Document 71r4w67vzOZ8mG0XBxRBBzDaa

American Excess Insurance Association POLICY APPLICATION (An Excess liability policy which incorporates certain claims made features, but which provides a form of coverage which may differ substantially from other policy forms. Please read the entire policy carefully.) This Policy Application must be completed in its entirety. When appropriate, questions herein may be an swered by specific reference to Form 10K sections(s) or other material attached hereto. 1. (a) Name and Address of Applicant (To appear as Named Insured if policy is issued): Ridde, Inc.__________________________________________ C/0 Hanson Industries___________ 100 Wood Avenue South, Iselin, New Jersey 08830 (b) State of Incorporation: Delaware (c) Effective Date of Coverage: January 1, 1988 2. Subsidiaries or affiliates of Applicant whose accounts are consolidated in the financial statements of the Applicant* (attach list or make reference to listing in Form 10K or Annual Report of Applicant). See Exhibit #1 3. If Applicant is foreign, attach list of subsidiaries or affiliates whose accounts would have been consoli dated in accordance with generally accepted accounting principles in the United States. N/A 4. Ust on Schedule A (to be attached to and form a part of the policy when issued) any other subsidiary, affiliate, associated company or joint venture to be insured. AElA-3 1 N17563 5. If other than the Named Insured above shall represent all insureds in all matters under this policy (such as but not limited to: premium payment, negotiation ot renewal terms, payment ot claims), indicate name and address (to appear as Named Insured's representative it policy ts issued): Mr. Donald L. Schoenewolf, Director of Risk Management ___________________ Hanson Industries 100 Ifood Avenue South Isetin, New Jersey 08830______________________________________ ____________ ______ 6. Describe each joint venture in which the Applicant has an interest greater than 10% and/or which has assets in excess of $25,000,000: Project Name Participant Brief Description of Joint Venture Nnr>& Knnwn____________ _________________________ _____________________________________ 7. Attach a copy of the latest Annual Report and Form 10K (or the equivalent if not applicable) ot the Applicant and each company listed on Schedule A tor the most recent year. 8. Estimates ot: (a) Annual Payroll (in U.S. dollars) t-USA S2-Canadian $^il 3-Forftinn $ 50.894,700. (b) Annual Sales (in U.S. dollars)" Excluding Aircraft Products; 1-USA $2_,235_, 800.000. 2-Canadian 3-Foreign $ 97/202,700.______ Describe any "Inter-Company Sales" exceeding 10% of the total: Sales figures shown above are TINet Trade Sales'*. All Inter-company sales are excluded fran theamomts shewn in Question 8fbV (c) Number of Employees 1 -USA $ 36/700______ 2-Canadian $ Tne'l._______ 3-Foreign 3,300 (d) 1. Annual Advertising Expenditure (in U.S. dollars) s 45,000,000.______________________________________________________ art* 7 GLD055034 0049-GLD-000055034 2. Type of media use and proportion of total expenditure on each All types - all locations (e) If the Applicant has any exposure under the following, indicate payrolls: 1. Jones Ar.i None Known 2. Federal Employers Liability AntHone Known 9. Automotive power units: (estimated total owned & leased by type) US/Canada - 998 US/Canada - 1,345 (a) Private pasgengeForeign___ " Trucks and TractorsFbreign_ School hieflc tfone Khown________ Taxi-Livery Hons Knowi (b) Type of cargo hauled (elaborate where inflammable/explosive substances hauled). See Exhibit #2______ _____________________________________________ (c) Give details of tong haul (over 500 miles -- one way) operations See Exhibit #2_____________________________________________________ 10. Description of Operations: (a) Describe any detaSs of operations not otherwise contained in the attached Form 10K or annual report (e.g., occupancy type risks -- number and size; construction type risks -- tunnel and dam work -- turnkey; utilities -- dams; etc.):_______ See Exhibit-#] (b) Describe any discontinued operations or sold entities for which coverage is required. Describe products and the disposition of product liability: See Exhibit,#3 ...--_----------------------------------------------------------------------------------- (c) Describe any areas of expected expansion, change, or new products in next 6 months: Hanson TnAisH-i pr .has, and will rmHnnpJ arqmrn wit-h TV*craTd Irv lf-g .major Tmgfnogg ggorngnf-g-ft o ______ Building Products. Consigner Products, etc.) when the proper npport-fiirviryarises. AEIA-3 3 GLD055035 0049-GLD-000055035 12. With respect to malpractice and professional liability exposures, state: A. 1. Medical (incidental to other operations): (a) Hucnhor Hnrsmtt ftmpinyri- 3 Full-time:. s.averal...payt-fjunfi---------------- (b) Number ot nurses employed: 25 ..(inrfeouse^--------------------------------------------------(c) if Hospital or Medical faCTtities are maintained by the Applicant, give location, number of beds, occupancy rate and other pertinent information: . - . - -____ Several in-honne rtispgngftripg (d) Do any patients, not employees of the Applicant, use the services of such doctors, nurses or hospitals? - ______________________________ Indicated percentage of non-employee patients ,,_NM 2. Medical (other than incidental): Nane_Riqwn (a) List all hospitals or medical facilities showing location, number of beds and occupancy rate, outpatient visits: N/A (b) List nursing homes operated showing number of beds: _______________________________m_______________ B. Non-medical (e.g., Architects, Engineers, Accountants, Lawyers, etc.). Describe extent to which such services are provided to third parties: See Exhibit.#!