ML20148N515
| ML20148N515 | |
| Person / Time | |
|---|---|
| Site: | Crane  |
| Issue date: | 03/30/1988 |
| From: | Hoffman J MARSH & MCLENNAN, INC. |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8804070065 | |
| Download: ML20148N515 (21) | |
Text
Marsh &
MGLennan M & M Nuclear Consultants
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0"~ WF/IEO 1221 As enue of the Amern as New Tork. W brk it0201070 It'It phone 212 *>7 2000 March 30, 1988 Mr. Ira Dinitz Insurance Liability Specialist Office of Nuclear Reactor Regulation Mail Stop 128 Nuclear Regulatory Ccmmission Washington, D.C. 20555 Three Mile Island Nuclear Station Worker Tort Coverage
Dear Ira:
Enclosed are certified copics of Certificate Nos. NW-125 and MW-46, issued to Metropolitan Edison Company et al.
Also enclosed are certified copics of Endorsement Nos. I and 2 under each certificate.
Regards e
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John Hoffman JH/gsj Enc.
cc:
J. O'Marra, CPU l
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- 804070065 880330 PDR ADOCK 05000289
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Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT cat.ENDAR YEAR 1988 1.
ADVANCE PREMIUM:
It is agreed that the Advance Premium cue the companies for the period designated above is:
$ 9.675.00 2.
STANDARD PREMIUM AND RESERVE PREMIUM:
In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Indus-try Retrospective Rating Plan, the Standard Premium is said Advance Premium and the estimated Reserve Premium element of the Standard Premium is:
$ 7,740_ nn This is to certify that this is a true copy of the original Endorsvnent having the endcr30 ment number and tcing mado part of the Certificate of Insurance bering the nurntcr de.Hgnated hercon for innaaace coverage und r th ' Nuc!ur Energy Lia !!ty Policy (Facihty Werkers Form).
'o Incurance it affarded here der.
John L.
M Mr4
' ability Underwriting America, Juclear In!urers Effective Date of this Endorsement January 1, 1988 To form a part of Certificate No. MW-46 12:01 A.v.
Standard Time Issusd to Metropolitan Edison Company. Jersey Central Power & linht enmnanu. Pennsv1vania tiectric company and GPU Nuclear Corporation Dete of Issue February 8. 1988 For the Subscribing Companies MUTUAL ATOMIC ENERCT LIABILITT UNDERWRITERS A
By BEr7tN e
$dAl-J Endorser. ant No.
2 Countersigned by ME-W-2 (1/1/88)
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Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS INDUSTRY RETROSPECTIVE RATING PLAN PREMIUM ENCORSEMENT It is agreed that:
1.
DEFINITIONS With reference to the premium for the certificate of which this endorsement forms a part:
"Master Worker Policy" means the Master Worker Policy issued by MAELU; "Certificate Holder" means the first Named Insured in a Certificate issued to form a part of the Master Worker Policy; "advance premium", for any calendar year, is the esti-mated standard premium for that calendar year; "standard premium",
for any calendar year, is the premium for that calendar year computed in accordance with the companies' rules, rates, rating plans (other than the Industry Retrospective Rating Plan), premiums and minimum premiums applicable to this insurance.
Standa-d premium includes elements for premium taxes, expenses, profit and contingencies, guaranteed cost insurance and estimated raserve premium. The elements of standard premium, other than for premium taxes and estimated reserve premium, are not subject to retrospec-tive adjustment; "reserve premium" means that portion of the premium for a Certificate (including reserve premium charges paid) that is specifically allocated under the Industry Retro-spective Rating Plan for ratable incurred losses; "industry reserve premium", for any period, is the sum of the reserve premiums for that period for all Certifi-cates issued to form a part of the Master Worker Policy; "retrospective adjustment ratio", for any period, is the ratio of the reserve premium for this certificate for that period t.o the industry reserve premium for the same period; "incurred losses" means the sum of all:
(1) losses and expenses paid by MAELU, and (2) reserves for losses and expenses as estimated by
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f-because of obligations assumed and expenses incurred in connection with such obligations by the members of MAELU under the Master Worker Policy; "ratable incurred losses" means 95% of incurred losses.
