ML20148H052

Forwards Endorsements 114 & 117 to Nelia Policy NF-188, Endorsements 95 & 98 to Maelu Policy MF-58 & Endorsements 8 to Nelia Policy N-31 & Maelu Policy M-31

ML20148H052
Person / Time
Site:	Pilgrim
Issue date:	01/11/1988
From:	Vieten M MARSH & MCLENNAN, INC.
To:	Dinitz I Office of Nuclear Reactor Regulation
References
NUDOCS 8801270111
Download: ML20148H052 (11)

Text

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Marsh &_

McLennan c

M & M Nuclear Consultants 1221 Annue of the Amermis V w Terk, New York 100201011 Tc!cph 2ne 212 99NtW January 11, 1987 Mr. Ira Dinitz Of fice of Nuclear Reactor Regulation Mail Stop 128 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Boston Edison

Dear Ira:

Enclosed, please find two certified copies of the following endorsements:

Policy Endorsement NF-188 114/117 MF-58 95/98 N-31 8 M-31 8 If you should have any questions, please feel free to call.

Regards, JY

, W.chael J. Vieten l huclear Consultant FUV/gsj Enc.

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1 NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMlVM AND STANDARD PREMlUM CALENDAR YEAR 1988 ENDORSEMENT

1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:

3 815,494.00 , ,

2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the industry' Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:

$ 617 asn.00 .

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l Effective Date of This Endorsement January 1,1988 NF 1RR To form a part of Pclicy No.

12:01 A.M. Standard Time issued to Boston Edison Comoanv December 15,1987 Date of issue For the tribing com nies

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General Meneeer l Endorsement No. 117 Countersigned by

. . NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMlUM AND STANDARD PREMlUM CALENDAR YEAR 1988 ENDORSEMENT

1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:

$ 936.756.00 .

2. STANDARD PREMlUM AND RESERVE PREMlVM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:

$ 179.260.00 .

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Effective Date of January 1,1988 To form a part of Policy No. MF-58 This Endorsement _

12:01 A.M. Standard Time issued to Boston Edison Comoany Date of luus December 15,1987 For the subscribing companies MUTU AL ATOMIC ENERGY UABlUTY UNDERWRITERS By T. C JL Endorsement No. 98 Countersigned by Authorized Representative

Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)

PREAMBLE 1.

The insurance and rating plan presently used by Nuclear Energy Liability Insurance Association ("NELIA") and Mutual Atomic Energy Liability Underwriters ("MAELU") do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events; 2.

NELIA and MAELU believe that the lack of such a distinc-tion will adversely affect their ability to continue to attract from world markets very large amounts of nuclear energy liability insurance for the nuclear industry;

3. NELIA and MAELU want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for workers claims. Accordingly NELIA and MAELU desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

"this policy" means the policy of which this enclorsement forms a part; "nuclear related employment" means all work performed at one or more than one nuclear facility in the United States of America or in connection with the transporta-tion of nuclear material to or from any such facility.

All of a worker's nuclear related employment shall be considered as having begun on the first day of such employment, regardless of the number of employers in-volved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; NE-64 (1/1/88) Page 1

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"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regulatory Commission has determined to be an "extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.

2. APPLICATION OF THIS ENDORSEMENT This endorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.

3. EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.

4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following l Insuring Agreement IV-A does apply:

l l IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by l_ the nuclear energy hazard and (2) which is

( discovered and for which written claim is made l against the insured not later than the close

of December 31, 1997.

1

5. AVAILABILITY OF SUPPLEMENTAL INSURANCE NELIA and MAELU are offering to make insurance under one or more Master Worker Policies available to all holders of Nuclear Energy Liability Policies (Facility Form).

THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM l POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY NELIA OR MAELU AS THEY DEEM NECESSARY OR APPROPRIATE.

The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.

NE-64 (1/1/88) Page 2

Page 3 D

COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC. A WRITTEN REQUEST MUST BE SUBMITTED TO NELIA OR MAELU THROUGH REGULAR MARKET CHANNELS.

It is understood and agreed that all of the provisions of this endorsement shall remain in full force and effect without regard to this Section 5, and without regard to whether or not the Named Insureds become insureds under the Master horker Polf.cies, or whether or not NELIA or MAELU terminate such policies or withdraw or modify their offer to underwrite such policies.

Executed for the companies Date /2[#[f7 By

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/ \)(Signature 'of Authorif e o icer)

John L. Quattrocchi, Vice President-Liability Underwriting (Print or Type Name and Title of Officer)

Executed for the Named Insured Boston Edison Conpany (Named In u ed - P or Type)

Date 11/6/87 By .

