ML20071P932
| ML20071P932 | |
| Person / Time | |
|---|---|
| Site: | Sequoyah  |
| Issue date: | 12/21/1982 |
| From: | Duck J MARSH & MCLENNAN, INC. |
| To: | Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP) |
| References | |
| NUDOCS 8212290150 | |
| Download: ML20071P932 (35) | |
Text
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%ush & McLennan, inc orporated 400 North Akard N:ect Dallas, Texas '5201 lelephone 214 742-t 941 December 21, 1982 1
/ , }T Mr. Jerome Saltzman 4 /
Assistant Director State & Licensee Relations Office of State Programs U. S. Nuclear Regulatory Commission Washington, D. C. 20555 Tennessee Valley Authority Sequoyah Nuclear Plant Secondary Financial Protection ANI and MAELU Certificates
Dear Jerry:
Enclosed are the below listed items pertaining to the ANI and MAELU Secondary Financial Protection Certificates of Insurance N-66, N-75, M-66 and M-75 for the Tennessee Valley Authority Sequoyah ITuclear Plant Excess Binders previously submitted to the NRC.
- 1. Two certified copies each of ANI Certificate N-66 (Pages 1-6) and Endorsements 1, 2 and 3.
- 2. Two certified copies each of ANI Certificate N-75 (Pages 1-6) and Endorsements 1 and 2.
- 3. Two certified copies each of MAELU Certificate M-66 (Pages 1-6) and Endorsements 1, 2 and 3.
- 4. Two certified copies each of MAELU Certificate M-75 (Pages 1-6) and Endorsements 1 and 2.
In accordance with instructions received from ANI, these Certificates together with the Endorsements fulfill the NRC requirement to provide evidence of Secondary Financial Protection for Sequoyah Nuclear Plant Units 1 and 2.
Should you have any questions, Jerry, please give me a call.
Very truly yours,
- n. r' q j
,f cu John R. Duck, Jr.
L6n &
Assistant Vice President M&M Nuclear Consultants cc: L. L. Snell J. R. Monahan j f/ enclosure 8212290150 821221 PDR ADOCK 05000327 PDR J
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'gg g NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION 55sD
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$h Certificate No. N 66 u ut Wx ?
[Egh g Forming Part of Master mu ;. :3:
gg g Policy No. 1
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== su E h. ,_ b$ CERTIFICATE OF INSURANCE
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ww DECLARATIONS AND U g&w$ UW3 es n a se E!!T. d & J T N BOND FOR PAYMENT OF PETROSPECTIVE PREMIOMS g' ga ,=, b erd Certificate of Insurance
-vE=E This is to certify that the persons and organizations designated in Item 1 of the Declarations are named insureds under the Master Policy -
Nuclear Energy Liability Insurance (Secondary Financial Protecticn),herein called the " Master Policy", issued by Nuclear Energy Liability Insurance Association. ,
Such insurance as is provided by the Master Policy applies, through this certificate, only:
(a) to the insureds identified in Items 1 and 2 of the Declarations, (b) for the certificate period stated in Item 6 of the Declarations, (c) to bodily injury or property damage '
(i) with respect to which the primary financial protection described in Item 4 of the Declarations would apply but for exhaustion of its limit of liability as described in Condition 6 of the Master Policy, and (2) which is caused during the certificate period stated in Item 6 of the Declarations by a nuclear incident arising out of or in connection with the nuclear reactor described in Item 3 of the Declarations, and NSFC-1 (1/1/83) Page 1 ;
3 L
(3) which is discovered and for which written claim is made against the insured not later than ten years after the end of the certificate period stated in Item 6 of the Declarations.
However, with respect to bodily injury or property damage caused by an extraordinary nuclear occurrence this subparagraph (3) shall not operate to bar coverage for bodily injury or property damage which is discovered and for which written claim is made against the insured not later than twenty years after the date of the extraordinary nuclear occurrence.
Declarations Item 1. Named insureds and addresses:
(a) Tennessee Valley Authority, 633 Chestnut Street, 660 Commerce Union Building, Chattanooga, Tennessee 37401 Item 2. Additional insureds:
Any other person or organization who would be insured under the primary financial protection identified in Item 4 of the Declarations but for exhaustion of the limit of liability of such primary financial protection.
Item 3. Description and location of nuclear reactor: Unit 1 of the Sequoyah Nuclear Plant located in Hamilton County, Tennessee.
Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit (s) of liability thereof:
Nuclear Energy Liability Insurance Association's
- Policy NF- 247 $108,500,000 Mutual Atomic Energy Liability Underwriters' Policy MF- 102 $ 31,500,000 Page 2 of Certificate No. N- 66
(b) The following endorsements, attached to the primary financial protection policies listed in Item 4 (a) also apply to the insurance afforded by the Master Policy through this certificate as though they were attached hereto:
(1) Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence)and (2) Supplementary Endorsement - Waiver of Defenses - Reactor Construction at the Facility, (c) The limits of liability provided under the primary financial protection specified in Item 4 (a) above are not shared with any other reactor except as follows:
Unit 2 of the Sequoyah Nuclear Plant.
Item 5. Limits of Liability: The amount of retrospective premium actually received by the companies plus the amount of the companies' con-tingent liability, if any, pursuant to Conditions 2, 3 and 4 of the ;
Master Policy.
l Item 6. Certificate Period: Beginning at 12:01 a.m. on February 29, 1980 and continuing to, the effective date and time of cancel _ i i
lation or termination of the Master Policy or this certificate, !
whichever first occurs, eastern standard time.
