ML20151U996
| ML20151U996 | |
| Person / Time | |
|---|---|
| Site: | Callaway  |
| Issue date: | 04/25/1988 |
| From: | Buckles J MARSH & MCLENNAN, INC. |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8805020238 | |
| Download: ML20151U996 (43) | |
Text
Marsh &
Mgennan M & M Nudear Consultants 222 South Riser >ide Plaza C hicai;o. Illmois FOMM Telephone 312 648M>03 April 25, 1988 Mr. Ira Dinitz Insurance Liability Specia?ist Office of Nuclear Reactor ilsgulation Mail Stop 12E4 U. S. Nuclear Regulatory Commission Washington, D. C. 20555 RE: UNION ELECTRIC COMPANY CALLAWAY NUCLEAR STATION
Dear Ira:
[,h A udle' Enclosed please find certified copies of the following nuclear liability insurance documents:
- 1. Polic; NF-264: Endorsements 20, 25, 27, 28, 29, 30, and 31,
- 2. Policy MF-111: Endorsements 8, 12, 13, 14, 15, 16, and 17.
- 3. Certificate N-95: Endorsements 4 and 5.
- 4. Certificate M-95: Endorsements 4 and 5.
- 5. Certificate NW-159 together with Endorsements 1 and J.
- 6. Certificate MW-81 together with indorsements 1 and 2.
It would be appreciated if you could review your files and in-form me if additional certified copies of any nuclea" liability insurance policies are required.
Thank you for your assistant'. Please let me know if you have l any questions.
l Regards, l
i
.u O
JA /sp l
Enc. % 00l i
i cc: Mr. K. Mollet - Union Electric Company Mr. B. Abernathy - M&M St. Louis I l
h J
.$ f
Nuclear Energy Liability insurance NUCLEAR ENERGY f. LABILITY INSURANCE ASSOCIATION ADVANCE PREMlUM AND STANDARD PREMlVM CALENDAR YEAR 1985 ENDDRSEMENT
- 1. ADVANCE PREMfUM: It is agreed that the Advance Premium due the companies for the period designated above is:
3 299,150.00 ,
- 2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a change in the Advance Premium indicated above, it i: agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:
O $ 225.029.00 .
Thic is to cartify that thic is a truo copy of the original Endorucacnt navir.c the endere _ aa , :r and boir.g rado p rt of tbc Lualear Enc rcy Llablitt.1 Polic/ (Facility Forn;) ao doa-ignated boreon. No Inaurs:wo ic aficrdM hereunder.
O *-@ M Jo% L Qmitaed.i. V!ce h . sht-I/e: ity J Under*Ti'Jcg Amencau Er. leg [yggy Effective Date of
_ January 1,1985 NF-264 l This Endorsement _ To form a pm of Policy No. --
12:01 A.M. Sta..dard Time issued to Union Electric Cornpany
- ' " ' For the teribing com anies Date of issus l
By }\A \
J ' (- . .
. Q +jMeneeer 9 -
l Endorsement No. ?n Countersigned by I
- apvl'#j >W Mi N,wrl
(,
9 Nuclear Energy Liability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMlUM AND STANDARD PREMlUM CALENDAR YEAR 1987 ENDORSEMENT
- 1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:
3 353,322.50 ,
- 2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:
l O , 288.200.10 .
I l
This is to certify that this s a true copy of the original Endorsement having thr. andort.ement/) umber and bdng made part of th Nuclear Encrey 'Mabe" P4~ uxi'ity Form) as des-hereunder.
ignatt Iher g (o'(
John L Qaartrucchi, We Puudent LMtv Ur.anvmtm A nencen Nuc! ear tr+1ers Effectin Date of t
January 1,1987 To form a part of Policy No. NF-264
~
I 12:01 A.M. Standard Time Issued to Union Electric Company i
December 15, 1986 For the s icribing com anies Date of issue By hA
/ } M ARS! afjAlp)*!$aen Countersigned by (Il'w-] f h l hy1
\
Endorsement No. 25 - -
l
Nuclear Energy Liabuity Insurance NUCLEAR ENERGY LIABILITY INGURANCE ASSOCIATION ADVANCE PREHIUM AND STANDARD PREMIUM ENDORSEMENT cal.ENDAR YEAR 1986 It is agreed that Items 1 and 2 of Endorsement No. 23 are amended to read:
- 1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $ 363,630.00 .
- 2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Indi:stry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is: $ 274,034.00 .
Return Premium is: $ 10,307.51 .
D This is to certify that this is a u co ng inade part Endorsement having t'r er Form) as des-F cf the Nu. car Enerm ,1 ,,nder.
k3nated hc6 'on,Qyh.
an L Quatnachi, Vice PresWnt thM'y lMe*"""
gm Nock ar Insurers f
Effsetive Date of l
this Endorseraent January 1, 1986 To fem a part of Policy No NF-264 12:01 A M. Standard Time j Issued to Union Electric Corapny April 28,1987 For the subscribing ccmpenies DacG of Issue By O e-A mu nGeneral Mana
,ci'a::.C ,ger :
27 Endorsement No c.ountersigned by 4 MM MN NT-36 ~
?' ,.