__________________________________ ASA-3 5 0049-GLD-000055036 11. (a) Describe any non-owned. owned, leased or chartered watercraft or watercraft risks for which cov erage is requested: No Known Exposure __________________________________________ (b) Describe any railroad exposures including details ol any facilities/operations owned or operated (other than incidental sidings and premises grade crossings): No Known Exposure _______________ _ (c) Describe any intra-city light-rail exposure (e.g., subway, street car. etc.) for which coverage is requested: Description of Operations No Known Exposure Number of Passenger Cars ___________ Miles of Track _____________ Number of Passengers Annually ___________________ (d) Describe any bus operations for which coverage is requestedNo Known Exposure Description of Operations Number of Buses Miles Travelled Numberof Passengers Annually Inter-city _________________ ______________ ____________ Intra-city _________________ ______________ ____________ School Buses _________________ __________ Tours _________________ ______________ ____________ Other _________________ ______________ ____________ AFiA-3 A GLD055037 0049-GLD-000055037 13. Attach a list or describe below the products manufactured, handled, distributed or sold or services performed under the following classifications; Classification (a) Aircraft and/or Aerospace Products or any material or substance supplied directly to or tor the use by the Aircraft and/or Aero space Industry (b) Pharmaceuticals -- Medical (Submit lists of prescription and non prescription medical care products) (c) Birth control drugs or devices (d) Chemical and petrochem icals (e) Nuclear energy (f) Pollution control devices {g) Other products, or major services performed Description See Exhibit #1 Annual Sales Domestic $ Foreign $ None Known None Known None Ifaown Guard Services Accept assignments at Nuclear Facilities See Exhibit #1 See Exhibit #1 14. Real & Personal Property: {over $10,000,000 In value per location) {a) Schedule locations of leased premises and indicate use and if Applicant is held harmless and/or named as an additional insured in landlords policy: Leased premises which Kidde, Inc, is contractually obligated to Insure are covered under various Property Insurance policies. (b) Schedule locations where personal property of others is in Applicant's Care, custody or control, (e.g.. Data Processing Equipment. Leased Machinery or Equipment. Goods for Storage or Processing, etc.): See Exhibit #4 GLD055038 0049-GLD-000055038 15. Contractual/Hold Harmiess/lndemnity Agreements -- proviu.. details of any which coufd reasonably be considered to be outside of the scope of those agreements normally entered into by the Applicant in the normal course of operations and any other such agreements which may be material to the Appli cant's legal liability or where the sole negligence of the indemnity is assumed: None Known 16. Describe loss control and loss prevention measures which Applicant employs and would like the under* writer to consider. Attach a copy of the program if appropriate, fs the program seif-administered? If administered by a service company or insurance company, name of administrator: Phpineering services are purchased frcm the Primary Casualty Carrier( AICD and/or_the Insurance Broker.__ Each facility is. inspected at least once a vftflr. Written, reoorrs are rewiewad bv Kldde Management and Broker, and immediate action is taken where it is deemed necessary. 17. List on Schedule B all liability insurance of Vie Applicant. List layered policies in: ascending order of attachment, including layers retained by Applicant: See Exhibit #5 18. As Respects Underlying Insurance (respond below or in additional comments column on Schedule B): (a) Explain any exclusions to standard General Liability Policy coverage: See_EithiMt.fi flfi and #7 (b) Indicate deductibles, self-insured retentions, retrospective rating plans or other funding mecha nisms in the amount of $1 miHion or more per occurrence/accident:________________________ S<aP_Pvh-iMt_ ________________ 19. List on Schedule C a summary of losses by year (insured and uninsured) for the past 10 years by line of coverage, e.g.: See Exhibit #9 (a) Automobile Liability (b) General Liability (c) Products and Completed Operations Liability (d) Etc. AEIA-3 7 GLD055039 0049-GLD-000055039 20. Indicate any losses included on Schedule C which are caused by or alleged to be caused by pollution None Known___________________________________ ______________________ 21. On Schedule D itemize and give details on all losses shown on Schedule C which exceed $1,000,000. (Paid, outstanding, and allocated expenses),See Exhibit #10 (a) caused by a single occurrence, and separately, (bj caused by any defect or hazard or alleged defect or hazard associated with insured's product or operations completed or abandoned by the Applicant. 22. if any of the losses on Schedules C or D have been handled or reserved amounts established through a service contract rath' than by an insurance company for its own account, give details below, (in clude name of individual or organization; if Applicant has self-administered his own losses, furnish infor mation about individual(s) responsible for handling and their qualifications and procedures; if a claim audit has been made in the past year by an independent service, attach report). Initial investigations of losses is date by Crawford & CoSubsequent investigation is handled by Crawford and legal personnel. Reserving of losses in done by Crawford, with input frcm the primary carrier and Kidde, until a policy aggregate is reached. At this time, the crawford file is closed and all additional investigation is handled by the lead excess carrier. 23- Is the Applicant aware of: (a) any event or conditions which might reasonably be expected to give rise to a loss or liability in excess of $1,000,000? Describe: None-Known (b) any defect or hazard or alleged defect or hazard associated with the Applicant's products or operations completed or abandoned by the Applicant which might reasonably be expected to give rise to a loss or liability in excess ot $1,000,000 in aggregate? Describe: .tfaneKhnwn 24. Describe any ongoing investigations into the Applicant's products or operations by any governmental body: None Known GLD055040 0049-GLD-000055040 25. Additional Comments (optional) ABA-3 9 GLD055041 0049-GLD-000055041 AMERICAN EXCESS INSURANCE ASSO^.mTION 26. THE APPLICANT. BASED ON REASONABLE INQUIRY (INCLUDING BUT NOT LIMITED TO REASONA BLE INQUIRY OF THE LEGAL AND RISK MANAGEMENT DEPARTMENTS OF THE APPLICANT). WAR RANTS TO THE BEST OF ITS KNOWLEDGE AND 8ELIEF THAT THE STATEMENTS SET FORTH HEREIN ARE TRUE AND THAT NO MATERIAL INFORMATION HAS BEEN WITHHELD. IT IS UNDER STOOD THAT THE COMPANY MAY REQUEST ADDITIONAL INFORMATION WHICH. WHEN SUBMITTED, WILL 8ECOME PART OF THIS APPLICATION ANO SUBJECT TO THE FOREGOING WARRANTY. SIGNING OF THIS APPLICATION DOES NOT BIND THE COMPANY TO OFFER. NOR THE APPLICANT TO ACCEPT INSURANCE. BUT IT 6 AGREED THAT THIS APPLICATION SHALL BE THE BASIS OF THE INSURANCE SHOULD A POUCY BE ISSUED. BY SIGNING I HIS APPLICATION. THE APPLICANT ACKNOWLEDGES THAI' II HAS RECEIVED THE ATTACHED SPECIMEN POUCY AND AGREES TO BE BOUND BY THE MANDATORY ARBITRATION PROVISION SHOULO A POLICY BE ISSUED. THE APPLICANT FURTHER WARRANTS THAT IF THE INFORMATION SUPPLIED ON THIS APPLICATION CHANGES BETWEEN THE DATE OF THIS APPLICATION AND THE INCEPTION