ML20091L614

Forwards Certificate N-97 to Nelia Policy 1 & Certificate M-97 to Maelu Policy 1

ML20091L614
Person / Time
Site:	Catawba
Issue date:	06/04/1984
From:	John Robbins MARSH & MCLENNAN, INC.
To:	Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP)
References
NUDOCS 8406080133
Download: ML20091L614 (16)

Text

. -

Marsh &

MGLennan s

Marsh & McLennan, incorporated 1221 Avenue of the Americas New York, New York 10020 Telephone 212 997-2000 June 4, 1984 Mr. Jerome Saltzman Assistant Director State and Licensee Relations Office of State Programs U.S. Nuclear Regulatory Commission Washington, D.C.

20555 Re: Duke Power Company Catawba Nuclear Station SFP Certificates N-97 and M-97

Dear Mr. Saltzman:

On behalf of the Duke Power Company, we are enclosing two certified copies of Secondary Financial Protection Certificates N-97 and M-97 for the Catawba Station.

Sincerely, Je frey G. Robbin Nuclear Consultant JGF. :cf enc.

cc:

K. Gannaway, M&M Charlotte

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8406080133 040604 PDR ADOCK 05000413

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f;UCLEAR Ef;ERGY LIACILITY IriSURAf;CC ASSOCIATIOl4 tnt 8 IS 70 CERTIFY THAT THIS IS A TRUE CO*Y OF THE ORIGINAL CERitftCATE. BEARfNG THE NUMBER DEStGNATE0 HEREON, FOR INSURANCE COVERAGE UNDER THE MA3TER POLICY huCLEAR Et4ERGY Certificate flo. fi-97 UABit INSURAfJCE (SECONDARY FINAfWiAL PROTECTION) NO INSUR CE IS AFFORGE Y THIS COPY.//

rorming Part of Master JOHt4 A7

, VICE ENT.LIABluTY UNDERWRI Policy No.

1 AMERtCAN f40 CLEAR INSUSERS CERTIFICATE OF If!SURAf;CE DECLARATI0flS Arid BOND FOR PAYMENT OF RETROS?ECTIVE PREMIUMS Certificate of Insurance This is to certify that the persons and organizations designated in Iten 1 of the Declarations are' named insureds under the Master Policy -

fluclear Energy Liability Insurance (Secondary Financial Protection), herein called the " Master Policy", issued by fluclear 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 Daclarations, (b) for the certificate period stated in Item 6 of the Declarations, (c) to bodily injury or property damace (1) with respect to which the primary financial nrotection-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 flSFC-1-- (1/1/83)

e.

(3) which is discovered and for which written claim is made s.

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 damace caused by an extraordinary nuclear occurrence this subparagraph (3) shall not operate to bar coverage for bodily injury or procerty damaae 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.

flamed insureds and addresses:

-(a) Duke Power Company, 422 South Church Street, Charlotte, North Carolina 28201 (b) North Carolina Munici al Power A

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hcvNumber1 P 0 Box 95162 Ra$eigh 25 NC (c) Saluda River Electric Coope,rative Inc.

'P O Box 929 Laurens, SC 29350 (d) North Carolina Electric Membershin Corporation P 0' Box 27306 Raleigh, NC 27611 Item 2.

Additional insureds:

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

Item 3.

Description and location of nuclear reactor: Unit l'of the Catawba Nuclea~r Station located in York County, South Carolina.

. Item 4~

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

fluclear Energy Liability Insurance Association's LPolicy flF-281

$124,000,000-

-tiututi Atomic Energy Liability Underwriters *

' Pol _ icy if-

,$ 36,000,000 Page 2 of Certificate, flo. II-97

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(b) The folicwing encorsements, attached to the primary I-r p

financial orotection policies listed in Item 4 (a) also p

apply to the insurance afforded by the Master Policy through this certificate as though they were attached hereto:

g (1) Halver of Defenses Endorsement (Extraordinary fluclear 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 Fac'ility Operating License. issued by the United States fluclear Regulatory Commissinn 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..wHchever-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.. Portion'of the annual; premium payable for the companies' contingent liability described in Condition 4 of the Master Policy from the I

effective date hereof to the end of calendar year 1983

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The.

j pro rata portiont of $4,650. for the period from the effective date of;

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lthis certificate to the end.of the calendar.; year, during which such.

i kJ cffective date occurs.

