ML20149E695

Forwards Endorsements 96 & 98 to Nelia Policy NF-194, Endorsements 82 & 84 to Maelu Policy MF-60 & Endorsement 8 to Nelia Policy N-34 & Maelu Policy M-34

ML20149E695
Person / Time
Site:	Maine Yankee
Issue date:	01/05/1988
From:	Vieten M MARSH & MCLENNAN, INC.
To:	Dinitz I Office of Nuclear Reactor Regulation
References
NUDOCS 8801130443
Download: ML20149E695 (11)

Text

_

Marsh &

McLennan M & M Nuclear Consultants 1221 Awnue of the Ameran New brk, N fw Tork llX1201011 hlephone 212 997-2000 January 5, 1988 Mr. Ira Dinitz Office of Nuclear Reactor Regulation Mail Stop 128 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Maine Yankee

Dear Ira:

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

Policy Endorsements NF-194 96/98 MF-60 82/84 N-34 8 M-34 8 If you should have any questions, please feel free to call.

Regards, l

Michael J. Vieten Nuclear Consultant MJV/gsj

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NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION I

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:

$ 465.077.00 .

2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a change in the Advanca 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:

$ 351.133.00 .

This is to certify that this is a true copy of the original Endorsement hawing the endorsement number and being made part ,

of the Nuclear Energy Uability Po! icy (Fac ty Form) as des-ignated erecn. No Insur.wice is afforde Jrcunder.

J ,et,t x' 'Pr= dent-Latcy *.

e r,_w m.uar trarm .

l Effective Date of January 1,1988 To f arm a part of Policy No. NF-194 This Endorsement 12:01 A.M. Standard Time i lasued to Maine Yankee Atomic Power Company DecemW 15, M7 For the ribing com nies Date of issue By /

/"

A b General Manager Endorsement No. 98 Countersigned by I

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

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

$ 135,022.00 .

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 Retsrve Premium is:

3 101,942.00 ,

This is to certify that this is a true copy of the origitul Endorsement having the endorsement nurnber and being rnade part Facihty Forrn) as des-of the Nuclear Er.crgy Liabuity Policy (ghere i:; rah hereon. No Insurance is afford .

w , u , q%a. x x .m m e Avra ucer traurers Effective Date of January 1,1988 This Endorsement To form a part of Policy No. MF-60 12:01 A.M. Standard Time issued to Maine Yankee Atomic Power Company Date of issue December 15.1987 For the subscribing companies MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS By .% . W Endorsement No. 84 ,

N ~ ~ '

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 ( "MAE LU" ) 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. Accardingly 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 endorsement 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 emplayment 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 ,

"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 WORKERG 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:

IV-A APPLICATION OF POLICY TO WORKERS CIAIMS This p dicy applies only to bodily injury (1) which ir 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 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).

i THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM  !

POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY NELIA I OR MAELU AS THEY DEEM NECESSARY OR APPROPRIATE. '

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

l NE-64 (1/1/88) .

Page 2

't

• • Pcga 3

. g 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 inaureds under the Master Worker Policies, or whether or not NELIA or MAELU terminate such policies or withdraw or modi;f their offer to underwrite such policies.

Executed for the companias Dat: (2 2, 97 By

/

. %L .hsEm ~ su T (Signaldie ot"Auth'ot?hed Of ficer)

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

Executed for the Named Insured MAINEpNKEEATOMICPOWERCOMPANY (Name ured - Print or Type)

Date 11/24/87 By 4 Mf/

(81gnatnrepfAuthorizedOfficer)

Patrick S. Lydon (Print or Type Name and Title cif Of ficer)

Vice President, Finance and Administration Thb h to certify that this k a tna copy cf the crisiul Endorsement h:es the endorwment number and bcing mede p:t of the Nuclear Eners; Lbb3ity Potcy (F d.ty Ferm) as des-y ir w i hereon. No lnsurance is dforc' . hereundcr.

m . < mA  % +:en Effective Date of this Endorsement January 1. 1988 To form a part of Policy No NF-194 12:01 A.M. Standard Time tsausd to Maine Yankee Atomic Power Company Date of Issue October 19, 1987 For the subscribing companies l fl By --3' General Manager Endorsement No 96 Countersigned by NE-64 (1/1/88)

. e

- s

., Nuclear Fnergy 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.

