ML20151H251
| ML20151H251 | |
| Person / Time | |
|---|---|
| Site: | Wolf Creek  |
| Issue date: | 04/12/1988 |
| From: | Withers B WOLF CREEK NUCLEAR OPERATING CORP. |
| To: | Murley T Office of Nuclear Reactor Regulation |
| References | |
| WM-88-0088, WM-88-88, NUDOCS 8804200319 | |
| Download: ML20151H251 (28) | |
Text
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1 W64.F CREEK NUCLEAR OPERATING CORPORATION sert o. witner:
er.e.ow no CNet Executive oscor April 12,1988 VM 88-0088 Mr. h. so E. Murley, Director Office of Nuclese Reactor Regulation
(
U. S. Nuclear Regulatory Commission Washington, D. C. 20555 Subject :
Docket No. 50-482:
Proof of Financial Protection (10 CPR 140.15)
Dear Dr. Murley:
The owners of Wolf Creek Generating Station (VC'IS) have purchased a nuolesr energy liability policy known as the Master Vorker Policy from Nuolear Energy Liability Insurance Association (NELIA) and Mutusl Atomio Energy liability Underwriters (MAEiU). The policy was effective January 1, 1988.
As a result of the change in finsnoial protection in the form of liability
'i.surance for WCGS, the documents listed below are being provided pursuant to the requirements of 10 CPR 140.15.
NELIA Nuolest Energy Liability Policy (Facility Vorker Form) - Master Vorker Dolicy, Certificate of Insurance No. NV-175, dated January 15, 1988 NELIA Industry Retroapeotive Rating Plan Premium Endorsement for Certificate of Insurance No. NV-175, dstei October 19, 1987 MAELU Nualesr Energy Liability Policy (Facility Worker Form) - Msster Vorker Policy, Certificate of Insurance No. M4-88, dated January 15, 1988 MAELU Industry Retrospective Rating Plan Premium Endorsement for Certificate of Insurance No. Kd-83, dated October 19, 1987 NELIA Amendment of Coverage Endorsement for Vorkers Clsin (Pacility Form) to Policy No. NP-283, datei October 19, 1997
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PO. Box 411 < ikdngton, KS 66839 / Phone: (316) W8831 Am EM omorturwy EW M F HC.vCT
O WM 88-0088 Page 2 of 2 April 12,1988 MAELU Amendment of Coverage Endorsement for Workers Claims (Facility Form) to Policy No. MP-118, d.ated Octcber 19, 1987 If you have any questions concerning this submittal, please contact me or Mr. O. L. Maynari of my staff.
Very truly youra,
- _w Eart D. Withers President and Chief Executive Offloer BDV/jad Enclosures 00:
P. L. Bartlett (NRC), v/a P. V. O'Connor (NRC), 2 v/s.
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'd liUCLEAR E!!ERGY LIABILITY I!! SURA! ICE ASSOCIATIO!!
!iUCLEAR E!!ERGY LIABILITY POLICY (Facility Worker Form) herein called *he MASTER WORKER POLICY CERTIFICATE OF I li S U R A N C E Certificate 110. fN-175 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 Mastei: Worker Policy issued by Nuclear Energy Liability Insurance Associa--
tion on behalf of its members. The iniurance is subject to all of the provisions of this "Certificuta" and the Master Worker Policy.
1 DECL W.~rin'*C Item 1. Named Insureds and Addresses:
Kansas Gas and Ele.tric Company 201 liorth liarket P.O. Box 208 llichita, Kansas 67201 Kansas City Power & Light Company 1330 Baltimore P.O. Box 679 Kansas City, Missouri 64141 Kansas Electric Power Cooperative, Inc.
28th & Wanamaker Road P.O. Box 4877 Topeka, Kansas 66604 Item 2.
Certificate Coverage Period:
Beginning at 12:01 a.m.
J a.nuary 1,
1988 and ending at the close of December R1, 1992, Eastern Standard Time, or at the time and date this Certificate is cancelled or terminated, whichever first cccurs.
NMWPC-1 (1/1/88)
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,s Item 3.
Descriptic:a of the Facility:
Location:
Al of the premises including the iand and all buildings and structures known as Wolf Creek Generating Station, including the makeup water pumphouse and sluice located near the John Redmond Dam with pipelines extending fre the John Rednond Dan to the sluice and from the. makeup water pumphouse to the cooling lake, all of which is located on approximately 10,500 acres of land approximately 3.5 miles northeast of Burlington, Coffey County, Kansas, or within the right of w;y easements (or ?50 feet to either side thereof) of the makeup water pumphouse, sluice, and pipelines.
Type: fewer Reactor t
operator of the Dcilitl: Kansas Gas and Electric Company; Kansas City Power & Light Company; Kansas Electric Power Cooperative, Inc.