DATE OF THE POLICY PERIOD, IT WILL IMMEDIATELY NOTIFY THE COMPANY. APPLICANT: HANSON INDUSTRIES (Type) Submilled by (a duly aulhonzed insurance producer representing a member of the Associalion): Name of Hrm: FRED. S.. JAMES. & COMPANY OF NRU ENHTANB TNH__________________ (Type) Complete Mailing Address: AO BROAD STRi&T. EOSTONJ MA Q?inn (Type) ^TD3y Phone: (617)357-6600.Telex: 940227--Fax: (617)357-6755 Name of Authorized Representative: JOSEPH ?. ZA.VAGNIN, VICE PRESIDENT___________ Association Member Represented: AEIA-3 10 GLD055042 0049-GLD-000055042 AMERICAN EXCESS INSURANCE ASSOCIATION Producers domiciled in Delaware, Maryland, New Jersey, New York, Pennsylvania and Canada should return the completed application to: American Excess insurance Association (New York & New Jersey) Two World Trade Center Suite 3870 New York, NY 10048 Phone Number: (212) 466-0097 Telex Number: 62943427 Fax Number: (212) 466-6303 Alt other producers should return the completed application to: American Excess Insurance Association RiverBend Executive Park 77 Hartland Street. Suite 400 East Hartford, CT 06108 Phone Number: (203) 528-2105 Telex Number: 62943426 Fax Number: (203) 282-9393 GLD055043 0049-GLD-000055043 I *- GLD055044 0049-GLD-000055044 ftM M ilS PPflkjTTS. IM '. (S ee N .J . OFFICE SUPPLY) GlfD055045 0049-GLD-000055045 y| jt jS< 5 * 5 Is J.* 5 * I _j o > y 5?5 J si Jr! in 02 sa IE tt _DU>J 8H in o | ii lj !< ii.' ii I f : r i l t . .LU + U N Y ----------------------------------------- ftMt >J| a s I <iH k ii 6 yi *-- m s| PI "HI.IJ-'PPlNr M tN lA fL P E "_______________O f E P S V IIL E *. to !I>: 6 j! ii GLD055046 0049-GLD-000055046 I' 0049-GLD-000055047 <3 GLD055048 0049-GLD-000055048 t: \ * *| I | GLD055049 0049-GLD-000055049 O R A T IO N PRODUCT U I'E S OFFICE 6M3 KAJOP RJW T LOCATION GLD055050 0049-G LD-000055050 i t i I T/-'1| rWl'Jl.i IE P A M K i BRASSi PfiO WOttl LATHS AMI APTUARF; CITY OF CCWRCE . CA 5 CCNIQTWcS 'JNIdU>MNOW A Il It 5 fci I C 1 *| "I 25 2? & U i B iuXiaU) h ! I5 sisi zn i^s b "3 u t -* it cn IV ^ jj S till ill S- yu.cn Q $Nui U)' uv iKSl B@I| u. El S ST^K ftBS i,/S..:. r_ ~4*x ._i 5ta it' I ^ 6LD055052 0049-GLD-000055052 GLD055053 0049-GLD-000055053 k iit f cosj-ff? (s m m l t d w .k o u 00N. KQf^ GLD055054 0049-GLD-000055054 1^-ra-FflTAiP l t d . CTPOSITH FIPFF AJWRiVT ^FA TIN ',, MDTICAJ. COUO-FS' CHASSIS. AMI A1PTPAFT FM PTFU-'Fin-tlNT. RfLRI^MCIJTH. DT^FFT James HANSON INDUSTRIES KIDDE, INC. EXHIBIT. #2 APPLICATION FOR UNBRELLA/EXCESS LIABILITY JANUARY 1, 1983 TO OCTOBER l, 1988 <IDDE> INC. CONPANY PRODUCTS ARE DELIVERED TO CUSTOMERS) BOTH LOCAL AND LONS DISTANCE. KIDDE* INC. ALSO OUNS TWO SUBSIDIARIES THAT ARE IN THE FREIGHT HAULING BUSINESS* AND HANDLE BOTH KIDDE ' PRODUCTS AND GENERAL C0M1XIT1E5 FOR OUTSIDE CUSTOMERS. ONE OF THESE COMPANIES IS A COMMON CARRIER* OPERATING IN THE NORTHEAST UNITED STATES. THE OTHER COM3ANY IS A CONTRACT CARRIER* DELIVERING THROUGHOUT THE UNITED STATES. NEITHER COHPANY WILL TRANSPORT ANY HAZARDOUS WASTE OR CLASS A EXPLOSIVES. GLD055055 0049-GLD-000055055 %\ Exhibit #3 fiMSfw immm IlISCMTWtffff OPFMTlflK O?-0-B7 CMPAHY mm nm Pismnw PATE DCSCfilPTIfllf flPfMTIMS .mi)- at tinemi erne ACS MPilH SERVICE urn A'i h g s pit al svsir.H?. m\ HOPE AWAXCEB lEXPiRiFAES mm RHRICAK DESK f-FG. CO. KWE ah er k ah Host ax KMi ARSiVLOniS WARP mm Amt l o c k ewmim nm cAiitmiA mas bur eau mm mnAcrm men i m. UPPt costs afti/.s am coscfl me pr so o c t s ew e mves c r yst al s cmi emits h amf ac mm KWE pat sy iAWAcmmo corns? nm vem pumas c mpj w t mm DURA mm ELECUOHIC ItiSltt CMPIHULS mm mZHA$TZR mm g o r o q k EfinmesT amt soma mmap.ns KWE g r o ve iss. movers (cimAi mm H30ST0H ELCtUOMCS mope mem g r o up mm JARAHAP. HORSES KIPPE o av el ih tiecrmics kwe ms (mmAUtsi KIPPE K i S milSWES am note mmss smites, m. KIM mot wciimisw eq . g r p net) moot am r ec r eat io k al nomas c c aw aimpe ias s d al e mmsism i eiecrmcs KWE LeFEBURE tOmtAim mm k mc a Rtip smite, nc KWE same? mtifAcmm mpm KWE HcPHERSBH 6R0UP KWE r at iq k ai meomas KWE OILFIELD MUSTRIAL LISES KWE o v eh am-ao o io -c ar peh t er KWE MfESSlQUL MORSES BUREAU HOPE $is ntsosm mm SAROEST i c q r paxy KWE s h ims oiv smer l amp KWE t o ieo o mnmm co. KWE TOPS KWE IIS IMS KWE VICTOR KWE v ic t o r TEsmm Sintic es KWE sms HATimi SERVICES CHPBSffJM KWE mmmroH 60iF KWE. SPUR SEE sm OFF SOLO SPOK OFF SPSK OFF ASSEJS SOLO SPilK Off SOLE SOLO ASSETS S0M SOLO SOU SOLO SPUR OFF SHU Off SOLO SPOK OFF SPSS ofr SPUR OFF SOU SPUH OFF ASSETS SOLO SPUR OFF ASSETS SOLO SPtlX OFF SHOT MH SPOK OFF SPOK OFF ASSETS SOLP il/lUST i utiw si mi ttftlfi7 imi/ST 2(6/96 U/tI/97 5(20/97 2mm 2/au 9/8Z 5/1/37 ii/n/3? 11/11/37 5(20(97 11/11/37 11/J1/S7 IJ/ll/S? 2112(01 U/1J/87 2/1(86 nnm7 mm 11/11/37 5(1/07 li/ll/37 11/11/37 ?/o/8i msm s er v ic e KmiXS SEftVltE HOSPITAL TV RIVALS TEMPORARY CLERICAL SERVICE SEAlMtAtEHA, MlOnmUH, STAPV1S FTC. msuft SERVICE HATCHES cnmiCAL l o c ks MRSifS SERVICE OlSTm. m. CRAKE i GROVE . S3U8TIM IMJMf JIM. MTE3 TREAHCHT h o u s eh ar es i iou mmis h ims WASTE CRYSTALS ARCHEmiAL HARPXARE AIR RIFLES i PISTOLS LAMPS AUTO LIFTS. COHPRESSEO UR CZHHttS JWSPIMl TV *FfTS iUJtfiHS S SECURITY PPOWCTS TttPffMflr CLERICAL ScfiKItt TFJTP9fi^y CtFSJCdi SERVICE KFS. 0 DJSTRIB HAT. CRAKE E9. 60ART2 CRYSTAL BASES TEMPORARY CLERICAL SERVICE JtmiHG SERVICE CLOSED CIRCUIT TV FfiMPIEJT TFAPflMtf CLERICAL SERVICE ' LAKH TRimRS TEMPORARY CLERICAL ScfiKJCE SlSPl/IY i EBOCATUIHAL EMMEM SALE RECREXIimL PROMTS mmm mmam 2AHK1K EWPHEKT msm s ew j c f jUfCrC7f*IH B4WW3F TUMAXY CLERICAL SERVICE HOSPITAL 7V REHTALS OhflELP E60IPHEH7 CRYSTAL i OVIK COHPBREHTS nmmi msm s er v ic e TEHPOOAtr CLERICAL ser vic e ARCUCTUIAL 8AR0WE A17ERVAW.S, 1GHMBH COILSt VOLTAGE 3'S SPtIH OFF SOLD SPUR OFF 11/11/37 11/11/87 5/1/97 TEMPORARY UtRICAL SERVICE SHJPPm COHPAHY BOSIHESS HACHMS OFFICE TEHPORARY SERVICES HOSPITAL TV REHTALS GOLF BALLS GLD055056 0049-GLD-000055056 tl HANSON INDUSTRIES' KIDDE, INC. AMERICAN EXCESS INSURANCE ASSOCIATION EXHIBIT #4 PROPERTY IN 77-E CARE; CUSTODY OR CONTROL CF THE INSURED* KIDDE; INC. RENTS AND/OR LEASES CERTAIN A VARIETY OF EQUIPMENT, INCLUDING* EDP EQUIPMENT, TELEPHDNE SYSTEMS, COPY MACHIfCS; TESTING EQUIPMENT, AND MANLFAC7LRING KWCHINERY. ALL EQUIFf'ENT WHICH THE INSURED IS OBLIGATED TO KEEP INSURED IS COVERED; AT RE?LACE>ENT COST, UNDER .VARIOUS PROPERTY INSURANCE POLICIES. SUCH OBLIGATION ARE NOT LIMITED TO WRITTEN CONTRACTS. ADDITIONALLY, OPERATIONS OF GLOBE SECURITY SYSTEMS INVOLVE A POSSIBLE C C C EXPOSURE. GLOBE IS INVOLVED WITH SERVICES SUCH AS* A. GUARDS IN OFFICE BUILDINGS AND APARTMENT FOYERS B. METAL DETECTION SRVICES AT AIRPORTS C. SAFETY PERSONAL RIDING RAIL SYSTEMS Q. SECURITY AT CONSTRUCTION SITES. 