ML20148Q281
| ML20148Q281 | |
| Person / Time | |
|---|---|
| Site: | Fort Saint Vrain  |
| Issue date: | 04/01/1988 |
| From: | Brey H PUBLIC SERVICE CO. OF COLORADO |
| To: | NRC OFFICE OF ADMINISTRATION & RESOURCES MANAGEMENT (ARM) |
| References | |
| P-88114, NUDOCS 8804120385 | |
| Download: ML20148Q281 (21) | |
Text
. __
4, O Public Service ~
=/h..
2420 W. 26th Avenue, Suite 1000, Denver, Colorado 80211 April 1,1988 Fort St. Vrain Unit No. 1 P-88114 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C.
20555 Docket No. 50-267
SUBJECT:
Fort St.
Vrain Financial Protection Gentlemen:
Enclosed are certified copies of Nuclear Energy Liability Policy Certificates of Insurance #NW-100 and #MW-42.
These documents are submitted in accordance with 10CFR140.15, "Proof of Financial Protection".
If you have any questions or comments, please contact Mr. M. H.
Holmes at (303) 480-6960.
Very truly yours, wb H. L. Brey, Manager Nuclear Licensing and Fuels Division HLB:jw/dd cc: Regional Administrator, Region IV Attention: Mr. T. F. Westerman, Chief Projects, Section B Mr. R. E. Farrell Senior Resident Inspector Fort St. Vrain 8804120385 880 PDR ADOCK 05000 67 h
J PDR j
~
p
.v'\\
MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS NUCLEAR ENERGY LIABILITY POLICY (Facility Worker Form) herein called the MASTER WORKER POLICY CERTIFICATE OF INSURANCE Certificate No. NW-42 Date of Issue Jan. 15 19 88 This is to certify-that the insureds named in Item 1 of the Declarations
- hereof, hereinafter called 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.
1 DECLARATIONS Item 1. Named Insureds and Addresses:
Public Service Company of Colorado Platteville, Colorado 80651 i
Item 2.
Certificate Coverage Period:
Beginning at 12:01 a.m.
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.
MMWPC-1 (1/1/88)
Page 1
.. A 1
Item 3.
Description of the Facility:
Location:
All premises including the land and all buildings and structures known as the Fort St. Vrain Nuclear Generating Station located approximately thcee and one-half (3h) niles northwest of Platteville, Colorado, situated in Range 67 Ilest, Township 3 North, Sections 3 and 10 of tleid County, Colorado, Type: Power Reactor Operator of the Fac'ility: Public Service Company of Colorado
.~1em 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:
$ 4,837.00 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 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
)
writing the Industry Retrospective Rating Plan Premium En-dorsement and a copy of the signed endorsement has been issued by the companies to form a part of this Certificate.
j l
MMWPC-1 (1/1/88)
Page 2
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 Mutual Atomic Energy Liablity Underwriters and duly countersigned by an authorized representative.
For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS Michael O'Connell,tanacter J.
u
.s. e
' '~ 'WA By (Authorized Agent)
Countersigned by:
( M.
(Authoriz 3 Reprebentative)
Pie copy of the original Certificate This is to certify that 21.
- bearing the number rA signa'ca hereon, for insuranco coverag
!!ity Workers Form) herein the Nt ofcar Energy Liability Policy ( Jrancais af forded by thiscopy.
m' I Pr"--
called i :o Mantor Work John uat
- chi, TrniMnbility Underwriting American Nuclear insurcrs MMWPC-1 (1/1/88)
Page 3
Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS 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" 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.
Standard premium includes elements for premium taxes, expenses, profit and contingencies, guaranteed cost insurance and estimated reserve 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 to 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
- MAELU, ME-W-1 (1/1/88)
Page 1
ps 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; "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.
2.
PAYMENT OF ADVANCE AND STANDARD PREMIUMS The Named Insureds shall pay the companies the advance premium stated in the declarations, for the period from the effective date of this certificate through December 31 following. Thereafter, at the beginning of each calendar year while this certificate is in force, the Named Insureds shall pay the advance premium for such year to the companies.
ME-W-1 (1/1/88)
Page 2 l
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.
i 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 its members under the Master Worker Policy with re-of spect to the above purposes and arising out of claims made under any Certificate issued to form a part of the j
Master Worker Policy.
ME-W-1 (1/1/88) page 3
- O 4.
PAYMENT OF RESERVE PREMIUM CHARGES AND REFUNDS As soon as practicable after each December 31 the com-panies will review the status of the recerve for refunds and report their findings to all Certificate Holdert.
If, at anh 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 irldustry 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 report, and shall determine a final industry reserve premium charge or industry reserve premium refund equal to the amount of the balance.
5.
FINAL PREMIUM 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-t 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 MAELU under the Master Worker ME-W-1 (1/1/88)
Page 4
.i
- O 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 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 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 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.
