ML18093A358

Forwards Endorsements 97 & 96 to Nelia Policy NF-230 & Endorsements 80 & 81 to Maelu Policy MF-90

ML18093A358
Person / Time
Site:	Salem
Issue date:	09/10/1987
From:	Oconnor D MARSH & MCLENNAN, INC.
To:	Dinitz I Office of Nuclear Reactor Regulation
References
NUDOCS 8709150343
Download: ML18093A358 (5)

Text

MarshR 0 M~Le~n~n~m1::.:..--------------------------------~

M & M Nuclear Consultants 1221 Avenue of the Americas New York, New York 10020-1070 Telephone 212 997-2000 September 10, 1987 Mr. Ira Dinitz Office of Nuclear Reactor Regulation Mail Stop 128 U.S. Nuclear Regulat?ry Cormnission Washington, D.C. 20$55 l Public Service.Electric & Gas Company Facility Form Policies: NF-230/MF-90 Endorsements: 96&97/80&81

Dear Mr. Dinitz:

Enclosed please find two certified copies each of the captioned endorsements. If you have any questions, please don't hesitate to call.

~~Jr.

Nuclear Consultant Enc.

1 8709150343 B0~&65g72 PDR ADOCK . PDR J

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Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 1987 It is agreed that Items 1 and 2 of Endorsement No. 93 are amended to read:

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $ 1,073,222.00

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: $ 813,324.00 Addi ti o_na 1 Premium is: 2

$__:_77:.....::*:.....::5_5_ _ __

Effective Date of this Endorsement__J_a_n_u~a~r_y-=-=-l_,-:---19_8_7________~To form a part of Policy No NF-230 12:01 A.M. Standard Time Public Service Electric & Gas Company, Philadelphia Electric Co., Delmarva Issued to Power & Light Co., Atlantic City Electric Co.

Date of Is s ue_---"'S'""'e-"'p-"-t=em=be=-r:__:l=-'>--=l:. .:9;. _:8:. . :. 7_____ For the S/1ub:1~ribing Companies

,1 By_ ____..__~f-l..r.-.~~:-=-~*==;:;-::-------~

General Manager Endorsement No 97 Countersigned by NE-36 ----------------~

Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION RESTORATION OF LIMIT OF LIABILITY ENDORSEMENT It is agreed that:

1. Payments made and expenses incurred by the companies under this policy have reduced, in accordance with Condition 3 of the policy, the limits of the companies* liability stated in Item 4 of the Declarations and in all Increase of Limit of Liability Endorsements.

2. The limit of liability stated in Endorsement No. 92 which has been reduced is hereby restored to $ 124,000,000.00 . This

. restored limit applies only with respect to obligations assumed or expenses incurred because of bodily injury or property damage caused by the nuclear energy hazard on or after the effective date of this endorsement.

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 1oss or expense covered by the policy shall reduce by the amount of such payment every limit of liability, regardless of which limit of liability applies with respect to the bodily injury or property damage out of which such loss or expense arises.

Effective Date of this Endorsement July 1, 1987 To form a part of Policy No NF-230

~~~~~~~~~~~~~~~- -~~~~~

12:01 A.M. Standard Time Public Service -Electric & Gas Company, Philadelphia Electric Co., Delmarva Issued to Power & Light Co., Atlantic City Electric Co.

Date of Issue September 1, 1987 For the Su.~JCribing companies

'r ~ .:

By~~____,,i_,;_:---'~/*-,*~*~~-~~----_-*_._**~*--~~~~-

0 General Manager Endorsement No 96

~~~~~~~~-

Countersigned by ~~~~~~~~~~~~~~-

NE - 22 b

NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENEll,GY LIABILITY UNDERWRITERS RESTORATION OF LIMIT OF LIABILITY ENDORSEMENT It is agreed t~at:

1. Payments made and expenses incurred by the companies under this policy have reduced, in accordance with Condition 3 of the policy, the limits of the-companies' liability stated in Item 4 of the Declarations and in all Increase of Limit of Liability Endorsements.

2. The limit of liability stated in Endorsement No. 76 which has been reduced is hereby restored to $ 36.000.000.00 This restored limit applies only with respect to obligations assumed or expenses incurred because of bodily injury or property damage caused by the nuclear energy hazard on or after the effective date of this endorsement.

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 reduc~

by the amount of such payment every limit of liability, regardless of which limit of liability applies with respect to the bodily injury or property damage out of which such loss or expense arises.

Effective Date of this Endorsement July 1, 19S 7 To form a part of Policy No. MF-90 Public Service Electric & Gas Company; Philadelphia Electric Co., Delmarva Issued to Power & Light Co .* Atlantic City Electric Co.

Date of Issue September 1, 1987 For the Subscribing Companies MOTDAL ATOMIC EllERGY LIABILITY ?llJlJl.ITJ!RJJ By ~~.~~

Endorsement No. 80 Countersigned by ME-22b ------ ~~~~~~~~~~~~~~~

Authorized Representative

./ .

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NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 1987 It is agreed that Items 1 and 2 of Endorsement No. 77 .... _':

are amended to read:

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $~~3_1_1~,5_8_1_.o_o~~~~

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: $~~23_6~'~1_2_6_.o_o~~~~-

Effective Date of this Endorsement January 1, 1987 To form a part of Policy No. MF-90 Public Service Electric & Gas Company, Philadelphia Electric Co., Delmarva Issued to Power & Light Co., Atlantic City Electric Co.

Date of Issue September 1, 1987 For the Subscribing Companies By ~~.

Endorsement No. 81 Countersigned by ~--------------~

Authorized Representative ME-36