0049-GLD-000055057 James HANSON INDUSTRIES KIDBEt INC. APPLICATION FOR UKBRELLA/EXCESS LIABILITY JAMUARY It 1?B9 TO OCTOBER It 1988 EXHIBIT 5 SCHEDULE OF UNDERLYING POLICIES It Kimt INC. - DOMESTIC (EXCLUDING CANADA) COVERAGE 1. a. EMPLOYERS LIABILITY CARRIER NATIONAL UNION b. EMPLOYERS LIABILITY mm h f s . co. o n l y PAt KDr NJ ONLY) 2. a. COMPREHENSIVE GENERAL LIABILITY b. PRODUCTS S COtPLETED OPERATIONS c. ADVERTISING LIABILITY d. EMPLOYEE BENEFIT LIABILITY e. PRODUCTS RECALL f. PERSONAL INJURY i. FIRE LEGAL LIABILITY INCLUDING C.C.C. PENN. KFG. ASSOC. NATIONAL UNION NATIONAL UNION NATIONAL UNION NATIONAL UNION NATIONAL UNION NATIONAL UNION NATIONAL UNION LIMITS (U.S. DOLLARS) 82.000.000 EACH ACCIDENT $2i000.000 DISEASE POLICY LIMIT 82.000.000 DISEASE - EACH EMPLOYEE TERM 1/1/87 - 1/1/88 8100.000 EACH ACCIDENT 1/1/87 - 1/1/88 85.000.000 PER OCCURRENCE (NO A6GRE8ATE) 1/1/87 - 1/1/88 85.000.000 EACH OCCURRENCE CSL 810.000.000 ANNUAL AGGREGATE 1/1/87 - 1/1/88 85.000.000 PER INJURY 85.000.000 AGGREGATE 1/1/87 - 1/1/88 J5.WO.WO EACH CLAIM $5,000,000 AGGREGATE 1/1/87 1/1/BB I5.WC.WC EACH OCCURRENCE AND IN TK AGGREGATE 1/1/87 - 1/1/88 15.000.WO EACH OCCURRENCE AND IN THE AGGREGATE 85.000.000 EACH OCCURRENCE 1/1/87 1/1/83 1/1/07 - 1/1/88 GLD055058 0049-GLD-000055058 James i ( KIDDEt INC. EXHIBIT 5 SCHEDULE OF IWKRLNW POLICIES (Coni.) I, KIDDEr IK. - DOMESTIC {EXCLU9IK6 CANADA) 3. AUTOMOBILE LIABILITY HATICM. UNION AND VARIOUS 4. AIRCRAFT LIABILITY FEDERAL INS. CO. f2>Q0O?0OO PER o c c u r en c e CSL 125)000*000 PER OCCURRENCE v ar io u s 5/12/87 5/12/88 GLD055059 0049-GLD-000055059 James i mm rxoirsTitccs k id d e* in c . APPLICATION FOR WfflftELLA/EXCESS LIABILITY JANUARY Ii 1988 TO OCTOBER I. 1988 EXHIBIT # 5 SCHEWU OF UNDERLYING POLICIES II. KIDDE* INC. - CANADA COVERAGE AUTOMOBILE LIABILITY KMPREHENSIWE GENERAL LIABILITY {COVERAGE INCLUDES PERSONAL INJURY* BLANKET CONTRACTUAL* PRODUCT LIABILITY* FIRE* LEGAL* KDN-OUNED AUTO LIABILITY* EMPLOYEE BENEFITS* AND CONTINGENT EMPLOYERS LIABILITY) EXCESS CGHPREHERSIVE GENERAL LIABILITY EXCESS X (2) ABOVE. CARRIER GENERAL ACCIDENT ASSURANCE COMPANY CHUBB INSURANCE COMPANY X CANADA LIMITS (CMABIAN DOLLARS) <1*800*000 CSL EACH OCCURRENCE lltftOOtOH CSL PER OCCURRENCE AGGREGATE WERE APPLICABLE SCOTTISH l YORK INSURANCE COKPANY 1>5,W0 CSL PER OCCURRENCE AGGREGATE WHERE APPLICABLE TERM 1/1/87 - 1/1/88 1/1/87 - 1/1/88 1/1/87 - 1/1/88 0049-GLD-000055060 James HANSON INDUSTRIES KIDDEt IRC. APPLICATION FOR UMBRELU/EXCESS LIABILITY JANUARY 1. 1988 TO OCTOBER If 1988 EXHIBIT 15 SCHEDULE OF UNDERLYING POLICIES III. KIDBE* INC. - FOREIGN LIABILITY COVERAGE 1, COMPREHENSIVE GENERAL LIABILITY {EXCESS OF VARIOUS STATUTORY COVERAGES) 2. EXCESS COMPREHENSIVE GENERAL LIABILITY! EXCESS OF a) ABOVE 3. EXCESS GENERAL LIABILITY EXCESS OF (2) ABOVE. 4, EXCESS COMPREHENSIVE GENERAL LIABILITY EXCESS OF (3) ABOVE, 5. AUTOMOBILE LIABILITY (EXCESS OF VARIOUS L0C1YPLACED STATUTORY POLICIES). 6. EXCESS AUTOMOBILE LIABILITY EXCESS OF (S) ABOVE. CARRIER INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA UNITS (U.S. MUJKS) flrWO.WC CSL M I PD AH) IN THE AGGREGATE WERE APPLICABLE/ T2000t0M ANNUAL PRODUCTS AGGREGATE. TERM 1/1/B7 - 1/1/88 FEDERAL INSURANCE COMPANY l.OOOiOOO CSl EACH OCCURRENCE AND IN Tf AGGREGATE WERE APPLICABLE/ $2,000,000 CSL IN THE AGGREGATE FOR PRODUCTS/COHPLETED OPERATIONS. inn? 1/1/88 FIDELITY CASUALTY $1,000,000 CSL EACH OCCURRENCE 12OOOrWO CSL IN TfC AGGREGATE WERE APPLICABLE/ $2,000,000 CSL IN THE A68REBATE FOR PRODUCTS/CQHPIETED OPERATIONS. 1/1/87 - 1/2/88 AMERICAN GUARANTEE t LIABILITY 02.000rOW CSL EACH OCCURRENCE M.000.000 CSL IN TIE AGGREGATE WERE APPLICABLE $4,000,000 CSL IN TIE A6GRE6ATE FOR PRODUCTS. 1/1/87 - 1/1/88 INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA $1,000,000 CSL PER ACCIDENT 1/1/87 - 1/1/88 FEDERAL INSURANCE CO. 1.000.000 CSL PER ACCIDENT 1/1/87 - 1/1/88 0049-GLD-000055061 i( James III. KIDDEr INC. - FOREIGN LIABILITY EXCESS AUTOMOBILE LIABILITY EXCESS OF (A) ABOME. EXCESS AUTOMOBILE LIABILITY EXCESS Of i?) ABOVE. EMPLOYERS LIABILITY (EXCESS OF VARIOUS LOCALLYPLACED STATUTORY POLICIES). EXCESS EMPLOYERS LIABILITY EXCESS OF (?) ABOVE. HBDEr INC. EXHIBIT 15 SBEftLE OF UNDERLYING POLICIES (Coot.) AMERICAN GUARANTEE l LIABILITY $1,000,000 CSL PER ACCIDENT Ul/87 1/1/88 ZURICH AMERICAN $2,000,000 CSL PER ACCIDENT 1/1/87J/1/8S INSURANCE COtfWnr OF THE STATE OF PENNSYLVANIA tl.OttiDtt EACH ACCIDENT tl.Ott.Ott DISEASE - POLICY LIMIT tl.WO.OM DISEASE - EACH ENPLOYEE 1/1/87 1/1/88 FEDERAL INSURANCE CO. ll.0tt.OM EACH ACCIDENT Al.OOOrOOO DISEASE - POLICY UNIT tl.OOO.OM DISEASE - EACH EMPLOYEE 1/1/B7 1/1/66 0049-GLD-000055062 James KIDDE, INC, APPLICATION FOR UMBRELLA/EXCESS LIABILITY JANUARY 1, 1983 TO OCTOBER 1, 1988 EXHIBIT #7 Architects and Engineers Exclusion This policy is amended in that it shall not apply to any claim or claims for liability arising out of the rendering of or the failure to render professional services by or on behalf of the Insured. 5 The word "services" wherever used in this endorsement, means services rendered as architects or engineers and any other similar service rendered or similar service which should have been rendered in an advisory or consultancy capacity whatsoever. GLD055063 0049-GLD-000055063 HANSON INDUSTRIES KIDDE, INC. AMERICAN EXCESS INSURANCE ASSOCIATION EXHIBIT #8 The primary insurance carrier currently reinsures 100% of Kidde's Product Liability contract ($5M per occurance/$10M aggregate) into a Captive owned by tiie Insured. As of January 1, 1988,it is anticipited that the current levels of reinsurance will continue, either with the same captive, or a captive cwned by Hanson PLC. Additionally, the first layer of umbrella coverage mayalso be reinsured 100% by a captive(s) owned by Hanson PLC, to a level of between $10,000,000. to $25,000,000. GLD055064 0049-GLD-000055064 HANSON INDUSTRIES KIDDE, INC. AMERICAN EXCESS INSURANCE ASSOCIATION EXHIBIT #9 GLD055065 0049-GLD-000055065 James KIDDEj INC. GENERAL LIABILITY LOSSES OPERATION 1902 1983 1984 1985 1986 1987 BAYLESS STATIONERS PAID RESERVED INCLRRED 2000 2DDD OARENCOj INC. PAID RESERVED INCURRED 698 0 698 DEVINE LIGHTING PAID RESERVED INCURRED 3600 3600 DURA STEEL PRODUCTS PAID RESERVED INCLRRED 33000 33000 ExTL COFANY PAID RESERVED INCLRRED 27S5 0 2755 FARBERUARE PAID RESERVED INCLRRED 962 0 962 FEMJALj INC. PAID RESERVED INCLRRED Q 2500 2500 GARDEN STATE TANNING PAID RESERVED INCLRRED 2308 0 230a GLOBE SECURITY SYSTEMS PAID RESERVED INCLRRED 354170 4000 36017D 278656 159069 457925 227963 108030 335993 201151 108639 309790 84403 165767 250170 32821 102193 135014 GREENUALD INDUSTRIES PAID RESERVED INCLRRED 2220 1327S0 . 