Item 4.
Amount of Insurance Available:
The amount of insurance afforded by the Master
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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:
S 16,663.00 2
APPLICATIC!! 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 ha::ard and (2) which is dis-coverad and for which written claim is first made against an insured under the Certificate within the discovery period of the Master Worker Policy.
I!!DUSUY RETROSPECTI'/E RATI!!G PLA!i All insuranca under the Master Worker Policy is subject to the Industry Retrospective Rating Plan in use by the companies. !!o insurance is provided under this certificate unless and until the first !Iamed Insured has accepted in writing the Industry Retrospective Rating Plan Premium En-dorsemer.t and a copy of the signed endorsement has bec 3 issued by the companies to fora a part of this Certificate.
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IN WITNEE1 WHEREOF, the companies sutperibing the Master Worker Poikey have caused this Certilpate to be executer! \\
and attested on thel,r, behalf by the '0 resident of Nuclear $ f Enezg/ Lirpility
- pt1rance Association and duly counter-signed by %l authorized representative.
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NUCLEAR EFpRGY LIABILITY : SURANCE ASSOCIAiION e
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I leat Certifict.to This IS to Certgjy that thlS IS a trOS COM OI nCo COV'crage Under r dCsignated her000. I 3 po $ hefeln u
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s Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION INDUSTRY RETROSPECTIVE RATING PLAN PREMIUM ENDORSEMENT It is agreed that:
" i 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 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 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, 4
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; y
"retrospective adjustment ratio", for any period, is the ratio of the reserve premium for this cert'.ficate for that period to the industry reserve premium for the I
same period; "incurred losses" means the sum of allt (1) losses and expenses paid by NELIA, and l
(2) reserves for losses and expenses as estimated by
- NELIA, NE-W-1 (1/1/88)
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because of obligations 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 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 lossen.
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 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 In-sureds 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 ef fective date of this Certificate through December 31 following. Thereafter, at the beginning of each j
calendar year while this certificate is in force, the Named Insureds shall pay the advance premium for such l
year to the companies.
l The advance premium for each calendar year shall be l
stated in the Advance and Standard Premium Endorsement NE-W-1 (1/1/88)
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for the year issued by the companies as soon as practic-able prior to or after the beginning of the year.
i As soon as practicable after the end of a calendar year or the Certificate Coverage Period, the standard premium f
for the preceding year shall be finally determined and i
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 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 with re-spect to the above purposes and arising out of claims made under any Cert.ficate issued to form a part of the Master Worker Policy.
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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 an
- time, the companies find that there is a negacive 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 Ce rti f ic. ate.
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 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 refund equal to the amount of the balance.
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5.
FINAL PREMIUM 1
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 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 (1/1/88)
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t Policy, the Named Insureds, by acceptance of the Master j
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 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-I 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.
NE-W-1 (1/1/88)
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Accepted and agreed by the first Named Insured in behalf itself and every other Named Insured stated in thc, Declara-tions of the certificate of which this endorsement forms a part.
KANSAS GAS AND ELECTRIC COWANY (FirsV amed Ins red - Print or Type)
Date 11/2/87 By 8/
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o R. M. Haden. Groun Vien pra=4 Ane 5
(Print or Type Name and Title of Officer) b I
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$f KANSAS ELECTRIC POWER COOPERATIVE, INC.
ate 11/20/07 By 2
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Executive Vice President (Print or Type Name and Title of Officer)
Effective Date of To form a part of this Endorsement January 1, 1988 of Certificate No.
NW-175 12:01 A.M. Standard Tine Issued to Kansas Gas and Electric Company; Kansas Citv Power & t.icht Comoany: Kansas Electric Power Cooperative, Inc.
Date of Issue October 19, 1987 For the scribing companies l
By General Manager A
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- Endorsement No.
I Countersigned by NE-W-1 (1/1/88)
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MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS-NUCLEAR ENERGY LIABILITY POLICY (Facility Worker Form) herein called the MASTER WORKER POLICY CERTIFICATE OF INSURANCE Certificate No. MW-88 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:
Kansas Gas and Electric Company 201 North Market P.O. Box 208 Michita, Kansas 67201 Kansas City Power & Light Company 1330 Baltimore P.O. Box 679 Kansas City, Missouri 64141 Kansas Electric Power Cooperative, Inc.
28th & Wanamaker Road P.O. Box 4877 Topeka, Kansas 66604 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)
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Item 3.
Descript'.on of the, Facility:
Location:
All of the premises including the land and all buildings and structures known as llolf Creek Generating Station, including the makeup water pumphouse and sluice located near the John Redmond Dam with pipelines extending from the John Redmond Dam to the sluice and from the makeup water pumphouse to the cooling lake, all of which is located on approximately 10,500 acres of land approximately 3.5 miles northeast of Burlington, Coffey County, Kansas, or within the right of way easements (or 250 feet to either side thereof) of the makeup water pumphouse, sluice, and pipelines.