Ratable incurred losses are the portion of incurred losses which are not covered by the guaranteed cost insurance element of standard premiums; "non-ratable incurred losses" means 5% of incurred losses.
Non-ratable incurred losses are the portion of incurred losses which are covered by the guaranteed cost insurance element of standard premiums; "reserve for refunds", as of any date, is the algebraic difference between:
(1) all industry reserve premium for the period from January 1, 1988 through such date, minus (2) the total for the same period of (a) all ratable incurred losses and (b) all industry reserve pre-mium refunds made under the Industry Retrospective Rating Plan by members of MAELU; "industry reserve premium charge", for any period, means the amount determined pursuant to the provisions of Section 4 of this endorsement for payment by the Named Insureds under Certificates; "reserve premium charge" means the portion of an indus-try reserve premium charge payable by the Named Insureds under this Certificate; l
"industry reserve premium refund", for any period, means the amount determined pursuant to the provisions of Section 4 of this endorsement for return to the Named Insureds under Certificates; "reserve premium refund" means the portion of an indus-try reserve premium refund returnable to the Named Insureds under this certificate.
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2.
PAYMENT OF ADVANCE AND STANDARD PREMIUMS l
The Named Insureds shall pay the companies the advance l
premium stated in the declarations, for the period from the ef fective date of this certificate through December 31 following. Thereafter, at the beginning of each calendar year while this certificate is in force, the l
Named Insureds shall pay the advance premium for such i
year to the companies.
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The advance premium for each calendar year shall be stated in the Advance and Standard Premium Endorsement for the year issued by the companies as soon as practic-able prior to or after the beginning of the year.
As soon as practicable after the end of a calendar year or the Certificate Coverage Period, the standard premium for the preceding year shall be finally determined and stated in the Advance and Standard Premium Endorsement for that year. If the standard premium exceeds the ad-vance premium paid for that year, the Named Insureds shall pay the excess to the companies; if less, the com-panies shall return to the Named Insureds the excess portion paid.
The Named Insureds shall maintain records of the inform-ation necessary for premium computation and shall send copies of such records to the companies as directed, at the end of each calendar year, at the end of the certi-ficate Coverage Period and at such other times as the companies may direct.
3.
SPECIAL RESERVE ACCOUNT; USE OF RESERVE PREMIUMS MAELU shall maintain on behalf of its members a Special Reserve Account for holding collectively all reserve premiums paid for all certificates issued to form a part of the Master Worker Policy.
Such premiums, together with any undistributed net income realized thereon after taxes and investment expenses, shall be used for the following purposes only:
(1) to pay ratable incurred losses or, in the event ratable incurred losses are paid under the Master Worker Policy from funds advanced by the members of MAELU subscribing the policy, to reimburse such members as a matter of first priority for the funds advanced; (2) to refund any amounts so held to the Named Insureds, as provided in Section 4.
No members of MAELU and no Named Insureds shall have any individual interest in or claim upon amounts held in the Special Reserve Account, except to participate propor-tionally in any refund or reimbursement provided for above.
All reserve premiums paid or payable for this Certifi-cate may be used by MAELU to discharge the obligations of its members under the Master Worker Policy with re-spect to the above purposes and arising out of claims made under any Certificate issued to form a part of the Master Worker Policy.
ME-W-1 (1/1/88)
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4.
PAYMENT OF RESERVE PREMIUM CHARGES AND REFUNDS As soon as practicable af ter each December 31 the com-panies will review the status of the reserve for refunds and report their findings to all Certificate Holders.
If, at any time, the companies find that there is a negative balance in the reserve for refunds and that such condition is likely to prevail, they shall deter-mine an appropriate industry reserve premium charge.