J cPage' 3 of' Certificate flo. fi 97 1

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BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS Know All Men 83 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 (hereinaf 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 frca 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 dt.e 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; l

And it is further expressly agreed that the named insureds will indemnify the I

companies against any and all liability, losses and expenses cf whatsoever kind or nature (including but not limited.to interest, court costs, an_d 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 i

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; For the purpose of.rteording this agreement. d photocopy acknowledged before-

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

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O%An A A$ DepbhSSe a be St

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--The preceding Certiffcate of Insurance, Declarations and Bond form a part of the Master Policy. Cancellation or termination of the ". aster 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.

111 WITHESS WHEREOF, the named insureds have caused this Certificate, these Declarations 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 Certificate period.

Attest or Witness t!amed Insureds:

Duke Power Company i

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(flamed Insured - Type or Print) 70,* l

, ( ) F-/Li C.M4A,,

By~~ h) j) N % 4 ~ m u

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(SEAL)

'(Signature of Officer)

S.T. Lattimore, Vice President (Type or Print ?!ame & Title-of 0fficer)-

Date: April 2, 1984

'dorth Carolina Municipal Power Agency'No.l.-

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o. W >3,l

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(SEAL)

(Signature of Officer)l George lW C1ay,f Jr - Chat rma$l.

(Type or Print flame & Titic'ot Officer) i Date:, February 15, ?l984 1 North Carolina Electric' Membership Corpora't lon

/(flamed Insured - Type or drint) f

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(-SEAL) =

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j(Signature of 0fficer)

~ James M Hubbard --Executivi Vig President--

-(Type' or Print flame & Title of Officer).

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!Date: ' March 23 1984 kl s

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Attest or b'itness

!! aced Insureds:

Sa!uda River Electric Cooperative, Inc

,(tiamed Insured - Type or Print)

J $s7m?.) Y / A 'll m-8

> By

/tt+tte M4 (SCRL)

'(Signat of 0f'fIcer)

Henry M Faris - Executive Vice President (Type or Print flame & Title of Officeri Date:

March 28,1984 (tiamed Insured - Type or Print)

By_

(SEAL)

(Signature of Officer)

(Type or Print Name & Title of Officer)

Date:-

(llamed Insured - Type or Print)

By (SEAL)

(Signature.of Officer)

(Type or Print Name & Title of Officer)

Date:

(flamed Insured - Type or Print)-

3y

-(SEAL)

(Signature of Officer)

(Type or Print tiame & Title of'0fficer)

Date:

Page S of Certificate No. fi-97 con't v

r Ill WIT l:ESS '..' HEREOF, 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 fluclear Energy Liability Insurance Association to be effective as of the time and date of the inception of the Certificate period, and countersigned belcw by a duly authorized representa tive.

Attest or Witness For the Subscribing Companies of I'UCLEAR EilERGY LIABILITY lilSURAtlCE ASSOCIATI0:1 i

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Burt C. Proom, President ll ((

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(Authorized Representative)

C Page 6 of Certificate flo. fI 97

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W MUTUAL ATOMIC ENERGY LIABILITY UtlDERWRITERs

MAY t c re:

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lI TMS 98 TO CERTIFY THAT THIS !S A TRUE COPY OF THE ORIGINAL

- U b.' T' O L L; CERT!F!CATE. BEARltiG THE NUMBER DENGtJATED HEAEON. FOR l'i *A, t.-

INSURANCE COVERAGE UNDER1HE MASTFa POLICY f4UCtEARENERGY Certificale No. Mi97if03 1~

-LIABI ITY INSURANCE (SECONDARY FfNr oat. PROTECTION). N0

- INSU \\NCE IS AFFORD BY "

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Forminj Part of Master J0%

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VICE F IDENT tlAB!LITY UNDERWRITING Policy No. _..I AMERICAN NUCLEAR INSURERS 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", issued by Mutual Atomic Energy 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) 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 v

3 of the Declarations, and MSFC.1>(1/1/83)

Page I k

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.y (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.

Itowever, 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.

