ML20195J277

Forwards Endorsements 120 & 122 to Nelia Policy NF-76, Endorsements 99 & 101 to Maelu Policy MF-26 & Endorsement 8 to Nelia & Maelu Certificates N-4 & M-4,respectively

ML20195J277
Person / Time
Site:	Yankee Rowe
Issue date:	01/11/1988
From:	Vieten M MARSH & MCLENNAN, INC.
To:	Dinitz I NRC
References
NUDOCS 8801270126
Download: ML20195J277 (11)

Text

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- .- giennan M & M Nudear Consultants 1221 A.enue of the Americas New York. New York 10020-1011 Teb.-phone 212 Y37 2000 January 11, 1988 Mr. Ira Dinitz Of fice of Nuclear Reactor Regulation Mail Stop_128 U.S. Nuclear Regulatory Commission Washington, D.C. 20,553 Yankee Rowe

Dear Ira:

Enclosed, please find the captioned copies of each of the following endorsements:

Policy Endorsement NF-76 120/122 MF-26 99/ 101 N-4 8 M-4 8 If you should have any questions, please feel free to call.

Regards, ,

4 4 I

Michael J. Vieten Nuclect Consultant MJV/gsj Enc.

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'8801270126 880111 PDR ADOCK 05000029 J .DCD

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION .

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ADVANCE PREMlUM AND STANDARD PREMlUM CALENDAR YEAR 1988 ENDORSEMENT 1, ADVANCE PREMlUM: It is agreed that the Advance Premium due the ampanies for the period designated above is:

$ 385,577.00 ,

2. STANDARD PREMlVM AND RESERVE PREMlUM: In the absence of a change in the Advanca 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: ,

$ 290.714.00 ,

Ths it to certify that this is a true copy of the onginal Fo'nrrnmnt bad,q the er.dorsement r. umber and boing me pett o the ib _ar E.ncrg/ Lidi:ity Pobo (F tty Fotmi as des.

qnat !in men. No int t ance is anort' hereund n

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Effective Date of January 1,1988 To form a part of Policy No, NF-76 This Endorsement 12:01 A.M. Standard Time issued to Yankee Atomic Electric Company December 15,1987 For the cribing com anies Date of lasue By /A

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b General Manager Endorsement No. 122 Countsrsigned by

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:

$ 111,942.00 ,

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:

$ 84.401.00 .

His is to certify that this is a true copy of the origined Fxdcreement having the endorsemtnt number and bcing rnade part of the No ! car Enmg; LiabMy Por,cy (Fjjcif.ty Ferm) es des-n 'unre//t tueundcr.

u .ct. i horcen. No Im raxe S.

an < ' erxc. vn m redent Liat0ty eng

/.~wat .Ju. tar 1r.surers Effective Date of January 1,1988 To form a part of Policy No. MF-26 i This Endorsement l

12:01 A.M. Standard Time Issued to V AWFF ATOMIC FTECTRTC COMPANY l

Date of Issue December 15.1987 For the subscribing companies MUTU AL ATOMIC ENERGY LIABILiTV UNDERWRITERS By T. C [

Endorsement No. 101 Countersigned by Authorized Representative

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M Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)

PREAMBLE

1. The insurance and rating plan presently used by Mutual Atomic Energy Liability Underwriters ("MAELU") and Nuclear Energy Liability Insurance Association ("NELIA")

do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events; w

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

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nuclear energy liability insurance for the nuclear

, industry; r

- 3. MAELU and NELIA want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for worke s claims. Accordingly MAELU and NELIA desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

"this policy" means the policy of which this endorsement forms a part; "nuclear related employment" means all work performed at i one or more than one nuclear facility in the United States of America or in connection with the transporta-tion of nuclear material to or from any such facility.

All of a worker's nuclear related employment shall be considered as having begun on the first day of such employment, regard 1sss of the number of employers involved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; ME-64 (1/1/88) Page 1

. i. . .

..l

~.

"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; li. "extraordinary nuclear occurrence" means an event which

$' the United States Nuclear Regulatory Commission has

$f determined to be an "extraordinary nuclear occurrence" -

JJp: 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 J

.<y v . s. , This policy does not apply to bodily injury to a worker JJ which arises in whole or in part out of nuclear related '2 t employment that begins on or after January 1, 1988.

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4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED a/'.

With respect to such insurance as is afforded by this 4[' '

policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following -

Insuring Agreement IV-A does apply:

IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made -

against the insured not later than the close of December 31, 1997.

