ML20151R788
| ML20151R788 | |
| Person / Time | |
|---|---|
| Site: | Comanche Peak  |
| Issue date: | 08/08/1988 |
| From: | Beck J TEXAS UTILITIES ELECTRIC CO. (TU ELECTRIC) |
| To: | Murley T Office of Nuclear Reactor Regulation |
| References | |
| TXX-88559, NUDOCS 8808120301 | |
| Download: ML20151R788 (26) | |
Text
____-__ _
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2M Log # TXX-88559 4
File # 232 Ref. # 10CFR140.13 1UELECTRIC August 8, 1988 Winism G. Counsil becutive Yke President Director, Office of Nuclear Reactor Regulation Attn: Mr. Thomas E. Murley V. S. Nuclear Regulatory Ccemission Washington, DC 20555
SUBJECT:
COMANCHE PEAK STEAM ELECTRIC STATION (CPSES)
DOCKET NOS. 50-445 AND 50-446 MASTER WORKERS INSURANCE POLICY
Dear Mr. Murley:
Two certified copies of ANI Certificate No. NW-167 and MAELU Certificate No.
MW-190 each with following endorsements have been enclosed for your records.
No. 1 INDUSTRIES RETROSPECTIVE RATING PLAN PREMIUM ENDORSEMENT No. 2 ADVANCE PREMlUM AND STANDARD PREMIUM END0RSEMENT CALENDAR YEAR 1988 No. 3 DESCRIPTION OF THE FACILITY ENDORSEMENT In addition, two certified copies of the following endorsement to the MAELU Certificate No. MW-190 have been enclosed for your records.
No. 4 CHANGES IN SUBSCRIBING COMPANIES AND IN THEIR PROP 0RTIONATE LIABILITY ENDORSEMENT CALENDER YEAR 1988 The enclosed policies and endorsements have been provided for your information regarding the financial protection requirements of 10CFR140.13 with regard to our Special Nuclear Material License, SNM-1912, as amended.
Very truly yours, W. G. Counsil
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NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION NUCLEAR ENERGY LIABILITY POLICY (Facility Worker Form) herein called the MASTER WORKER POLICY CERTIFICATE OF INSURANCE Certificate No. NW-167 Date of Issue April 11
, 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 Association 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:
Texas Utilities Electric Company 2001 Bryan Tower Dallas, TX 75201 Texas Municipal Power Agency P.O. Box 7000 Bryan, TX 77805 Brazos Electric Power Cooperative, Inc.
2404 LaSalle Avenue Waco, TX 76706 Tex-La Electric Cooperative of Texas. Inc.
P.O. Box 1623 Nacogdoches, TX 75961 RECEIVED APR 2 71988 NMWPC-1 (1/1/88)
Page 1
~
Item 2.
Certificate Coverage Period:
Beginning at 12:01 a.m. February 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.
Item 3.
Description of the Facility:
Location: See Endorsement ilo. 3.
Type:
Power Reactor Operator of the Facility: Tens Utilities Electric Company l
Item 4.
Amount of Insurance Available:
The amount of insurance afforded by the Master Worker Policy through this Certificate shall be detennined by Section VIII of the Master Worker Policy and all of the other provf11ons of the policy relating thereto.
Item 5.
Advance Premium: $1,705.00 2
APPLICATION OF CERTIFICATE This Certificate applies only to bodily injury to a new worker is caused during (the Certificate Coverage Period by the (1) which hazard and
- 2) which is discovered and for which nuclear energy written claim is first made against an insured under tM Certificate within the period from February 1, 1988 and ending at the close of December 31, 1997 Eastern Standard Time.
NMWPC-1 (1/1/88)
Page 2
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 l
first Named Insured has accepted in writing the Industry l
Retrospective Rating Plan Premium Endorsement and a copy of the signed endorsement has been issued by the companies to form a part of this Certificate.
IN WITNtSS WHEREOF, the companies subscribina 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 authorized representative.
For the Subscribing Companies of NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Burt C. Proom, President By
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(Au iz6PAgeTes?
