ML19210B858
| ML19210B858 | |
| Person / Time | |
|---|---|
| Site: | Crane  |
| Issue date: | 12/20/1977 |
| From: | Bardes C NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION |
| To: | |
| References | |
| FOIA-80-296 IEND-771220, NUDOCS 7911120555 | |
| Download: ML19210B858 (7) | |
Text
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Nut..ar Energy Liability Insur
- e NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION
- 1) ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT
- 2) CHANGES IN SUBSCRIBING COMPANIES AND IN THEIR PROPORTIONATE LIABILITY ENDORSEMENT Calendar Year 1978 la. ADVANCE PREMIUM:
It is agreed that the Advance Premium due the companies for the period designated above is:
281,247.50 b.
STANDARD PREMIUM AND RESERVE PREMIUM:
In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the pro-visions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is: $
211,423.10 2.
It is agreed that with respect to bodily injury or property damage caused, during the effective period of this endorsement, by the nuclear energy hazard:
a.
The word " companies" wherever used in the policy means the subscribing companies listed on the reverse side of this endorsement.
b.
The policy shall be binding on such companies or.ly.
c.
Each such company shall be liable only for its proportion of any obligation assumed or expense incurred under the policy because of such bodily injury or property damage as designated on the reverse side of this endorsement.
3.
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 time of the termination or cancellation of the policy, if sooner.
This is to certify tha thin in a truc copy of the original
. :e acd bei.; made part Endorceaaat havinc a ei'. it7 po t ic fricility c or.::) as des-1 of the Nuclear an 18 grforded hereunder.
gauad hereon. N u aD v
Effective Date of January 1, 19 d
t -P o erhrb@6fMfRd 8 To form a l
220 this Endorsement 12:01 A.M. Standard Time issued to Metropolitan Edison Company, Jersey Central Power & Light Co. and Pennsylvania Electric Company cate of issue December 20. 1977 For the supscribing cor panies
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BY l'A
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General Manager y]
Endorsement No Countersigned by
- 7911120[ g {
NE-35 (1/1/78)
e 9
SUBSCRIBING COMPANIES PROPORTION OF 100%
Aetna Casualty and Surety Co., The,151 Farmingtori Ave., Hartford, CT 06156 11.581926 Aetna Insurance Company, 55 Elm St. Hartford, CT 06115 2.481841 Allstate Insurance Co., 8324 Skokie Blvd., Skokie. IL 60076 4.963682 American Home Assurance Co., 102 Maiden La., New York, NY 10005
.703188 American Motorists Insurance Co., Long Grove, IL 60049 413640 Situminous Casualty Corporation, 32 18th St., Rock Island, IL 61201
.397095 Centennial Insurance Co., 45 Wall St., New York, NY 10005
.413640 Connercial Union Insurance Co., One Beacon St., Boston, MA 02108 3.640034 Connecticut Indemnity Company, The,1000 Asylum. Ave., Hartford, CT 06101 1.116829 Continental Casualty Co., CNA Plaza Chicago, IL 60685 4.301858 Continental Insurance Co., The, 80 Maiden La., New York, NY 10038 6.618243 Federal Insurance Co., 51 John F. Kennedy Pkwy., Short Hills, NJ 07078 1.323649 Fireman's Fund Insurance Co., 3333 California St., San Francisco, CA 94119 4.550042 General Accident Firo and Life Assurance Corp., Ltd., 414 Walnut St., Philadelphia, PA 19105 1.406377 Great American Insurance Co., 580 Walnut St., Cincinnati, OH 45201 1.389831 Hanover Insurance Co., The, 440 Lincoln St., Worcester, MA 01605 496368 Hartford Accident and Indemnity Co., Hartford Plaza, Hartford, CT 06115 7.859164 Hartford Steam Boiler Insp. & Ins. Co., The, 56 Prospect St., Hartford, CT 06102
.455004 Home Indemnity Co., The, 59 Maiden La., New York, NY 10038 2.895481 Insurance Co. of North America,1600 Arch Street, Philadelphia, PA 19101 3.309122 Monarch Insurance Co. of Ohio, The,19 Rector St., New York, NY 10006
.289548 Northern Insurance Company of New York, P.O. Box 1228. Baltimore, MD 21203 1.654561 Northwestern National Ins. Co., 731 No. Jackson St., 'tilwaukee, WI 53202
.579096 Ohio Casualty Insurance Company, The, 136 North Third St., Hamilton, OH 45025
.165456 Pacific Inow.nity Co., 3200 Wilshire Blvd., Los Angeles, CA 90054
.330912 Peerless Insurance Co., 62 Maple Ave., Keene, NH 03431
.103411 Phoenix Assurance Co. of New York, 80 Maiden La., New York, NY 10038
.496368 Protective Insurance Co., 3100 No. Meridian St., Indianapolis, IN 46208
.165456 Providence Washington Insurance Co., 20 Washington Place, Providence, RI 02903
.103411 Puritan Insurance Company,1515 Sumer St., Stamford, CT 06905
.248184 Reliance Insurance Company, 4 Penn Center Plaza, Philadelphia, PA 19103 1.323649 Royal Globe Insurance Company, 150 William Street, New York, NY 10038 3.722762 St. Paul Fire & Marine Ins. Co., 385 Washington St., St. Paul, M155102 4.109929 Seaboard Surety Co., 90 William St., New York, NY 10038
.330912 State Farm Fire & Casualty Company,112 East Washington St., Bloemington, IL 61701
.827280 Transamerica Insurance Co.,1150 So. Olive St., Los Angeles, CA 90015
.661824 Travelers Indennity Company, The, One Tower Square, Hartford, CT 06115 11.333741 United States Fidelity and Guaranty Co., P.O. Box 1138. Baltimore, MD 21203 -
9.430997 United States Fire Insurance Co., Madison Ave at Canfield Rd, Morristown, NJ 07960 2.978209 Zurich Insurance Co.,111 West Jackson Blvd. ' Chicago, IL 606C4
.827280 NE-78 laiv os]L e r 496 ae e
9 e
- 8JNDER, INCLUDING EB-6S 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 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 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 " Draft Master Policy" 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 companies 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.