Item 7. Maximum retrospective premium (exclusive of allowance for premium taxes) (
payable pursuant to Condition 2 of the Master Policy with respect to !
each nuclear incident: $3,875,000.
f Item 8. Premium payable pursuant to Condition 1 of the Master Policy for the !
- t period from February 29, 1980 through December 31 following: (
l
$ 3,910.65 !
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Page 3 of Certificate No.N- 66 i
BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS Know All Men By These Presents, that the undersigned do hereby acknowledge that they are named insureds under the Master Policy described in the above Certificate of Insurance and Declarations. The named insureds do hereby covenant witt and are held and are firmly bound to the members of Nuclear Energy Liability Insurance Association subscribing the Master Policy (hereinafter called the " companies") to pay to the companies all retrospective premiums and allowances for premium taxes which shall become due and payable in accordance with the Master Policy, as it may be changed from time to tin'e, with interest on such premiums ar.d allowances for taxes to be computed at the rate provided in the Master Policy from the date pay-ment thereof is specified to be due the companies in written notice to the first named insured as provided ir. Condition 2 of the Master Policy until paid; And it is hereby expressly agreed that copies of written notices of retro-spective premiums and allowances for premium taxes due and payable or other evidunce of 'such amounts due and payable sworn to by a duly authorized representative of the companies shall be prima facie evidence of the fact and exter,t of the liability of the named insureds for such amounts; And it is further expressly agreed that the named insureds will indemnify the companies against any and all liability, losses and expenses of whatsoever kind or nature (including but not limited to interest, court costs, and counsel fees) which the companies may sustain or incur (1) by reason of the failure of the named insureds to comply with the covenants and provisions of this Bond and (2) in enforcing any of the covenants or provisions of this Bond, or any provisions of the Master Policy relating to such covenants or provisions; For the purpose of recording this agreement, a photocopy acknowledged before a Notary Public to be a true copy hereof shall be regarded as an original.
1 1
Page 4 of Certificate No. ik
The preceding Certificate of Insurance, Declarations and Bond form a part of the Master Policy. Cancellation or termination of the Master Policy or the Certificate of Insurance shall not affect the named insured's obligations under the policy or the Bond to pay the retrospective premiums
. and allowances for premium taxes, as provided in this Certificate and Condition 2 of the Master Policy.
IN WITNESS WHERE0F, the named insureds have caused this Certificate, .
these Declarations and tnis Bond for Payment of Retrospective Premiums, to be signed and sealed by a duly authorized officer, to be effective February 29, 1980 eastern standard time.
Attest or Witness Named Insureds: . .
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Tennessee Valley Authority ,
(Named Insured - Type or Print) ,
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A8d813CI S C:f. G (Signature) . \& . '.
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L. L. Snell, Contractin'g Officer * '.
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(Type or Print Name & Title)' ' '
Date: m/2 / 7
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(Named Insured - Type or Print)
By -
(SEAL)
(Signature of Officer)
(Type or Print Name & Title of Officer)
Date:
(Hamed Insured - Type or Print)
By (SEAL)
(Signature of Officer)
(Type or Print Name & Title of Officer)
Date:
Page 5 of Certificate No.N-66_
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IN WITNESS WHEREOF, the companies subscribing the Master Policy have caused the Certificate of Insurance and the Declarations to be signed on their behalf by the President of Nuclear Energy Liability . Insurance Association to be effective February 29,1980 eastern standard time, and countersigned below by a duly authorized representative.
Attest or Witness For the Subscribing Companies of
., NUCLEpENERGYLIABILITYINSURANCEASSOCIATION
'% . Ow T'
, _ '~ BY: Md Butt C. Proom, President Cour.tersigned by 7AuthorizedRepresentative) e i
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Page 6 of Certificate No. N-66 k
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Nuclear Energy Llability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. N-66 Forming Part of Master Policy No.1 Nuclear Energy Liability Insurance (Seconda'ry Financial Protection)
_ ANNUAL PREMIUM ENDORSEMENT It is agreed that the Annual Premiums applicable to the periods designated below are as follows:
For Calendar Year 1978 Effective Date January 1,1978 Annual Premium N/A For Calendar Year 1979 Effective Date January 1,1979 Annual. Premium N/A For Calendar Year 1980 Effective Date February 29,1980 Annual Premium $3.910.65 For Calendar Year 1981 Ef fective Date January 1,1981 Annual Premiun $4,650.00 9
For Calendar Year 1982 Effectlyc pat, ya '
Annual Premium $4 65 00
.r a s copy of thei goriginal made part This is to certit'y that thir.112
- r. aa, nd t.la eMo. ..c .2 auber and be nlicy (Facility Form) as Endorco e 'f rded hereur er.
of the Nuclear inerdy Liaciin,/ toignated hereo s.r Pde*MN#43'A 1 John 1. Qu v o n ,e3WmNuclearW.rera Ef fective Date of this Endorsement as stated above To form a part of Certificate No. N-66 12:01 A.M. Standard Time Issued to Tennessee Vallev Authority Date of issue necember 15.14R2 "*'" " * '"'**
By__/ I
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Endorsement No Countersigned by .