Type: Power Reactor Operator of the Facility:
Kansas Gas and Electric Company; Kansas City Power & Light Company; Kansas Electric Power Cooperative, Inc.
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 l
Policy and all of the other provisions of the policy relating thereto.
Item 5. Advance Premium:
S 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-I dorsement and a copy of the signed endorsement has been l
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 b2. half 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 J.
Michael O'Connell, Manager
.s. a)en"t By A
(Authorized Agent)
Countersigned by:
nAD (Autho'rized bp~resentative)
This is to cortify that this is a trus copy of the original Cer bearing the number designated hereon 'or insuranco the Nuclear Energy Liebility Policy (F ;ility Workers Fo
.-- ancois af forded by this copy.
calledt Master Worke
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,s.
John a
hi, e President - Lie liity Undenvriting America uclear inaurers MMWPC-1 (1/1/88)
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s 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 c7 the reserve premium for this certificate for that p.iod 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)
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1 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 %e 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)
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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 Nned 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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J' 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 i
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 premiuni 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 after 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-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
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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.
l ME-W-1 (1/1/88)
Page 5 l
4 0
s Pagn 6 r
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.
KANSAS CAS AND FT FCTRIC COWANY (First Namjed Insu ed - Print or Type)
Date 11/2/87 By
[f.
g (Sig'ndture of Authorized Officer) bh R. M. Haden. Group Vice President ed$s b
p (Print or Type Name and Title of Of ficer)
S$I E
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E C
w q;
h O
y
'C 2
5 KANSASCITYPOWER&LIGHJCOMPANY
- e E.::e n
5 y ?, b y' l / / '
o@]yc Date 11/18/87 By_
. -M'f[
'^
s '5.53 s (Signature oT Auth6ri ed Of ficer) 8@ j gj h,
s a rn a c u e, cca 'M g S g g1 g
Senior Vice President cs y E j {
a) n N!IN'@E (Print or Type Name and_Xitle of Officer) c 5
5 2 ~8 >: 5 p;
KANSAS ELECTRIC POWER COOPERATIVE, INC.
g c
5 cry
>u hate 11/20/87 By ff a
O g3
?
(S'ignature of Autho'rized Officer) nc 3 6 E $,,
e
( E h $ {I _j 8 c H6kuE s
- c., 4od ci Executive Vice PresiA.ent 5
" i; C $couS
~><E (Print or Type Name and Title of Officer)
Ef fective Date of To form a part of this Endorsement January 1.1988 of Certificate No.
MW-88 12:01 A.M. Standard Time Issued to Kansas Gas & Electric Connany: Kansas City Power & Licht Co manv-Kansas Electric Power Coooerative, Inc.
Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY ERWRITERS C
By Endorsement No.
I Countersigned by M
~ Mthorizedl fepre sent a tive ME-W-1 (1/1/88)
\\J
4, S
g i
Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)
PREAMBLE 1.
The insurance and rating plan presently used by Nuclear Energy Liability Insurance Association ("NELIA") and Mutual Atomic Energy Liability Underwriters ("MAELU") do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events; 2.
NELIA and MAELU believe that the lack of such a distinc-tion will adversely affect their ability to continue to attract from world markets very large amounts of nuclear energy liability insurance for the nuclear industry; 3.
NELIA and MAELU want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for workers claims.
Accordingly NELIA and MAELU desire to restructure their present insurance
- programs, including this policy, effective January 1,
1988.
NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:
1.
DEFINITIONS When used in reference to this endorsement:
j "this policy" means the policy of which this endorsement forms a part; l
"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-l tion of nuclear material to or from any such facility.
All of a worker's nuclear related employmen*, shall be considered as having begun on the first day of such emp.loyment, 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 l
[
"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regulatory Commission has determined to be an "extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.
2.
APPLICATION OF THIS ENDORSEMENT This endorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.
3.
EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.
4.
APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:
IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made against the insured not later than the close of December 31, 1997.
5.
AVAILABILITY OF SUPPLEMENTAL INSURANCE NELIA and MAELU are offering to make insurance under one l
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 NELIA OR MAELU AS THEY DEEM NECESSARY OR APPROPRIATE.
The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers l
claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.
l NE-64 (1/1/88)
Page 2 l
2
e s
COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC. A WRITTEN REQUEST MUST BE SUBMITTED TO NELIA OR MAELU THROUGH REGULAR MARKET CHANNELS.
It is understood and agreed that all of the provisions of this endorsement shall remain in full force and effect without regard to this Section 5,
and without regard to whether or not the Named Insureds become insureds under the Master 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 compani s
/!/6 8'8 By
.T.