- - h MARSH and McLENNAN
/
Countersigned by:
I
'1^7',
~7C4AuQogzVd Representative)
Mancrjing Director This is to certify that this is a true copy of the original Certificate bearing the nurnber designated heroon, for inst ranco coverage ender the Nuclear E orgy Liability Policy (Facility brkers Form) herein called the Mast r Worker Policy. 'P '"
-r-
- afforded by this copy.
John L. Quatt % c, i Dr.. ent - Liaos 1derwriting Arnor1can Nucle Insurers NMWPC-1 (1/1/88)
Page 3 l
1
1 Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION INDUSTRY RETROSPECTIVE RATING PLAN PREMIUM ENDORSEMENT It is agreed that:
1.
DEFINITIONS With reference to the premium for the Certificate of which this endorsement forms a part:
"Master Worker Policy" 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 premi*tm 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, profit and contingencies, guaranteed cost insurance and estimated reserve prem!.um. The elements of standard
- premium, other than fc:.-
premium taxes and estimated reserve premium, are not subject to retrospective adjustment; "resertre premium" means that portion of the premium for a Certif3cate (including reserve premium charges paid) that is cpecifically 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 th industry reserve premium for the same period; "inct rred losses" means the sum of all:
(1) losses and expenses paid by NELIA, and (2) reserves for losses and expenses ns estimated by
- NELIA, NE-W-1 (1/1/88)
Page 1
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 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 4 of this endorsement for payment by the Named Insuredo under Certificates; "reserve premium charge" ma the portion of an indus-a try reserve premium charge pc. fable by tha 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 calendar year while this Certificate is in force, the Named Insureds shall pay the advance premium for euch year to the companies.
The advance premium for each calendar year shall be stated in the Advance and Standard Premium Endorsement NE-W-1 (1/1/88)
Page 2
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 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 ebove purposes and arising out of claims made under any Certificate issued to form a part of the Master Worker Policy.
NE-W-1 (1/1/88)
Page 3
4.
PAYMENT OF RESERVE PREMIUM CHARGES AND REFUNDS As soon as practicable af ter each December 31 the com-panies will review the status of the reserve for refunds and report their findings to all Certificate Holders.
If, at any time, the companies find that there is a negative balance in the reserve for refunds and that such condition is likely to prevail, they shall deter-mine an appropriate industry reserve premium charge.
Similarly, if the companies find that there is a surplus positive balance, they shall determine an appropriate industry reserve premium refund.
The portion of an industry reserve premium charge or an industry reserve premium refund that is:
(1) payable by the Named Insureds at 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 re-port, and shall determine a final industry reserve premium charge or indust / 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 i
force plus (b) the sum of all reserve premiums, includ-1 ing all reserve premium charges, minus (c) the sum of l
all reserve premium refunds.
l 6.
RESERVE PREMIUM CHARGE AGREEMENT l
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 indusrry reserve premium charge and (c) the obligations assumed by the members of NELIA under the Master Worker l
l NE-W-1 (1/1/88)
Page 4 l
l
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 pre-mium refund due to Named Insureds under a
Certificate shall be used to pay any overdue reserve premium charges to such Named Insureds.
7.
RESERVE PREMIUM REFUND AGREEMENT Each member of NELIA subscribing the Master Worker Policy for any calendar year, or portion thereof, with respect to which an industry reserve premium refund is determined to be payable thereby agrees for itself, severally and not jointly, and in the respective pro-portion of its liability assumed under the Master Worker Policy for that calendar year, to return promptly to the 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)
Page 5
Page 6 The named insureds named in Item 1 of the Declarations have caused this endorsement to be signed in their behalf by a duly authorized officer of Texas Utilities Electric Company acting as their agent under authority granted Texas Utilities Electric Company by Section 12.04 of the Joint Ownership Agreement, dated January 2, l
1979, as amended, and by resolution of the Owner's Conmittee at a meeting of that Coninittee on May 4,1984.
Texas Utilities Electric Comoany (First Named Insured - Print or Type)
Date 12/29/87 By//)la d
f
~
bSignature of Authof ized Officer)
Michael D. Spence, Division President Texas Utilities Electric Connany (Print or Type Name and Title of Officer)
Named Insureds Texas Utilities Electric Company Texas Municipal Power Agency Brazos Electric Power Cooperative, Inc.
