Document G6bwprYy1bJG61EYjzb6J37Mn

5. tn ><. o rr\ v j 'n 3 X - r" >x -L < <$v ` Ki o % cr> OQ Q H- U' fl I 3 P) 3 >< Ul fo r lA x/' c 3 & X tr X CO ON I Kj Ln CO oo U! * ** GLD052244 0049-GLD-000052244 920 Marsh & McLennan XLX 148 5449 BLANKET EXCESS LIABILITY POLICY NTK (FOLLOWING FORM) Coverage !i provided In the Company designated by number, S 9 stoelt imurane* Company (hr*tn eolitd tti* Compony) DECLARATIONS ITEM t. INSUKCD'S NAME AND ADDRESS (NO.. STREET. TOVUMl COUNTY. STATE) r -"i SCM Corporation 299 Park Avenue New York, N.Y. FIREMAN'S FUND INSURANCE COMPANIES MAIL ADDRESS 3AN FRANCISCO CALIFORNIA 3-ao XLX- 162 05 68 01 FIREMAN'S FUND MUIWCECCUMHV W mom 0UCMU 18 THE AMERICAN t PUMICE COMPANY PAR&PPANV. NEW JERSEY 07 NATIONAL SURETY OORAOMUCN CMCAOCL 13 ASSOCIATED INDEMNITY OONPOfUnON SAMPRAMOSOa CAUAQWA 15 AMERICAN AUTOMOBILE CRE COEUH. MISSOURI L POLICY PERIOD: _J ITEM 2.- 1/1/84 1/1/85 INCEPTION (MO. DAY YR.) EXPIRATION (MO. DAY YR.) 18:01 A.M., STANDARD TIME AT THE ADDRESS OP THE NAMED INSURED AS STAYED HEREIN. ITEM 4. ITEM 0. % LIMIT OF LIABILITY: ________ % * 10,000,000 EACH o c c u r r e n c e * iO,QQQ,OOQ l ag g r eg at e UNDERLYING INSURANCE LIMIT OF LIABILITY p/o 25,000,000 * 14,000,000 * 14,000,000 * EACH OCCURRENCE ag g r eg at e PREMIUM BASIS Flat charge ITEM 0. ADVANCE PREMIUM: * ANNUAL MINIMUM PREMIUM: 0 35,000 35,000 IN THE EVENT OF CANCELLATION BY THE NAMED INSURED. THE COMPANY SHALL RECEIVE AND RETAIN NOT LESS THAN $ AS THE POLICY MINIMUM PREMIUM. ITEM 7. SCHEDULE OF UNDERLYING INSURANCE: Hartford 9,000,000 GIBRALTER 5,000,000 *Tax Terr Code 06079 FOLLOWING FORM BLANKET EXCESS LIABILITY POLICY The Company designated above, a stock insurance company, therein called the Company) agrees with the insured, named in the declara tions made a part hereof, in coneideration of the payment of premium and in reliance upon the statements in the declarations and subject to the limits o! liability, exclusions, conditions and other terms of this policy: INSURING AGREEMENTS I. Coverage. To indemnify the Insured for the Insured's ultimate net loss in excess of the insurance afforded under the Blanket Excess Liability or `'Umbrella" policies specified in Item 7 of the Declara tions, hereafter called underlying insurance, in full force and effect at the inception oi.this policy, provided that the insurance for injury to or destruction of property under this policy and underlying policies shall not apply except as respects Injury to or destruction of corporeal property, including loss of use thereof. Z limit of liability. The Company shall be liable only for the limit of liability stated in Item 3 of the Declarations in excess of the limit ar limits of liability of the applicable underlying insurance policy or policies all as stated in the declarations oi this policy The limit of the liability stated In the declarations as applicable to ``each occurrence" shall be the total limit of the Company's liability for all damages sustained as the result of any one-occur rence, provided, however, in tho event of reduction or exhaustion of the applicable aggregate limit or limits of liability under said underlying policy or policies solely by reason of losses paid there under on account of occurrences during this policy period, this (Continued policy shall in the event of reduction, apply as excess of the reduced limit of liability thereunder. Subject to the applicable limit oi liabil ity as respects each occurrence, the limit of liability stated in the declarations as "aggregate" shall be the toted limit of the Company^ liability for all damages sustained during each annual period of this policy. Z Policy Period. This policy applies only to occurrences which take place during the policy period. DEFINITIONS "Ultimate net loss" means all sums actually paid, or which the Insured is legally obligated to pay, as damages in settlement or satisfaction of claims or suits for which insurance is afforded by this policy, after proper deduction oi all recoveries or salvage. CONDITIONS 1. Maintenance of Primary Insurance. The Insured warrants, and it is a condition of this policy, that at the inception of this policy, insurance afforded by the underlying policies of insurance (applyPage Two) COUNTERSIGNATURE DATE COUNTS*H3JGN^rrURE.OF AUTHORIZED AGENT E.T. 2/28/84 PAGE ONE S02--2-72 GLD052245 0049-GLD-000052245 POiC'NUMBER i*SUa60 5"K'wl 3-80 3CLX 162 05 68 SCM Corporation ONE OF t h e FIREMAN'S FUND INSURANCE COMPANIES aacr-wce* 1/1/84 ------. Marsh Mclennan _J^CQuMTt^iq;MAJPP 0B At;!