ML20002C165
| ML20002C165 | |
| Person / Time | |
|---|---|
| Site: | Crane  |
| Issue date: | 01/06/1981 |
| From: | Quattrocchi J AMERICAN NUCLEAR INSURERS |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8101090496 | |
| Download: ML20002C165 (2) | |
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LIA9UTY LNDERWP! TING CEPARTMENT cmLCuomeum vo3 mescent v
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sunic.encou.cecu 6.s.d.at January 6, 1981 Mr. Ira Dinit::, Indemnity Specialist Utility Finance Branch Division of Engineering Ofiice Of Nuclear Reactor Regulation a
U.S. Nuclear Regulatory Commission Washington, D.C.
20555 Re: Refund of Reserve Premitn for 1970
Dear Ira:
Here is a copy of the August 7th Press Release announcing premitn refunds of approximately $850,000 or 28% of the reserve premitn collected in 1970.
As is indicated in the Release, the refunds were based on the pools' experience during the ten year period 1969 through 1979 and therefore include the T31I incident.
'ery truly yours, O
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Jo L. Quattrocchi Vice President, Liability Underwriting JLQ/dh Att.
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INSUFIRS ANNOUNCE PRD!II.M PIIThT>
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TO NUCIIAR PO*4ER PL/SI OIERATORS dr:0 a-m:d
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.:j-3fh liar *TORD. Auguct 7 -- Insurance prcmit=2 refunds totaling nearly SP.50,000 iO~/d iMf5 have b en mmt to opersters of nuc1csr powcr plants and related facilities, it
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.w lYliS was announced today-by Burt C. Proctn. nresident of A=crican Nuclear In=urcrs us:r-:q sm riy3q USI).
z'4Kd sor n;g The refunda cre part of the Industry Credit Itatinr. Plan operated by the i.'7 61 g%fj two nucluse incursnce pools, ANI and the Hutual Ato=ic Energy Liability Under-4I3
.Mj writers (MAELU). accordin; to Mr. Proo:t.
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.Wj pjj mium is p1sced in a reserve fund. This fund in used only to pay clsic: =nd
$b rpys claim expensen. Af ter a ten-year period, the unusert portion of the rcncrve W.nd
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fund is retunded to the policyholders, he said.
es The refunds announced todsy ref2cet the in=urance pools' lisbility experi-p.m'
.liN ggrij ence from 1969 to 1979, including the 1979 incident st Three Mile Island.
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'IH4 Proar. noted thst "in spite of Three Mile Island, the nuclear insurance pools W.g "I4fj
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=sintain confidence in the safety of nuclear power and are continuing to enka M_ <
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refunds to their policyholders.
Wh Nuc1 car power pinntn, funi reproccxsing plants and fuel facilitica are in-w%.<
cluded in the list of ccroanies receiving refunds on approxicately 39011abili-g n%
ty insurance policies.
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