NE-S-3
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Nuclear Energy Llability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. N-66 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)
It is agreed that Item 4.(a) of the Declarations is amended to read as follows:
Item 4.(a) Identification of primarv financial protection _
applicable to the nuclear reactor and limit (s) of liability thereof:
Nuclear Energy Liability Insurance Association's Policy NF-247 $124,000,000 Mutual Atomic Energy Liability Underwriters' Policy MF 102 S 36,000,000 This is to certify that this in a true copy of the original Endorsement having the endornement nuabor and being made part of the Lt.:lx.r Caergy Liability Policy (Fao111ty Porm) as des-ignated hereon. No Insurance is afforded hereunder.
S. riting ?
J4nL. %ahl. N iwsident.Liabili Amerkan Nudear Imra EffIctive Date of this Endorsement May 1. 1979 N-66 To form a part of Certificate No.
12:01 A.M. Standard Time issusd to Tennessee Valley Authority ecember 15,1%2 Dat3 of issue For the su icribing co panies By v General Manager End:rsement No - 2 Countersigned by NE-S-2
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Nuclear Energy Liability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT Calendar Year 1983 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 4,650.00 .
This is to certify that this is a true copy of the original Endor.ser.ont having the endoc :oac.i.: 1 Liacr and bni,g mado part of the Nuclear Energy Liabilitj fo; . c i (Facility Por:aj ac des-ig tod hereon. No Insurance ; allorded hereunder.
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n LMy Underwnung Effective Date of N-66 inis Enoorsement 11anua rv 1.1983 To forrn a part of Certificate 12:01 A.M. Standard Time issued to Tennessee Valley Authori ty Date of issue December 15, 1982 For the su ICribing Co panies By lA
/# General Manager 3 countersioned by Endorsement No ,
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- >' -o g- s zhN NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION
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gy , Certificate No. N- 75 gG d L M g$$$g p y . Forming Part of Master
< Si 2 > 3 e$y $ u, Policy No. 1 Ess!
mEs0-si 0 5s CeRTIrICATE Or INSURANCE a = s ,N ttE$$* . sea"y$ DECLARATIONS AND EmB z8 U W ", 2 u.
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- M nd" BOND FOR PAYMENT Or RETROSPECTIVE PREMIUMS 9623I 4 BE 03 e g ,=, m 3 E g g Certificate of Insurance E b a EE 8><
This is to certify that the persons and organizations designated in Item 1 of the Declarations are named insureds under the Master Policy -
Nuclear Energy Liability Insurance (Seccndary Financial Frotection),herein called the " Master Policy", issued by Nuclear Energy Liability Insurance Association. .
Such insurance as is provided by the Master Policy applies, through this certificate, only:
(a) to the insureds identified in Items 1 and 2 of the Declarations, (b) for the certificate period stated in Item 6 of the Declarations, (c) to bodily injury or property damage '
(1) with respect to which'the primary financial protection described in Item 4 of the Declarations would apply but for exhaustion of its limit of liability as described in Condition 6 of the Master Policy, and (2) which is caused during the certificate period stated in Item 6 of the Declarations by a nuclear incident arising out of or in connection with the nuclear reactor described in Item 3 of the Declarations, and NSFC-1 (1/1/83) Page 1
(3) which is discovered and for which written claim is made against the insured not later than ten years after the end of the certificate period stated in Item 6 of the Declarations.
However, with respect to bodily injury or property damage caused by an extraordinary nuclear occurrence this subparagraph *
(3) shall not operate to bar coverage for bodily injury or property damage which is discovered and for which written claim is made against the insured not la'ter than twenty years after the date of the extraordinary nuclear occurrence.
Declarations Item 1. Named insureds and adjresses:
(a) Tennessee Valley Authority, 633 Chestnut Street, 660 Commerce Union Building, Chattanooga, Tennessee 37401 .,
Item 2. Additional insureds: ,
Any other person or orgar}ization who would be insured under the primary financial protection identified in Item 4 of the Declarations but for exhaustion of the limit of liability of such primary financial protection.
Item 3. Description and location of nuclear reactor: Unit 2 of the Sequoyah *Nuclear Plant located in Hamilton County, Tennessee.
Item 4. (a) Identification of primary financial protection applicable to :
the nuclear reactor and limit (s) of liability thereof:
Nuclear Energy Liability Insurance Association's Policy NF-247 $124.000,000 Mutual Atomic Energy Liability Underwriters' Policy MF-102 $ 36,000,000 l
i Page 2 of Certificate No. H-75 l
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(b) The follow ng endorsements, attached to the primary i
financial protection policies listed in Item 4 (a) also apply to the insurance afforded by the Master Policy through this certificate.as though they were attached hereto:
(1) Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2) Supplementary Endorsement - Waiver of Defenses - Reactor Construction at the Facility, (c) The limits of liability provided under the primary financial protection specified in Iten 4 (a) above are not shared with any other reacter except as follows:
Unit 1 of the Sequoy.h Nuclear Plant.
Item 5. Limits of Liability: The amount of retrospective premium actually received by the companies plus the amount of the companies' con-tingent liability, if any, pursuant to Conditions 2, 3 and 4 of the Master Policy.
Item 6. Certificate Period: Beginning at 12:01 a.m. on June 25, 1981 and continuing to, the ' effective date and time of cancel.
lation or termination of the Master Policy or this certificate, ,
whichever first occurs, eastern standard time.
Item 7. Maximum retrospective premium (exclusive of allowance for premium taxes) payable pursuant to Condition 2 of the Master Policy with respect to each nuclear incident: $3,875,000.