Tex-La Electric Cooperative of Texas, Inc.
This is to certify that this is a true copy of the original Endorsement having the endorsement number and bein0 made part of the Cortificate of Insurance bearing the number designated hereon for insuranco coverage under the Nuclear Energy Liability $licy (Facility Workers Form). No ine trance is afford d hero"ndern EM P fr dorwriting John L Quatt.
American NucI Insurers Effective Date of To form a part of this Endorsement February 1. 1988 of certificate No.
NU-167 12:01 A.M. Standard Time Issued to Texas Utilities Electric Compan_y. Texas Municipal Power Acency. Brazos Electric Power Cooperative, Inc., Tex-La Electric Cooperative of Texas, Inc.
Date of Issue October 19, 1987 For the scribing companies By MNcLENNAN Endorsement No.
I Countersigned by WWF.
NE-w-l (1/1/88) v,r.
Managing 0.re;...
Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE DREM!UM AND STANDARD PREMIUM EN00RSEMENT CALENDAR YEAR 1988 1.
ADVANCE PREMIUM:
It is agreed that the Advance Premium cue tne companies for the period designated above is:
1,705.00 2.
STANDARD PREMIUM AND RESERVE PREMIUM:
In the absence of a enange in tne Acvance Premium indicated above, it is agreed that, subject to the provisions of the Indus-try Retrospective Rating Plan, the Standard Premium is said Advance Premium and the estimated Reserve Premium element of the Standard Premium is:
Te a :c ="fyihat this is a truo copy of the original Endotsument
~
1,364.00 having the ondorsoment number and being mado part of the Certifica of Insurance bearing the number designate hereon for insurance coverage under the Nuclear Energy Liabill' Policy (Fat!!ity Workers Form). No I. suranco is affo oc h c's
- esident - LIakUndenvriting John L. Out s Sc'l American Nuc.ar losurers l
Effective Date og this Endorsement February 1, 1988 To form a part of certificate No. NW-167 12:01 A.M. Standard Time Issued to Texas Utilities Electric Company, Texas Municipal Power Agency, Brazos Electric Power Cooperative, Inc., Tex-La Uectric Cooperative of Texas, Inc.
Data of Issue April 11, 1988 For the su gribing co anies V
?5 By MARSH argMoristtmN Endorsement No.
2 countersigned by A b ' d '..
V6 ~-
r,
/v NE-W2 (1/1/88) l Maninging Director l
}
l l
Nuclear Energy Liability Insurance i
NUCLEAR BNERGY LIABILITY INSURANCE ASSOCIATION
)
DESCRIPTION OF THE FACILITY ENDORSEf1ENT It is agreed that Item 3 of the Declarations, "Description of the Facility," is as follows:
Location:
All of the premises including the land and all buildings and structures of Texas Utilities Generating Company's Commanche Peak Steam Electric Station shown as being within the boundaries outlined in yellow on Texas Utilities Service Inc.'s Site Map and Insurance Site Description designated as Drawing Number FSC-00470 dated March, 1987, a copy of which is attached hereto and made a part hereof.
The Commanche Peak Steam Electric Station is located on the South Bank of the Squaw Creek Reservoir near the town of Glenrose in Somervell County, Texas, approximately thirty-five (35) miles Southwest of Fort Worth and sixty-seven (67) miles Southwest of Dallas, Texas.
This is to certify that this is a truo copy of the original Endorsement having the endorsement number and being made pad of the Certificate of Insuranco bearing the number designated hereon for insurance coversgo under the Nuclear Energy Liability licy (Facility Workers Form). No Ins 'rance is afforded hereunder.
-knderwriting John L. Quait.. i:S Pi
?
American NucL Insurers Effective Date of this Endorsement Fah rn a ry 1-long To form a part of Certificate No. NW-167 12:01 A.H. S'tandard Time Issued to Texas Utilities Electric Company, Texas Municipal Power Agency, Brazos Electric j
Power Cooperative, Inc., Tex-La Electric Cooperative of Texas, Inc.
Date of Issue April 11, 1988 I'or the Sub ribing Companies I
By EMM1 hwy a.-
Endorsement No.
3 Countersigned by J-'
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c Managing cirecie.