135000 3 19997 2000D 261 261 GLD055066 0049-GLD-000055066 James KlDDEi INC. GENERAL LIABILITY LOSSES OPERATION 1962 19B3 1984. 1965 1986 1987 GROVE MFG. CO. PAID RESERVED INCURRED 5062 10000 15062 14. 30000 30014 20143 13666 34009 0 6000 6000 JACUZZI BROTT-ERS PAID RESERVED INCURRED 894 0 894 4191 30809 35000 JADE CORP PAIO RESERVED INCURRED 5104 6696 14000 JU LIGHTING PAIO RESERVED INCURRED 5641 5641 12756 0 12756 KEYSTONE U*P NFG PAIO RESERVED INCURRED 330 0 330 KIODE AUTOMATED SYSTEMS PAID RESERVED INCURRED 7500 0 7500 10000 10000 KIODE CONSULTANTS PAID RESERVED INCURRED 387D 0 3870 269 0 28? 6000 6000 K1DDE CONSUMER DURABLES PAID RESERVED INCLRRED 4890 14610 17500 KIDDE CREDIT CORP PAID RESERVED INCLRRED 100 4900 5000 WALTER KIODE DIV PAIO RESERVED INCURRED 3774 3774 996 998 1579 108401 110000 0 5150 5150 900 900 GLD055067 0049-GLD-000055067 James OPERATION KIDDE> INC. GENERAL LIABILITY LOSES 1982 1983 1984 1985 1986 1937 KIDOE SALES & SERVICEj NJ PAID RESERVED INCURRED 487 0 487 KIM LIGHTING! INC. PAID SERVICE! MI RESERVED INCURRED 7875 0 7875 MARVIN ELECTRIC NF PAID RESERVED INCURRED 3310 D 3310 MCQU1DDY OFFICE DESIGNERS PAID RESERVED INCURRED 1755 1755 1794 1794 NATIONAL CRANE COR PAID RESERVED INCURRED NEW JERSEY OFFICE PAID SUPPLY RESERVED INCURRED 11718 20000 67B9 29B9 9776 109 109 NI5EEN CORP - FAID -UNIVERSAL GYM RESERVED EQUIPMENT INCURRED 1075 1075 14214 14214 PIEDMONT MOULDING PAID RESERVED INCURRED PROGRESS LIO-TTING PAID RESERVED INCLRRED 114884 110? 116053 REPAIR! INC PAID RESERVED 2965 1635 4800 1149 0 1149 1000 0 0 800 800 0 Z7000 27000 GLD055068 0049-GLD-000055068 James KIDDEj INC. GENERAL LIABILITY LOSSES OPERATION INCURRED 1982 1983 1984 1985 1003 1964 1987 SCOTT RICE PAID RESERVED INCURRED 3690 0 3690 6992 6992 SOUTH TEXAS EQUIPMENT PAID KE5ERVED INCURRED 75000 0 75000 SPARTdS CORP PAID -W0S1LI7E, INC RESERVED INCURS) 10176 0 10176 4514 Q 4514 0 15000 15000 SPAULDING LIGHTING PAID RESERVED INCURRED 9133 60000 69133 irELRERi INC PAID RESERVED INCURRED 9052 2500 11552 657 406 0 657 406 TCSE-FOtLER> INC PAID RESERVED INCURRED 65 65 6682 50616 57500 221 a 0 7400 221 7400 TUCKER HOUSEuSARES PAID RESERVED INCURRED 376 500Q 5374 7791 622D9 70000 UEBER AIRCRAFTi CA PAID RESERVED INCURRED 127 9373 9500 1079 8921 10000 KIDDE* INC. GRAND TOTALS PAID RESERVED INCURRED 562302 121B9 594491 336801 613149 751950 279566 207064 466630 242336 357646 600162 112849 184783 297632 37711 163303 221014 GLD055069 0049-GLD-000055069 James KIDOE* INC. PRODUCT LIABILITY LOSSES OPERATION 3EAE ARCHERY PAID RESERVED INCLRRED 1902 17BB7 0 17SB7 1903 7127 Q 7127 1904 6561 0 6561 1965 12683 46497 59180 1906 15 17500 17515 1907 0 2500 2500 BRIGHT STAR INDUSTRIES PAID RESERVED INCURRED 200 200 100 n 100 CIRCLE STEEL CORP COCK FW CO. CRAIG SYSTEMS CORF PAID RESERVED INCLRRED PAID RESERVED INCURRED 462 1000 D 1QQ0 41630 0 41630 PAID RESERVED INCLRRED 39 0 39 2046 10000 12046 DOUGLAS RAM3ALL PAID RESERVED INCLRRED 75D 750 DLRA STEEL PROCUCTS PAID RESERVED INCLRRED 19177 0 19177 32081 a 32001 ERTL COTPAMY PAID RESERVED INCLRRED 37711 0 37711 3060 0 3060 FAKBERUARE FASHION. INC. PAID RESERVED INCLRRED 50279 11322 61601 31960 0 31900 142656 92S0 151900 47522 26092 73614 PAID RESERVED INCLRRED 2162 0 2162 6019 -0 6019 GLD055070 0049-GLD-000055070 James KIDDEi INC. PRODUCT LIABILITY LOSSES OPERATION 1982 1983 1984 1985 1986 1987 rENUJAL ELECTRONICS PAID RESERVED INCLRRED 16777 1626 1B4D5 FENUAL* INC. PAID RESERVED INCLINED 1074S D 10743 206481 D 206481 16616 35488 521D4 1477 0 1477 2497 26801 29298 GREENUALD INDUSTRIES PAID RESERVED INCLRRED 28643 0 7PA4-? 12656 D 12656 6652 15709 24361 5642 0 5642 0 6000 6000 S?OV N^G. CO. PAID RESERVED INCURRED 1635726 792628 2428554 456523 12570 469D93 641314 2021388 2862702 209687 840600 1050287 107656 1048335 1155991 6227 615866 622093 - CONUAY PLANT PAID RESERVED INCURRED 156340 156340 69673 0 69673 - M4N.IFT DIVISION PAID RESERVED INCLRRED 60826 46706 109532 20014 58243 78257 2500 2500 HALKEY-ROBERTS CORP PAID RESERVED INCLRRED 28601 21399 50000 11326 0 11326 JACUZZI BROTHERS PAID RESERVED INCURRED 17319 17319 109551 0 109551 40428 50000 90428 15569 67000 82569 1957 6650 10607 JACUZZI WHIRLPOOL BATH JADE CORP PAID RESERVED INCURRED PAID RESERVED INCURRED 4313 0 4313 8947 G 6947 8424 21576 30000 7999 28101 36100 502500 5D25D0 6431 0 6481 1500 0 1500 GLD055071 0049-GLD-000055071 James KIDDE, INC. PROOUCT LIAS1LITY LOSES OPERATION 1932 1933 1934 1935 1986 1937 JLJ LIGHTING KENT DIVISION PAID RESERVED INCURRED PAID RESERVED INCURRED 9204 0 9204 560 2150 1290 000 560 2150 1290 KEYSTOMl UW MTS PAID 339 RESERVED INCURRED 339 1032 0 1032 121 0 121 36 0 66 KIODE AUTOMATED SYSTEMS PAID RESERVED INCURRED 7310 D 7310 K1DDE CONSUMER DURABLES PAID RESERVED INCMRRED 9347 643653 653000 950 0 950 WALTER KIODE DIVISION PAIO RESERVED INCURRED 170946 269417 440363 266951 50000 316951 689113 339160 1076Z78 65261 330641 445902 43971 25400 69371 7007 36506 45515 KIM LISTTING* INC PAID RESERVED INCURRED 316 14684 15000 MARVIN ELECTRIC ITS PAID RESERVED INCURRED 1208 12792 14000 84 5416 S5DD MCQU1DOY OFFICE DESIGNERS PAID RESERVED INCURRED 16190 0 16190 3402 3402 21 35979 36000 GLD055072 0049-GLD-000055072 James KIDDE, INC. FRCOUCT LIABILITY LOSSES OPERATION 1982 1983 1904 1985 1936 1987 MISCELLANEOUS PAID REffiRVED INCLRRED 16190 0 16190 3402 0 3402 21 35979 36000 NATIONAL CRANE CORP PAID RESERVED INCLRRED 125882 136232 264114 622183 622183 130166 313925 444111 60373 116761 177134 195 20039 20234 0 2000 2000 NISSEN CORP PAID RESERVED INCLRRED 35D210 87482 437700 144801 144801 19438 5100 24538 2231 127538 129769 7519 46981 54500 9 37741 37750 -UNIVERSAL GYM EQUIPMENT PAID RESERVED INCLRRED 345718 25780 371498 171027 0 171D27 173710 114820 28B530 94746 136959 231705 55314 125192 1S0506 5000 30925 359Z5 PIEDMONT MOULDING CO PAID RESERVED INCURRED 2111 0 2111 PROGRESS Lia-TTING PAID RESERVED INCURRED 550564 7678 558242 11196 11196 240 240 6384 6866 13250 570 8000 B57B REXAIR, INC PAID RESERVED INCLRRED 300 0 3DO 1701 0 1701 756 0 756 30 8970 9000 0 150 15D SCOTT RICE PAID RESERVED INCURRED 924 14076 15000 SOUTH TEXAS EQUIPMENT 3PARTUS CORP . PAID RESERVED INCURRED PAID RESERVED INCURRED 6766 0 6766 6204 13796 20000 93 0 93 705 160 2305 1645 20605 22250 0 42450 42450 GLD055073 0049-GLD-000055073 James OPERATION KIODE, INC. PRODUCT LIABILITY LOSSES 1982 1963 1964 1905 1964 19S7 -MOBILITEj INC PAID RESERVED INCLRRED 12Z53 12253 350 0 350 1500 2500 4000 SPAULDING LIGHTING PAID RESERVED INCLRRED 3582 0 3502 5LN5ET/R1CH4RDS