Item 8. Premium payable pursuant to Condition 1 of the Master Policy for the period from June 25, 1981 through December 31 following:
$_f ,422.65 Page 3 of Certificate No.N- 75
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BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS Knos ;.1 Men By These Presents, that the undersigned do hereby acknowledge that they are named insureds under the Master Policy described in the above Certificate of Insurance and Declarations. The named insureds do hereby covenant with and are held and are firmly bound to the members of Nuclear Energy Liability Insurance Association subscribing the Master Policy (hereinafter called the " companies") to pay to the companies all retrospective premiums and allowances for premium taxes which shall become due and payable in accordance with the Master Policy, as it may be changed from time to time, with interest on such premiums and allowances for taxes to be computed at the rate provided in the Master Policy from the date pay-ment thereof is specified to be due the compcnie, in writ *.en notice to the first named irsured as provided in Condition 2 of the Master Policy until paid; And it is hereby expressly agreed that copies of written notices of retro-spective premiums and allowances for premium taxes due and payable or other evidence of'such amounts due and payable sworn to by a duly authorized representative of the companies shall be prima facie evidence of the fact and extent of the liability of the named insureds for such amounts; And it is further expressly agreed that the named insureds will indemnify the companies against any and all liability, losses and expenses of whats6ever kind or nature (including but not limited to interest, court costs, and counsel fees) which the companies may sustain or incur (1) by reason of the failure of the named insureds to comply with the covenants and provisions of this Bond and (2) in enforcing any of the covenants or provisions of this Bond, or any provisions of the Master Policy relating to such covenants or provisions; For the purpose of recording this agreement, a photocopy acknowledged before i
a Notary Public to be a true copy hereof shall be regarded as an original.
( Page 4 of Certificate No. N- 75 1
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's The preceding Certificate of Insurance, . Declarations and Bond form a part of the Master Policy.
Cancellation or termination of the Master Policy or the Certificate of Insurance shall not affect the named insured's obligations under the policy or the Bond to pay the retrospective premiums
. and allowances for premium taxes, as provided in this Certificate and Condition 2 of the Master Policy.
IN WITNESS WHERE0F, the. named insureds have caused this Certificate, these Declarations and this Bond for Payment of Retrospective Premiums, to be signed and sealed by a duly authorized officer, to be effective June 25,1981 ~
eastern standard time.
Attest or Witness tiamed Insureds:
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TennesseeValleyAuthorith x,.
(NamedInsered-TypeporPrint) .
g-m M zLv By / (8 (SEAL)'
A&&l8!El 33CisiSI) (Signature)' \ ' o n ' '
'cg ..i L. L. Snell, Contracting Officer....+ ,
(Type or Print flame & Title)- ~
Date: /o[2 y S2 (flamed Insured - Type or Print)
By -
.(SEAL)
(Signature of Officer)
(Type or Print flame & Title of Officer)
Date:
(Named Insured - Type or Print)
By (SEAL) ,
(Signature of Officer) '
(Type or Print Name & Title of Officer) .
Date:
i Page 5 of Certificate No.N-75 j
, - .*l' IN WITNESS WHEREOF, the companies subscribing the Master Policy have caused the Certificate of Insurance and the Declarations to be signed on their behalf by the President of Nuclear Energy Liability Insurance Association to be effective June 25, 1981 castern standard time, and countersigned below by a duly authorized representative.
Attest or Witness For the Subscribing Companies of NUCL 41 ENERGY L.! ABILITY INSURANCE ASSOCIATION
, M .( I BY:
"I ' ' Burt C. Proom, President 4
Countersigned by (Authorized Representative) *
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4 Page __6_ of Certificate No. N- 75
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Nuclest Energy Liability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. N-75 Forming Part of Master Policy No.1 Nuclear Energy Liability Insurance (Seconda'ry Financial Protection)
ANNUAL PREMIUM ENDORSEMENT It is agreed that the Annual Premiums applicable to the periods designated belcw are as follows:
For Calendar Year 1978 Effective Date January 1, 1978 Annual Premium N/A For Calendar Year 1979 Ef fective Date January 1,1979 Annual Premium N/A For Calendar Year 1980 Ef fective Date January 1,1980 Annual Premium N/A For Calendar Year 1981 Effective Date June 25, 1981 Annual Premium $2,422.65 9
For Calendar Year 1982 Ef fective Date January 1,1982 Annual Premium $4,650.00 Thi; : 'o 'r+!u that this is a true copy of the oricinal En a t '; the endoraezent number and boi g ; .30 part c- < _ _ iurgy Liability Policy (Facility Foa , as des-i iv.. . . noccoa. No Insuranco is afforded here der.
J< 1.n 1. W och Arrxra.n hw. lear Insamru Effective Date of this Endorsement as stated above To form a part of Certificate No. N-75 issued to Teririessee Vallefdukh"o'rN['"
December 15, 1982 For the su> scribing co panies Date of issue By __,) c.n..., .n...,
l Endorsement No 1 Countersigned by ,
l NE-S-3 L
e Nuclear Energy Webility insurance NUCLEAR ENEMGY LIABILITY INSURANCE ASSOCIATION ANNUALPREMIUMEND0lkSEMENT Calendar Year 1981 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 4,650.00 .
Tnla is to certiry uac tnie, t. .. , sup/ or Inu original ,
Endorsement having tha endorce eat .iduor and being made part of the Nuclear Energy LiabiliL/ Policy (Facility Form) as des-ignated hereon. No Insuran is afforded hereunder.