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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_1go Date of Issue April 11
, 19 88 This is to certi fy 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:
Texas Utilities Electric Company 2001 Bryan Tower Dallas, TX 75201 Texas Municipal Power Agency P.O. Box 7000 Bryan, TX 77805 Brazos Electric Power Cooperative Inc.
2404 LaSalle Avenue Waco, TX 76706 1
Tex-La Electric Cooperative of Texas, Inc.
P.O. Boy 1623 j.
Nacogdoches, TX 75961 l
l l
L MMWPC-1 (1/1/88)
Page 1
Item 2.
Certificate Coverage Period:
Beginnica at 12:01 a.m. February 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.
Item 3.
Description of the Facility:
Location:
See Endorsement No. 3.
Type:
Power Reactor Operator of the Facility: Texas Utilities Electric Company Item 4.
Amount of Insurance Available:
The amount of insurance afforded by the Master Worker Policy through this Certificate shall be determined by Section VIII of the Master Worker Policy and all of the other provisions of the policy relating thereto.
Item S.
Advance Premium: 495.00 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 discovered and for which written claim is first made against an insured under the Certificate within the period from February 1,1988 and ending at the close of December 31, 1997, Eastern Standard Time.
l MMWPC-1 (1/1/88)
Page 2 i
si*,,
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 Narred Insured has accepted in writing the Industry Retrospective Rating Plan Premium Endorsement and a copy of the signed endorsement has been issued by the companies to form a part of this Certificate.
IN WITNESS WHERE0F, the companies subscribing the Master Worker Policy have caused this Certificate to be executed and attested on their behalf by tne Manager of Mutual Atomic Energy Liability Underwriters and duly counter-signed by an authorized representative.
For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS J. Michael O'Connell, Manager g
By
. %. h > % EA ~
(AuthoN zed Agent)
MARSH and McLENNAN Countersigned by:
J
/4
( Authorized Re@esentative)
Managing Director This is to certify that this is a true copy of the original Certifecde bearing the number designated hereon, forinsurance coveraga undar the Nuclear Energy Liability Policy (Facility ' orkers Form) herein called the Mas.1r Worker Polic' N^^-
" afforded bythiscopy.
John L. Quat u sit
'Pr s~ent - Ua.. y denvriHng American Nucle Insurers 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 j
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-l 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; i
l "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; l
"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; l
"incurred losses" means the sum of all:
(1) losses and expenses paid by MAELU, and i
(2) reserves for losses and expenses as estimated by l
- MAELU, ME-W-1 (1/1/88)
Page 1
E i
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 perfod, means the amount determined pursuant to the provisions of Section 4 of this endorsement for return to the Named j
Insureds under Certificates; l
"reserve premium refund" means the portion of an indus-l try reserve premium refund returnable to the Named l
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 l
year to the companies.
ME-W-1 (1/1/88)
Page 2
The advance premium for each calendar year shall be stated in the Advance and Standard Premium Endorsement for the year issued by the companies as soon as practic-able prior to or after the beginning of the year.
As soon as practicable after the end of a calendar year or the Certificate Coverage Period, the standard premium for the preceding year shall be finally determined and stated in the Advance and Standard Premium Endorsement for that year. If the standard premium exceeds the ad-vance premium paid for that year, the Named Insureds shall pay the excess to the companies; if less, the com-panies shall return to the Named Insureds the excess portion paid.
The Named Insureds shall maintain records of the inform-ation necessary for premium computation and shall send copies of such records to the companies as directed, at the end of each calendar year, at the end of the Certi-ficate Coverage Period and at such other times as the companies may direct.
3.
SPECIAL RESERVE ACCOUNT; USE OF RESERVE PREMIUMS MAELU shall maintain on behalf of its members a special Reserve Account for holding collectively all reserve premiums paid for all Certificates issued to form a part of the Master Worker Policy.
Such premiums, together with any undistributed net income realized thereon after taxes and investment expenses, shall be used for the following purposes only:
(1) to pay ratable incurred losses or,
in the event ratable incurred losses are paid under the Master Worker Policy from funds advanced by the members of MAELU subscribing the policy, to reimburse such members as a matter of first priority for the funds advanced; (2) to refund any amounts so held to the Named Insureds, as provided in Section 4.