Similarly, if the companies find that there is a surplus positive balance, they shall determine an appropriate industry reserve premium refund.
The portion of an industry reserve premium charge or an industry reserve premium refund that is:
(1) payable by the Named Insureds as a reserve premium charge, or (2) due such insureds as a reserve premium refund, shall be determined by multiplying the industry reserve premium charge or the industry reserve premium refund by the retrospective adjustment ratio applicable to this Certificate.
The amount of any reserve premium charge shall be stated in a Retrospective Reserve Premium Charge Endorsement.
The charge shall be paid promptly af ter receipt of the endorsement.
When all claims covered by the Master Worker Policy are closed the companies shall make a final review and l
report, and shall dete rmine a final industry reserve premium charge or industry reserve premium refund equal l
to the amount of the balance.
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S.
FINAL PREMIUM l
l The final premium for this Certificate shall be (a) the sum of the standard premiums for each calendar year, or portion thereof, during which the Certificate remains in force plus (b) the sum of all reserve premiums, includ-ing all rererve premium charges, minus (c) the sum of l
all reserve premium refunds.
6.
RESERVE PREMIUM CMARGE AGREEMENT In consideration of (a) the participation of Named Insureds in other Certificates subject to the Industry Retrospective Rating Plan, (b) the undertaking of such Named Insureds to pay their appropriate share of any industry reserve premium charge and (c) the obligations assumed by the members of MAELU under the Master Worker 1
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Policy, the Named Insureds, by acceptance of the Master Worker Policy, agree:
(1)
That the insurance provided by the Master Worker Policy applies collectively to all claims covered by the policy through any and all Certificates issued to form a part of the policy.
(2)
That the right of each Named Insured under a cert-ificate to receive reserve premium refunds and the obligation of each such insured to pay reserve premiums charges applies to all claims covered by the Maater Worker Policy and continues until all such claims are closed, whether or not such claims were before the inception of the certificate or after its termination.
(3)
To pay all reserve premium charges due promptly after receipt of the Retrospective Reserve Premium Charge Endorsement, whether or not the Certificate is terminated. Any reserve premium charge shall be overdue if not paid within 60 days of the date of the invoice for the charge, overdue reserve premium charges shall bear interest from the due date until paid at an annual rate equal to the sum of (a) 3% plus (b) a rate of in-terest equal to Moody's Average Public Utility Bond Yield described in the issue of Moody's Bond Survey current on the due date.
Any reserve premium refund due to Named Insureds under a Certi-ficate shall be used to pay any overdue reserve premium charges to such Named Insureds.
7.
RESERVE PREMIUM REFUND AGREEMENT l
Each member of MAELU subscribing the Master Worker Policy for any calendar year, or portion thereof, with respect to which an industry reserve premium refund is determined to be payable thereby agrees for
- itself, severally and not jointly, and in the respective pro-portion of its liability assumed under the Master Worker Policy for that calendar year, to return promptly to the Named Insureds that portion of such refund due such
- Insureds, as determined in accordance with the provisions of this endorsement.
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pig 3 6 Accepted and agreed by the first Named Insured in behalf of itself and every other Named Insured stated in the Declara-tions of the Certificate of which this endorsement forms a part.
11ETROPOLITAN EDISON COMPANY (First Named I ured - Print or Type) 11/13/87 Date y
(SipnaturgF uthgrized Officer)
President & Chief Financial Officer (Print or Type Name and Title of Of ficer)
This is to certify that this is a true copy of the original Endorsement having the enJor:cr"e :t number and bclng rnads part of the Cortificate of insurance t'ar'ng the number dennatcd hereon for insurance covera; under the Nrmar Energy Li3":!.:y PoNcy (Faci!!ty Worters Form).
'o f ~ranco it Mf arcod here, der.
John L.
