco, CA 94119 4. 3547801) General Accident Fire and Life Assurance Corp., Ltd. 414 Walnut St., Philadelphia, PA 19105 1. 3460229 Greai American Insurance Co., 580 Walnut St., Cincinnati, OH 45201 l. 331)187 3 Gulf Insurance Co., 3015 Cedar Springs, Dallas, TX 75221 . 1583556 Hanover Insurance Co .. The, 440 Lincoln St., Worcester, MA 01605 .475'1669 Hartford Accident and Indemnity Co., Hartford Plaza, Hartford, CT 06115 7.9177818 Hartford 'steam Boiler Insp. & Ins. Co., The, 56 Prospect St., Hartford, CT 06102 .435478() Home Indemnity Co., The, 59 Maiden La., New York, NY 10038 2. 7712236 Insurance Co. of North America, 1600 Arch Street, Philadelphia, PA 19101 6.3342250 Ma*ryland Casualty Co., P.O. BOX 1228, Baltimore; MD 21203 l. 5835564 Monarch Insurance Co. of Ohio, The, 19 Rector St., New York, NY 10006 . 2771224 Northwestern National Ins. Co., 731 No. Jackson St., Milwaukee, WI 53202 . 5542447 Pacific Indemnity Co., 3200 Wilshire Blvd., Los Angeles, CA90054 . 3167113 Peerless Insurance Co., 62 Maple Ave., Keene, NH 03431 .0989723 Phoenix Assurance Co. of New York, 80 Maiden La., New York, NY lOIJ38 .4750669 Protective Insurance Cu., 3100 Mo. l~eridian St., Indianariolis, rn 46208 . 1583556 Providence Washington Insurance Co., 20 lfoshington Place, Providence, RI 02903 .0989723 Puritan Insurance Comriany, 1515 Summer St., Stamford, CT 06905 . 2375335 Reliance Insurance Company, 4 Penn Center Plaza, Philadelphia, PA 19103 l. 26684 51 Royal Globe Insurance Company, 150 William Street, New York, New York 10038 3. 563'1018 St. Paul Fire & Marine Ins. Co., 3135 Washin~ton St .* St. Paul, MN 55102 3. 9335540 Seabo~rd Surety Co., 90 William St., New York, MY 10038 . 3167113 Security Insurance Company of Hart.ford, 1000 Asylum Ave., Hartford, CT 06101 1 , 1)689005 State Farm Fire & Casualty Company, 112 East Washington St., Bloomington, IL 61701 . 7917782 Transamerica Insurance Co., 1150 So. Olive St., Los Angeles, CA 90015 . 6334 225 Travelers Indemnity Company, The, One Tower Square, Hartford, CT 06115 11 . 2432501 United States Fidelity and Guaranty Co., P.O. BOX 1138, Baltimore, MD 21203 9.0262712 United States Fire.Insurance Co., Madison Ave. at Canfield Rd., Morristown, NJ 07960 2.8504014 Zurich Insurance Co., 111 West Jackson Blvd., Chicago, IL 60604 . 7917782 NE-77a}}