C Date
/ /
( Q nature of Authorized Officer)
John L. Quattrocchi. Vice President-Liability Underwriting (Print or Type Name and Title of Of ficer)
Executed for the Named Insured KANSAS GAS AND ELECTRIC COMPANY (N
ed Insu d - Print or Type) f Date 11/2/87 By
.N.
M (Signature of Authorized Officer)
R. M. Haden, Group Vice President (Print or Type Name and Title of Of ficer) l Executed for the Named Insured KANSAS CITY PO'n'ER & LIGHT COMPANY (Named Insbred C Print [orType)
Date 11/18/87 By
/
P h
"(Signature of AuthorigOff cer)
(
u r.. u t. - r
( c., 6 ti
(
Senior Vice President N _
(Print or Type Name and Title of Officer) l l
NE-64 (1/1/88)
Page 3
a i
f-Pago 4 4
Executed for the Named Insured KANSAS ELECTRIC POWER COOPERATIVE, INC.
(Named Insured - Print or Type)
Date 11/20/87 By t
(Signature of Jtilthorized of ficer) c H ri 9. t E s L, A055 Executive Vice President (Print or Type Name and Title of Officer) i i al Thisis to certify that this is a true copy f the Endorsernent having the endorsement
'ity Form) as des-l of the Nuclear Energy Liabilitlef hereunder.
l oI here ignat bJiry Underwriting ttrocchi.Vce Presiderd.Lia John L.
l Amencan Nuclear tr.surers Effective Date of this Endorsement January 1, 1988 To form a part of Policy No NF-283 12:01 A.M. Standard Time Kansas Gas and Electric Company; Kansas City Power & Light Company; Kansas Issued to Electric Power Cooperative, Inc.
Date of Issue October 19. 1987 For the subyctibing companies
(
~~
/ -
I-By eral Manage Er.dcrsement No 17 Countersigned by l
NE-64 (1/1/88)
e-
, +
s v
a 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.
MAELO 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 (1/1/88)
Page 1
C e
"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which the United States Nuclear Regulatory Commission has determined to be an "extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.
2.
APPLICATION OF THIS ENDORSEMENT This endorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.
3.
EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out of nuclear related employment that begins on or after January 1, 1988.
4.
APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:
IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made against the insured not later than the close of December 31, 1997.
5.
AVAILABILITY OF SUPPLEMENTAL INSURANCE MAELU and NELIA are offering to make insurance under one or more Master Worker Policies available to all holders of Nuclear Energy Liability Policies (Facility Form).
THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY MAELU OR NELIA AS THEY DEEM NECESSARY OR APPROPRIATE.
The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.
ME-64 (1/1/88)
Page 2
n D
e 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 compa es
///h?&
By Date
/
/
Nignature of Authorized of ficer)
Jchn L. Quattrocchi, Vice President-Liability Underwriting (Print or Type Name and Title of Of ficer)
Executed for the Named Insured KANSAS, GAS AND ELECTRIC COMPANY (tamed I sured - Print or Type)
Date 11/2/87 By
.h/.
/
(Signature 6f Authorized Of ficer)
R. M. Haden, Group Vice President (Print or Type Name and Title of Of ficer)
Executed for the Named Insured KANSAS CITY POWER & LIGHT COMPANY (Named Insured - P i'nt or Type)
~
Date 11/18/87 By [
'6<A
/
($lgnature of Authorized fficer)
(
s,,,,,,
i.
Senior Vice President (Print or Type Name and Title of Of ficer) f ME-64 (1/1/88)
Page 3
r e
a g.
o s
Paga 4 Executed for the Named Insured KANSAS ELECTRIC POWER COOPERATIVE. INC.
(Named Insured - Print or Type)
Date 11/20/87 By
'(Signature of Authorized Of ficer)
.t o ur L'd E:tecutive Vice President (Print or Type Name and Title of Officer) e oronal ber andbeing made part f
This is to certify that this is a true copy o t tnyForm) as des-Endorsement having the en6 ccment nu-L' " -
of the N clear Energy Lia'. /
9 4under.
ignatedh cogv>g
&rwritku
.}
chi. Vee Preskient LiebiLty Un JohnL Quar Arnerxa, Nuclear Insurers Effsetive Date of To forta a part this Endorsement January 1.1988 of Policy No_
MF-118 12:01 A.M. Standard Time Issusd to Kansas Gas and Electric Company; Kansas City Power & Light Company; Kansas Electric Power Cooperative, Inc.
Date of Issue October 19. 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY ERWRITERS
'8 -
C
[
By
~
gr)
Endorsement No 12 Countersigned by N
d Authorized Representative
,