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- can 7j President Limbility Underwriting l
i Effective Date of inis Encorsement ila nua ry 1. 1983 To form a part of Certificate N-75 12:01 A.M. Standard Time issued to Tennessee Valley Authority For the su LCribin0 co panies Date of lasue December 15. 1982 By IA
/I General Manager Endorsement No Countersioned by ,
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E 1 9 j MUTUAL ATOM.!C ENERGY LIABILITY UNDERWRITERS S
gg 8-f Certificate No. M- 66 8525
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g Forming Part of Master
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i Policy No. I syEE"g m :' E E
$3gg CERTIFICATE OF INSURANCE
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g 9g8a@e egg BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS U df .2 V f6$F- Certificate of Insurance
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"This Is#[o t certify that the persons and organizations designated in Item 1 of the Declarations are named insureds under the Master Policy -
Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the " Master Policy", issued by Mutual Atomic Energy Liability Underwri ters.
Such insurance as is provided by the Master Policy applies, through this certificate, only:
(a) to the insureds identified in Items 1 and 2 of the Declarations, (b) for the certificate period stated in Item 6 of the Declarations, (c) to bodily injury or property damage (1) with respect to which the primary financial protection described in Item 4 of the Declarations would apply but ior exhaustion of its limit of liability as described in Condition 6 of the Master Policy, and (2) which is caused during the certificate period stated in Item 6 of the Declarations by a nuclear incident arising out of or in connection with the nuclear reactor described in Item 3 of the Declarations, and MSFC-1 (1/1/83) Page 1
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.( .C (3) whic.h is discovered and for which' wr,itt$b .,4 i laim ,h'Nade- ,s
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against the insurhd notMater th \ <in, ten years af ter the ent\
- of the certificate perich/sthSel in Item 6 ofl he' t Declarations.
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,s However, with respect to bod _i_19' injury or property damage caused by an extraordina nuclear' occurrence this subpar $ graph (3) shall not cherate to bar coverage for bodily injury or property damage; which is disco'vered and for which written claim is made against the insure _d_' not later than. twenty years after the date of the extraordinary nuclear occurrence.
Declara tions .
Item 1. f(amed insureds and addresses:
(a) Tennessee Valley Authority.- 633 Chestnut Street, 660 Commerce Union
~
Building, Chattanooga, Tennessee 37401 Item 2. Additional insureds:- '
Any other person or organization who would be insured under the primary financial protection identified in Item 4 of the beclarations but for exhaustion of the 1imit of 1iability of, such primary financial 1
protection. -
Item 3. Description and location.of nuclear reactor: Unit 1 of the Sequoyah Nuclear Plant located in H.amjlton County, Tennessee.
Item 4. (a) Identification of primary financial protection applicable to l.
the nuclear reactor and' limit (s) of liability thereof:
fluclear Energy Liability Insurance Association's
. Policy itF- 247 $108,500,000 liutual Atomic Energy Liability Underwriters' '
Policy fiF- 102 $ 31,500,000 l
' ~'
Page 2 of Certificate fio. fi- 66 y , m. _ _- . ---p _ , - -- -g - '
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(b) The following endorsements, attached to the primary financial protection policies listcd in Item.4 (a) also
~
apply to the insurance afforded by the Mastar Policy through this certificate as though they were attached hereto:
(1) Waiver of Defenses Endorsement (Extraordinary fluciear Occurrence) and (2) Supplementary Endorsement - Waiver of Defenses - Reactor Construction at the Facility, (c) The limits of liability provided under the primary financial protection specified in Item 4 (a) above are not shared with any other reactor except as follows:
Unit 2 of the Sequoyah Nuclear Plant Item 5. Limits of Liability: The amount of retrospective premiun actually received by the companies plus the amount of the companies' con-ti'ngent liability, if any, pursuant to Conditions 2, 3 and 4 of the Master Policy.
Item 6. Certificate Period: Beginning at 12:01 a.m. on February 29, 1980
~
! and continuing to the effective date and time of cancellation or termination of the Master Policy or this certificate, whichever first occurs, eastern standard time.
Item 7. Maximum retrospective premium (exclusive of allowance for premium taxes) payable pursuant to Condition 2 of the Master Policy with respect to each nuclear incident: $1,125,000 Item 8. Premium payable pursuant to Condition 1 of the Master Policy for the period from February 29, 1980 through December 31 following:
$ 1,135.35 Page 3 of Certificate flo. M- 66
.[ - BONDFORPAYMENT5FRETROSPECTIVEPREMIUMS Know All Men By These Presents, that the undersigned do hereby acknowledge that they are named insureds under the Master Policy described in the above Certificate of Insurance and Declarations. The named insureds do hereby covenant with and are held and are firmly bound to the members of Mutual Atomic Energy Liability Underwriters subscribing the Master Policy. (here-inafter called the " companies") to pay to the companies all retrospective premiums 'and allowances for premium taxes which shall become due and payable. -
in accordance with the Master Policy, as it may be changed from time to time, with interest on such premiums and allowances for taxes to be computed at the rate provided in the Master Policy from the date payment thereof u specified to be due the companies in written notice to the first named insured as provided in Condition 2 of the Master Policy until paid; And it is hereby expressly agreed that copies of written notices of retro-spective premiums and allowances for premium taxes due and payable or other evidence of such amounts due and payable sworn to by a duly authorized representative of the companies shall be prima facie evidence of the fact and extent of'the liability of the named insureds for such amounts; And it is further expressly agreed that the named insureds will indemnify the companies against any and all liability, losses and expenses of whatsoever kind or nature (including but not limited to interest, court costs, and counsel fees) which the companies may sustain or incur (1) by reason of the failure of the named insureds to comply with the covenants and provisions of this Bond and (2) in enforcing any of the covenants or provisions of this Bond, or any provisions of the Master Policy relating to such covenants or provisions; For the purpose of recordii.9 this agreement, a photocopy acknowledged before a Notary Public to be a true copy hereof shall be regarded as an original.