5. AVAILABILITY OF SUPPLEMENTAL INSURANCE MAELU and NELIA are offering to make insurance under one or more Master Worker Policies available to all holders of Nuclear Energy Liability Policies (Facility Form).

THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY MAELU OR NELIA AS THEY DEEM NECESSARY OR APPROPRIATE.

The Master Worker Policies will provide, under their separate terms and conditions, coverage for new workers claims. Premiums will be subject to a separate Industry Retrospective Rating Plan.

ME-64 (1/1/88) Page 2

_J Pcgn 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT AUTOMATIC. A WRITTEN REQUEST MUST BE SUBMITTED TO MAELU OR NELIA THROUGH REGULAR MARKET CHANNELS.

It is understood and agreed that all of the provisions of this endorsement shall remain in full force and effect without regard to this Section 5, and without regard to whether or not the Named Insureds become insureds under the Master Worker Policies, or whether or not MAELU or NELIA terminate such policies or withdraw or modify their offer to underwrite such policies.

Executed for the companies Date / f M By . T . [bW 3-4

\l(Signature oY Authorized Of ficer)

' ' ~

/

John L. Quattrocchi, Vice President-Liability Undenvriting (Print or Type Name and Title of Officer)

Executed for the Named Insured Yankee Atomic Electric Company (Named Insure - Print or Type)

Date 11/17/87 By w d' M (Signature of Authorized Officer)

A.R. Soucy-Treasurer (Print or ,Ty Jame and ,{itle Af ,9f,f Aper)

D5s mnt N a the umr,om: numh ~r ced kf"9 Tede Fat of the Na kv EruW ! drh'I';%' E D I") "

iso hvem Na Irm "n;e k Wr hcredr.

u,nL i m xua,VAc exnt ui4 gecet wear Inc.urm Effective Date of this Endorsement January 1, 1988 To form a part of Policy No, MF-26 12:01 A.M. Standard Time Issued to Yankee Atomic Electric Company Date of Issue October 19, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UN ERWRITERS By * .

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Endorsement No. 99 Countersigned by Authorized Representative

., Nuclear Energy Liability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF COVERAGE ENDORSEMENT FOR WORKERS CLAIMS (Facility Form)

PREAMBLE

1. The insurance and rating plan presently used by Nuclear Energy Liability Insurance Association ("NELIA") and Mutual Atomic Energy Liability Underwriters ("MAELU") do not make a distinction between workers claims arising from catastrophic events and those arising from lesser events; *

2. NELIA and MAELU believe that the lack of such a distinc-tion will adversely affect their ability to continue to attract from world markets very large amounts of nuclear energy liability insurance for the nuclear industry;

3. NELIA and MAELU want to avoid this potential loss of capacity and to continue to provide nuclear energy lia-bility insurance for workers claims. Accordingly NELIA and MAELU desire to restructure their present insurance programs, including this policy, effective January 1, 1988.

NOW, THEREFORE, the Named Insured and the companies do hereby agree as follows:

1. DEFINITIONS When used in reference to this endorsement:

"this policy" means the policy of which this endorsement forms a part; "nuclear related employment" means all work performed at one or more than one nuclear facility in the United States of America or in connection with the transporta-tion of nuclear material to or from any such facility.

All of a worker's nuclear related employment shall be considered as having begun on the first day of such employment, regardless of the number of employers in-volved or interruptions in such employment; "worker" refers to a person who is or was engaged in nuclear related employment; NE-64 (1/1/88) Page 1

e-

"workers claims" means claims for damages because of bodily injury to a worker caused by the radioactive, toxic, explosive or other hazardous properties of nuc-lear material and arising out of or in the course of the worker's nuclear related employment; "extraordinary nuclear occurrence" means an event which

~

the United States Nuclear Regulatory Commission has determined to be an "extraordinary nuclear occurrence" as defined in the Atomic Energy Act of 1954, or in any law amendatory thereof.

2.. APPLICATION OF THIS ENDORSEMENT This endorsement applies only to such insurance as is afforded by this policy for workers claims which do not arise in whole or in part out of an extraordinary nuclear occurrence.

3. EXCLUSION OF NEW WORKERS CLAIMS This policy does not apply to bodily injury to a worker which arises in whole or in part out'of nuclear related employment that begins on or after January 1, 1988.