A,e 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 arisir.g from lesser evsnts;
- 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; l 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 l When used in reference to this endorsenent:
"this policy" means the policy of which this endorsement forms a part; l "nuclear related employment" means all work performed at l 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 I
employment, regardless of the number of employers in-I volved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; 1
l NE-64 (1/1/88) Page 1
4 ,
, "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 fo31owing Insuring Agreement IV-A does apply:
IV-A APPLICATION OF POLICY TO WORKERS CLAIMS Th!s 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 GOPPORT 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 claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.
NE-64 (1/1/88) Page 2
Pago 3 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 sr.ch policies or withdraw or modify their offer to underwrite such policies.
Executed for the companies Date / 3 7 By
/ / N (Signature 'of Kuthorize'd Of ficer)
John L. Quattrocchi, Vice President-liability Underwriting (Print or Type Name and Title of Officer)
Executed for the Named Insured Uf:10tl ELECyc COMPANY (Named Insur d rint or Type)
Date NOV 19 m7 sy (Sig at
% e of Authorizbtl Of ficer)
- = , .
JAMES C. THOMPSON e m n,---,,v (Print or Type Name an'd T'itle of Officer)
This is to certify that this is a true copy of the Nuclear Energy Liability Policy (Fj/ hereunder,)it ce k ,' ford /
ignate hereon.NoIns S, edent.liedity 1 ting
.fohn L. % 't'rocchL Vcc o rcrim osclear Insurers l
Effective Date of this Endorsement January 1. 1988 To form a part of Policy No NF-264 12:01 A.M. Standarc' Time l Issusd to Union Electric Company Date of Issue October 19, 1987 For the subscribing companies
/ ,,
l !' .I By '-~
General Manager Endorsement No 28 CountersiFned by n-64 (1/1/88)
NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMlUM AND STANDARD PREMlUM CALENDAR YEAR 1988 ENDORSEMENT
- 1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:
3 421,138.00 ,
a
- 2. STANDARD PREMlVM AND RESERVE PREMlUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the industry Credit Rating Plan, the Standard Premium is said Advan:s Premium and the Reserve Premium is:
3 317,740.00 ,
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Effective Date of January 1,1988 To form a part of hiicy No. NF-264 Thi) Endorsement 12:01 A.M. Standard Time issued to Union Electric Company h 15,1 m For the ribing com nies Date of issue Ry iA
/' General Meneeer Endorsement No. 29 Counters.gned by
Nuclear Energy Liability Insurance NUCLEAR ENERGY LIA1ALITY INSURANCE ASSOCIATION ADVANCE PREMlUM AND STANDAR0 PREMIUM ENDORSEMENT CALENDAR YEAR 1987 It is agreed that Items 1 and 2 of Endorsement No. 25 _
are amended to read:
- 1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $ 326,293.00 .
- 2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is: $ 245.658.00 .
Return Premium: $__27,029.50 .
This is to ccrtify that this h a in:e copj ct W' M;ind Endorst>mont having the cadortament ncrr.Lcr r re , w.1.r .. r.m; M the Cortificate of ineurance Lea'ing the r.o:n' ;r 6..i.;nc.tec r:;re:n for insurance ccverage under (Le i:n;!: L.ocwy U 'nty Fjficy (Facility Workers Form). No ins: mce is aikrac herra- % n John L. Cuntt: s ,MPre . . . . - io . . dorwriting American Nucico Insurers Effsetive Date of January 1, 1987 NF-264 this Endorsement To form a part of Policy No 12:01 A.M. Standard Time Issusd to Union Electric Company Dato of Issue December 29, 1987 For the Subscribing Companies By We General Manager
> 9 ,,
Endsraement No 30 countersigned by . ,
,t,I - I t.
NE-36
\
Nuctrar En:rgy Liability Insuranco NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION CHANGES IW SUBSCRI81kG COMPAhlES AWD IN THElR PROPORi!0NATE LIABILITY EN00RSEMEuf CALEWDAR TEAR 1988 1.
It is agreed that with respect to bodily injury or property damage caused, during the effective period of this endorsement, by the nuclear energy hazard.
- a. The vord "companies" wherever used in the policy means the subscribing companies listed below.
- b. The policy shall be binding on such companies only,
- c. Each such company shall be liable for its proportion of any obligatica assumed or expense incurred under che policy because of such bodily injury or property damage as designated below.
- 2. It is agreed that the effective period of this endorsement is from the beginning of the effective date of this endorsement stated belov to the close of December 31, 1988,ortothetimeo.ftheterminationorcancelhtionofthe policy, if sooner.