Page 4 of Certificate No. M- 66
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The preceding Certificate of Insurance, Declarations and Rond fenn a part of the Master Policy. Cancellation or termination of the Master Policy or the Certificate. of Insurance shall not affect the' named insured's
-obligations under the policy or the Bond to pay the retrospective premiums and allowances for premium taxes, as provided in this' Certificate and
~
Condition 2 of the Master Policy. ,
IN WITNESS WHEREOF, the named-insureds have caused this Certificate, j . these Declarations and this Bond for Payment of Retrospective Premiums, ,
to be signed and sealed by a duly authorized officer, to be effective '
. February 29, 1980 eastern standard time. ,,,,, ,"
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Tennessee Valley Nthority #
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(Signature) -
(Type or Print Name & Title)
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! (Signa ture ) .
, (Type or Print Name & Title)
, Date:
i- Page 5 of Certificate No. M_- 66_
IN WITNESS WHERE0F, tha companics subscribing tha Master Policy have caused the Certificate of Insurance and the Declarations to be signed on their behalf by Mutual Atomic Energy Liability Underwriters to be effective February 29, 1980 eastern standard time, and countersigned below by a duly authorized representative.
Attest or Witness For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS M BY: .D . Ow_b " ' ~ " ~
g Agorized Agent .
Countersigned by (Authorized Representative)
Subscribing Companies PROP 0RTION OF 100%
American Mutual Liability Insurance Company, Wakefield, MA 15.0000000 Employers Insurance of Wausau, A Mutual Company, Wausau, WI 15.0000000 Liberty Mutual Insurance Company, Boston, MA 30.0000000 Lumbermens Mutual Casualty Company, Long Grove, IL 30.0000000 Michigan Mutual Insurance Company, Detroit, MI 5.0000000 Sentry Insurance, A Mutual Company, Stevens Point, WI 5.0000000 1
Page 6 of Certificate No. M- 66 )
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NUCLEAR ENERGY LIABillTY INSURANCE -
MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ENDORSEMENT TO CERTIFICATE N0. M-66 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)
ANNUAL PREMIUM ENDORSEMENT t,
~ B, 5 It is agreed that the Annual Premiums applicable to the periods g ,g a designated below are as follows:
UE7 teg, For Calendar Year 1978 oSAy Effective Date January 1,1978
- .8 D 5T Annual Premium N/A
-3 D 3$a :$ For Calendar Year 1979 R g g 'E [ Effective Date January 1,1979 8gL e ou j
o Annual Premium N/A E5% $ For Calendar Year 1980 8S j Effective Date February 29, 1980 l233 e
2 .
2 E
Annual Premium $1,135.35 5e 58 8
]'- e For Calendar Year 1981 Effective Date January 1, 1981 i; 2 " E Annual Premium $1,350.00 5 a 45 al E
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- lj a
M$o For Calendar Year 1982 bhf9 i 5W
- Effective Date January 1,1982 jj -@
- j Annual Premium $1,350.00 0 % .
- 4 B $
mOil *s E'tf
- E*3 5E?$
Ehective Date of To form a part M this Endorsement as stated above of Certificato Me Issue to Tennessee Valley Authority December 15, 1982 Date of Isaua For the Subscribing Companies M UAL ATOMIC ENERGY LIApILITY U ERWRITERS t BY
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Endorsement No. 1 Counternignc<l by --
ME-S-3
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, , NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ENDORSEMENT TO CERTIFICATE N0. M-66 Forming Part of Master Policy No.1 Nuclear Energy Liabi'ity Insurance (Secondary Financial Protection)
It is agreed that Item 4.(a) of the Declarations is amended to read
- 4 as follows:
wa U4
$0 Item 4. (a) Identification of primary financial protection
$ ,! j applicable to the nuclear reactor and limit (s) o oso 5 # % Ei *a of liability thereof:
%$00 1 x 3.8 8'
U hg
.,y.
y Nuclear Energy Liability Insurance Association's
[' k 3 Policy NF- 247 $124.000,000
- 6i22 d
a xn i
%" ,, Mutual Atomic Energy Liability Underwriters' O{5,8
$8 ht 5 <; ; g
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Policy MF- 102 $36,000,000 NE h5 5s$b- e. g x 9 S .o D $ 5 ~'
t .a b 8 fl J.
It E*e2 4<
B$E2 m a 2 Effective Date of To form a part
- E o this Endorsement May 1. 1979 of Certificato No M-66 30 5 d si D m{ ue to Valley Authority Tennessee Date of Issua December 15. 1982 For the Subscribing Companies
. M ERWitITERS UAL ATOMIC ENEltGY LIAJIILITY U ny t - -
Ob%
vkt Endoraement No. Counternigncil by =
A orn .om. n.:nw.4 :rmme:
ME-S-2
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4 NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Year 1983 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,350.00 .
This la to cortify that this is a tr"a copy of the original ar and boiae nade part Endorsement having tiie enico a of the Haclear Enorjy Lia c. , ro. (Facility Foral no des-ignated hereon. lio Insurance 1.3 allordt.d herounder.