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 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 involved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; ME-64 (1/1/08) Page 1

,y.. -- -

c "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 af ter 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 tae followit.g '

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). l 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 Policios 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 i

Page 3

- a 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 comp)anies Date By AR

% (Signature 6f Authorized' officer) d - L' John L. Quattrocchi. Vice President-Liability Undenvritinq (Print or Type Name and Title of Of ficer)

Executed for the Named Insured MAINKYANKEEATOMICPOWERCOMPANY (Name rau ed - Print or Type)

,- / r Date 11/24/87 By / -

2 - / -

(S gnatute o,f Authorized Of ficer)

Patrick S. Lydon (Print or Type Name and Title of officer)

Th. .Vice President., Finance and Administration s is to certify that this ts a true copy of the origine)

Endorsement having the endorsernent ryrnber and being rnade par-of the Nuclear Enerw ILbil.tv Policy (r) key Fcrm) e.s des-ignate i hereon. No Ins an~ : "" Nr

.% W 4 ' eunder.

Effective Date of John L ~ paracea v :eM&nt tc rit this Endorsement Janual y 1,193Brwe%riturm To form a part N Policy No.flF-60 12:01 A.M. Standard Time Issued to Maine Yankee Atomic Power Company Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UN ERWRITERS l l

By D. C Endorsement No. gg Countersigned by I

Authorized Representative ME-64 (1/1/88)

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f Nuclear Energy Liability insurance l NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION

[

ANNUAL PREMIUM ENDORSEMENT f 1 Calendar Year 1988 i i

i ANNUAL PREMIUM: It is agreed that the Annual Premium due the j companies for the period designated above is: $ 5,813.00 .

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4 THIS IS TO CERTIFY THAT THl3 IS A TRUE COPY OF THE ORIGINAL CERiiflCATE. BEARING THE NUMBER DEStGN ATE 0 HEREON, FOR y j INSUR ANCE COVERAGE UNDEH THE M AST POLICV-NUCLEAR ENERGY li Adt' 'iY INSURANCE (SECONDARY FIN IAL PR0iECil4N). NO ,

INSUR NCE OR0E Y * ' " l W1 ~

J3HN, "Jdi CdHi d i ViCE Patsr0EN1 LIABillTY UNDERWRITING .

AMEhtCAN NUCLEAR INSURERS j i

Ettective Date of 3

this Endorsement January 1, 1988 To fora a par: of Certificate No N-34 12:01 A.M. Standard Time Tssued to Maine Yankee Atomic Power Company ,

1 l Date of Issue December 15, 1987 For the supribing companies

)

By ./ %\D/ (bv~ ..

] N General Manager i

Endorsement No_. 8 Countersigned by i

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r- .q -~ --e - - ea - e-- ,e es-, - - - .v

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NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Yeat 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,688.00 .

T!!is !S TO CERTIFY THAT THIS IS A TRUE COPY OF T! 6 GRtGINAL CEaTiF!Cf.TE, BEARING THE NUMBER DESIGNATE 0 HEREON. FOR INiaMNCE 1:

COVERAGE d:.'cE A THE MASTER POUCY NUCLEAR ENERGY ,

4 Bit il Y INSURANCE (SEC0t:DARY FINANCIAL FROTECIl0N). A0 10SOR ANCE IS AFFORDED 'Y THIS COPY.

// w JOHN L QUATTT.0CCHI .T .

VICE PRESTENT.UABlUTY DERWRITING AMER'CAN NUCLEAR INSURERS s.:

Effective Date of this Endorsensnt January 1, 1988 To form a part of Certificate No. M-34 l

1ssued to Maine Yankee Atomic Power Company l Laee of Issue December 15, 1987 For the subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UND RWRITERS By

.T --

Y; __g C Endorsement No. 8 Countersigned by Authorized Representative

. _ _ _ _ _ _ _ _ _ _ _ _ _ _ .