Document Dv7XQNaEBZ9QxavXRaE1bXNoo

N21301 1 rt m CD X. rn & E2 Q> cl* M Os \M H-* -J ^ U> -4 I V> O I V I--* 4* --O 00 o \Xa GLD051651 0049-GLD-000051651 KCfNC ryj NEW Mairtars Q* 1. Assured: '/ '* * ' ' 6179- 0940' Gr a n it e St a t e in s u r a n c e c o mp a n y Ne w Ha mp s h ir e in s u r a n c e c o mp a n y Ma n c h e s t e r . Ne w Ha mp s h ir e C V. STARR & CO. UNDERWRITING MANAGERS SAN FRANCISCO SEATTLE LOS ANGELES PORTLAND CHICAGO DECLARATIONS '. \V.. * I\ Cl SCM CORPORATION, EX AL h( V ' \C\- ^0 7 (AS MORE FOLLY DEFINED IN UNDERLYING UMBRELLA POLICY/IES) ... -| - , V Address; 299 PARK AVENUE NEW YORK, NEW YORK 10017 2. Policy Period: From JANUARY 1, 1979 TO JANUARY A, 1980 both days at 12 :01 A.M. (Standard Time) at the location^) of the risk(s) insured and in accord with the terms and con ditions of the form(s) attached. / 3. Amount: $ 2,500,000. PART OF $10,000,000..EXCESS OF $35,000,000. 4. Coverage: EXCESS UMBRELLA LIABILITY . 5. Premium: A) Provisional or deposit premium S 5,000.00 B) Minimum Premium $-- C) Basis of Adjustment (Rate) FLAT O! Audit Period NONE Assignment of this Policy shall not be valid except with the written consent of this Company. This Policy is made and accepted subject to the foregoing provisions and stipulations and those hereinafter stated, which are here by made a part of this Policy, together wi th such other provisions, stipulations, and agreements as may be added hereto, as provided in this Policy. Unless otherwise provided herein, this Policy may be cancelled on the customary short rate basis by the Assured at any time by written notice or by surrender of this Policy to the Company. This Policy may also be cancelled, with or without the return or tender of the unearned premium, by the Company or by the Underwriting Managers in its behalf, by delivering to the Assured or by sending to the Assured by regular mail, at the Assured's address as shown herein, not less than 30 days written notice stating when the cancel lation shall be effective, and in such case Insurers shall refund the paid premium less the earned portion thereof on demand, subject always to the retention by Insurers hereon of any minimum premium stipulated herein (or proportion thereof previously agreed upon) in the event of cancellation either by Insurers or Assured. Not withstanding anything to the contrary contained herein and in consideration of the premium for which this insurance is written, it is understood and agreed that whenever an additional or return premium of $10.00 or less becomes due from or to the Assured on account of the adjustment of a deposit premium, or of an alteration in coverage or rate during the term or for any other reason, the collection of such premium from the Assured will be waived or the return of such premium to the Assured will not be made, as the case may be. j In Witness Whereof, the Company has caused this Policy to be executed and attested, but this Policy shall not be valid unless countersigned by a duly authorized (representative of the Company. JANUARY 10, 1979 DW/SS/zqa Secretory Countersigned CVS 1114 CRIGINAt GLD051652 0049-G L D-000051652 EXCESS UMBRELLA POLICY Named Assured: As stated in Item 1 of the Declarations forming a part hereof and/or subsidiary, associated, affiliated companies or owned and controlled companies as now or hereafter constituted and of which prompt notice has been given to the Company. ITEM 1. ITEM 2. -I.TEM 3. ITEM4. ITEM 5. ITEM 6. ITEM 7. SCHEDULE NAMED ASSURED Underlying Umbrella Policies: Underlying Umbrella limits (Insuring Agreement II): SCM CORPORATION, ET AL THE HARTFORD INSURANCE GROUP, OTHER COMPANIES ON FILE. $35,000,000. PRUDENTIAL REINSURANCE AND VARIOUS Underlying Umbrella Aggregate Limits (Insuring Agreement II): $35 ,000,000. Limit of Liability (Insuring Agreement II): $ 2,500,000. PARI OF $10,000,000. Aggregate Limitof Liability (Insuring Agreement II): $ 2,500,000. PART OF $10,000,000. Notice of Occurrence (Conditions 4) to: C.V. Starr & Co. , THREE EMBARCADERO CENTER, SAN FRANCISCO,CA. 9411 INSURING AGREEMENTS L COVERAGE The Company hereby agrees, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Assured for alt sums which the Assured shall be obligated to pay by reason of the liability (a) imposed upon the Assured by law, or (b) assumed under contract or agreement by the Named As sured and/or any officer, director, stockholder, partner or employee of the Named Assured while acting in his capa city as such. for damages, direct or consequential and expenses on account of: (i) Personal injuries, including death at any time resulting therefrom. (ii) Property damage, (iii) Advertising liability, caused by or arising out of each occurrence happening anywhere in the World, and arising out of the hazards covered.by and as defined in the Underlying Umbrella Policies stated in Item 2 of die Decla rations, (hereinafter called the "Underlying Umbrella Insurers"). Attached to and forming partof Policy No. 6179--0940 Issued to: % Dated: SCM CORPORATION, ET AL JANUARY 10, 1979 23310 Rev. !-ra II. LIMIT OF LIABILITY - UNDERLYING LIMITS It is expressly agreed that liability shall attach to the Company only after the Underlying Umbralla Insurers have paid or have been held liable to pay the full amount of their respective ultimate net loss liability as follows:- $ (as stated in Item 3 of the Declarations) Ultimate net loss in respect of each occurrence, but $ (as stated in Item 4 of the Declarations) in the aggregate for each annual period during the currency of this Policy separately in respect of Products Liability and separately in respect of Personal Injury (fatal or nori-fatal) by Occupational Disease sustained by any employees of the Assured. and the Company shall then be liable to pay only the excess there of up to a further $ (as stated in Item 5 of the Declarations)- ultimata net loss in ail in respect of each occurrence-subject to a limitof $ (as stated in Item 6 in die aggregate for each annual per- of the Declarations) iod during the currency of this Poli cy separately, in respect of Prod ucts Liability and separately in re spect of Personal Injury (fatal or non-fatal) by Occupational Disease sustained by any employees of the a Assured. GRANITE STATE INSURANCE COMPANY NEW HAMPSHIRE INSURANCE COMPANY rrmC.V. STARR 8t COMPANY GLD051653 0049-GLD-000051653 ENDORSEMENT NO. 1 CANCELLATION - ALL OTHERS IT IS HEREBY UNDERSTOOD AND AGREED THAT, EXCEPT FOR NON-PAYMENT OP ANY PREMIUM, THE COMPANY SHALL PROVIDE STOTY ffim________ DAYS NOTICE IN THE EVENT OP CANCELLATION. All otficr Itrms and conditions rmoin unchanged Effective dale of this endorsement is: JANUARY 1, 1979 Attached lo ond forming port of No___ 6179-0940___________ Issued to: SCM CORPORATION, ET AL * O NEW HAMPSHIRE INSURANCE CO. 0 GRANITE STATE INSURANCE COMPANY C. V. STARR & CO. Underwriting Managers Doted JANUARY 10, 1979 > Itw. <ml END. #1 By- ^'eSSrfrt- GLD051654 0049-GLD-000051654