ME-W-1 (1/1/88)
Page 5
t s
Pags 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.
kNhc. NAo/cc &m'M of (dvfMuG (First Named Insured - Print or Type)
Date niiN 87 By i n /t d M"'(
s (siglature of Authorized Of ficer)
$65ec oA rc' SfNroc 0cunsn #'V 0e nyeeArc 5ecce wri (Print or Type Name and Title of Of'icet)
This is to certify that this is a t~ue copy of tho original Endorsement having the endorsement number and being made part of the Cortificate of 8nsurance bearing the reumbe-dcsic'uted hereen for insurance covera e under the Nucicar Encrgy I oil;ty Policy (Favility Workers Form). No inm ranco i IfF
_d er.
John L Uuittrocchi, vice resiMn ility Underwriting Ararican Nuclear insurero l
i i
i Effective Pata of To form a part of this Endorsement Januarc 1,1988 of Ce:tificate No. ffW-42 12:01 A.M. ^ ~.a7d Ti a b
Issued to Public Servic_e Cer,; nY Of Ct Jdo Date of Issue October 19.
~
> scribing Companies
+
' ?
- 1" V,0NIC ENERGT LIABILITV ERWRITERS l
3% C 9
- r. m s> _
Endorses.nt No.
Countersigned by AuthorizM Representative I
i m
ME-W-1 (1/1/88)
Nuc! car Energy Liability Insurance MUTUAI. ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 1988 1.
ADVANCE PREMIUM:
It is agreed that the Advance Premium cue the companies for the period designated above is:
$ 4,837.00 2.
STANDARD PREMIUM AND RESERVE PREMIUM-In the absence of a change in the Aovance 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 Fremium element of the Standard Premium is:
This is to certify that this is a tr ie copy of the original Endorsement
$ 3,870.00 havino the codorsement number and botng made part of th6 Certificate of Insurance bearing the number designated hereon for insurance coveraga under the Nuclear Energy Li I!:ty Po!!cy (Facility Workers Form), 40 insuranco is afforded berr ider.
_ MNhi.
1 kbility Underwriting John L s Americai auclear Insurors Effective Date of this Endorsement January 1, 1988 To for:n a part of Certificate No.Ji-42 12:01 A.M. Standard Time Issued to Publi; Servte :ompany of Colorado 1
i of Issue January 16, 1988 For the Subscribing Companies MUTUAL nTOMIC ENERGT LIABILITY UNDERWRITERS By
\\
Endorsement to.
2 countersigned by
\\
y ME-w-2 (1/1/88) 1
r
. o s,,.
t NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION NUCLEAR ENERGY LIABILITY POLICY (Facility Worker Form) herein called the MASTER WORKER POLICY CERTI FIChTE OF INSURANCE Certificate No. fM-100 Date of Issue _Jan.15 19 88 This is to certify that the insureds named in Item 1 of the Declarations
- hereof, hereinafter called the "Named Insureds", have obtained insurance under the Master Worker Policy issued by Nuclear Energy Liability Insurance Associa-tion on b: half of its members. The insurance is subject to all of the provisions of this "Certificate" and the Master Worker Policy.
1 DECLARATIONS Item 1. Named Insureds and Addresses:
Public Service Company of Colorado Platteville, Colorado 80651 Item 2.
Certificate Coverage Period:
{
Beginning at 12:01 a.m.
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 terrinated, whichever first occurs.
NMWPC-1 (1/1/88)
Page 1
7 t,
a.
4, 4
Item 3.
Description of the Facility:
Location:
All premises including the land and all buildings and structures known as the Fort St. Vrain fluclear Generating Station located approxinately three and one-half (3h) miles northwest of Platteville, Colorado, situated in Range 37 West, Township 311 orth, Sections 3 and 10 of Weld County, Colorado.
Type: Power Reactor Operator of the Facility:
Public Service Company of Colorado.
Item 4.
Amount of Insuranco 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:
16,663.00 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 againnt 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 Poiicy is subject to the Industry Retrospective Rating Plan in use by the companies. No insurance is provided under this certificate unisss and until the first Named Insured has accepted in writing th9 Industry Retrospective Rating Plan Premium En-1 dorsement and a copy of the signed endorsement has been issued by the companies to form a part of this certificate.
NMWPC-1 (1/1/88)
Page 2 1
- a
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 counter-signed by an authori::ed representative.
For the Subscribing Companies of NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Burt C.
Pro m, President By
.%, d_}h N
-(AuthorM Agent)
B 1
countersigned by:
k
\\'
A%
(Authori d Representative)
This is to certify that this le e tnie copy of the original Certificato bearing the number desig't.."a r.ereon, for insurance coverage under the NL tear Energy Liab!nty Policy (Fjf;ility Workers Form) herein called t e M Yorkt P'*
" tr/lirance is afforded by this cooy.