TVELRER/ INC TOEE-FOLLER, INC TUCKER HOUSEWARES PAID RESERVED INCLRRED PAID RESERVED INCLRRED 29411 41500 70911 PAID RESERVED INCURRED PAID RESERVED INCURRED 1430 1430 11170 18830 30000 1511 32045 33574 3315 14405 20000 1149 0 1149 8431 8000 14431 75000 0 75000 0 6000 8000 7500 7500 5947 0 5947 VALLEY DIVISION PAID RESERVED INCLRRED 57D 0 570 VIGON LISTTING> INC PAID RESERVED INCURRED 315 Q 315 KiDDE* INC. GRAND TOTALS PAID RESERVED INCLRRED 3701810 1444144 5145954 </ 2303049 744444 3047535 2142303 3024224 5148529 566501 1934283 2500764 226533 1893965 212^03 94636 778140 872976 GLD055074 0049-GLD-000055074 James KIDOE* INC. AUTOMOBILE LIABILITY LOSSES OPERATION ATLANTIC CONTRACT PAID RESERVED INCURRED 1962 1983 1984 1985 1986 1987 5766 32156 37924 ASSOCIATED TESTING LABS BAYLESS STATIONERS SCHUABAOER-FREY BEAR ARCHERY BRIGHT STAR INDUSTRIES BYRON S. SONS PAID RESERVED INCURRED PAID RESERVED INCURRED 61657 61657 PAID khscjtvtD INCURRED PAID RESERVED INCURRED A2A 0 424 PAID RESERVED INCURRED 2443 0 2443 PAID RESERVED INCURRED ID 2086 0 10 2066 2691 6404 9095 65738 42600 1G833Q 26331 6844 33175 16161 7136 23297 0 970 970 73 0 73 677 677 505 0 505 4D0 0 400 CIRCLE STEEL CORP PAID RESERVED INCURRED 2505 0 2505 CONTINENTAL OFFICE SUPPLY COOK PLM3 CO. PAID RESERVED INCURRED PAID RESERVED INCURRED 2664 0 2664 7p/|/t6 3B446 313 G 313 ' 3223 D 3ZZ3 3624 0 3624 32147 15347 47494 3092 3092 3693 3893 GLD055075 0049-GLD-000055075 James OPERATION CORPORATE CRAIG SYSTEMS CORP DAREMCO INC. DEVINE LIGHTING > DOUGLAS RANDALL OLRA STEEL FROOUCTS P & G PRODUCTS ERTL COM3ANY FARBERUARE FASHION, INC. k id o e* in c . AUTOMOBILE LIABILITY LOSSES 1902 1963 1954 1965 1986 1967 PAID RESERVED INCURRED 33169 0 33169 15756 0 15755 11133 a 11133 1153 1153 0 1100 HDD PAID RESERVED INCURRED 1769 1769 527 Q 527 271 D 271 1064 1064 PAID KfcbtrtVtU INCURRED 2113 0 2113 40105 40105 1225 0 1225 PAID RESERVED INCURRED 6DD4 0 6004 673 0 673 PAID RESERVED INCURRED 1291 0 1291 1036 0 1036 PAID RESERVED INCURRED 3561 3561 269 a 269 PAID RESERVED INCURRED 3361 3361 PAID RESERVED . INCURRED 21788 0 21768 1760 0 1760 33 1534 0 33 1634 719 719 262 0 262 PAID RESERVED INCURRED 1822 0 1622 44656 0 44656 9924 0 9924 2529 0 2529 66809 36983 103772 449 0 449 PAID RESERVED INCURRED 176 176 .557 0 557 GLD055076 0049-GLD-000055076 James OPERATION KIDDEf INC. AUTCWCBILE LIABILITY LOSSES 1962 1983 1964 1965 1986 1967 FENJAL ELECTRONICS PAID RESERVED INCURRED 123D D 1230 19S9 D 1759 FENUWL, INC. PAID RESERVED INCUSED 612 Q 612 195 195 1683 0 1683 4 0 4 GARDEN STATE TANNING PAID RESERVED INCURRED 2010 0 2010 2161 D 2181 555 555 513 0 513 GLOBE SECURITY SYSTEMS PAID Kfc3K\<tlJ INCURRED 3271 D 3271 935 Q 935 2442 0 2442 2203 31100 33303 2569 0 2569 526 526 GREENUUV-0 INDUSTRIES PAID RESERVE) INCURRED 0 6DD0 6000 GROVE KFG. CO. PAID RESERVED INCURRED 21307 D 21307 5445 0 5445 441 0 441 3 3 4362 4035 6397 - CONLAY PLANT PAID RESERVED INCURRED 5 9713 11922 D0 5 9713 11922 HALKEY-ROBERTS CORF PAID RESERVED INCURRED 647 D 647 JACUZZI BROTHERS JACUZZI LHIRLFOOL BATH PAID RESERVED INCURRED PAID RESERVED 1072 0 1092 7604 0 1751 1751 2220 0 10350 0 1757 0 1757 9452 9452 5464 0 3S9Q6 5913 206 0 206 46D 6790 GLD055077 0049-GLD-000055077 James \ K1DDE, INC. AUTOMOBILE LIABILITY LOSSES OPERATION INUUkrtcJ 1982 7606 1953 1956 2220 10350 1965 1956 5464 44599 1967 7250 JADE CORF PAID KcjcrtVtU INCURS 21552 u 21552 770 0 770 5 C 5 JU LIGHTING PAID rttStxVED INCURRED ie59 0 1859 - 671 0 671 KENT DIVISION PAID 603 117 H,=j c j t VED 0 0 INCURRED 603 117 KEYSTONE LAMP MrS FA ID RESERVED INCURRED 175 2720 Du 175 2720 KIODE AUTOMATED SYSTEM'S KIDDE CONSULTANTS PAID RcsERvSD INCURRED PAID Rg s c k VED INCURRED 12DB D 1205 5044 1067D2 111746 707 0 707 509 1401 0a 509 1401 2763 C 2763 264? u 2649 16322 600 16922 30193 23006 5319? 34155 3533 379S3 36023 15351 51374 -0EL4LKEL ENGINEERS PAID RESERVED INl l n k l j 5 Q 5 KIOOE CONSUMER DURABLES PAID RESERVED INCURRED 204 D 204 a 3000 3000 GLD055078 0049-GLD-000055078 James KIDDE* INC. AUTOMOBILE LIABILITY LOSSES OPERATION 1762 1963 1984 1965 1906 1987 WALTER KIDDE DIV PAID RESERVED INCURRED 4606 D 4608 2304 0 2304 1624 0 1624 187 101011 101196 KIDDE SALES 8. SERVICE* NJ PAID RESERVED INCURRED 6366 0 6386 33369 0 33369 11130 11130 1410 0 1410 10353 0 10353 2072 2072 KIDDE SALES & SERVICE* MI PAID RESERVED INCURRED 125 2957 00 125 2957 MARVIN ELECTRIC F"FG PAID RESERVED INCURRED 15266 0 15286 MCQUIDOY OFFICE DESIGNERS PAID RESERVED INCURRED 590 5645 22506 13952 3609 9933 a Q 0 2000 3342 590 5645 22506 13952 5609 13275 NATIONAL CRANE CORP PAID RESERVED INCURRED 1020 0 1020 NEW JERSEY OFFICE SUPPLY PAID RESERVED INCURRED 187864 0 167664 73295 1000 74295 17613 0 17613 13661 G 13661 17937 10136 ZS073 32568 18793 51361 NELPORT PLASTICS PAID RESERVED INCURRED 1092 n 1092 7 0 7 NISSEN CORP PAID 5141 796 319 756 2253 RESERVED 0 0 0 0 0 INCLRRED 5141 796 319 756 2253 -UNIVERSAL GYM EQLIIPNENT PAID RESERVED INCURRED 441 441 1442 1442 GLD055079 0049-GLD-000055079 James OPERATION KIDDEr INC. AUTOMOBILE UTILITY LOSSES 1902 1903 1904 1965 1906 19B7 PROGRESS LIGHTING PAID RESERVED INCURRED 639 0 639 5 0 5 ROSS MARTIN PAID RESERVED INCURRED 4557 4557 4214 0 4214 2509 0 2569 15365 0 15363 324 100 424 SCOTT RICE PAID RESERVED INCURRED 17317 0 17317 45256 0 .45256 16641 :0 16641 41105 33103 74203 7688 0 7686 29120 500 29620 SOUTH TEXAS EQUIPMENT PAID RESERVED INCURRED 731 D 731 522 0 522 6824 0 6824 5FAR7U5 CORP PAID RESERVED INCLRRED 3710 371D 1111 0 1111 19207 19207 -MOBILITE) INC PAID RESERVED INCURRED 211 0 211 2635 2635 5PALJLDING LIGHTING PAID RESERVED INCURRED 5 1669 0D 5 1669 SUNSET/RICHARDS PAID RESERVED INCURRED 1142 D 1142 6976 8976 TVELRERj INC TOMW ARMOUR GOLF PAID RESERVED INCLRRED 16042 0 16042 13334 0 13334 90780 142164 232944 10190 0 10190 34120 3905 30025 3274 14925 18199 PAID RESERVED INCURRED 1020 - Q 1020 459 459 GLD055080 0049-GLD-000055080 James OPERATION <1DDE> INC. AUTOMOBILE LIABILITY LOSSES 1962 1963 1964 1965 1966 1937 TOEE-FCU_ER INC PAID RESERVED INCURRED 214615 200D 216615 130932 310294 441226 111216 151781 262997 244067 67909 331976 209169 130884 340053 67S67 55961 123648 TUCKER HOUSEWARES PAID 3564 1314 401 492 2407 REseM/ED 0 0 0 1800 INCURRED 3564 1314 401 492 4207 viSON LIGHTING* INC PAID RESERVED INCURRED 4591 0 4591 63027 63027 3714 0 3914 LEBER AIRCRAFTj CA PAID KfcSCKVfcD INCURRED 16378 0 16378 KIDDS* INC. GRAND TOTALS PAID RESRVED INCURRED 666852 2000 668852 496768 417996 916764 418306 300949 719257 570447 Z33065 603512 479950 206296 688248 216336 265192 481528 6IiD055081 0049-GLD-000055081 sItas Sg ll<3 <w gu a5 a5 vS CO -- u l*sR in a <fi *2 85 s 5d |S ii uE Sff i5 1 IS b tt Ks ^t ill ll: S& S 5 o: a 3d cio 8a o* I : sO aa a a 3 a e a o D D a <5 ie in a o N N *3 N SI u O u U O u isn ii I* i& II i^ id a a 5 a aa r *4 ou 1a WNftYJ INDUSTRIES 8Q S> 3(f- r r> aI vi GLD055082 0049-GLD-000055082 HO.IC1 1'V- DIVISION CLAI fWJT STATUS AMOUNT DESCRIPTION I I i GLD055083 0049-GLD-000055083 |JH5 I A TER K io o e GDCSSEE \A J.E Y 4 0 100.000 PROPERTY DAMAGE CAtSEO BY MAL CP FIRE EXTINGUISHING SYSTEM. HANSON INDUSTRIES KXDDE, INC. AMERICAN EXCESS INSURANCE ASSOCIATION EXHIBIT #10 - _ ALL Over the past ten years, the following are those claims in excess of $1,000,000.: D/A Division Claimant Status Amount Description 07/27/77 Dura Hamed . C $4,482,344 Air tank exploded, causing amputation of leg. 03/02/81 Cosco Nelson C $1,000,000 Malfunction of car seat cause paralysis & brian damage to infant involved in autanobile accident. 