No members of MAELU and no Named Insureds shall have any individual interest in or claim upon amounts held in the Special Reserve Account, except to participate propor-tionally in any refund or reimbursement provided for above.
All reserve premiums paid or payable for this certifi-cate may be used by MAELU to discharge the obligations of its members under the Master Worker Policy with re-spect to the above purposes and arising out of claims made under any Certificate issued to form a part of the Master Worker Policy.
ME-W-1 (1/1/88)
Page 3
4.
PAYMENT OF RESERVE PREMIUM CHARGES AND REFUNDS As soon as practicable af ter each December 31 the com-panies will review the status of the reserve for refunds and report their findings to all Certificate Holders.
If, at any time, the companies find that there is a negative balance in the reserve for refunds and that such condition is likely to prevail, they shall deter-mine an appropriate industry reserve premium charge.
Similarly, if the companies find that there is a surplus positive balance, they shall determine an appropriate industry reserve premium refund.
The portion of an industry reserve premium charge or an industry reserve premium refund that is:
(1) payable by the Named Insureds as a reserve premium charge, or (2) due such insureds as a reserve premium refund, shall be determined by multiplying the industry reserve premium charge or the industry reserve premium refund by the retrospective adjustment ratio applicable to this Certificate.
The amount of any reserve premium charge shall be stated in a Retrospective Reserve Premium Charge Endorsement.
The charge shall be paid promptly 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
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
Page 6 The named insureds named in Item 1 of the Declarations have caused this endorsement to be signed in their behalf by a duly authorized officer of Texas Utilities Electric Company acting as their agent under authority granted Texas Utilities Electric Company by Section 12.04 of the Joint Ownership Agreement, dated January 2, 1979, as amended, and by resolution of the Owner's Committee at a meeting of that Committee on May 4,1984.
Texas Utilities Ele.ctric Company (First Named Insured - Print or Type)
Date 12/29/87 By hM v
(Ngnature of Autho@ led Officer)
Mi'chael D.
Spence, Division President Texas Utilities Electric Company (Print or Type Name and Title of Officer)
Named Insureds Texas Utilities Electric Company Texas Municipal Power Agency Brazos Electric Power Cooperative, Inc.
Tex-La Electric Cooperative of Texas, Inc.
This is to certify that this is a true copy of the original Endorsement having the endorsement numser and being made part of the Certificato of Insurance bearing the number designated hereon for insuranco coverage under the Nuclear Energy Liabilityjfblicy (Facility Workers Form). No h. urance is afforAd hmonder/
Underwriting John u.Qua*r h
to
..a
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'.:notican Nuc, 3r Inuters Effective Date of To form s part of this Endorsement February 1. 1986 of Certificate No. MW-190 12:01 A li. Standard Time 2ssued to Texas Utilities Electric Conpe.ny, Texas flunicipal Power Agencv Brazos Electric Power Cooperative, Inc., Tex-La Electric Cooperative of Texas, Inc.
Dete of Issue October 19, 1987 Fer the Subscribing Companies ESTUAL ATOMIC ENERGY LIABILITY ERWRITERS C
By MAMII nnrI Mel FNNAN Endorsement No.
1 countersigned by Authorized Repres g jivel ME-k'-1 (1/1/8S)
$M s,,. - d
- 6
Nuc!:ar En;rgy Lizbility Insuranco MUTUAL ATOMIC ENERGY LIABILITY UNDERWRrrERS ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT cal.ENDAR YEAR 1988 1.
ADVANCE PREMIUM:
It is agreed that the Advance Premium cue the companies for the period designated above is:
$ 495.00 2.
STANDARD PREMIUM AND RESERVE PREMIUM:
In the absence of a change in the Advance Premiumindicated 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 Fremium is:
This is to certify that this is a true copy of the original Endorsement
$ 396.00 having the endorsement number and being mado part of the Certifica of Insurance bearing tha number designated herfon for insurance e Nuc! car Energy Liability Pepy (Facility Workers coverage under Form). No insur sco is fforded. er John t Quattroc, Vico eresicent Liab([
hrwriting Amican Nuc! car i sumra Effsetive Date of this Endorsement Februarv 1, 1988 8 e
- o. W Mn
~
12:01 A.M. Standard Time Issued to Texas Utilities Electric Company, Texas Municipal Power Aaency. Brazos Electric Power Cooperative, Inc., Tex-La Electric Cooperative of Texas, Inc.