Aetna Casuatty & surety Co. 8 12.730961% M ALLiang insurance Company 1.493766% M Altstate Insurance Company 5.455641% 2 ,Q, American Mome Assurance Co. 0.682380% ,
Continental Casualty company .n g P Continental I,surance Company 5.264677% . gO 10.184769%
Feceral Insurance company 2.121827% e [
Gen Accident Ins. Co of Amer. 1.697461% .$
h Generat Ins. Co. of America 1.697461% g Manover insurance Company 0.586473% c Martford accid.& Indemnity Co. 10.184769% ~vT nighlancs insurance Company f3p? )3 0.339492%
nome incemnity Company 1.591370% 2 Ins. Co. of North Amer 6ca Motors insurance Corporation 7.638577% $ S o, id 5 -
0%io Casualty Insurance Co.
0.169746% bk Pacifie indemnity company 0.169746% se y 3 "
- 0.594112% ,g g "5 .a@g 5 Providence washington Ins. Co. 0.190964%
Reliance Insurance Company {-
Royal Ins. Co. of America St Paul Fire & Marine Ins. Co.
0.509238%
3.564669%
5.905468%
fj]QS .Ie
,Pw g
g 2
state Farm Fire & Casualty Co. 0.848731% bY2e /j" fokio Marine & Fire Co. 0.509238%
Z .
2a Transamerica insurance Co. 0.848731% - j L2 .
Travelers Indemnity Company 12.670701% G gf*'4 I*
U.S. Fidelity & Guaranty Co. v g *s. U ;D U.S. Fire Insurance Company 8.4ST307% #.I" Untversat underwriters ins Co.
2.291573%
0.169746%
S$ 3 C 2urien Insurance Company *y C E
88 1.400406% o2y ;, yg h355 .b!
Effective Date of this Endorsement hnuary 1. 1988 To form a part of Policy No. NF-264 12:01 A.M. Starcara time Issued to Union Electric Company l
l Date of Issue March 1. 1988 For the Subs ibing Companies, By ne h m ~-
\ Uendfal . Manager ~
[
~
( Endorsement No. 31 countersigned by
..Q O NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS '
ADVANCE PREMlUM AND STANDARD PREMlUM CALENDAR YEAR 1985 ENDORSEMENT
- 1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is:
86,850.00 ,
l 2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of l
l the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:
l n
U g 65,331.00 ,
l This is to cortify that this is a T. rue copy of the original l
Endoroement having the endorcocon c .uicer and being mado part of the Nuclear Energy Liability Policy (Facility Form) as des-ignated hereon. No Insuranco is afforded boreunder.
O *W h, ))jf #8MeM Lidimy Undmvritir g Effective Date of January 1,1985 To form a part of Policy No. #~III 12:01 A.M. Standard Time issued to Union Electric Company Date of Issue December 14. 1984 For the s cribing com anies By iA
/'
b General Monasee 8 s,,
Endorsement No. Countersigned by '
YU h' bN'NQ
NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMlUM AND STANDARD PH6MlVM CALENDAR YEAR 1987 ENDORSEMENT
- 1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:
3 102,577.50 ,
- 2. STANDARD PREMlUM AND RESERVE PREMlUM: to the absence of a change in the Advance Premium indicated above, it is agreed tht, subject to the provisions of the Industry Credit Rating Plan, the Standard Piem.um is said Advance Premium and the Reserve Premium is:
O s 77.283 9o .
O This is to certify that this is a true copy of the original Endorsement having the endorsemer t number and being rnujc part of the Nuclear Energy Liabi'ity Fchev (Jpdity Forrn) as des-igna >d hereon. No Insmance - Mfor//d hereunder.
w T
w:ra t m, kce ereucr.i la.ba.g ..m. unna Arwnca.. Nth.kar Irwurers Effective Date of January 1.1987 To form a part of Policy No. MF-111 This Endorsement 12:01 A.M. Standard Time issued to Union Elettric Company December 15, 1986 For the s ;cribing com anies Date of issue By / A
- y. - m o m ., ,n M ,
j ':
- l < * .e 1 Endorsement No. 12 Countersigned by -'a l "l /' ~
s e
NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 1986 1.t is agreed that Items 1 ar.d E of Endorsement No. 10 are amended to read:
- 1. ADVANCE PREMIUM: It is agreed taat the Advance Premium due the companies for the period designated above 105,570.00 f) is: 5 ,
- 2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absen e of a change in the Advance Premium indicated above, it is a1 reed that, subject to the provisions of the Industry Credit Riting Plan, the Standard Premium is said Advance Premium and tie Reserve Premium is: 5 79,558.00 .
Return Premium is: $ 2,992.50 .
tO TMs is to certify that this is a true copy of the original j
V Endorsement faving the endorsement number and being made part of the Nuc! car Energy I.iability Policy (Facity Form) as des-ignated he on. No Insurance is atforded her mder.