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John L. Quattrecchi, Vice President Liability Underwriting American Nuclear Insurers Effective Date of To form a part this Endorsement January 1,1983 of Certificate No. M-66 Isaue to Tennessee Valley Authority Date of Isaue December 15, 1982 For the Subscribing Companies Ml; 'l1AI, ATOMIC ENEltGY LI A IILITY LF 0EllWitITEllS l
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i l Encloraement No. 3 Countersigne.1 by _
Aurusmune Hmautw ramr.
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j MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS g g .-
E ~f 88 Certificate No. M- 75 bh ue M N g Forming Part of Master
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$ Policy No. 1 Hz <z vu
$2,go y +*
- m g CERTIFICATE OF INSURANCE tEEE EE q ,z p '
DECLARATIONS AND ge p6 6" a u. -g ao BOND FOR PAYMENT OF RETROSPECTIVE PREMIUMS
$$ mEudh<hE E8E E E gi73Eg xf6 Certificate of Insurance GEmaI z
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h5'ThW Ts to certify that the persons and organizations designated in Item 1 of the Declarations are named insureds under the Master Policy -
Nuclear Energy Liability Insurance (Secondary Financial Protection),herein called the " Master Policy", issued by Mutual Atomic Energy Liability Underwriters.
Such insurance as is provided by the Master Policy applies, through this certificate, only:
(a) to the insureds identified in Items 1 and 2 of the Declarations, (b) for the certificate period stated in Item 6 of the Declarations, (c) to bodily injury or property damage (1) with respect to which the primary financial protection described in Item 4 of the Declarations would apply but for exhaustion of its limit of liability as described in Condition 6 of the Master Policy, and (2) which is caused during the certificate period stated in Item 6 of the Declarations by a nuclear incident arising out of or in connection with the nuclear reactor described in Item 3 of the Declarations, and l
MSFC-1 (1/1/83) Page 1
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(3) which is discovered and for which written claim is made against the insured not later thari~ ten years af ter the end of the certificate period stated in Item 6 of the Declarations.
However, with respect to bodily injury or property damage caused by an extraordinary nuclear occurrencq this subpara" graph (3)-shall not operate to bar coverage for bodily injury or property damage which is discovered and for which written claim is made against the insured not later than twenty years
~
after the date of the extraordinary nuclear occurrence.
Declara tions
- - - Item 1. Named insureds and addresses:
(a) Tennessee Valley Authority, 633 Chestnut Street, 660 Commerce Union Building, Chattanooga, Tennessee 37401 ,
Item 2. Additional insureds:-
- Any other person or organization who would be insured under the primary financial protection identified in Item 4 of the Declarations but for exhaustion of the limit of liability of such primary financial protection.
Item 3. Description and location of nuclear reactor: Unit 2 of the Sequoyah Nuclear Plant located in Hamilton County, Tennessee.
Item 4. (a) Identification of primary financial protection applicable to the nuclear reactor and limit (s) of liability thereof:
Nuclear Energy Liability Insurance Association's Policy NF-247 $124,000,000 Mutual Atomic Energy Liability Underwriters' Policy MF-102 $ 36,000,000 ;
i Page 2 of Certificate No. M7 r, f
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(b) The following endorsements, attached to the primary financial protection policies list'ed in item 4 (a) also apply to the insurance afforded by the Master Policy through this certificate as though they were attached hereto:
(1) Waiver of Defenses Endorsement (Extraordinary Nucl' ear Occurrence) and (2) Supplementary Endorsement - Waiver of Defenses - Reactor Construction at the Facility.
(c) The limits of liability provided under the primary financial protection specified in Item 4 (a) above are not shared with any other reactor except as follows:
Unit 1 of the Sequoyah Nuclear Plant.
Item 5. Limits of Liability: The amount of retrospective premium actually received by the companies plus the amount of the companies' con-ti'ngent liability, if any, pursuant to Conditions 2, 3 and 4 of the Master Policy.
Item 6. Certificate Period: Beginning at 12:01 a.m. on June 25, 1981 and continuing to the effective date and time of cancellation s
or tennination of the Master Policy or this certificate, whichever first occurs, eastern standard time.
Item 7. Maximum retrospective premium (exclusive of allowance for premium taxes) payable pursuant to Condition 2 of the Master Policy with respect to each nuclear incident: $1,125,000 Item 8. Premium payable pursuant to Condition 1 of the Master Policy for the period from June 25, 1981 through December 31 following:
$ 703.35 Page 3 of Certificate No. M-75
- 5. f ** 1
- ~. .
BOND FOR PA MENT OF RETROSPECTIVE PREMIUMS - t, Know All Men By These Presents, that the undersigned do hereby acknowledge that they are named insureds under the Master Pol-icy described in the above Certificate of Insurance and Declarations. The named insureds do hereby covenant with and are held and are firmly bound to the members of Mutual Atomic Energy Liability Underwriters subscribing the Master Policy (here-inafter called the " companies") to pay to the companies all retrospective premiums and allowances for premium taxes which shall become due and payable in accordance with the Master Policy, as it may be changed from time to time, with interest on such premiums and allowances for taxes to be computed at the rate provided in the Master Policy from the date payment thereof is specified to be due the companies in written notice to the first named insured as provided in Condition 2 of the Master Policy until paid; And it is hereby expressly agreed that copies of written notices of retro-spective premiums and allowances for premium taxes due and payable or other evidence of such amounts due and payable sworn to by a duly authorized representative of the companies shall be prima facie evidence of the fact
, and extent of the liability of the named insureds for such amounts; And it is further expressly agreed that the named insureds will indemnify the companies against any and all liability, losses and expenses of whatsoever kind or nature (including but not limited to interest, court costs, and counsel fees) which the companies may sustain or incur (1) by reason of the failure of the named insureds to comply with the covenants and provisions of this Bond and (2) in enforcing any of the covenants or provisions of this Bond, or any provisions of the Master Policy relating to such covenants or provisions; For the purpose of recording this agreement, a photocopy acknowledged before a Notary Public to be a true copy hereof shall be regarded as an original.