Jattrcah.a,
_.=qQabihty Underwn. ting American Nuclear Insurers Effective Date of To form a part of this Endorsement January 1, 1988 of Certificate No.
MU.46 12:01 A.M. Standard Time Issued to Metropolitan Edison Company. Jersey Central Power a Light Comoany. Pennsylvania Electric Company and GPU Nuclear Corporation Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATONIC ENERGY LIABILITY ERWRITERS
.n.
=c By
--m Endorsement No.
1 Countersigned by L
!(/t k L/ f17 : ~.'
Autheriedv*erryentc4ve
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J MUTUALATOMICENERGYLIABILIT[ UNDERWRITERS NUCLEAR ENERGY LIABILITY POLICY (Facility Worker Form) herein called the MASTER WORKER POLICY CERTIFICATE OF INSURANCE j
Certificate No. MW-46 Date of Issue Feb. 8.
19 88 This is to certify that the insureds named in Item 1 of the Declarations
- hereof, hereinafter call.ed the "Named Insureds", have obtained insurance under the Master Worker Policy issued by Mutual Atomic Energy Liability Underwriters on behalf of its members. The insurance is subject to all of the provisions of this "Certificate" and the Master Worker Policy.
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DECLARATIONS Item 1. Named Insureds and Addresses:
Metropolitan Edison Company P.O.
Box 542 Reading, Pennsylvania 19603 Jersey Central Power & Light Company P.O. Box 1279 R Morristown, New Jersey 07960 Pennsylvania Electric Company 1
P.O. Box 539 Johnstown, Pennsylvania 15907 GPU Nuclear Corporation l
100 Interpace Parkway Parsippany, New Jersey 07054 Item 2.
Certificate Coverage Period:
l Beginning at 12:01 a.n.
January 1, 1988 and ending at the close of December 31, 1992, Eastern Standard Time, or at the time and date this Certificate is cancelled or terminated, whichever first occurs.
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t Item 3.
Description of the Facility:
Location: All of the premises including the land and all buildings and structures known as the Three Mile Island Nuclear Station including but not limited to Units 1 and 2.
The Three Mile Island Nuclear Station is located on Three Mile Island near the east shore of-the Susquehanna River above York Haven Dam.
The site is located approxi-mately ten (10) miles southeast of the city of Harris-burg in Londonderry Township, Dauphin County, Penn--
sylvania.
1 Type: PowerReactor(Operating) operator of the Facility:
Metropolitan Edison Company Item 4. Amount of Insurance Available:
The amount of insurance afforded by the Master i
Worker Policy.through this Certificate shall be determined by Section VIII of the Master Worker Policy and all of the other provisions of the policy j
relating thereto.
f Item 5. Advance Premium:
$ 9.675.00
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2 APPLICATION OF CERTIFICATE This certificate applies only to bodily injury to a new i
worker (1) which is caused during the certificate coverage Period by the nuclear energy hazard and (2) which is dis-i covered and for which written claim is first made against an insured under the certificate within the discovery period of the Master Worker Policy.
3 INDUSTRY RETROSPECTIVE RATING PLAN All insurance under the Master Worker Policy is subject to the Industry Retrospective Rating Plan in use by the companies. No insurance is provided under this Certificate unless and until the first Named Insured has accepted in f
writing the Industry Retrospective Rating Plan Premium En-dorsement and a copy of the signed endorsement has been 1
issued by the companies to form a part of this certificate.
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IN WITNESS WHEREOF, the companies subscribing the Master Worker Policy have caused this certificate to be executed and attested on their behalf by the Manager of Mutaal Atomic Energy Liablity Underwriters and duly countersigned by an authorized representative.
For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS J. Michael
'Connell, an=~
By
( Authorized Xgeht)
~
Countersigned by:
N \\( hlCotCl 11(i n 4 (AuthorizddReprfsentayive)
Thic is to cert!fy that this l? a true copy of the original Certificate bearing the number d niganted heroco, for int,uranca coverogo tender the Nuch 't Fr+rg. LMay PcUcy (Pec
.y Wo4kas Fcrrn) here:n cai!ed the 'nt'
'J.t iv.c4 cois afforded by this copy.