John L Qu u 4 ee i -_MO Amencen &c rInsurers Effective Date cf this Endorsenent January 1, 198C To form a part of Felicy No, MF-111 1
- ssued to Union Electric Company Date of Issue April 28, 1987 Fer the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UND RWRITERS l C: y Lis ~
tneeriement ue. 13 N
c u-:,.tnance by
.f , ' M m!"oLL^W p/ '9 Author 1; l : 1 /
".! - 3 ',
I o ,.
n Nuclear Energy Liability insurance 3
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; l
i "nuclear related employment" means all work performed at one or more than one nucle'ar facility in the United States of .%oerica 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; "workor" refers to a person who is or was engaged in nuclear related employment; ME-64 (1/1/88) Page 1
4
- i. "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 ::NSURANCE 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 OTJ SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHL'RAWN OR MODIFIED BY MAELU OR NELIA AS THEY DEEM NECESEJJRY 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 ceparate Industry Retrospective Nating Plan.
ME-64 (1/1/88) Page 2
_ _ _ _ _ _ - _ _ _ _ _ _ _ _ _ _ _ _ _ _ - _ _ _ _ _ _ _ _ = _ _ _ _ _ _ _ _ _ _ _ _ _ _ .
, ,.'. . Pago 3 a
t 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 com anies Date g/ By G*E. N .2/
M (Signature of Authorised Officer)
John L. Quattrocchi, Vice President-Liability Underwriting (Print or Type Name and Title of Officer)
Executed for the Named Insured util01 ENTRIC COMPAfti (Named I sur - Print or Type)
Date f40V 19 87 sy Q ____ ,,,,_
(Si na ture of"Author %' zed Officer)
'AMES C. THOMPSON e.w - .nv (Print or Type Name ahd Title of Officer)
This is to cerffy that this is a true copy of the original Endorsement having the endorsement number and being made par t of the Nudcar Energy Liability Pohey (Facility Form) as den-ignat d hereon. No insurance is afford hereunder.
John teMr Vi 1 gNah:ng Effective Date of Amei %ckrirman t his Er'6orsement January 1,1988 To torm a part of Policy No. MF-111 12:01 A.M. Standard Time Issued to Union Electric Company Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UN ERWRITERS By *
- C Endorsement No. 14 Countersigned by Authorized Representative
I._
NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMlUM AND STANDARD PREMlUM CALENDAR YEAR 1988 ENDORSEMENT
- 1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:
$ 192.966.00 ,
- 2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is:
$ 92,247.00 ,
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Effective Date of January 1,1988 To form a part of Policy No. MF-111 This Endorsement 12:01 A.M. Standard Time issued to lininn Electric Comoany December 15,1987 Date of Iswo For the subscribing companies MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS By T.
15 N ' ' '
Endorsement No.
Countersigned by Authorized Representative
r NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 1987 4
It is agreed that Items 1 and 2 of Endorsement No. 12 are amended to read:
- 1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $ 94.730.00 .
- 2. STANDARD PAEMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premium and the Reserve Premium is: $ 71,320.00 .
Return Premium: $_ 7,847.50 .
Th!s is to certify that this is a true copy cf the criginat Endorcement having the endorsement numb;r ar.d being mada p.M of the Cortificato of Insurace hearing the nurnber dudnated herson for insurance comage ue.r the Nuclear Energy Uab ii Policy (Facility Workers r.
Form). No uurance is r2ff t de'" - -
Jchri L. Ou e c' Tco sI Underwriting i
American Neucar in0urers Effective Date of this Endorsement January 1.1987 To form a part of Policy tio. MF-lll Issued ts Union Electric Company Date of Issue December 29, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UN .RWRITERS By y .N . -- m .
Endorsement flo. 16 Countersigned by b,,,l/ M b $k Authorized Representa.tive
n Nucicar Energy Liability insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS CHANGES IN SUBSCRISING COMPANIES AND IN THEIR PROP 0Ril0NATE LIABILit? ENDORSEMENT CALENDAR YEAR 1988
- 1. It is agreed that vi th re:spect 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 IntTheir Proportionate Liability Endorsement" change.c the Companies and/or thg,ir proportions as listed in this endorsement, or to the time of the terqination or cancellation of the policy, if sooner. g 9
u A .8 .g..
