ML20154K856

Forwards Endorsements 93 & 94 to Maelu Policy MF-73 & Endorsements 106 & 107 to Nelia Policy NF-220

ML20154K856
Person / Time
Site:	Oyster Creek, Three Mile Island, 05000000
Issue date:	05/18/1988
From:	Farrell E MARSH & MCLENNAN, INC.
To:	Dinitz I Office of Nuclear Reactor Regulation
References
NUDOCS 8805310071
Download: ML20154K856 (5)

Text

. Marsh &

M9ennan M & M Nuclear Consultants 1221 Asenue of the Americas New Sork, New Tork 100201011 1riephone 212 997-20 0 May 18, 1988 Mr. Ira Dinitz Insurance Liability Specialist Office of Nuclear Reactor Regulation Mail Stop 12E8 U.S. Nuclear Regulatory Commission Washington, DC 20555 Re: Metropolitan Edison et al ANI/MAELU Policies NF-220/MF-73

Dear Mr. Dinitz:

Enclosed are certified copies of endorsement nos. 106 and 107 for ANI Policy NF-220 and endorsement nos. 93 and 94 for MAELU Policy MF-73.

Sincerely, _

g b CDW Elizabeth Farrell M&M Nuclear Consultants enc.

cc: J. O'Marra 8805310071 880518 hh PDR ADOCK 05000219 J PDR ,[

l ,

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• NUCLEAR ENERGY LIABILITY INSURANCE l

MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMlUM AND STANDARD PREMfuM ENDORSEMENT CALENDAR YEAR 1988 It is agreed that Items 1 and 2 of Endorsement No. 90 are amended to read:

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is:  ! 274,544.00 .

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: $ 207.979.00 .

Additional Premium: $562.00 .

Thh is to certify that this is a true copy of the er'wnal Endersement havir-3 the endort.cnwnt number and being made part of the Nuclear Energy Liabi'ity Pohcy (Facgy Forrn) as des.

ignated : creon. No Insurance is afforded //reunder.

eh l Jchn L G - ed i '

Acnerian .% at Inums Effective Date of this Endorsement January 1, 1988 To form a part of Policy No. MF-73 Zssued to Metropolitan Edison Company, Jersey Central Power & Licht Comoanv. Pennsylvania Electric Company and GPU Nuclear Corporation Date of Issue May ll, 1988 For the Subscribing Companies NITIVAL ATOMIC ENIECT LIABILITT UND [RWRITERS Sy .9 . O-- -

LS _

Endorsement No. 94 Countersigned by Authorized Representative

NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS RESTORATION OF LIMIT OF LIABILITY ENDORSEMENT (Extraordinary Nuclear Occurrence)

It is agreed that:

1. In accordance with Condition 3 of the policy, payments made and expenses incurred by the companies' thereunder, frcm and after the effective date of Endorsement No. 87 has reduced by $478,728.83 all the stated limits of the companies' liability.

2. The current limit of the companies' liability, being the reduced limit in effect on December 31, 1987, is herelay restored by the sum of $478,728.83 but only with respect to obligations assumed or expenses incurred because of bodily injury or property damage caused by the nuclear energy hazard due to an extraordinary nuclear occurrence which happens during the period from the effective date of this endorsement to the date of termination of the policy ard arising out of the ownership, operation, maintenance or use of one or more of the two nuclear reactors situated at the location desigrated in Item 3 of the Declarations; provided, however, that such extraordinary nuclear occurrence is determined by the Nuclear Regulatory Commission to be an "extraordinary nuclear occurrence" pursuant to the provisions of its regulations and the Atomic Energy Act of 1954, as amended, and in effect on May 1, 1979.

3. The limits of liability stated in the policy shall not be cumulative. Each payment made by the companies after the effective date of this endorsement for any loss or expense covered by the policy shall reduce by the amount of i such payment every limit of liability, regardless of which limit of I liability applies with respect to the bodily injury or property damage out '

of which such loss or expense arises.