Such. 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-NUCLEAR 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 g,
977. No respect to bodily injury or proDerty damage caused by an insura s afforded extraordinary nuclear occurrence this subparagraph (c) shall not operate to bar coverage for bodily injury or by\\ this \\co'py.
(
(
procerty damaga which is discovered and for which written claim is made against the insured not later than twenty Charles R. Bardes, years after the date of the extraordinary nuclear occurrence.
Manager-L1 ability Under-writing, Nuclear Energy Liability-Property Insurance Association 1Enq 1j]
DECLARATIONS Item 1.
Named insureds and addresses:
(a)
Metropolitan Edison Company - P.O. Box 542, Reading, PA 19603 (b) Jersey Central Power & Light Company - P.O. Box 1279 R, Morristown,NJ 07960 (c) Pennsylvania Electric Company - P.O. Box 539, Johnstown, PA 15907 y
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 limit of liability of such orimary financial prottiction.
Item 3.
Description and location of the nuclear reactor: Unit 2 of the Three Mile Island Nuclear Station located in Dauphin County, Pennsylvania Item 4.
Identification of primary financial protection applicable to the nuclear reactor and limit of liability thereof:
Nuclear Energy Liability Insurance Association Policy NF-220 $108,500,000 Mutual Atomic Energy Liability Underwriters Policy MF-73 _$ 31,500,000 Do other nuclear reactors share the limit of liability provided under the primary financial protection? Yes 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.
}L7U 1 '/ 1 c- - n i
Item 6.
Portion of the annual premium payable for the ccmpanies' contingent liability described in Condition 4 of the Draft Master Policy from the effective date hereof to the end of calendar year 1977: The pro rata portion of $4,650 for the period from the effective date of this binder to the end of the calendar year during which such effective date cccurs.
Item 7.
Limits of liability:
See Item 3 of the Declarations of the Draft Master Policy.
Item 8.
Binder period:
Beginning at the same time and date that the Facility Operatina License issued by the United States Nuclear Regulatory Comission for the reactor described in Item 3 of this binder becomes effective and continuing to the effective date and time of cancelation or termination of the Draft Master Policy or this binder, whichever first occurs, eastern standard time.
BOND FOR PAYMErlT 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 y
held and are firmly bound to the subscribing members of Nuclear Energy Liability Insurance Association (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 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 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 or nature (gainst any and all liability, losses and expenses of whatsoever kind companies a 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 Masi.er 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 AB0VE BINDER, DECLARATI0?iS AND BOND FORM A PART OF THE DRAFT MASTER POLICY.
CANCELATION OR TERMINATION OF THE DRAFT MASTER POLICY OR 'HE 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.
EB gey, 1 (77)
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m ,4, l ' 'Ifl WITilESS 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 as of the time and date of the inception of the binder period. Attest or Witness FLAMED IllSUREDS: Metropoliton Edison Company (Named Insured - Type or Print) 4 [' By 4 E/- (SEAL) (Signatty'e of Of ficer) W. G. Kuhns, Chairnan of the Board and Chief Executive Officer (Type or Print Name & Title of Officer) Date: 12/15/77 Jersey Central Power & Light Company (Named Insured - Type or Print) /7dIf By M E# (SEAL) (Signatury' of Officer) W. G. Kuhns, Chairnan offthe Board and Chief Executive Officer (Type or Print Name & Title of Officer) Date: 12/15/77 Pennsylvania Electric Company (Named Insured - Type or P int) O bd By / (SEAL) Chairman o;f the Board and(Signatt /e of Of ficer) Chief Executive Officer (Type or Print Name & Title of Officer) Date: 12/15/77 (Named Insured - Type or Print) By (SEAL) (Signature of Officer) (Type or Print Name & Title of Officer) Date: \\r _\\ \\ t.)
