ML20149J197
| ML20149J197 | |
| Person / Time | |
|---|---|
| Site: | Vermont Yankee File:NorthStar Vermont Yankee icon.png |
| Issue date: | 02/17/1988 |
| From: | Vieten M MARSH & MCLENNAN, INC. |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8802220308 | |
| Download: ML20149J197 (7) | |
Text
_ _ _ _ _ _ _ _ _.
4 g ier m n M & M Nuclear Consultants g[g.
1221 Asenue of the Americas New Tork, New Tork 10020-1011 Telephone 212 997 2000 February 17, 1988 Mr. Ira Dinitz Office of Nuclear Reactor Regulation Mail Stop 12B l
U.S. Nuclear Regulatory Commission Washington, D.C.
20555 Re Vermont Yankee
Dear Ira:
Enclosed, please find two certified copies of each of the i
following endorse =ents:
- Policyv, Endorsement l
NF-189 86 t
MF-56 68 4
If you should have any questions, please feel free to call.
- Regards,
{
i Mi tac 1 J. Vieten i
Nuclear Consultant j
FUViks EN.
j cc: G. Morgan w/o enc.
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d i
1
$$g221&i 8 10 1
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4 I
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.
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 Anerica 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 (1/1/88)
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 Regulstory 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 DOLICY TO WORKERS CIAIMS 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 INSL,.ANCE 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 claima. Premiums will be subject to a separate Industry Retrospective Rating Plan.
ME-64 (1/1/88)
Page 2
P2go 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 niodify their offer to underwrite such policies.
Executed for the compani s
.T.
Date,
2/5/88 By (Signature of Authorized Officer)
John L. Ouattrocchi. Vice President-Liability Underwriting (Print or Type Name and Title of Officer)
Executed for the Named Insured Vermont Yankee Nuclear Power Corporation (Named,d sured - Print or Type)
/ //) 3/57 By br Ji n Date (Signature of Authorized Officer)
'/ John T. Pearson. Vice President Finance & Adm.. Treasurer This is to certify that this is a true cop / of the oos.o f Of f icer)
(Print or Type Name and Title nal Endorsernent having the cndorsement number and being made part l
l of the Nxlear Energy Liabity Potcy (FacpFy Form) as de ipated reon. No insurance is ahordedf/reunder, ehn h
wt Effective Date of this Endorsement January 1, 1988 To form a part of Policy Nu, MF-56 12:01 A.M. Standard Time Issued to Verinont Yankee Nuclear Power Corocration Dato of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERCY LIABILITY UN ERWRITERS C
By Endorsement No.
18 Countersigned by Authorized Representative
.ME-64 (1/1/88)
[
L 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 verld 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 provida 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 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 in-volved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; l
l 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 Rogulatory 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 i
l With respect to such insurance as is afforded by this l
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 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 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 POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY hELIA OR MAELU AS THEY DEEM NECESSARY OR APPROPRIATE.
The Master Worker Policies will provida, under their separate terms and conditions, coverage "or new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.
NE-64 (1/1/88)
Page 2
P.g3 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC. A WRITTEN REQUEST MUST BE SUEMITTED 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,
ar.d without regard to whether or not the Named Insureds become insureds under the Master Worker Policies, or whether or not NELIA or MAELU terminate such policies or withdraw or modify their offer to underwrite such policies.
Executed for the companies
- S.
7 Date 2/5/83 By (Sigh 6ture of AuthorizW8 4fficer)
John L. Quattrocchi. Vice President-Liability finderwri ting (Print or Type Name and Title of Officer)
Executed for the Named Insured Verrnont Yankee Nuclear Power Corporation (Name ured - Print or Type)
///h3/h7 By
//
///f hn Date (Signa'ture of Authorized Officer)
, John T. Pearson, Vice President, Finance & Adm., Treasurer (Print or Type Name and Title of Of ficer)
This is to certify that this is a true copf of the orgnal Endorsement having the endorsernent y and being made pa!f c the Nuclear Energ/ LiaMty Pobcy (F Form) as de+
8 kJnated con. No insu-
.kd
^&.
Jitn L xN,b Presalernuddey Undedrw Amencan Nudear insurm Eff:ctive Date of this Endorsement January 1. 1988 To form a part of Policy No NF-189 12:01 A.M. Standard Time Issu:d to Verrnont Yankee Nuclear Power Corocration D:te of Issue October 19, 1987 For the subscribing companies o
By General Manager End:rsement No 86 Countersigned by NE-64 (1/1/8S) t