Trh is to certify that this is a trae copy of the original Er.dctsarxnt hwire the endorrement nuinter and being made part i

of the Nue:cr Energ/ Li=.tuy Pdicy (Fglity Fonn) as de icy.aA Sereen. No tr6u -

' * '> rrcunder. )

.T . L Jar L wN, Va rweantUaMw U%em Effective Date of this Endorsement January 1. 1988 To form a part of Policy No. MF-73 12:01 A.M. Standard Time Issued to Metropolitan Edison Company. Jersey Central Power & Light Company, Pennsylvania Electric Company and GPU Nuclear Corporation Date of Issue May 11. 1988 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILI By .W . -- -__ F'A I 93 n i Endorsement No. countersigned by '

Authorized Representative

Nuclear Energy Li:bility Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 1988 It is agreed that Items 1 and 2 of Endorsement No. 103 are amended to read:

1. ACVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $ 945.653.00 .

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: $ 716.371.00 .

Additional Premium: $1,937.00 .

'This is to certify that this is a true copy of the ork2inal Endorsement having the endorsenomt nuniber and being rnade part of the Nuclear Energy Liabihty Policy (Facii ty Forrn) as des.

ignated creon. No hu.urance is aHorded ' rcunder.

John L 3 Q h > K // C

% . M ' e m L b % 90 Amen:.x3 h .aar Inwus Ef fective Date of this Endorsement January 1. 1988 To form a part of Policy No NF-220 12:01 A.M. Standard Time Metropolitan Edison Company, Jersey Central Power & Light Company, Pennsylvania Issu:d to Electric Comoany and GPU Nuclear Corooration Date of Issue May 11. 1988 For the Subscribing Companies By We General Manager Endarsement No 107 Countersigned by NE-36

. 1

- . . \

Nuclear Energy Liability Laurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION RESTORATION OF LIMIT OF LIABILITY ENDORSEMENT (Extraordinary Nuclear Occurrence)

It is agreed that:

1. In accordance with Condition 3 of the policy, payments made and expenses incurred by the companies' thereunder, from and after the effective date of Endorsement No. 100 has reduced by $1,9 8,954.86 all the stated limits of the companies' liability.

2. The current limit of the comoanies' liability, being the reduced limit in effect on December 31, 1987, is hereby restored by the sun of $1,603,954.86 but only with respect to obligations assumed or expenses incurred because of bodily injury or property damage caused by tae nuclear energy hazard due to an extraordir.ary nuclear occurrence which by pens during the period from the effective date of this endorsement to the date of ternination of the policy and arising out of the ownership, operation, maintenance or use of one or more of the two nuclear reactors situated at the location designated in Item 3 of the Declarations; provided, hcwever, that such extraordinary nuclear occurrence is detemined by the Nuclear Regulatory Commission to be an "extraordinary nuclear occurrence" pursuant to the provisions of its regulations and tne Atomic Energy Act of 1954, as amended, and in effect on May 1, 1979.

3. The limits of liability stated in the policy shall not be cumulative. Each payment made by the companies after the effective date of this endorsement for any loss or expense covered by the policy shall reduce by the amount of such pay:nent every limit of liability, rmrdless of which limit of liability applies with respect to the bcu.iy injury or property damage out of which such loss or expense arises.

This is to certify that this is a true copy of the cryynal Endorsement having the endorsement nurnbe and being rnade part of the Nuckar Energy Liabtity Policy (Facl$ty Form) as des-ignated creon. No Insurance is affordec/fereunder.

John L

• hM roEcN. sce PrJGitTadayiFJpDtang Arnerean tucar Iraurns Effective Date of this Endorsement January 1. 1988 To form a part of Policy No NF-220 12:01 A.M. Standard Time Metropolitan Edison Company, Jersey Central Pc,wer & Light Company, Pennsylvania Issued to Electric Comoany and GPU Nuclear Corporation D:te of Issue May 11. 1988 For the subscrioing companies By 'M C General Manager Endorsement No 106 countersigned by