Emotoyers Insurance of Vausau, $ E A Mutual Company o
10% u-Liberty Mutual Insurance Company 36% W 3 **'
Lumoermens Mutual Casualty company 4 -1% 3 Michigan Mutual Insurance Company F 5%
Tg 3 g--
NoflCE of ANNUAL MEETINCS 8 5 f.j 'e -
o.h the annual meetings of Errotoyers The annual meettags of Liberty Mutual *o>c M *Q v Insurance of Wausau, A Mutual Coepany, are held at its home Insurance Company are held at its home of fice tn Boston, Massachusetts, on
.4 h -@D office in Wausau, Wisconsin, on the third Wednesday of Aprit in each
.R g the fourtn Friday of May in each year, at nine o' clock in the year, at ten o' clock in the morning. f:@ gAt $1]SC f <. C morning. 7 3$
j the annual meetings of Lumcermens The annual meetings of Michigan Mutual gg or 8j
,1' g a
Mutual Casualty Company are netd Insuran*e Company are held at its home v w. e y at its nome offtce tn Lang Grove, office in Detroit, Mtenigan, on the c $ M ,# g littnois, on ene tnied Tuesday of second Thursday of May in each year, at -gc, May in eacn year, at eteven o'eto:k ten thirty o'etock in th> morning. .52 3y3 a ,g in the morning.
.t 7 P u] c .B
_s s 1
Effective Date of this Endorsement January 1, 1988 To form a part of Policy No. MF-111 12:01 A.M. Standard tiee Issued to Union Electric Company l
i Date of Issue February 27, 1988 For the Subscribing Companies MUTUAL AT IC ENERGY LIABILITY UN VRITERS By-- .S . E -- -
Endorsement No. 17 Couatersigned by l
Nuclear Energy Liability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMlUM EllDORSEMENT Calendar Year 1987 ANNUAL PREMlUM: It is agreed that the Annual Premium due the companies for the period designated above is: $_5,812. 50 .
A U
This is to certify that this is a true copy of the original Endorsemont having tho endorsement number and being made part of the Nuclear Energy Liability Policy (Facility Form) as des-ignated heroon. No Insurance 10 afforded hereunder O 2WK
(
i Jchn L. Quatr4.cd4 Vix PreadenvLiaba;ty Urderwriting Amerkan Nudene Ireurers
?
l January 1. 1987 In s r oor er ent To form a part of Certi fIcate No. N-95 12.01 A.M. St ndard Time issued to Union Electric Company Date of issus December 15, 1986 For the su scribing co panies By A
(%BSli te WEoiwei Menger Endorsement No 4 Countersfoned by ' '
g . ..g .. . , . . ,. .
4 g m
Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 5,813.00 .
l l
l l
THIS is TO CERTIFY THAT THISIS A TRUE COPY OF THE ORIGINAL CERDRCATE. SE AR:NG THE NUMBEM DESIGNATED HEREON, FOR IN50RM.CE COVEPME UNDER THE YASTER POUOY NUCLEARENERGY UMiUTY PGUO'NCE SECONDARY FINANCIAL PROTECTIC/)) NO n9;a A*{E is : 4020 0 SY Tals COPY. #
so t cuATTROC0k.
2, dhe~ -- A .'
WE P AE30EN1 U ABh.I : LNDERWalilNG AG CAN Nu; LEAR 1.%SURERS Effective Date of this Endorsement January 1, 1988 To fots a part of Certificate No N-95 12:01 A.M. Standard Time Issusd to Union Electric Company Dsto of Issue December 15, 1987 For the sub ribing companies By !/%\D. / O~ . _
N General Manager Endorsement No_ 5 countersigned by i
1 4
NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ANNUAL PREMlVM ENDORSEMENT Calendar Year 1987 ANNUAL PREMlUM: It is agreed that the Annual Prem!um due the companies for the period designated above is: $1,687.50 -
This is to certify that this is a true copy of the original Endorsonen' having the endorscaent nue.ber and being made part ce the Nuclear Energy Liability Policy (Facility Form an des-ign teti hereon, No Insurance afforded hereunder.
- s. AM x Mr L QwtreH. %& Prester.t L;di'ity Unknf. ting h na m .% A u tra ates I
l EtYective Date of To form a this Endorsement January 1. 1987 of Certif$ cate art No. M-95 Issue to Union Electric Company Date of Issua December 15, 1986 l
l For the Subscribing Companies l
^
MU UAL ATOMIC ENERGY LIApILITY U ERWitITERS Dy -
d ,Nbs f * * ~;
. ,l M y 15 0,
@[p' i T7' ^ ^ Y'
' / P7 Endorsement No. Countersignc<l by
' ... AUTaitmatm Husumwm;
, 1 I
NUCLEAR ENERGY LIABILITY INSURANCE i
l MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS I i
1 ANNUAL PREMIUM ENDORSEMENT l 1
Calendar Year 1988 l
l ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,688.00_.
0T "
THIS IS TO CERilFY THAI , TH S 1s Tg'E gECE0k 0
$$$c$! Waft #SSEE7" p,3$%cils AFFORDED TH -
J0"M L. QUAf f 30CCHI ..
g;g pgtsit)ENI LtA8ILITY U 'ERWRITL, .
AMEfitCAN NUCLE.t R INSURERS ,
, , ,,. ,;_;;gjids,h,jg;p..