(Signature of 4<>t- !M thoriz fficer) l 'Ihomas J. May, Senior Vice Presid3nt & Treasurer (Print or Type Name and Title of Officer)

TMs is to certify that this is a true cop Form) as des-of the Nudear Enorsy Liability Pc4cy (F -ilityhereunder.

init I hr nen. No Insurance is afford ung Jed u ? m gew r le.n ers

.v m Effsetive Date of this Endorsement January 1. 1988 To form a part of Policy No NF-188 12:01 A.M. Standard Time Issued to Boston Edison Company Date of Issue October 19, 1987 For the subscribing companies By -

General Manager Endorsement No 114 Countersigned by NE-64 (1/1/88)

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, Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)

PREAMBLE

1. The insurance and rating plan presently used by Mutual Atomic Energy Liability Underwriters ("MAELU") and Nuclear Energy Liability Insurance Association ("NELIA")

do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events;

2. MAELU and NELIA believe that the lack of such a dis-tinction will adversely affect their ability to continue to attract from world markets very large amounts of nuclear energy liability insurance for the nuclear industry;

3. MAELU and NELIA want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for workers claims. Accordingly MAELU and NELIA desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

I NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

"this policy" means the policy of which this endorsement forms a part; "nuclear related employment" means all work performed at one or more than one nuclear facility in the United I States of America or in connection with the transporta-l tion of nuclear material to or from any such facility.

All of a worker's nuclear related employment shall be considered as having begun on the first day of such employment, regardless of the nunber of employers l involved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; ME-64 (1/1/88) Page 1 l

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"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regulatory Commission has determined to be an "extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.

2. APPLICATION OF THIS ENDORSEMENT This endorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.

3. EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.

4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:

IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made against the insured not later than the close of December 31, 1997.

5. AVAILABILITY OF SUPPLEMENTAL INSURANCE MAELU and NELIA are offering to make insurance under one or more Master Worker Policies available to all holders of Nuclear Energy Liability Policies (Facility Form).

THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY MAELU OR NELIA AS THEY DEEM NECESSARY OR APPROPRIATE.

The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.

ME-64 (1/1/88) Page 2

, Page 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC. A WRITTEN REQUEST MUST BE SUBMITTED TO MAELU OR NELIA THROUGH REGULAR MARKET CHANNELS.

It is understood and agreed that all of the provisions of this endorsement shall remain in full force and effect without regard to this Section 5, and without regard to whether or not the Named Insureds become insureds under the Master Worker Policies, or whether or not MAELU or NELIA terminate such policies or withdraw or modify their offer to

. underwrite.such policies.

Executed for the com anies Date /*& 9![7 By M. S , Mw -/ ~ _

/ / N (Signature of Author'izXOf ficer)

John L. Quattrocchi, Vice President-Liability Undenvritino (Print or Type Name and Title of Officer)

Executed for the Named Insured Boston Edisca Cbnpany (Named Insured - r'nt or Type)

Date 11/6/87 By ., 7h /

(SigJTatore of Author Ye Officer) l

'Ihcznas J. May, S or Vi resident & Treasurer (Print or Type Name Th is to certify that and this is aTitle true copyof ofOfficer)l the origina i Endorsement having the endorsement number and being made part of tne Nuclear Energy Liability PoUcy (Fe i!ity Form) as des-i ignate hereon. No insurance is afford.- hereunder.

,NC ntn L q ,..tk . .h Mial&DW%s.%3 Effective Date of this Endorsement January 1, 1988 To form a part of Policy No. MF-58 12:01 A.M. Standard Time Issued to Boston Edison Company __

Date of Issue October 19, 1987 For the Subscribing Companies l MUTUAL ATOMIC ENERGY LIABILITY UN ERWRITERS

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Endorsement No. 95 countersigned by

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ME-64 (1/1/88)

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Nucleaa Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL' PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annuai Premium due the companies for the period designated above is: $ 5,813.00 .

THIS IS TO CERTIFY THAT THIS IS A TRUE CCPY OF THE ORIGINAL C68TIF CATE, BEARING THE NUMBER DESIGNfvTED HEREON, FOR INSURANCE COVERAGE UNDEd THE M ASTER NUCY NUCLEAR ENERGY UABilITY INSURANCE (SECteDARY FINAg!AL PROTECTION). NO insek NCE IS AFFORDE OY T"!S CCNH~

,Md'L JOHN RI . '.. J0i '"%

W;E vh..HENT UAFAUTY UNCERWRITING AMikiCAN NUCLEAR INSURERS Eifective Date of this Endorsement January 1, 1988 To form a part of Certificate No N-31 12:01 A.M. Standard Time I.: sued to Boston Edison Company i

Date of Issue Decer.ber 15, 1987 For the sub rtbing ec=panies sy

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W General Manager Endarsemer* No 3 _

Countersigned by

NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ANNUAL PPEMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREM7UM: It is agreed that the Annual Premium due the companies for the pe'iod designated above is: $ 1,688.00 .

TIUS IS TO CERTIFY THAT THIS IS A TRUE COPY OF THE ORIGINAL Cl?.ilt!CATE. BEARsG THE NUMbEH f>f 56hWD HERf 0N. FOA 1%URANCE C0 village UNDER THE MASIER kk:0Y NUCLEARENERGY UAdillTV ASURAN E (SECONDARY flNANCIAL PROTEC N). N9 WSURANCE IS AFF0 DED BY THIS C0P JOHN L 00ATTROC 1 VICE PRESPDENT.LIAU TY UNOF.RWRITING AMER!CAN NiiLLEAR INSU3ERS i

l Effective Date of this Endorsement . January 1, 1988 To form a part of certifica*.c No. M-31 Zssued to . Boston Edison Company i

. Date of Issue Decemcer 15, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UND RWRITERS

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Endorserent No. _ Cout:te rsigned by _, _

A'.thorized Representative