/9>FCSB AC. EMT ' V 30009--6-65 SETS /2k , .i/ ' *6S06Nr 14* NAMED INSURED ' #1 ! __________________________________________________________________________________I SCM Corporation, all subsidiaries and subsidiaries of Cbe subsidiaries, SCM Foundation; any other company of which it; assumes active management and any employer-sponsored employee associations or clubs of the named insured and Sylvachem Corporation, Jotun-Baltimbre Copper Paint Company and Compahla Envasadora Loreto S. A. as joint ventures. POLiCr HUMBC** 3-60 XLX 162 05\6B SCM Corporation ON0'BTHt FIREMAN'S FUND INSURANCE COMPANIES At MAAdFniM THCftOLlCV , a<WM e ae ctrrc V /2k , n/ . PRESIDENT <0 X s*Oiuc 1/1/34 Marsh i McLennan COUNTgWjiGMATuuE y* AulHOWUfcCJ ftogn; NAMED INSURED Endt. # 1 iwvt t- "SCM Corporation, all subsidiaries and subsidiaries of the subsidiaries, SCM Foundation, any other company of which it assumes active] management and any employer - sponsored employee association or club ofl the Named insured and sylvachem Corporation add compania Envasadora Loreto s.A. as Joint Ventures." GLD052246 0049-GLD-000052246 POLICY ArUMSSB 3-60 XLX 162 05 66 SCM Corporation CMC OP Th e FIREMAN'S FUND INSURANCE COMPANIES AS NAMED 'N 1H POLICY U 180009-6-85 SETS OBESiOENT 10* ""CCrUtS Marsh A McLennan ecc'**E 1/1/84 - ------- - 1 CANCELLATION AMENDMENT ENDORSEMENT (EXCESS UMBRELLA) Revised #3 XT IS HEREBY UNDERSTOOD AND AGREED THAT THE FIRST (1st) SENTENCE OF CONDITION 8, CANCELLATION, IS VOIDED AND REPLACED BY THE FOLLOWING: "THIS EOLICY MAY BE CANCELLED BY. EITHER PARTY UPON SIXTY (60) DAYS FORTY (45) DAYS NOTICE VITH RESPECT TO CANCELLATION FOR NON-PAYMENT OF PREMIUM, IN WRITING TO THE CITHER STATING THE DATE CANCELLATION SHALL BE EFFECTIVE." ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED POLICY NIlWSFP 3-80 XLX 162 05 68 SCMCorp6ration c n e o* t h e FIREMAN'S FUND INSURANCE COMPANIES HSL3E3 aa00L*<,o Marsh & McLennan 1/1/84 CCllVTEBSiGHATUHE 0' AlTHORIJSjj *0E **T / P*ES>06MT V)K "REVISED" #2 FOLLOWING FORM WORDING FOR SCM CORPORATION "IT IS AGREED AND UNDERSTOOD THAT EXCEPT ONLY WITH RESPECT TO POLICY TERM, PREMIUM AND LIMIT OF LIABILITY, THIS POLICY IS HEREBY AMENDED TO FOLLOW ALL THE TERMS, CONDITIONS, DEFINITIONS AND EXCLUSIONS OF THE FIRST LAYER UMBRELLA (INSURER BARTFORD POLICY NO. 10HUHE170D) AND ANY ENDORSEMENT ATTACHED HERETO, AND ALL PREPRINTED TERMS AND CONDITIONS HEREON ARE DELETED TO THE EXTENT THAT THEY VARY FROM OR ARE INCONSISTENT WITH -THE TERMS AND CONDITIONS OF THE FIRST LAYER HARTFORD UMBRELLA." j POLICY HUMflE" 3-80 XLX 162 05 68 SCM Corporation iNSuec> 5;6EC* v 1/1/64 ONE Of THE FIREMAN'S FUND INSURANCE COMPANIES Al.NAMCOIN THf POIlOY *?**o jdL* (f PftFSIOtNt IB* MMuCEfl---------------------------------------Marsh 6 McLennan COUHIEH&IONAYjRt 06 AkJlHO*2EO *&.* GLD052247 0049-GLD-000052247 AMENDATORY ENDORSEMENT - LIMIT OF LIABILITY #4 INSURED SCM Corporation PRODUCER Marsh & McLennan POLICY NUMBER 3-80XLX 162 05 68 EFFECTIVE OATE 1/1/84 In consideration of the premium charged, it is agreed Insuring Agreement 2, Limit of Liability, is changed to read as follows: 2. Limit of Liability. Tti"e Company shall be liable only for the limit of liability stated in Item 3 of the Declarations in excess of the limit or limits of liability of the applicable underlying insurance policy or policies all as stated iri the declarations of this policy. The limit of the liability, stated in the declarations as applicable to "each occurrence" shall be the total limit of the Company's liability for all damages sustained as the result of any one occurrence, provided, however, in the event of reduction or exhaustion of the applicable aggregate limit or limits of liability under said underlying policy or policies solely by reason of losses paid thereunder, on account of occurrences during this policy period, this policy shall In the event of reduction, apply.as excess of the reduced limit of liability thereunder. Subject to the applicable limit of liability as respects each occurrence, the limit of liability stated in the declarations as "aggregate" shall be the total limit of the Company's liability for all damages sustained during each annual period of this policy because of {i} personal injury and property'damage arising out of the completed operations hazard and products hazard combined; or (ii) advertising whenever occurring by whatever media, on account of all occurrences; or (iii) injury arising out of any hazard, other than as described in (i) and (ii), to which the underlying policy affords coverage subject to an aggregate limit and to which this policy also applies. All other terms and conditions of the policy remain the Same and unchanged. . ONE OF THE FIREMAN'S FUND INSURANCE COMPANIES AS NAMED N THE POLICY 180001--1 -65 V PRESIDENT c o u n t er s ig n at u r e o f au t h o r ized ag en t 0049-G LD-000052248