John L L
- uottra. We r>rendent -
Wity Undcrwriting Asaerican Nucicc.r Insurers MMWPC-1 (1/1/88)
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Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD POEMIUM ENDORSEMENT cal.ENDAR YEAR 1988 1.
ADVANCE PREM!UM:
It is agreed that the Advance Premium cue the companies for the period designated above is:
$ 33,325.00 2.
STANDARD PREMIUM AND RESERVE PREMIUM:
In the absence of a cnange in the Acyance Premium indicated above, it is agreed that, subject to the provisions of the Indus-try Retrospective Rating Plan, the Standard Premium is said Advance Premium and the estimated Reserve Premium element of the Standard Premium is:
$ 26,660.00 4 'S mrtfy that this is a true copy of the original Endon,ert er.t having the endorsement number and being made part of the Certific its of Insurance bearing the number desi nated hereon for insurat e cover 10 under the Nuclear Energy bihty Fblicy (Facility Worxers Form). No n~ranco af' Jder.
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Jc,hn L Tuattrocchi.
Vrisiatn ability Underwriting socrican Nuclear Insurers Effective Date of this Endorsement January 1.1988 To form a part of Certificate No. NW-125 12:01 A.M. Standard Time Issued to Metropolitan Edison Company. Jersey Central Power & l.ight Company, Pennsylvania Electric Company and GPU Nuclear Corportition Date of Issue February 8, 1988 For the Su ribing Coe antes By 8
PRESIDENT Endorsement No.
2 countersigned by '-
1 Idll"
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NE-U-2 (1/1/88)
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Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION INDUSTRY RETROSPECTIVE RATING PLAN PREMIUM ENDORSEMENT It is agreed that:
1.
DEFINITIONS With reference to the premium for the certificate of which this endorsement forms a part:
"Master Worker Policy" mcans the Master Worker Policy issued by NELIA; "Certificate Holder" means the first Named Insured in a certificate issued to fran a part of the Master Worker Policy; "advance premium", for any calendar year, is tne esti-mated standard premium for that calendar year; "standard premium", for any calendar year, is the pre-mium for that calendar year computed i: accordance with the companies' rules, rates, rating plans (other than the Industry Retrospective Rating Plan), premiums and minimum premiurcs applicable to this insurance, Standard premium includes elements fcc premium taxes, expenses, profit and contingencies, guaranteed cost insurance and ratimated reserve premiutr. The elements of standard
- premium, other than for premium taxes and estimated reserve premium, are not subject to retrospective adjustment; "reserve premium" means that portion of the premiam for a certificate (including reserve premium charges paid) that is specifically allocated under the Industry Retro-spective Rating Plan for ratable incurred losses; "industry reserve premium", for any period, is the sum of the reserve preminns for that period for all Certif3-i cates issued to form a part of the Master Worker Policy; "retrospective adjustment ratio", for any period, is the ratio of the reserve premium for this certificatc for that period to the industry reserve premium for the same period; "incurred losses" means the sum of all:
(1) losses and expenses paid by NELIA, and (2) reserves for losses and expenses as estimated by
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because of obligatior.s assumed and expenses incurred in connection with such obligations by the members of NELIA under the Master Worker Policy; "ratable incurred losses" means 95% of incurred losses.
Ratable incurrod losses are the portion of inegrred losses which are not covered by the guaranteed cost insurance element of standard premiums; "non-ratable incurred losses" means 5% of incurred losses.