4 Effective Date of this Endorsement January 1, 1988 To form a part of Certificate No. M-95 l Issued to Unicn Electric Company 1
Date of Issue December 15, 1987 I
For the Subscribing Companies l MUTUAL ATOMIC ENERGY LIABILITY UN RWRITERS By .W . _Y _C N
. m Endorsement No. 5 Countersigned by
- Authorized Represent.stive
-/)N1 3
,9 NUCLEAR ENERGY LIABILIT'l INSURANCE ASSOCIATION NUCLEAR ENERGY LIABILITY POLICY (Facility Worker Form) herein called the MASTER WORKER POLICY CERTIFICATE OF INSURANCE certificate No, IM-159 Date of Issue Jan. 15 19 88 1
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 Ascocia-tion 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:
Union Electric Company 1901 Gratiot Street P.O. Box 149 St. Louis, liissouri 63166 l
Item 2. Certificate Coverage Period:
)
l Beginning at 12:01 a.m. January 1, 1988 and ending at the close of December 31, 1992, Eastern Standard i
Time, or at the time and date this Certificate is cancelled or terminated, whichever first occurs.
l l
NMWPC-1 (1/1/88) Page 1 ,
i
_. . . . . . , -,, _ ~ , _ _ . - - . . -- -.m.. - ---
.a 1
0 Item 3. Description Of the Facility: ,
Location: All of the premises including the land and all buildings and structures known as the Callaway Plant described as being (1) located within the owner controlled fence plus the corridor areas, (2) located within the intake structure, discharge pipe and barge docking facility areas, and (3) the intake and discharge pipes connecting the foregoing areas (1) and (2) all located approximately 10 miles southeast of Fulton in Callaway County, Missouri.
Type: Power Reactor operator of the Facility: Union 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. <
l Item 5. Advance Premium: $ 16,663.00 ,
2 APPLICATION OF CERTIFICATE This certificate applies only to bodily injury to a new worker (1) which is caused during the Certificate Coverage Period by the nuclear energy hazard and (2) which is dis-covered and for which written claim is first made against an insured under the Certificate within the discovery period of the Master Worker Policy.
l l 3 INDUSTRY RETROSPECTIVE RATING PLAN I
All insurance under the Master Worker Policy is subject to the Industry Retrospectise Rating Plan in use by the companies. No insurance is provided under this Certificate j unless and until the first Named Insured has accepted in writing the Industry Retrospective Rating Plan Premium ED-dorsement and a copy of the signed endorsement has been issued by the companies to form a part of this Certificate.
t NMWPC . (1/1/88) Page 2
t IN WITNESS WHEREOF, the companies subscribing the Master Worker Policy have caused this Certificate to be executed and attested on their behalf by the President of Nuclear Energy Liability Insurance Association and duly counter-signed by an authorized representative.
For the Subscribing Companies of NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Burt C. Pr m, By '
.s. swrW\
Presi@nt (Authorized Agent)
?
Countersigned by: M (AtYthorized Re Tesentative)
This is to certify tha' - * -~ ecy of the original Cortificate bearing the nurnb' < ;oa, Inr bcuranco caverage under ,
the Nuc ar Energy e ,n v (.r. ity Workcrs Forrn) herein i
called th as orr.cr tnco is a'.*0rded by this copy.
John L attrocchi, vrce PresidenThllity Underwriting Arnerican Nuclear insurers
{
NMWPC-1 (1/1/88) Page 3
1 e
i Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION INDUSTRY RETROSPECT 7VE 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 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 tnan the Industry Retrosprctive Rating Plan), premiums and minimum premiums applicable to this insr 'ance. Standard premium includes elements for premium taxes, expenses, profit and contingencies, guaranteed cost insurance and estimated reserve premium. The elements of standard premium, other than for premium taxes and estimated reserve premium, are not subject to retrospective adjustment; "reserve premium" means that portion of the premium for a Certificate (including reserve premium charges paid) that is specifically allocated under the Industry Retro-spective Rating Plan for ratable incurred losses; "industry reserve premium", for any period, is the sum of the reserve premiums for that period for all Certifi-cates issued to form a part of the Master Worker Policy "retrospective adjustment ratio", for any period, is the ratio of the reserve premium for this certificate for that period to the industry reserve premium for the same period; "incurred losses" means the sum of all:
(1) losses and expenses paid by NELIA, and (2) reserves for losses and expenses as estimated by NELIA, NE-W-1 (1/1/88) Page 1
E because of onligations 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 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 effective date of this Certificate through Decerter 31 following. Thereafter, at the beginning of each calendar year while this Certificate is in force, the Named 7asureds shall pay the advance premium for such year to the companies.
The advance premium for each calendar year shall be stated in the Advance and Standard Premium Endorsement 1
NE-W-1 (1/1/88) Page 2
4 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 CF 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 resebe 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 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 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 clored the companies shall make a final review and re-port, and shall determine a final industry reserve premium charge or industry reserve premium refund equal to the amount of the balance.