Declara tions Item 1.

flamed insureds and addresses:

(a) Duke Power Company, 422 South Church Street, Charlotte, North Carolina 28201 (b) North Carolina Municipal. Power Agency Nurber 1 P O Box 95162 Raleigh, NC 27625 l~

(c) Saluda River Electric Cooperative, Inc.

P O Box 929 Laurens SC 29360 i

(d Ad)' itional insure $s:lectric, Membership Corporation d.Nortli Carolin E

Item 2.

P O Box 27306 Raleigh, NC 27611 l

Any other person or organization who would be insured under the 1

j 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 Catawba Nuclear.. Station ' located in York County, South Carolina.

Item 4.

(a)

Ident_ification of-primary financial protection applicable to the nuclear reactor and limit (s) of liability thereof:

k fluclear Energy Liability Insurance Association's-I Policy f4F-281.

$124.000,000 t

Mutual Atomic Energy Liability. Underwriters'-

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. Policy MF-

$36,000,000.

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Page 2 of Certificate flo., M 97-L

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(b) The following er.dorsements, attached to the primary financial orotection policies listed in item 4 (a) also apply to the insu*ance afforded by the Master Policy through this certificate as though they were att:.ched 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 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 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:.$1,1?5,000 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 1983

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 Jdate occurs.

Page 3 of. Certificate No. M_ 97 y

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E0?;D FOR ?AYME!iT OF RETROSPECTIVE PREMID:S s

~~

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 l Certificate of Insurance and Declarations. The named insureds do hereby covenant with and are held and are firmly bound to the members of Mutual

- Atmiic Energy Liability Underwriters subscribing the Master Policy (here-inaf ter called the "ccapanies") 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 companies may sustain or incur (1) by reason of the. failure of the named insureds to comply with'the c'ovenants and provisions of this Bond and (2)-in enforcing any of the covenants or provisions-of this Cond, 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.

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3 Page'4.of Certificate flo MU r

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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.

Ifl WITilESS 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 flamed Insureds:

I!(/,.,

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Duke Power Company s

(llamed Insured - Type or Print).

s

.I Ot/ N B

(SEAL)

'(Signature of Officer)

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S.T. Lattimore, Vice President (Type or Print' flame & Title of Officer)

Date: April 2. 1984 North Caro 1Ina Municipal Power, Agency No I (flamed Insured - Typojor-Prins)

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(SEAL)-

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(Signature of fffcey):

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.c s George W'C. lay Jrm Chairman.-

(Type or Print flame & Titl' 'o'r Officer) c Da te: Feb ruary 15, 1984

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North Carolina Electric Member' ship Corooration.

7 lamed Insured - Ty ej or'l* int)

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(SEAL)

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'X llrS.ignature of 0fficer)-

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' James M Hubbard - Executive Vice President (Type or Print flame & Title of Officer)

Date: March 23, 1984

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'.' Jiamed Insureds :

Attest or Witness

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, Saluda River Electric Cooperative, Inc

/, c(flamed Insured - Type or Print) 8 f k,w-Y,a4Ato

.. '; y 44tAl i VM (SEAL)

'(Signatu[ eof 6fficer)

I Henry M Faris - Executive Vice Presider (Type or Print flame & Title of Of ficer)

Date: March 28, 1984 (flamed Insured - Type or Print)

By (SEAL)

(Signature of Officer)

_ (Type or' Print flame & Title of Officer i Date:

(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.0fficer)

-(Type or Pririt' flame & Ti tle 'of. Of ficer' Dato:

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~~,~A Ifl WITilESS WHEREOF, the ccepanies subscribing the Master Policy have

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' caused the Certificate of Insurance and the Declarations to be signed on their behalf by Mutual Atomic Energy Liability Underwriters to be

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effective as 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 MUTUAL ATO:41C Et!ERGY LIABILITY UtIDERWRI db

. %. rd m.7/-

fwe BY:_

Mithorized Agent i

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Countersigned by 14

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d ws (Authoryzed Representative)

Subscribing Comoanies PROP 0RTI0ft' 0F' 100%

American Mutual Liability Insurance Company, Wakefield, MA 15.0000000 Employers Insurance of Wausau, A Mutual Ccmpany, 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 i

Sentry Insurance, A Mutual Company, Stevens Point,.WI 5.0000000 I

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's Page-A of-Certificate flo.

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