Non-ratable incurred losses are the portion of inctrred lostas which are covered by the guaranteed cost insurance element of standard premiums; "reserve for refunds", as of any date, is the algebraic difforence between:
(1) all industry reserve premium for the period from January 1, 1988 through such datr, minus 1
(2) the total for the same period of (a) all ratable incurred losses and (b) all industry reserve pre-4 mium refunds made under the Industry Retrospective Rating Plan by members of NELIA; "industry reserve premium charge", for any period, means the amount determined pursuant to the provisions of Section 4 of this endorsement for payment by the Named Insureds under Certificates; "reser"e premium charge" means the portion of an indus-try reserve premium charge payable by the Named Insureds under this certificate; "industry r.aserve preralum refund", for any period, means the amount determined pursuant to the provisions of Section 4 of this endorsement for return to the Named l
Insureds under Certificates; i
"reserve premium refund" means the portion of an indus-try reserve premium refund returnable to the Named In, sureds under this Certificate.
2.
PAYMENT OF ADVANCE AND STANDARD PRdMIUMS The Named Insureds shall pay the companies the advance premium stated in the d9clarations, for the period from the effective date of this Certificate t.hrough December 31 following. Thereafter, at the beginning ot each calendar year while this Certificate is in force, the Named Insureds shall pay the advance premium for such year to the companies.
The advance premium for each calendar year shall be stated in the Advance and Standard Premium Endorsement NE-W-1 (1/1/88)
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l' for the year issued by th9 companies aa soon as practic-able prior to or after the beginning of tbc year.
Ac soon as practicable after the and of a calendar year l
or the Certificate coverage Perie), the standard premium for the pre:eding year shall be finally determined and stated in the Advance and Standard Premium Endorsement fcr that year. If the standard premium exceeds the ad-vance premium paid for that year, the Named Insureds i
chall pay the excess to the companies; if less, the com-panies shall return to the Named Insureds the excess portion paid.
l The Named Insureds shall maintain records of the inferm-ation ne-essary for premium computation and shall send copies of such records to the companies as directed, at the end of each calendar year, at the end of th-2 Certi-j ficate Coverage Period and at such othe times as the companies may direct.
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3.
SPECIAL RESERVE ACCOUNT; USE OF RESERVE PREMIUMS HELIA shall maintain on behalf of its members a special Reserve Account for holding collectively all re=ene promiums paid for all Certificates 1.:mued to form a part of the Master Wrker Policy.
Such premiums, tqather with any undistributed net income realized thereon after taxes and investment expenses, shall be used for the i
following purposts only:
i (1) to pay ratable incurred losses or, in the event ratable incurred losses are paid under the Master Worker Policy from funds 7dvanced by the members of NELIA subscribing the policy, to reimburse such members as a r.atter of first priority for the fundr advanced; (2) to refund any ar.ounts so held to the Named Insureds, as provided in Section 4.
No members of NELIA and no Named Insureds shall havs any individual interest in or claim upon amounts held in the j
Special Reserve Account, except to participate propor-
)
tionally in any refund or reimbursement provided for j
thove.
j All reserve premiums paid or payable for this Certifi-cate may be used by NELIA to discharge the obligations j
of its members under the Master Worker Policy with re-spect to the above purposes and arising out of claims j
made under any Certificate issued to form a part of the Master Worker Policy.
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PAYMENT OF RESERVE PREMIUM CHARGES AND RF, FUNDS
~
As soon as practicable after each December 31 the com-panies will review the status of the reserve for refunds l
and report their findings to all Certificate Holders.
1 If, at any time, the companies find that there is a negative balance in the reserve for refunds and that such condition is likely to prevail, they shall deter-mine an sppropriate industry reservo premium enarge.
Similarly, if the companies find that there is a surplus positive balance, they shall determina an appropriate industry reserve premiun rafund.
The portion of an industry reserve premium chnge or an industry reserve ovemium refund that is:
(1) payable by the Named In9ureds as a reserve premium charge, or (2) due such insureds as a reserve premium refund, shall be determined by multiplying the industry reserve premium charge or the industry recet=va premium refund by the retrospective adjustment ratio applicable to this Cartificate.