07/05/83 K&S Hudson C $1,850,000 Elect. from weed-eater malfunction. 10/26/82 Dasiy Rsrais c $10,045,000 Brain damage caused by BB gun. 10/10/83 Cosco Blair c $2,500,000 Infant seat failure caused paralysis. 01/02/81 Daisy Bostwick c $1,800,000 Shot in head by BB gun 08/30/78 Richards Newson C $1,000,000 Three workers fell through roof of plant. 09/06/78 Grove Mabe C $1,100,000 Crane two-blocked-load fell claimant. 04/21/81 Grove losey c $2,589,000 Claimant struck in head by headache ball. It is interesting to note that Dura, Cbsco, K & S and Daisy appear on Exhibit #3, Discontinued Operations. * >r ^c' yip{, o* 6LD055084 0049-GLD-000055084 c 3i 5! *i i GLD055085 0049-GLD-000055085 'LX I RECV Li-.-s 2 CONNECTED as-'beu- 37 i4:53 47 FSJ BSN 9413227 EASYLINK 4737433C001 28SEP87 13:55/13:55 FROM: 5106018676 FMI INC UQ FARMINGTON MANAGEMENT INC TOs 340227 EST DATE: 09/23/87 TO: FRED S. JAMES & CO- OF BOSTON MR. <300030) ATTN: JOSEPH F. 2AVAGNIN RE: HANSON INDUSTRIES ENDORSEMENT WORDING THE FOLLOWING IS ENDORSEMENT WORDING THAT IS A PART OF THE QUOTATION SENT TO YOU TODAY. IF YOU HAVE ANY QUESTIONS REGARDING THE ENDORSEMENT, PLEASE CONTACT ME. THANK YOU. ALLEN F. LYONS < M X KE ST. PIERRE), AMERICAN EXCESS INSURANCE ASSOCIATION TELEX: 5106018676, EASYLINK: 62343426, FAX: 03-282-9393 MANDATORY ENDORSEMENT <FQR USE ON POLICIES ISSUED IN NEW YORK) IT IS AGREED THAT SUCH INSURANCE AS IS AFFORDED BY THE POLICY IS AMENDED AS FOLLOWS: 1. ``PAY ON BEHALF OF" IS SUBSTITUTED FOR "INDEMNIFY" WHEREVER SUCH WORD APPEARS IN THE POLICY. 2. BY THE ADDITION OF "... OR THE LICENSED AGENT QF THE COMPANY ..." AFTER THE WORD "... COMPANY ..." IN THE SEVENTH C7TH) LINE OF IV CONDITION <C) NOTICE OF OCCURRENCE OR CLAIM. GLD055086 0049-GLD-000055086 IV CONDITION (Q) CANCELLATION IS AMENDED TO READ AS FOLLOWS: *`<Q> CANCELLATION OR NON-RENEWAL THIS POLICY MAY BE CANCELLED: U> AT ANY TIME BY THE NAMED INSURED BY DELIVERING WRITTEN NOTICE TO THE COMPANY STATING WHEN, NOT LESS THAN THIRTY (30) DAYS FROM THE DATE THE NOTICE IS DELIVERED, CANCELLATION SHALL BE EFFECTIVE; OR () BY THE COMPANY BY DELIVERING WRITTEN NOTICE TO THE NAMED INSURED STATING WHEN, NOT LESS THAN NINETY (90) DAYS FROM THE DATE NOTICE WAS DELIVERED, CANCELLATION SHALL BE EFFECTIVE: EXCEPT, IN THE EVENT OF CANCELLATION FOR NONPAYMENT OF PREMIUMS SUCH CANCELLATION SHALL BECOME EFFECTIVE FIFTEEN (15) DAYS AFTER THE DATE NOTICE IS DELIVERED. PAYMENT OR TENDER OF UNEARNED PREMIUM IS NOT A CONDITION OF CANCELLATION. AFTER THE NEW OR RENEWAL POLICY HAS BEEN IN FORCE FOR MORE THAN SIXTY (S0> DAYS, THE POLICY MAY BE CANCELLED BY THE COMPANY ONLY IF: <A> REQUIRED PURSUANT TO A PROGRAM APPROVED BY THE SUPERINTENDENT OF INSURANCE OF THE STATE Or NEW YORK AS NECESSARY BECAUSE A CONTINUATION OF THE PRESENT PREMIUM VOLUME WOULD BE HAZARDOUS TO THE INTERESTS OF POLICYHOLDERS OF THE COMPANY, ITS CREDITORS OR THE PUBLIC. OR <B> THE CANCELLATION IS BASED ON ONE OR MORE OF THE FOLLOWING REASONS: (A) NON-PAYMENT OF PREMIUM, 6LD055087 0049-GLD-000055087 <B> CONVICTION OF ft CRIME ARISING OUT OF ACTS INCREASING THE HAZARD INSURED AGAINST, (C) DISCOVERY OF FRAUD OR MATERIAL MISREPRESENTATION IN OBTAINING THE POLICY OR IN THE PRESENTATION OF A CLAIM THEREUNDER, (D) DISCOVERY OF WILLFUL OR RECKLESS ACTS OR OMISSIONS INCREASING THE HAZARD INSURED AGAINST, (E) PHYSICAL CHANGES IN THE PROPERTY INSURED OCCURRING AFTER ISSUANCE OR LAST ANNUAL ANNIVERSARY DATE OF THE POLICY WHICH RESULT IN THE PROPERTY BECOMING UNINSURABLE IN ACCORDANCE WITH THE COMPANY'S OBJECTIVE, UNIFORMLY APPLIED UNDERWRITING STANDARDS IN EFFECT AT THE TIME THE POLICY WAS ISSUED OR LAST VOLUNTARILY RENEWED, OR (F) A DETERMINATION BY THE SUPERINTENDENT OF INSURANCE OF THE STATE OF NEW YORK THAT THE CONTINUATION OF THE POLICY WOULD VIOLATE OR WOULD PLACE THE COMPANY IN VIOLATION OF THE LAWS OF THE STATE OF NEW YORK. 6LD055088 0049-GLD-000055088 IN THE EVENT THE POLICY IS NOW-RENEWED BY THE COMPANY, WRITTEN NOTICE OF ITS INTENTION TO NQN-RENEW SHALL BE DELIVERED BY THE COMPANY TO THE NAMED INSURED AT LEAST SIXTY <6CD DAYS PRIOR TO THE TERMINATION OR RENEWAL DATE OF THE POLICY. SUCH NOTICE SHALL STATE THE REASONS FOR NON-RENEWAL. NO INCREASE IN RATES FOR SUCH POLICY SHALL BE IMPOSED UNLESS WRITTEN NOTICE OF INTENTION THEREOF IS DELIVERED TO THE NAMED INSURED AT LEAST SIXTY iSQs) DAYS PRIOR TO THE ANNIVERSARY DATE OF SUCH POLICY. DELIVERY BY HAND OF SUCH NOTICE EITHER BY THE NAMED INSURED OR THE COMPANY SHALL BE SUFFICIENT DELIVERY. WRITTEN NOTICE SHALL BE DEEMED SUFFICIENT DELIVERY IF SENT BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OH BY TELEX AND RECEIPT IS ACKNOWLEDGED. THE POLICY PERIOD SHALL END ON THE EFFECTIVE DATE AND HOUR OF CANCELLATION STATED IN THE NOTICE. IN THE EVENT OF CANCELLATION BY THE INSURED, THE PREMIUM RETAINED BY THE COMPANY SHALL BE CALCULATED IN ACCORDANCE WITH THE COMPANY'S SHORT RATE TABLE WHICH IS ATTACHED HERETO AS SCHEDULE C. IN THE EVENT OF CANCELLATION BY THE COMPANY, THE PREMIUM RETAINED BY THE COMPANY SHALL BE CALCULATED PRO-RATA BASED UPON THE DURATION OF THE POLICY PERIOD. FOR PURPOSES OF NOTICE REQUIRED UNDER THIS CONDITION <Q) OR PURSUANT TO REGULATION, THE OFFER BY THE COMPANY OF RENEWAL ON TERMS OR PREMIUMS DIFFERENT FROM THOSE IN EFFECT DURING THE POLICY PERIOD SHALL NOT CONSTITUTE CANCELLATION OR NON-RENEWAL OF THIS POLICY BY THE COMPANY. GLD055089 0049-GLD-000055089 4. THE DEFIN11 /N OF <G> "DAMAGES" OF V DL. ^NITONS IS AMENDED TO READ AS FOLLOWS: "DAMAGES" MEANS DAMAGES ON ACCOUNT OF PERSONAL INJURY, PROPERTY DAMAGE OR ADVERTISING OFFENSE, BUT "DAMAGES'* DO NOT INCLUDE GOVERNMENTAL, CIVIL OR CRIMINAL FINES OR PENALTIES AND "DEFENSE EXPENSES. ** 5. SUBPARAGRAPH OF <Q> "PERSONAL INJURY" IS AMENDED TO READ AS FOLLOWS: MMMM "(2) INJURY ARISING OUT OF FALSE ARREST, DETENTION OR IMPRISONMENT, MALICIOUS PROSECUTION, WRONGFUL ENTRY DR EVICTION OR OTHER INVASION OF THE RIGHT OF PRIVATE OCCUPANCY, OR HUMILIATION; AND FSJ BSN S402S7 DISCONNECTED ES-Seo-87 15:13 5 MSG 542 GLD055090 0049-GLD-000055090 TLX I RECV Line CONNECTED 9-Seo-87 14:05 45 FSJ BSN 940227 EASYLINK 504405C001 29SEPS7 FROM: 5106018676 FMI INC UQ FARMINGTON MANAGEMENT TO: 940227 13:07/13:07 INC EST 09/29/67 TO: DATE: ATTN: RE: FRED S. JAMES & CO. 09/29/87 JOSEPH F. ZAVAGNIN HANSON INDUSTRIES OF BOSTON MA. (300080) AMERICAN EXCESS INSURANCE ASSOCIATION 77 HARTLAND STREET EAS24&/2D. CT 06108 PREMIUM BEARING BINDER NAMED HANSON INDUSTRIES INSURED 410 PARK AVENUE 10/01/88 AND TIME AT ADDRESS NEW YORK, NY 10022 NAMED INSURED BINDER PERIOD FROM 10/01/87 TO 12:01 A.M. STANDARD THE ADDRESS OF THE BINDER CONDITIONS THE ASSOCIATION HEREBY ACKNOWLEDGES ITSELF BDUND, ON AND AFTER THE EFFECTIVE DATE AND HOUR INDICATED, UNDER SUCH CONTRACTS OF INSURANCE ISSUED BY THE ASSOCIATION. THE INSURANCE HEREUNDER IS SUBJECT TO THE TERMS AND CONDITIONS OF THE AMERICAN EXCESS INSURANCE ASSOCIATION POLICY FORM, INCLUDING THE LIABILITY OF INSURER'S ENDORSEMENT AND AS FURTHER AMENDED 4</ /NDORSEMENT<S> AS FOLLOWS: GLD055091 0049-GLD-000055091 OCCURRENCE POLICY NUMBER UNDERLYING AMT. TERRITORY STATE SCHEDULE OF COVER -S TAX LINE OF LIMIT OF DIST. BUS. LIABILITY PER HR888816187 31 TBD XY 180./ OF $ 25. MILLION * 75. MILLION TOTAL ADVANCE PROVISIONAL PREMIUM $1,178,088.08. THE PREMIUM STATED IS AN ADVANCE PROVISIONAL PREMIUM. ACCEPTANCE BY THE NAMED INSURED OF THE POLICY REPLACING COVERAGE PROVIDED HEREUNDER SHALL RENDER THIS BINDER NULL AND VOID. THE PREMIUM FOR THIS BINDER WILL BE CREDITED AGAINST THE DEPOSIT OR ADVANCE POLICY PREMIUM. IF THE PREMIUM FOR THE POLICY EXCEEDS THE #/33 TO THE ASSOCIATION IF LESS THE ASSOCIATION SHALL RETURN THE OVERPAYMENT TO SUCH NAMED INSURED. THIS BINDER MAY BE CANCELLED, UNDER THE TERMS AND CONDITIONS PROVIDED BY THE FORM OF POLICY APPLICABLE, OR BY SURRENDER BY THE NAMED INSURED OF THIS BINDER. A PREMIUM ADJUSTMENT WILL BE MADE IN COMPLIANCE WITH SECTION Q OF THE POLICY. MIKE ST.PIERRE (COUNTERSIGNED BY) MMMM FSJ BSN 948227 DISCONNECTED 3-Seo-a7 14s13 48 MSG 562 GLD055092 0049-GLD-000055092 TLX I RcCV Lire CONNECTED 28-SeD-87 14:32 48 FSJ BSN 340227 EASYLINK 4790S83D001 2BSEP67 13:34/13:34 EST FROM: 510601SE76 FMI INC UG FARMINGTON MANAGEMENT INC TO: 940227 TO: DATE: ATTN: RE: FRED S. JAMES & CO. 09/28/87 JOSEPH F. ZAVAGNIN HANSON INDUSTRIES OF BOSTON MA. (300080) THE AMERICAN EXCESS INSURANCE ASSOCIATION OFFERS $ 75. MILLION IN THE AGGREGATE EXCESS OF A PER OCCURRENCE UNDERLYING AMOUNT OF 25. MILLION EFFECTIVE 10/01/87 AND EXPIRING 10/01/88 AT A PREMIUM OF $1,170,000.00. THIS OFFERING IS BASED UPON THE AMERICAN EXCESS INSURANCE ASSOCIATION FORM AEIA-1 AS ATTACHED TO THE APPLICATION, THE LIABILITY OF INSURER1 S ENDORSEMENT AEIA-2, AND AS FURTHER AMENDED BY THE ENDORSEMENT(S) AS FOLLOWS.* AEIA-S-6 NEW YORK SPECIAL & THE RETROACTIVE DATE IS 10/01/86. THE EXTENDED REPORTING PERIOD ELECTION CHARGE FOR THE FULL FIVE YEARS IS 44./ OF $1,170,000.00. Th is OFFER EXPIRES ON 10/28/87 UNLESS A WRITTEN ORDER IS RECEIVED BY US PRIOR TO THAT DATE. THIS OFFER IS VALID UNTIL THAT DATE SUBJECT TO THE CONDITION THAT THERE ARE MO SUBSTANTIAL CHANGES IN THE ACCOUNT'S EXPOSURES OR LOSSES SINCE THE DATE OF THE PREPARATION OF THE APPLICATION. PREMIUM IS DUE AND PAYABLE BY 10/30/87. YOUR OFFICE WILL BE RESPONSIBLE FOR ANY COUNTERSIGNATURE ARRANGEMENTS AND FEES. PLEASE CONSIDER THE FOLLOWING IMPORTANT FEATURES OF THIS QUOTATION: 1) YOU WILL RECEIVE ONE POLICY WHICH REFLECTS THE PARTICIPATION OF EVERY MEMBER DF ASIA. NO GAPS OR DISPUTES BETWEEN PARTICIPANTS OR LAYERS. YOU DEAL WITH ONE UNDERWRITING FACILITY AND ONE CLAIM MANAGER. 2) THE FULL LIMITS QUOTED ARE OFFERED WITHOUT THE NEED FOR CAPITALIZATION OR CONTRIBUTION TO A RESERVE PREMIUM FUND. THE INSURED IS NOT LOCKED IN. SOME OF OUR COMPETITORS CHARGE A PREMIUM RESERVE FUND WHICH IS HELD WITHOUT PAYMENT OF INTEREST TO THE INSURED. GLD055093 0049-GLD-000055093 Ac QUOTE ;si. T YOU PAY. THERE ARE NO ' 1 FEES. THERE IS NO U.S. FEDERAL EXCISE tAX INVOLVEMENT. OUR PREMIUMS ARE TAX DEDUCTIBLE 4>Th .E AVAILABILITY OF AN EXTENDED REPORTING PERIOD IS GUARANTEED AND THE PRICE HAS ALREADY BEEN QUOTED ABOVE. 5) THE POLICY INCLUDES A LIMITED FORM OF POLLUTION. 6) A LIMITED FORM OF CARE, CUSTODY & CONTROL COVERAGE IS INCLUDED. 7) PUNITIVE DAMAGES ARE COVERED WHERE PERMITTED BY LAW. B)ARBITRATION IS CONDUCTED UNDER CONNECTICUT LAWS. 9)THIS COVERAGE IS ADMITTED. THE POLICY FORM IS FILED. 120SEPARATE POLICIES ISSUED TO OTHER ENTITIES INSURED BY AEIA DO NDT REDUCE t h E LIMITS. ix)PREMIUM IS DUE AS STATED ABOVE. YOU NEED NOT PAY THE PREMIUM PRIOR TO BINDING. >iin s u r a n c e p l a c e d w it h a e ia i s a t r u e t r a n s f e r o f r is k t o TRADITIONAL, LONG ESTABLISHED, FINANCIALLY SECURE RISK ASSUMERS. AS RESPECTS ATTACHMENT POINT AND LIMIT, THIS IS THE ONLY QUOTATION AEIA IS WILLING TO OFFER AND IS IN KEEPING WITH YOUR REQUEST AS CONTAINED IN THE APPLICATION OR AS NEAR AS AEIA IS WILLING TO COME TO YOUR REQUEST. PLEASE ADVISE US OF THE OUTCOME OF THIS PROPOSAL. BYi ALLEN F. LYONS. 03/8/67 TELEXs 510S01S67S (MIKE ST. PIERRE) AEIA EAST HARTFORD EASY LINK: 943426 DATE: MMMM FSJ BSN 940227 DISCONNECTED 28-Seo-87 14:41 46 MSG 541 GLD055094 0049-GLD-000055094 "LX : RECV Line CONNECTED 9-5eo-Q7 14:44 46 rBJ BSN 940227 EASYLINK 5056S50C001 29SEP87 13:46/13:46 EST EROMj 910240123 "MI KTFD CT FARMINGTON MANAGEMENT INC TO: 940227 10/01/67 ATTN: JOSEPH F. ZAVA3NIN RE: HANSON INDUSTRIES INVOICE NO: HR00001S1B7B274 POLICY NO: HR000016187 EFF DATE: 10/01/87 EXPIRATION DATE: 10/01/BS TRANSACTION TYPE: BINDER GROSS PREMIUM: *1,170,000.00 PAYMENTS MUST BE RECEIVED BY: . 10/31/87 PAYMENT OPTIONS: 1. MAKE CHECKS PAYABLE TO: AMERICAN EXCESS INSURANCE ASSOCIATION MAIL CHECKS ALONG WITH A COPY OF THIS INVOICE TO AMERICAN EXCESS INSURANCE ASSOCIATION P. 0. BOX 40.000 DEPT. 771 HARTFORD, CT 06151 . WIRE TRANSFER FUNDS TO: CONNECTICUT BANK AND TRUST COMPANY ONE CONSTITUTION PLAZA HARTFORD, CT <36115 ACCOUNT NAME: FARMINGTON MANAGEMENT INC. AS AN AGENT FOR MEMBERS OF ASIA (PREMIUM TRUST) ACCOUNT NUMBER 0900443 REGUEST PHONE ADVICE TO: DEBRA WINTER. 526-2250 TELEX TO 910 240 1230 THE FOLLOWING INFORMATION REGARDING PAYMENT: PRODUCER NAME, ACCOUNT NAME, INVOICE NUMBER, AMOUNT TRANSFERRED, AMD DATE TRANSi-ERRED PLEASE REFER ANY QUESTIONS CONCERNING THIS BILL TO DEBRA WINTER AT (03) 526-2250 REGARDS, MMMM FSJ BSN 940227 DISCONNECTED 29-Seo--67 14:AS 35 MSE 5S3 GLD055095 0049-GLD-000055095