- 5. FINAL PREMIUM The final premium for this Certificate shall be (a) the sum of the standard premiums for each calendar year, or portion thereof, during which the Certificate remains in force plus (b) the sum of all reserve premiums, includ-ing all reserve premium charges, minus (c) the sum of all reserve premium refunds.
l
- 6. RESERVE PREMIUM CHARGE AGREEMENT In consideration of (a) the participation of Named Insureds in other Certificates subject to the Industry l
Retrospective Rating Plan, (b) the undertaking of such i 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 l
i NE-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 oy 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 i
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.
s
- 7. RESERVE PREMIUM REFUND AGREEMENT Each member of NELIA subscribing the Master Worker '
Policy for any calendar year, or pertion 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
a POgo 6 e
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.
.;bCACTRIC COMPAM (First N .ed I sured - Print or Type)
Date h0V 19 h 47 By S~ ~f. -- s (si ature'of Authbrized Of ficer)
JAMES C. THOMPSON
( EEco rny (Print or Type Name and Title of Of ficer)
This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Certificato of Insurance bearing the number dcsignated her:cn for insurance coverage under the Nuclear Energy Lia sty Policy (Facility Workers Form). Insuranco I or*" " ~'
- r.
John L f i'ViTr6Tb ity Underwriting American clear Insurers Effective uate of to form a part of this Endorsement January 1, 1988 of Certificate No. NW-159 12:01 A.M. Standard Time Issued to Union Electric Company Date of Issue October 19, 1987 For the scribing companies By e %
General Manager
/
Endorsement No. I Countersigned by y
M. ..
hT-V-1 (1/1/88)
4 Huclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANtARD 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:
$ 16,663.00 ,
- 2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance 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:
This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Certificate
$ 13'330*00 nf innmoo bearing the numtor des;pnated hercon for insurance covera under the Nuclear Energy L' aility Policy (Facility Workers
"'t r.
Form), o insurcnco i.
John ! III. ...v i'icsiaeWFDability Underwriting Americ uctoar Insurers Effective Date of this Endorsement January 1. 1988 To form a part of Certificate No. Nil.159 12:01 A.M. Standard Time Issued te Union Electric Company Data of Issue January 15, 1988 For the Su ribing Co anies
! By M '%
PRESIDENT ,
l Countersigned by
.s. hr'h Endorsement No. 2 NE 'n'-2 (1/1/88)
w_ '
e ' VH tt l L o MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS NUCLEAR ENERGY LIABILITY POLICY (Facility Worker Form) herein called the MASTER WORKER POLICY CERTIFICATE OF INSURANCE Certificate No. MW-81 Date of Issue Jan. 15 19 38._
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:
Union Electric Company 1901 Gratiot Street P.O. Box 149 St. Louis, liissouri 63166 i
Item 2. Certificate Coverage Period:
Beginning at 12:01 a.m. January 1, 1988 and ending at the close of December 31, 1992, Eastern Standard Time, or at the time and date this Certificate is cancelled or terminated, whichever first occurs.
MMWPC-1 (1/1/88) Page 1 I
r.
i i
i 9
Item 3. Description of the Facility: ,
Location: All of the premises including the land and all buildings and structures known as the Callaway P16nt described as being (1) located within the owner controlled fence plus the corridor areas, (2) located within the intake structure, discharge pipe and barge docking facility areas, and (3) the intake and discharge pipes connecting the foregoing areas (1) and (2) all located approximately 10 miles southeast of Fulton in Callaway County, Missouri.
Type: Power Reactor operator of the Facility: Union 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 5. Advance Premium: $ 4,837.00 1
l 2
! APPLICATION OF CERTIFICATE This certificate applies only to bodily injury to a new worker (1) which is caused during the certificate coverage l
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 i the Master Worker Policy.
l 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 Retrospe::tive Rating Plan Premium En-dorsement and a copy of the signed endorsement has been issued by the companies to form a part of this Certificate.
MMWPC-1 (1/1/88) Page 2 l--,-,--,- . . . - . . - - - - -
1 b
IN WITNESS WHEREOF, the companies subscribing the Master Worker Policy have caused this Certificate to be executed and attested on their behalf by the Manager of Mutual Atomic Energy Liablity Underwriters and duly countersigned by an authorized representative.
For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS J. Michael O'Connell, Manager By 'T .
N
( Authdi'ihd Agent)
)
Countersigned by: A . M ~
('AuGorized epresentative)
This is to certify that this is a true copy of the original Certificato bearing the number designated hereon, f g insurance coverage under the Nuct r Energy Liability Poucy (Fac/fty Workers Form) herein
{ called the si rke c .
. Jois afforded by thic copy.