The amount of any reserve premium charge shall be stated 4
in a Retrospective Reserve Premium Charge Endorsement.
The charge shall be paid promptly after receipt of the endorsement.
When all claims covered by the Master Worker Policy are closed the companies shall make a final review and re-port, and shall determine a final industry reserve premium charge or industry reserve premium rofund eaual to the amount of the balance.
5.
FINAL PREMIUM i
The final premium for this Certific:te shall be (a) the sum of the standard premiums for each calendar year, or portion thereof, during which the certificate remains in force plus (b) the sum of all reserve premiums, includ-1 ing all reserve premium charges, minus (c) the sum of all reserve premium refunds.
6.
RESERVE PREMIUM CHARGE AGREEMENT in consideration of (a) the participation of Named Insureds in other Certificates subject to the Industry Retrospective Rating Plan, (b) the undertaking of such Named Insureds to pay their appropriate share of any industry reserve premium charge and (c) the obligations assumed by the members of NELIA under the Master Worker NE-W-1 (1/1/83)
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Policy, the Named Insureds, by acceptance of the Master Worker Policy, agree:
(1)
That the insurance provided by the Master Worker Policy applius collectively to all claims covered by the policy through any and all certificates issued to form a part of the policy.
(2)
That the right of each Named Insured under a Cert-ificate to receive reserve premium refunds and the obligation of each such insured to pay rescrve premiums charges applies to all claims covered by the Master Worker Policy and continues until all such claims are closed, whether or not such claims were before the inception of the Certificate or after its termination.
(3)
To pay all reserve premium charges due promptly after receipt of the Retrospective Reserve Premium Charge Endorsement, whether or not the Certificate is terminated. Any reserve premium charge shall be ovardue if not paid within 60 days of the date of the invoice for the charge, overdue reserve premium charges shall bear interest from the due date until paid at an annual rate equal to the sum of (a) 3% plus (b) a rate of in-terent equal to Moody's Average Public Utility Bond Yield described in the issue of Moody's Bond Survey current on the due date.
Any re3erve pre-mium refund due to Named Insureds under a
certificate shall be used to pay any overdue reserve premium charges to such Named Insureds.
7.
RESERVE PREMIUM REFUND AGREEMENT Each member of NELIA subscribing the Master Worker Policy for any calendar year, or portion thereof, with respect to which an industry reserve premium refund is determined to be payable thereby agrees for
- itself, severally and not jointly, and in the respective pro-portion of its liability assumed under the Master Worker Policy for that calendar year, to return promptly to the l
Named Insureds that portion of such refund due such Insureds, as determined in accordance with the provi-sions of this endorsement.
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-i Accepted and agreed by tho first Named Insured in behalf of
[
itself and every other Named Insured stated in the Declara-tions of the certificate of which this endorsement forms a part.
METROPOLITAN EDISON COMPANY (Firs Named Insured - Print or Type) 11/18/37 { -
Q_
Date (si nature 4fJathorized of ficer)
JohA G. Graham
. President & Chief Financial Officer (Print or Type Name and Title of of ficer)
This is to cert:fy that this is e trua copy of tho or!ginal Endorsement hav:,1g the endon en:n! numb er c"d bit'g made p n of the Ceni'icate of insurcoca hear;n] the cumhr c-@n.'ed here;;n for irmurento cowra: 'U M rt". N r :M Enr.rgy Lipity FoUcy (Faci;Ily % rkers i
Form),
o Inn enco is3 e ~ ~ '" vhder.
ff John L.
a!
ni.
