ML20028D447

Forwards Secondary Financial Protection Certificates N-82 & M-82

ML20028D447
Person / Time
Site:	Shoreham File:Long Island Lighting Company icon.png
Issue date:	01/11/1983
From:	Hoffman J MARSH & MCLENNAN, INC.
To:	Dinitz I NRC OFFICE OF STATE PROGRAMS (OSP)
References
NUDOCS 8301190132
Download: ML20028D447 (13)

Text

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Marsh & Mclennan, incorporated 1221 Avenue of the Arnericas New York, New York 10020 Telephone 212 997-2000 January 11, 1983 Mr. Ira Dinitz State and Licensee Relations Office of State Programs U. S. Nuclear Regulatcry Commission Washington, D.C. 20555 Long Island Lighting Company SFP Certificates N-82 and M-82

Dear Ira:

On behalf of Long Island Lighting Company, we enclose two certified copies of Secondary Financial Protection Certificates N-82 and M-82.

Regards, l /

l- SL John lloffman Jil:aj Enc.

cc: M. Fabel, LILCO yOO l 8301190132 830111 PDR ADOCK 05000322PDR g

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EEEo fuhgM se Certificate No. N-82 E mEL S Q gEf E' j- Forming Part of Master 99559 9:q g in

@y , Policy No. 1 iE 5)M 85 "g CERTIFICATE OF INSURANCF "Es DECLARATIONS AND vpg, e h}g agg BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS e

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, .,5?eSEM.a Q y s'y 6;w'.j] C' 'tificate of Insurance This is to certify that the persons and organizations designated in Item 1 of the Declarat.ons are named insureds under th'e Master Policy -

Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the " Master Policy", issued F:' Nuclear Energy Liability Insurance Association. .

Sucl. 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 '

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(1) with respect to which the primary financial protectiorr described in Item 4 of the Declarations would apply but for exhaustion of its limit of liability as described in Condition 6 cf 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 J of the' Declarations, and NSFC-1 (1/1/83) Page 1

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(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.

Howver, 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 la'ter than twenty years after the date of the extraordinary nuclear occurrence.

Declarations Item 1.

Named insureds and addresses:

- (a) Long Island Lighting Company - 250 Old Country Road, Mineola, New York' 11531 Item 2. Additional insureds: -

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Any other person or orgar31 zation 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 Sh5reham Nuclear Power Station located in the. Town of Brookhaven, Suffolk County, New York.

l 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-269 $124,000,000 Mutual Atomic Energy Liability Underwriters' Policy MF- $ 36,000,000 i

Page 2 of Certificate No. N- 82 l

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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: ,

NO EXCEPTIONS Item 5. Limits of Liability: The amount of retrospective premium actually received by the companies plus the amount of the companies' con-tingent liability, if any, pursuant to Conditions 2, 3 and 4 of the Master Policy.

Item 6. Certificate Period: Beginning at the same time and date that the Facility Operating License issued by the United States Nuclear Regulatory Commission for the reactor described in Item 3 of this

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

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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. Portion of the annual premium payable for the companies' contingent liability described in Condition 4 of the Master Policy from the effective date hereof to the end of calendar year 1982  : The pro rata portion of $4,650 for the period from the effective date of this certificate to the end of the calendar year during which such effective date occurs.

Page 3 of Certificate No. N- 82

4 BOND FOR PAYMENT OF RETROSPECTIVE PREM!UMS 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 tre firmly bound to the menhers of Nuclear Eneigy 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 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-j 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

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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-l 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; I

For the purpose of recording this agreement, a photocopy acknowledged before a Notary Public to be a true copy hereof shall be regarded as an original.

.Page 4 of Certificate No. N 82

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 WHERE0F, the named insureds have caused this Certificate, these

. Declarations and this Bond for Payment of Retrospective Premiums, to be signed and sealed by a duly authorized officer, to be effective as of the time and date of the inception of the Certificate period.

. Attest or Witness Named Insureds:

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ROSA LEE oLIVCRoS ad @M WM ' 2 ,

thtary Public. State of New York ' /

(Named Insured - Type; or.

j. Print)' .,}

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No. 304703268 4  : ( .

commissi espirIs tis .Io .fj By M SII ,

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dgnatureofOfficer) -

~ MILLARD S. POLLOCK U!li @j '

VICE PRESIDENT-NUCLEAR (Type or Print Name & Title of Officer)

Date: JULY 27, 1982 f

(Named Insured - Type or Print)

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By '(SEAL)

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, (Signature of Officer)

(Type or Print Name & Title of Officer)

Date:

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(Named Insured - Type or Print)

By (SEAL)

(Signatt e of Officer)

(Type or Print Name & Title of Officer)

Date:

Pace $ _of Certificate No.90-18

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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 as of the time and date of the inception of the Certificate period, and countersigned below by a duly authorized

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representa tive.