I John L ttrocchi, Vice President - a . ity Underwriting i
American Nuclear Insurers l
i l
MMWPC-1 (1/1/88) Page 3
.__._O
pW 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 assued to form a part of the Master Worker Policy; "retrospective adjustment ratio", for any period, is the ratio of the reserve premium for this certificate for that period to the industry reserve premium for the same period; "incurred losses" means the sum of all:
(1) losses and expenses paid by MAELU, and (2) reserves for losses and expenses as estimated by MAELU, ME-W-1 (1/1/88) Page 1
7 because of obligations assumed and expenses incurred in connection with such obligations by the members of MAELU under the Master Worker Policy; "ratable incurred losses" means 95% of incurred losses.
Ratable incurred losses are the portion of incurred losses which are not covered by the guaranteed cost insurance element of standard premiums; "non-ratable incurred losses" means 5% of incurred losses. Non-ratable incurred losses are the portion of incurred losses which are covered by the guaranteed cost insurance element of standard premiums; "reserve for refunds", as of any date, is the algebraic difference between:
(1) all industry reserve premium for the period from January 1, 1988 through such date, minus (2) the total for the same period of (a) all ratable incurred losses and (b) all industry reserve pre-mium refunds made under the Industry Retrospective Rating plan by members of MAELU; "industry reserve premium charge", for any period, means the amount determined pursuant to the provisions of Section 4 of this endorsement for payment by the Named
- Insureds under Certificates; "reserve premium charge" means the portion of an indus-try reserve premium charge payable by the Named Insureds under this Certificate; ,
"industry reserve premium refund", for any period, means :
the amount determined pursuant to the provisions of Section 4 of this endorsement for return to the Named Insureds under Certificates; "reserve premium refund" means the portion of an indus-try reserve premium refund returnable to the Named Insureds under this Certificate.
- 2. PAYMENT OF ADVANCE AND STANDARD PREMIUMS The Named Insureds shall pay the companies the advance premium stated in the declarations, for the period from the 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 such year to the companies.
l t
ME-W-1 (1/1/88) Page 2
4
'Ihe 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 ACCotJNT; 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 ofter 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
'i t
- 4. PAYMENT OF RESERVE PREMIUM CHARGES AND REFUNDS As soon as practicable after each December 31 the com-panies will review the status of the reserve for refunds and report their findings to all Certificate Holders.
If, at any time, the companies find that there is a negative. balance in the reserve for refunds and that such condition is likely to prevail, they shall deter-mine an appropriate industry reserve premium charge Similarly, if the companies find that 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 i
in a Retrospective Reserve Premium Charge Endorsemert.
The charge shall be paid promptly af ter receipt of the endorsement.
- When all claims covered by the Master Worker Policy are closed the companies shall make a final revaTw 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 MAILU under the Master Worker 1
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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 af*.er 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 Haster 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.
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c Ptg3 6 Accepted and agreed by the first Named Insured in behalf of itself and every other Named Insured stated in the Declara-tions of the Certificate of which this endorsement forms a part.
!ml0N, ELECTRIC COMPANY (First Nam Ins red - Print or Type)
Date NOV 1 y !? By 4. . fem-..m. J 4ngture oY Authofized Of ficer)
(S$ JAMES I
e r cen cy C. THCf1PSON (Print or Type Name and Title of Officer) l This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Certificate of Insuranco bearin0 the number desip ated hereon for insurance covera under the riu:l car Energy L' fility Policy (Facility Workors ce 't ici , mer, Form). I John L attrocchi, Vice President - Liaoility Underwriting American Nuclear Insurers Effective Date of To form a part of this Endorsement January 1, 1985 of Certificate No. Hg.g1 12:01 A.M. Standard Time Issued to Uninn Electric Comnany Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERcY LIABILITY ERWRITERS
,Q , >% UA ~
- By
- . -n Endorsement No. I Countersigned by f!M Autho'rie ! Representative ME-k'- 1 (1/1/88)
Nuclear Energy Liability Insurance )
MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ;
ADVANCE PREMIUM AND STANDARD PREM!UM ENDORSEMENT CALENDAR YEAR 1988
- 1. ADVANCE PREMIUM: It is agreed that the Advance Premium cue the companies for the period designated above is:
$ 4,837.00 .
- 2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a cnange in the 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:
$ 3,870.00 This is to ce.rtify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Certificate of Insurance bearing the number dosi nated hercon for insuranco cover e under the Nuclear Energy bility Policy (Facility Workers mder.
Form). No insurance n Lkaf" K "a UsM -~
John it vecht,WoTresicc Wbility Underwriting Americ Nuclear Insurers Effective Date of To form a part of Certificate No. N-81 this Endorsement January 1. 1988 12:01 A.M. Standard Time Union Electric Company Issued to Date of Issue January 15, 1988 For the Subscribing Companies i
I MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS f
I /
By Endorsement No. 2 Countersigned by '
M i
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