John L 'uattrocchi, ie resi u
~ b;ilty Underwriting An.orican Nuclear Insurers NMWPC-1 (1/1/88) page 3 I
O g a 4
- (
i Nuclear Energy Liability Insurance NUCLEAR ENERGY LIAlllLITY INSURANCE ASSOCIATION INDUSTRY RETROSPECTIVE RATING PLAN PREMIUM ENDORSEMENT It is agresd 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 NELIA; "Certificate Holder" means the first Named Insured ira 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 calencar year; "standard premium", for any calendar year, is the pre-mium 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. Standard premium includes elements for premium taxes, expenses, profit and contingencies, guaranteed cost insurance and estimated reserve premium. 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 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 to the industry raserve premium for the same period; "incurred losses" means the sum of all:
(1) losses and expensos paid by NELIA, and (2) reserves for losses and expenses as estimated by
- NELIA, NE-W-1 (1/1/88)
Page 1
because of obligations assumed and expenses incurred in conrection with such obM.gations by the members of NELIA 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 NELIA;
' industry reserve premium charge", for any period, means the amount determined pursuant to the provisions of Section 1 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; "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; i
"reserve premium refund" means the portion of an indus-try reserve premium refund returnable to the Named In-sureds under this Certificate.
i 2.
PAYMENT OF ADVANCE AND STANDARD PREMIUMS The Named Insureds shall pay the companies the advance premium stated in the declarations, for the period from the effective date of this certificate through December 31 following. Thereafter, at the beginning of each i
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 1
NE-W-1 (1/1/88)
Page 2 i
l
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 Na.ted 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 NELIA 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 NELIA 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 NELIA 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 NELIA to discharge the obligations of its members under the Master Worker Policy witr re-spect to the above purposes and arising out of cit bs made under any Certificate issued to form a part of the Master Worker Policy.
NE-W-1 (1/1/88)
Page 3
4 4.
PAYMENT OF RESERVE PREMIUM CHARGES AND REFUNDS As soon as practicable after 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 thtre 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 recarve 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 after receipt of the endorsement.
When all claims cover *d 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 refund equal to the amount of the balance.
5.
FINAL PREMIUM 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-l l
ing all reserve premium charges, minus (c) the sum of all reserve premium refunds.
6.
RESERVE PREMIUM CHARGE AGREEMENT 4
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 approprie.te share of any industry reserve premium charge and (c) the obligations assumed by the members of NELIA uncer the Master Worker NE-W-1 (1/1/88)
Page 4
s Policy, the Named Insureds, by acceptance of the Master Worker Policy, agree:
(1)
That the insurance provided by the Master Workar 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 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 4
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 d te date until paid at an annual rate i
equal to the sum of (a) 3% plus (b) a rate of in-terest equal 'o Moody's Average Public Utility Bond Yield described in the issue of Moody's Bond Survey current on the due date.
Any reserve 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 PREM1UM REFUND AGREEMENT l
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 Named Insureds that portion of such refund due such Insureds, as determined in accordance with the provi-sions of this endorsement.
1 J
i NE-W-1 (1/1/88)
Page 5
Paga 6 i
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.
khbc Seace. bypW cf &t6Mc/c, (First Named Insured - Print or Type)
Date lill3/R 7 By
)-/tM12 'h s [N 8
(Si nhture'of Authorized Officer)
ASc.cf, a rr &o:gypt 0,u,;gc?'./kn~juzarr Jrcitypt.,
(Print or Type Name and Title' of Officerf Tl.ls is to certify that '.nis is a true copy of the original Endorsement having the endorsement number and beir'0 made part of the Certificate of insurance boaring the number desk ated hereon for insurance coveraae under the Nuctear Energy i binty Policy (Facility Wolkers Form). No i nco I., f
- dor.
ua'ttrocchi, Vice hesidenbility Lnderwriting John L American Nuclear insurers Effective Date of To f orm a part of this Endorsement Janus.'y 1, 1988 cf Certificate No.
NW-100 12:01 A.fl. Standard Time Issued to Public Service ComoanY of Colorado Date of Issue October 19, 1987 For tt.e suribing companies By i
General Manager
.s. dq Endorsement No.
1 Countersigned by, NE-k'- l (1/1/88)
n Nuclear ?nergy Liebility Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDAR0 PREMIUM ENDORSEMENT CALENDAR YEAR 1988 1.
ADVANCE PREMIUM:
It is agreed that the Advance Premhat cue tne companics for the period designated above is:
$ 16,663.00 l
2.
STANDARD PREMIUM AND RESERVE PREMIUM:
In the absence of a cnange in the Acvance Premium 1'ndicated 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:
Thu is to co lify that this is a true copy of the originai Endonement
$ 13,330.00 m nn enmeersement numba aw Mc " e. r 1 cf the Cer:W0 ate at :nsurance twarirm thrt narc t, e.
d M r 3a for insurance c:wrF;a under tho Nr or E '0/ L ~ M4 Ni6ddf/ WO f
- S Form) No insurm d x.d!-
in & '
.,M,
- an, O
.:biiity Underwnting rene ri tJudear inaurus Effective Date of this Endorsement January 1. 1988 To form a part of Certificate Nc.
IN-100 12:01 A.M. Standard Time Issued to Public Service Company of Colorado 1
Deco of Issue January 15, 1988 For the Su ribing Co anies By N'
PRESIDENT 3'a x e w~
h Endorsement No.
2 countersigned by y
NE-W-2 (1/1/88)
- - -