Attest or Witness For the Subscribing Companies of NUCLEAR ENERGY LIABILITY INSURAN ASSOCIATION

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"I 'BY:

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Ss Bdrt C. Proom, President

, . Count 6rsigned by (Authorized Representative) t Page 6 o'f. Certificate No. N 82

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> !a Forming Part of Master

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gig , Q *$Q35 ,8$" DECLARATIONS AND p O W E W. E F- ,Q BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS I30MgE $$

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• @SWE 6 5o535 RY< 5 e 5 "E "' h 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", issued by Mutual Atomic Energy Liability Underwriters.

e 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 Iteu.

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 (1/1/83) Page 1

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• 7' (3) which is discovered and for which written claim is made against the insured not later than ten years af ter 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 subpar $ graph (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 af ter the date of the extraordinary nuclear occurrence.

Declarations Item 1. Named insureds and addresses:

(a) Long Island Lighting Company - 250 Old Country Road, Mineola, New York 11501 (b)

Item 2. Additional insuredsr ,

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.

j Item 3. Description and location of nuclear reactor:

Unit 1 of the Shoreham Nuclear Power Station located in the Town of Brookhaven, Suffolk County, New York.

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

l j Nuclear Energy Liability Insurance Association's l Policy NF 269 $124,000,000 Mutual Atomic Energy Liability Underwriters' Policy MF- $36,000,000 Page 2 of Certificate No. M- 82 L

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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:

NO EXCEPTIONS Item 5. Limits of Liability: The amount of retrospective premium actually received by the companies plus the amount of the companies' contingent i

liability, if any, pursuant to Conditions 2, 3 and 4 of the Master Policy.

Item 6. Certificate Period: Beginning at the same time and date that the Facility Operating License issued by the United States Nuclear Regulatory Commission for the reactor described in Item 3 of this certificate becomes effective and continuing to the effective date j and time of cancellation or tennination 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: $1,125,000 Item 8.,

Portion of the annual premium payable for the companies' contingent liability described in Condition 4 of the Master Policy from the effective date hereof to the end of calendar year 1982  : The pro rata portion of $1,350.00 for the period from the effective date of this certificate to the end of the calendar year during which such effective date occurs.

Page 3 of Certificate No. M 82

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 Mutual Atomic Energy Liability Underwriters subscribing the Master Policy (here-inaf ter 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 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 pistided 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 p ovisions of the Master Policy relating to such covenants or provisions; For the purpose of recording this agreement, a photocopy acknowledged before

.l a Notary Public to be a true copy hereof shall be regarded as an original.

Page 4 of Certificate No. M 82

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 Declarations and this Bond for Payment of Retrospective Premiums, to be signed and sealed by a duly authorized officer, to be effective as of the time and date of the inception of the Certificate period.

Attest or Witness flamed Insureds:

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,40A LEE oLIVERos Long Island Lighting Company hgr/ Muc. State of New Yo::t (tiamed Insured - Type or Prin'tl,' (', d' 's,'

No. 30-4703268 j,,,. ' ? (' ,

. smmt .ro res a oIW By M p/ ' ?(SEA).) _ , ,

(Sdnature of Officer) $ f . 'l l',' <. 'j{~ k MILLARD S.

- POLLOCK$

VICE PRESIDENT-NUCLEAR . ,$.' / p' I' f l' 0 n .. . . . ~

f (Type or Print flame & Title,.l9 qff(cer)

Date: JULY 27, 1982 (tiamed Insured - Type or Print)

By (SEAL)

(Signature of Officer)

(Type or Print flame & Title of Officer)

Date:

(flamed Insured - Type or Print)

By (SEAL)

(Signature of Officer)

(Type or Print flame & Title of Officer)

Date:

Page 5 of Certificate flo. M-82

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.. .* l IN ' WITNESS WHERELF, 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 es of the time and date of the inception of the Certificate period, and countersigned below by a duly authorized representative.

Attest or Witness For the Subscribing Companies of

.D f MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS rS i BY:  % .

hfsn hl/ I horized Agent

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Countersigned by (Authorized Representative)

Subscribing Companies -

PROP 0RTION' 0F' 100%

American Mutual Liability Insurance Company, Wakefield, MA 15.0000000 Employers Insurance of Wausau, A Mutual Company, Wausau,- WI 15.0000000 Liberty Mutual Insurance Company, Boston, MA 30.0000000 Lumbermens Mutual 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 6

Page of Certificate No. M 0

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