- ,v EB-Rev. 1 (77)
m
- 5 (Page 5
of 5 Pages) IN WITNESS WHEREOF, the subscribing companies have caused the Binder and the Declarations to be signed on their behalf by the General Manager of Nuclear Energy Liability Insurance Association, to be effective as of the time and date of the inception of the binder period, and countersigned below by a duly authorized representative. Attstopitness For the Subscribing Companies of j Nuclear Enprgy Liability Insurance Associati n I i \\ q \\ \\ \\ k By [ V Bur /t C. Proom, General Manager s Countersigne by - s ' (AutW rized Rapresentativ W SUBSCRf9fNG CO9paNIES ppm O U ICN OF 100 Aetna Casualty and Surety Co.. The. 151 Far-ington Ave.. Hartford CT C6156 11.48C7835 Aetna insuraace Ceepany. 55 Elm St.. Hartford. CT C6115 2.3753345 Allstate Insurance Co. 0324 Skokle Blvd.. Skokie. IL 60076 4.7506691 American He?e Assurance Co. 102 Maide9 La.. New York, NY ICC05 .6730115 American "otorists Insurance Co.. Lon3 Grove. IL 60049 .3'53891 Centenntal Insurance Co. 45 Wall St.. New York. NY 10005 .3959391 Cc reretal Union Insurance Co.. Cre Beacon St.. Boston, PA 02103 3.4333240 Centirental Casualty Co. C7;A Plaza. Chicago. IL 60635 4.433357B Contleental Insurance Co.. The. 80 "atden La.. New York. NY 10038 6.3342254 Federal Insursace Co. 51 John F. Kennedy Pkwy.. Short Hills. NJ 07078 1.2663251 Fire an's Fund Insurance Co. 3333 California St.. San Francisco. CA 94119 4.3541300 General Accident Fire and Life Assu*ance Corp.. Ltd. 414 Walnut St.. Philadelphia, PA 19105 1.346?229 Great berican Insuracce Co. 530 Walnut St.. Cincinnati OH 45201 1.3301873 Gulf Insurance Co. 3015 Cedar Sprin9s Oallas. TX 75221 .1533556 Hanover insurance Co.. The. 440 Lincoln St.. Worcestee. "A 01605 475'561 Martferd Accident and Inde-nity Co. Hartford Plata. Hartford, CT C6115 7.9177313 Hartfor1 Steam Boiler Insp. 1 Ins. Co.. The. 56 erospect St.. Hartford. CT C6102 43547 M Home Inde-nt ty Co.. The. 59 Pa f den La.. New York, NY 10133 2.7712236 Insuesnce Co. of Nortn A erica. I6M Arc % 5t eet. Philadel;.Ma. PA 19101 6.3332251 Maryland Casual ty Co.. P.O. B01 1223 Baltiacre. MO 21203 1.5335564 Mc ca r:'1 Insarance Co. of Chic. The. 19 Rector St.. New York. NY ICC 6 .2711224
- f. ort %estern National Ins. Co., 731 No. Jackson St.. M11 nukee, WI $3202
.5542447 Pacific Inde+nity Co. 3200 Wtisnire Blvd.. Los Angeles CA 30052 Peerless Insurarce Co., 62 Faple Ave.. Keene. NH 03431 .3167113 Fheensa Assurance Co. of New York. 80 Ma fden La.. New Ycrk NY 10038 .0454723 Prctective Insarance Co. 3100 No, Meridian St.. Indianarolis. IN t6208 .4750669 .1533556 Provideace Washin9 ton insurance Co. 20 Nashington Place. Providence. R! 02903 Puritan Insurance C nary.1515 Sweer St. Starford CT 06105 .09E9723 Reliance Insurance Conoany. 4 Penn Center Plaza, philadelphta. PA 19103 .2375335 1.26A3451 Ro/a1 Glebe Insurance Cercany.150 William Street. New York New York 10033 3.5630018 St. Paal Fire & "artne Ins. Co. 3AS Wishinnten St. St. Paul. "N 55102 Seabcard Su-aty Co. 90 William St. New York NY 10003 3.9335540 .3167113 Security Insurance Cercany of Hartford.1000 Asylunt Ave.. Hartford CT C5101
- 1. 068 9C5 State Fa m Fire 1 Cas,alty Co cany. 112 East Wasnington St.
81comrcton. IL 61701 .7917782 Transmrica Insurance Co.,1150 Sc. Olive St.. Los Angeles. CA 9C015 Traveiers Ircemity Cerpanf, The. One Twer Scua e. Hartford, CT C6115 .6334225 11.2532511 United States Fidelity and Forant/ Co.. P.O. 3M 1133, Baltimre. "D 21203 United States Fire Inso 9.0252712 rance Co.. 'daUsan Ave. at Canfield Rd.. "orristown NJ 07960 2.8504014 Zuricn Insurance Co. 111 West Jackson J1vd., Chicago. IL 60604 .7417732 NE.na 3 5a 't lnJ l'4 D** s EB-Rev. 1 (77)
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