Page 4 of Certificate No. M- 75
,- .r-The preceding Certificate of Insurance, Declarations and Bond fonn a part -
of the Master Policy. Cancellation or termination of the Master Policy or the Certificate of Insurance shall not affect the named insured's obligations under the policy br the Bond to pay the retrospective premiums and allowances for premium taxes, as provided in this Certificate and Condition 2 of the Master Policy.
IN WITNESS WHEREOF, the named insureds have caused this Certificate, these Declarations and this Bond for Payment of Retrospective Premiums, to be signed and sealed by a duly authorized officer, to be effective June 25,1981 eastern standard time.
, Tennessee Valley Authoritv >i '
(Named Insured - Type,or Print) ' ,
Nm~ -# /L .
t By . pf (SEA )' ', -
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Ashtml Sacratay (Signature) g., ,
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L. L. Snell, Contra tiitg Officer'g6 ( ',
(Type or Prin$ Name & Tit 1,b)( ' yy'((, .E Date: /O[2P/g2- ' '
(tiamed Insured - Type or Print)
By (SEAL.)
(Signature)
(Type or Print flame & Title )
Date:
1 (llamed Insured - Type or Print)
By (SEAL)
(Signature)
~
(Type or Print flame & Title )
Date:
Page 5 of Certificate rio. M_- 15_
..M** . . .
IN WITNESS WHERE0F, th2 companics subscribing ths Master Policy have i '
caused the Certificate of Insurance and the Declarations to be signed on their behalf by Mutual Atomic Energy Liability Underwriters to be effective June 25,1981 eastern standard- time, and countersigned below by a duly authorized representative.
Attest or Witness For the Subscribing Companies of MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITER
\
<h A BY: .D .b hd "
_/
ghorized Agent"
~ ~
Countersigned by (Authorized Representative)
Subscribing Companies PROPORTION OF 100%
American Mutual Liability Insurance Company, Wakefield, MA 15.0000000 Employers Insurance of Wausau, A Mutual Company, Wausau, WI 15.0000000
- Liberty Mutual Insurance Company, Boston, MA 30.0000000 Lumbermens Mutual Casualty Company, Long Grove, IL 30.0000000 Michigan Mutual Insurance Company, Detroit, MI 5.0000000 Sentry Insurance, A Mutual Company, Stevens Point, WI 5.0000000 j
Page 6 of Certificate No. MJS ,
- r. NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL. ATOMIC ENERGY LIABILITY UNDERWRITERS ENDORSEMENT TO CERTIFICATE N0. M-75 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)
%E et n' oO ANNUAL PREMIUM ENDORSEMENT hE It is agreed that the Annual Premiums applicable to the periods
- 0a designated below are as follows:
o$kd a awis For Calendar Year 1978 5$%9 .{ Effective Date January 1,1978
%gyy j Annual Premium N/A xuea 8' 8 h
%(f h For Calendar Year 1979 9g?2
, p Effective Date January 1,1979 gj;4 y' Annual Premium N/A 4'
s iR t .'
d n x= 1 For Calendar Year 1980 0Ed",
moOg g jt Effective Date January 1,1980
, e Annual Premium N/A 5 $ 'S 2 5$
y ,3g [.jg For Calendar Year 1981
.5 tgc o '; o jy g-g Effective Date Annual Premium June 25, 1981
$ 703.35 b: 0 *.
e#
sue 7l d For Calendar Year 1982 Effective Date January 1,1982
}g O N}28j'C1
$ Annual Premium $1,350.00
- E*3
?E 0 rE o a$
Effective Date of To form a part this Endorsement as stated above of Certificon nn M-75 y
Temiessee Valley Authority December 15, 1982 Date of Issua For the Subscribing Companies M ERWRITERS UAL ATOMIC ENERGY LIAJ3tLITY U By - f
-m Y s y -
l Endoraement No.
I Counternigned by I A tiratoutt.6:ts Ho:aler46:fdTAf TVD; l ME-S-3 i
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NUCLEAR ENERGY LIABILITY INSURANCE MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS ANNUAL PREMIUM ENDORSEMENT Calendar Year 1983 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 1,350.00 .
This is to certify that this in a tmo copy of the original Endorsenent having t la cr 4'r .. er and being made part of the Nuclear Enercy .~2 L .. . - roi. b icility Form) as des-Ignated hereon. No Insurar.co ia t.11erdud hereunder.
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Effective Date of To form a this Endorsement January 1,1983 rt of Certi[icate No. M-75 Isauc to Tennessee Valley Authority Date of Inauo December 15, 1982 For the Subscribing Companies ML UAI, ATOMIC ENEltGY LI AJlli,ITY U 'J 3 BitWillTEllS
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Endoracment No. 2 Counti r.signeel by ..
A orni.iom. neriium r4 rn e:
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