4. APPLICATION OF POLICY TO WORKERS CLAIMS NOT EXCLUDED With respect to such insurance as is afforded by this policy for workers claims which are not excluded, Insuring Agreement IV does not apply and the following Insuring Agreement IV-A does apply:

IV-A APPLICATION OF POLICY TO WORKERS CLAIMS This policy applies only to bodily injury (1) which is caused during the policy period by the nuclear energy hazard and (2) which is discovered and for which written claim is made against the insured not later than the close of December 31, 1997.

5. AVAILABILITY OF SUPPLEMENTAL INSURANCE NELIA and MAELU are offering to make insurance under one or more Master Worker Policies available to all holders of Nuclear Energy Liability Policies (Facility Form).

THIS OFFER IS CONTINGENT ON SUFFICIENT SUPPORT FROM POLICYHOLDERS, AND MAY BE WITHDRAWN OR MODIFIED BY 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

l Pagm 3 COVERAGE UNDER THE NEW MASTER WORKER POLICIES IS NOT l

AUTOMATIC. A WRITTEN REQUEST MUST BE SUBMITTED TO NELIA OR MAELU THROUGH REGULAR MARKET CHANNELS.

l It is understood and agreed that all of the provisions of this endorsement shall remain in full force and effect without regard to this Section 5, and without regard to whether or not the Named Insureds become insureds under the Master Worker Policies, or whether or not NELIA or MAELU terminate such policies or withdraw or modify their offer to underwrite such policies.

Executed for the comp ies ,

Date /*1.!/ [7 By r\\. N . * -

/ / \](Signatu're of Authoriz6'd Of ficer)

John L. Quattrocchi, Vice President-Lia'o ility Underwriting (Print or Type Name and Title of Officer)

Executed for the Named Insured Yankoe Atomic FincPric OnmnAnu (Named nsured - Print or' Type)

Date 11/17/a7 By -

(Signature of Authorized Of ficer)

A.R- Soucv-Troamuror (Print or Type Nanic and Title of Of ficer)

Th's is to cert!' v that this is h tnw copy et the oriy.al Endorsanent hnea the endurwaxnt nurnier and being na of the Nudar Energy Liab: lit / Pobcy (Fact' / Ferm) m des-ty.2ted I reon. No insurance is Affer.ied , reunder.

J:SL4 m<ch, oPtm Civ L.%

turir; UnrL

.-6 s % . ate,m.

Effsetive Date of this Endorsement Januarv 1.1988 To form a part of Policy No NF-76 12:01 A.M. Standard Time Issusd to Yankee Atomic Electric Company Dato of Issue October 19, 1987 For the subscribing companies i

e .l By - '

General Manager Endorsement No 120 countersigned by ,

NE-64 (1/1/88)

-4 .

Nuclear Energy Liability Insurance NUCLEAR $NERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 L

ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 5,813,00 ,

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THIS IS TO CERTIFY THAT THIS IS A TRUE GOPY OF THE ORIGINAL f.EkT;FICATE, BEARING THE NUMBER DESIGNATED HEREON, Fem "JSURANCE COVERAGE UNDER THE MASTER POUCY NUCLEARENERGY .

UASi!'TY INSURANCE (SECONDARY FINAglAL PROTECTi4N). N4 INSUh NCE IF AFFORDE BY ms COPY //

JO% 10 4 CC V!CE P9tSCEtJ1.LtABilliY UNDERWRillN AMEniCAN NUCLEAR INSURERS Effective Date of this Endorsement January 1. 1988 To for a a part of Certificate No N-4 12:01 A.M. Standard Time Issued to Yankee Atomic Electric Comoany Date of Issue December 15, 1987 For the S ribing ecmpanies 3y

\l..vA D.b%~ .-

0 N General Manager ,

Endorsement No 8 Countersigned by

NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Year 1988 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,688.00 .

THl$ IS TO CERTIFY THAT TH:S l$ A TRUE C CEM4tCATE. BEARING THE NUVBER DEStGN 1%UR U&MITYANCE COVERAGE IN50R A!,CE UNDER (SECONDARY THE M HNANCIAL AST PROTEC INSURANCEIS ATFORCED Y THfS C0h.

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JOHN L.t f U ATTRCCCH) CERWRITING ,

ViCE FPESCENT LtABILITY ...ceG:

MiERICAN NUCLEAR ttJSURERS .

Effective Date of this Endorse =ent January 1, 1988 To form a part of certificate No, M 4 Issued to Yankee Atomic Electric Company Date of Issue December 15, 1987 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UND RWRITERS By .W . Y _C N

. w Endorsement No. 8 Countersigned by Authorized Representative