ML20052F333
| ML20052F333 | |
| Person / Time | |
|---|---|
| Site: | Shoreham File:Long Island Lighting Company icon.png |
| Issue date: | 05/06/1982 |
| From: | Hoffman J MARSH & MCLENNAN, INC. |
| To: | Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP) |
| References | |
| NUDOCS 8205120355 | |
| Download: ML20052F333 (6) | |
Text
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MGlennan
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Marsh & McLennan, incorporated 1221 Avenue of the Americas New York, New York 10020 a) g Telephone 212 997-2f f)0 Q
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4f May 6, 1982 Mr. Jerane Saltzman Assistant Director-State W
& Licensee Relations Office of State Programs Nuclear Regulatory Camlission Washington, D.C. 20555 Iong Island Lighting Oxnpany Shoreham Nuclear Station Secondary Financial Protection Binders
Dear Jerry:
On behalf of Iong Island Lighting Cmpany, we enclose two certified copies each of ANI Binder No. EB-82 and MAELU Binder No. XB-82, evidencing Secondary Financial Protection coverage for the Shoreham Nuclear Station.
- Regards,
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/, John Hof VNuclear Consultant JH:cas Encl.
cc:
M. Fabel, LIICO
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8205120355 820506 PDR ADOCK 05000322 J
BINDER INCLUDING BINDER N0. EB 82 DECLARATION AND BOND FOR PAYMENT OF RETROSPECli'5 PREMIUMS BINDER The members of Nuclear Liability Insurance Association, hereintfter 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 draf t 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 the time and date of the inception of the binder period.
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 This is to certify that this is a (a) with respect to which the primary financial protection true copy of the original binder, described in Item 4 below would apply but for exhaustion bearing the number designated of its limits of liability and hereon, for insurance coverage under the DRAFT MASTER POLICY-(b) which is caused during the binder period stated in Item NUCLEAR ENERGY LIABILITY POLICY 8 below by the radioactive, toxic, explosive or other (Secondary Financial Protection) hazardous properties of nuclear material and lated June 24, 1977. No In-surance is afforded by this copy. (c) which is discovered and for which written claim is made against the insured not later than ten years after the 1
f end of such binder period; provided, however, that with
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respect to bodily injury or property damage caused by an b
extraordinary nuclear occurrence this subparagraph (c) s shall not operate to bar coverage for bodily injury or lice President-Liability Unde i
ng, property damage which is discovered and for which written herican Nuclear Insurers 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 - Minneola, New York 11501 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 primary financial protection.
Item 3.
Description and location of the nuclear reactor: Unit 1 of the l
Shoreham Nuclear Power Station located in the Town of Brookhaven, Suffolk County, New York Item 4.
Identification of primary financial protection applicable to the nuclear reactor and limit of liability thereof:
Nuclear Energy Liability Insurance Association Policy NF-269 $124,000,000 Mutual Atomic Energy Liability Underwriters Policy MF-
$ 36,000,000 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.
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3-Item 6.
Portion of the annual premium payable for the companies' contingent liability described in Condition 4 of the Draf t f4 aster Policy from the effective date hereof to the end of calendar year 19M: 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 occurs.
Item 7.
Limits of liability: See Item 3 of the Declarations of the Draft flaster Policy.
Item 8.
Binder period: Beginning at the same time and date that the Facility Operatino License issued by the United States fluclear Regulatory -
Commission for the reactor described in Item 3 of this binder becomes effective and concinuing to the effective date and time of'cancelation or termination of the Draf t Master Policy or this binder, whichever first occurs, eastern standard time.
B0tlD 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 held and are firmly bound to the subscribing members of fluclear 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 Draf t 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 i
to be due the companies in a written notice to the named insured, as provided in Condition 1 of the Draft ifaster Policy until paid.
4 And it is hereby expressly agreed that copies of written notices of retrospective
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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.
4 i
And it is further expressly agreed that 'the named insureds will indemnify the companies a or nature (gainst any and all liability, losses and expenses of whatsoever kind including but not limited to interest, court costs and counsel fees) i which the companies may sustain or incur (1) by reason of the failure of the-named insureds to comply with the coverirnts and provisions of this Bond or (2) in enfcrcing any of the covenants or provisions of this Bond, or any provisions of the Draf t flaster Policy relating to such covenants or provisions.
l For the purpose of recording this agreement, a photocopy acknowledged before a l
flotary Public to be a true copy hereof shall be regarded as an original, t.
l THE ABOVE BillDER, DECLARATI0tlS AtlD B0:1D FOR;1 A PART OF THE DRAFT MASTER POLICY.
CAtlCELATI0ff OR TERT 1It!AT10tl 0F THE DRAFT f4 ASTER POLICY OR TIE Bli! DER SHALL l10T AFFECT THE OBLIGATIO:IS OF THE FLAMED litSUJEDS U lDER TIfE DRAFT MASTER POLICY OR
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THE 80:1D TO PAY THE RETROSPECTIVE PREF 110:15 A:1D ALLO',!A: ICES FOR PREI!!UM TAXES r
l HITH RESPECT TO A!!Y BODILY It! JURY OR PROPERTY DAltAGE UHICH IS CAUSED DURIllG THE BI!!CER PERIOD.
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Ifl HITilESS IlliERE0F, the named insureds have caused this Binder, these Declara-tions and this Bond for Payment of Retrospective Premiums, to be signed and.
scaled by a duly authorized officer, to be effective as of the time and date of the inception of the binder period.