5ility Underwriting Amencan Nuclear insurers b
P Effective Date of To form a part of this Endorsement _
January 1, 1988 of Certificate No. fN-125 12:01 A.M. Standard Time Issued to Metropolitan Edison Company. Jersey Central Power & Licht Comoany. Pennsylvania Electric Company and GPU Nuclear Corporation Date of Issue October 19, 1987 Tor the scribing ospanies By
.I
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N General Nasager Endorsement NO.,
I Countersigned by Ik6
,/ b O,Tl NE-w-1 (1/1/88)
!!UCLEAR E!!ERGY LIABILITY I!! SURA! ICE ASSOCIATIC;i
!!UCLE AR E!IERGY LII.3ILITY POLICY (Facility Worker Form) i l
herein called the MA3TER WORKER POLICY CERTIFICATE OF I 11 S U R A ti C E Certificats tio.
NW-125 Date of Issue Feb. 8, 19 08 This is to certify that the insureds named in Item 1 of the Declarations
- hereof, hereinafter called the
"? lamed Insureds", have obtained insurance under the Master Worker Policy issued by tiuclear Energy Liability Insurance Associa-tien on behalf of its members. The insurance is subject to all of the provisions of this "Certificate" and the Master Worker Policy.
1 DECI.ARATIO!!S Item 1. llamed Insureds and Addresses:
Metropolitan Edison Company P.O. Box 542 Reading, Pennsylvania 19603 Jersey Central Power & Light Company P.O. Box 1279 R Morristown, tiew Jersey 07960 Pennsylvania Electric Company P.O. Box 539 Johnstown, Pennsylvania 15907 GPU Nuclear Corporation 100 Interpace Parkway Parsippany, New Jersey 07054 Item 2.
Certificate Coverage Period:
Beginning at 12:01 a.m.
January 1,
1938 and ending at the close of December 31, 1992, Eastern Standard Time, or at the time and date this Certificate is cancelled or terminated, whichever first occurs.
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b Item 3.
Description of the Facility:
Locat. ion: All of the premises including the land and all buildings and structuret known as the Three Mile Island Nuclear Station including but not limited to Units 1 and 2.
The Three Mile Islaad Nuclear Station is located on Three Mile Island near the east shore of the Susquehanna River above York Haven Dam. The site is locatcd approxi-mately ten (10) miles southeast of the city of Harris-burg in Londonderry Township, Dauphin County, Penn-sylvania.
Type:
Power Reactor (Operating)
Operator of the Facility: Metropolitan Edison Company Item 4.
Amount of Insurance Available:
The amount of insurance afforded by the Master Worker Policy through this Certificate shall be determined by Section VIII of the Master Worker Policy and all of the other provisions of the policy relating thereto.
Item 5. Advance Premium:
$ 33,32F.00 2
APPLICATION OF CERTIFICATE This certificate applies only to bodily injury to a new worker (1) which is caused during the Certificate Coverage Period by the nuclear energy hazard and (2) which is dis-covered and for which written claim is first made against an insured under the Certificate within the discovery period of the Master Worker Policy.
3 INDUSTRY RETRCSPECTIVE RATING PLAN All insurance under the Master Worker Policy is subject to the Industry Retrospective Rating Plan in use by the companies. No insurance is provided under this certificata unless and until the first Named Insured has accepted in writing the Industry Retrospective Rating Plan Premium En-I dorsement and a copy of the signed endorsement has been issued by the companies to form a part of this Certificate, i
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l IN WITNESS WHEREOF, the companies subscribing the Master Worker Policy have caused this Certificate to be executed and attested on their behalf by the President of Nuclear Energy Liability Insurance Association and duly c o'a nt e r-signed by an authorized representative.
For the Subscriting Companics of NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Burt C.
Proom, President
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"(Authe Agont) l' Countersigned by: [ 't/i ///i/ u [ f
( iu n -J (Authorg:ed Representative) a s
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< -. j' nC C CQif f 3!)0 llDdOI D'd' l"
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- scrs r ctm) herein
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// ' rm; e af f or dvd by this copy.
%ty Underwriting J a t' n L Amancan Nuc; car insurers i
mGPC-1 (1/1/88)
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