Date of Issue April 11, 1988 For the Subscribing Companies MU1UAL ATOMIC ENZRGY LIABILITT UNDERWRITdRS MAR and McLE%N By l
Endorsement No.
2 countersigned by
[
e
~o ME-W-2 (1/1/88)
Managing Director l
~
Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS DESCRIPTION OF THE FACILITY ENDORSEMENT It is agreed that Item 3 of the Declarations, "Description of the Facility," is as follows:
Location: All of the premises including the land and all buildings and structures of Texas Utilities Generating Company's Commanche Peak Steam Electric Station shown as being within the boundaries outlined in yellow on Texas Utilities Service, Inc.'s Site Map and Insurance Site Description designated as Drawing Number FSC-00470 dated March, 1987, a copy of which is attached hereto and made a part hereof.
The Commanche Peak Steam Electric Station is located on the South Bank of the Squaw Creek Reservoir near the town of Glenrose in Somervell County, Texas, approximately thirty-five (35) miles Southwest of Fort Worth and sixty-seven (67) miles Southwest of Dallas, Texas.
I This is to certify that this is a true copy of the original Endorsement I
having the endorsementnumber and being mado part of the Certificato of insurance bearing the number designated hereon for insurance coverage under the Nuclear Energy Liability Po "y (Facility Workers Form). No insu. inco is afforde hereunder.
VMeeMA "kderwriting John L Quattr...
American Nuc!ca nsurers Effective Date of this Endorsement February 1. 1988 To form a part of Certificate No, MW-190 12:01 A.M. Standard Time Issued to Texas Utilities Electric Company, Texas Municipal Power Agency, Brazos Electric Power Cooperative, Inc., Tex-La Electric Cooperative of Texas, Inc.
Date of Issue April 11, 1988 For the Subscribing Companies MDTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS MARSH and McLEN N By A
.kL%
M Endorsement No.
3 countersigned by W sid<%
- O Managing Director
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Nuclear Ensrgy Liability insuranca MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS CHANGES IN SUBSCRIBING COMPANIES AND IN THEIR PROP 0Ril0NATE LIABILiff ENDORSENENT CALENDAR YEAR 1988 1.
It,i s agreed that with respect to bodily injury or property damage caused, during the effective period of this endorsement, by the nuclear energy hazard.
- a. The vord "companies" wherever used in the policy means the subscribing companies listed below.
- b. The policy shall be binding on such companies only.
- c. Each such company shall be liable for its proportion, as designated belov, of any obligation assumed or expense incurred under the policy because of such bodily injury or property damage.
2.
It is agreed that the effective period of this endorsement is from the beginning of the effective date of this endorsement stated belov to the effective date that another "Changes In Subscribing Companies And In Their Proportionate Liability Endorsement" changes the Companies and/or their proportions as listed in this endorsement, or to the time of the termination or cancellation of the policy, if sooner.
SUBSCRIBING COMPANIES PROPORTION 07 100%
Liberty Insurance Corporation 50%
American Motorists Insurance Company 50%
This is to cortify that this to a true copy of the original Endorsement havin0 theendorcementnumberandbeingmadopartof theCertificato of insurance boaring the numbc/ designated hyeon for insurance coverage under the Nuclear Energy Liability ff/ icy (Facility Workers ffor< % ht wr.
~
Form). No incu ance li, Vice President - Liability Underwriting John L. Quattr American Nuclear insurers Effective Date of this Endorsement February 1, 1988 To form a part of Certificate No. MW-190 Texas Utilities Electric Company, Texas Municipal Power Agency, Brazos Electric Issued to Power Coooerative. Inc.. Tex-La Electric Coooerative of Texas, Inc.
Date of Issue June 7, 1988 For the Subscribing Companies MUTUAL A IC ENERGY LI g gl{
@MS By
.T.
C s
N
,.r c;dN@, c.',d Endorsement No.
4 Countersigned by Authorized Reptfjentative Managing Directer
___