Attest or lfitness itAliED litSUREDS:
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A Long Island Lighting Company phTI/
(flamed Insured - Type or Print)
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(SEAL) e g,,nn",7;.*TJoik couaw commissioa Espires M*'d 30. Mg'
/1 Signature of Officer) i (Type or Print (Jame t, Title of Officer) s b
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Date:
(flamed Insured - Type or Print)
By_
(SEAL)
(Signature of Officer) y (Type or Print flame & Title of Officer)
Date:
(flamed Insured - Type or Print)
By (SEAL)
(Signature of Officer)
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(Type or Print flame & Title of Officer)
Date:
(flamed Insured - Type or Print)
By (SEAL) j (Signature of Officer) l (Type or Print flame & Title of Officer)
Date:
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(Page 5
of 5 Pages)
IN WITflESS WHEREOF, the subscribing companies have caused the Binder and the Declarations to be signed on their behalf by the President of fluclear 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.
Attest or Witness For the Subscribing Companies of Nuclear E ergy Liability Insurance Associa i n e
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"6 Bur &/C. Proom, President
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Countersigned by (Authorized Representative) 5005Celelt. CtpPamI(5 Peoros? ION C# 1001 Aetna Casualty and Se ety Ca.. The.15l Farmlagton Ave. Martford. CT 04154 9.957 M 9 r
Aetna Insurance Cwpany. 55 Cle St.. Martford. CT 04115 3.153100 Af fit tated fM Insurance Co.. Allendale Park. P.0. los 7500 Johastoa. AI 02919 0.2489 M A110aar laterance Company. 6435 kilshire SInd.. Los Aageles CA 90054 1.327647 Allstate Insurance Co.. Allstate Plasa South - Cl Mrthlprock. IL 60062 4.978675 Aaertcan Mrme Assuraate Co.,102 Malden Lane, new fort. av 10005 0.871268 American Motorists lasurance Co., Long Grove. IL 60049 0.414890 80 tvataovs Casualty Corporettoa. 320-tath 5t.. Rock Island.~ IL 61201 0.414890 Centenatal f asurance Co.. Atlantic solidin9. 45 Wall Street, new fort, av 10005 0.2489:4 Comaercial valon lasurance Co.. Cae teacon St., teston. MA 02108 3.319 tl6 Connecticut ladamatty Ceapear. The. 9 Farm Spelags Rd.. Faretagten. CT 06032 0.414890 Contleental Casvalty Co. ChA Plata. Chicago, it 60645 4.348895 Coatleeatal Insuraace Ca.. The. 40 melden La.. new fort. af 80038 2.675457 Federal Insurance Ca. 51 John F. Beaaedy Part-sy. Short Mills, hJ 07078 1.49 M02 Fireman's Fund lasurance Compantes. P.O. Sos 3395. San Francisco, CA 94419 5.310586 Ceaeral Accident Insurance Coaoany of America. 414 Walavt St.. Philadelphta. PA 19105 1.327647 Maaover lasurance Co.. The. 440 tlacola St.. Worcester. MA 01605 0.417f 67 Martfo*d Accident aad lademnity Co. Martford Plata Martford. (1 06115 2.0 0122 Martford Stese Bollte lasp. & las. Ca. The. 54 Prospect St.. Martford, Cl 04102 0.497867 M19hlands Insurance o., 600 Jef ferson St.. Moustoa.11 77002 0.414890 ks=e Inde= atty Ca.. The. 59 Malden taae. Dev York. nf 10038 3.651028 l
lasersace Co. of north Awelca. P.O. Dos 2728. Philadelphta. PA 19101 1.659558 l
Manarth lasurance Co. of chte. The 19 Rector St.. new eort. mf 10006 0.331982 porthera lasurance Caaosay of new fort. P.O. Ses 1228. Saltisere. MD 21203 2.240404 hortheestern hattomal Ins. Co. 731 he. Jackson St.. mileavtee. WI 53201 0.66M23 Ohte Casualty laturaate Compaay. The. 436 north Third St.. kamilton. CH 45025 0.1659 %
Pacific ladematty Co. 51 Joha F. Beaaedy Pers.ay. Short Mills mJ e7078 0.331912 Peerless laserence Co. 62 Paple Ave., seeae. hw 0343) 0.124467 Protectlee lasurance Co. 3100 he. Perldlan St.
ladlanapolls, tu 46208 0.248934 02901 0.1651 %
l Proeideace Washlagten Invraace Co. 20 Washtagten Place.,Proetteac e. A t l
set taace Invrance Company 4 Pean Center Piana. Philadei hts. PA 19i03 0 195735 papal laserence Comany of America.150 Willtee Street. new fort. Nf 10035 3.jllll6 St. Paul Fire & Marine lat. Ca.
385 washlattan St.. St. Pavl. mal 55102 4.699869 Seaboard Serety Co. 90 Willta= 5t. new fort. nf 10038 0.1651 %
5 tate Far= Fire & Casualty Company.112 test washtagten St., sloontation. IL 61701 0.829779 fransamerica laturance Compacy. P.O. Ses 542%, Los Angeles. CA 90054 0.821779 8
fravelers ladeaalty Compaar. The. Cae lower Savare. Martford Cf 04115 10.7a7128 United States Fidelity and Guaranty Co.
100 ti ht St.. Settlev>re. M0 21202 10.455217 l
United States Fire lasurance Ca.. P.O. See 2387. Morristown. nJ 07960 3.311116 2urich laterance Ca. 231 ho. martlagate Rd.
Schewmoves. IL 60194 l.244669
.