Document GKwb5EDJdXGZYkKL5YL5eMRYn
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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) Numo and Address ol Applicant (To uppour us Numod Insured If policy Is Issuod): HAwsnw TMnnsTR-res------------------------------------------------------------------------------------------------------------------410 PARK AVENUE MEW YORK. NEW YORK 10022 (b) State of Incorporation:: (c) Effective Date of Coverage: OCTOBER 1. 1987 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 'EXHTRTT ajH
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.
4. List 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.
IN ADDITION TO THOSE ENTITIES SHOWN ON EXHIBIT #1, COVERAGE IS TO BE PROVIDED FOR OPERATIONS OF MARFLEET, IN EXCESS OF ^25M(EEEAHS WERE PREVIOUSLY PROVIDED).
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AEIA-3
N17562
5. II other than the Named Insured above shall represent all insureds in all matters under this policy (such as but nol limited to: premium payment, negotiation ot renewal terms, payment of claims), indicate name and address (to appear as Named Insured's representative it policy is issued):
N/A;
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
NONE
7. Attach a copy of the latest Annual Report and Form 10K (or the equivalent if not applicable) of the Applicant and each company listed on Schedule A for the most recent year.
8. Estimates of:
(a) Annual Payroll (in U.S. dollars) 1-USA $ 795,504,j43_ 2-Canadian $ TNC^L.________
3-Foreign $ INC'L,
(b) Annual Sales (in U.S. dollars) 1 -USA $ 3,455,837,000. 2-Canadian $INC'L.________
3-Foreign $
________________
Describe any "Inter-Company Sales" exceeding 10% of the total: N/A _________________________________________________________________________
)
(c) Number of Employees
1 -USA $ 35,250
2-Canadian $ INC'L._________
3-f-oreigr $
(d) 1. Annual Advertising Expenditure (in U.S. dollars)
at 45.500.000.___________________________________ ____ -_____
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6LD054964
0049-GLD-000054964
2. Type of media use and proportion of total expenditure on each
MAGAZINES-197oi TRADE JOURNALS-ir/.; EXHTRXTS-r/.: PRfMTTTnNAT^ T .TTFr a t i n?F-i270. TFTKVTRTON-1.8%: RADIO-47:; NEWSPAPRRR-1fTTHERS-l fi7.
(e) If the Applicant has any exposure under the following, indicate payrolls: 1. .Iftftfls Ar.t $111 f 000 (C0DE702a\-
2. Federal Employers Liability ArNO 'KNOWN `PAVRflTl.S
9. Automotive power units: (estimated total owned & leased by type)
(a) Private passenger
_________________Trucks and Tractors
505
School buses5_______________________________ Taxi-Livery-------------------------- Q
(b) Type of cargo hauled (elaborate where inflammable/explosive substances hauled) INSURED*S OWN PRODUCTS; LIMITED BACKHAUL OPERATIONSMFG.)
(c) Give details of long haul (over 500 miles -- one way) operations A&S; ANDERSON-HICKEY; BROWN MOLDING; MW MFG; COLUMBIA LTCHTENG-and PRESCOLTTE TOLL HAUL CWN GOODS IN EXCESS OF 500 KITES fW fiflME TRIPS.
10. Description of Operatfons:
(a) Describe any details 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 #1
(b) Describe any discontinued operations or sold entities for which coverage is required. Describe products and the disposition of product liability: ----------------------------------------------------- ,---------------
SEE EXHIBTf# 11.
(c) Describe any areas of expected expansion, change, or new products in next 6 months:
HANSON INDUSTRIES HAS AND WILL CONTINUE^TO AnQTHSF. OfiMPANXES wmTH
FIT INTO ITS MAJOR BUSINESS SEOTFTTTS TJRFW THE! FRHPER nPPnttTTTMTTY
ARISES.
_________
_____
__________....
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GLD054965
0049-G LD-000054965
11. (a) Describe any non-owned, owned, leased or chartered watercralt or watercraft risks for which cov erage is requested: TUG BOAT "SATIN LADY" (BALTTK>HE,MD)
3 - BARGES (BALTIMORE, HD)
1 - QUTJ30AHD (JOILbT, XL):
(b) Describe any railroad exposures including details of any facilities/operations owned or operated (other than incidental sidings and premises grade crossings): INCIDENTIAL SIDE TRACK AGREEMENTS ONLY,
(c) Describe any intra-city light-rail exposure (e.g., subway, street car, etc.) for which coverage is requested: NO KNCWN EXPOSURE.
Description of Operations
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
___________________
_______________
_____________
i
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GLD054966
0049-GLD-000054966
12. With respect lo malpractice and professional liability exposures, stale: A. 1. Medical (incidental to other operations): (a) Number of doctors employed:I-----------------------------------------------------------------------(b) Number of nurses employed:12 (c) If Hospital or Medical facilities are maintained by the Applicant, give location, number of beds, occupancy rate and other pertinent information: U/M-----------------------------------------------------------------------------------------------------------------
(d) Do any patients, not employees of the Applicant, use the services of such doctors, nurses or hospitals?------------------------------------------------------ :---------------------------------------
Indicated percentage of non-employee patients 2. Medical (other titan incidental):........... ---------------------------------------------------------------------------------
(a) List all hospitals or medical facilities showing location, number of beds and occupancy rate, outpatient'visits: m/a ------------------------------------------------------------------- ------------------------------------:--
(b) List nursing homes operated showing number of beds: K/A------------------
B. Non-medical (&g.. Architects, Engineers, Accountants, Lawyers, etc.). Describe extent to which
such services are provided to third parties:
NO KNOWN EXPOSURES. '
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GLD054967
0049-GLD-000054967
13. Attach a ust or describe below the products manufactured, handled, distributed or sold or services performed under the following classifications:
Classification
Description
SEE EXHIBIT #1. (a) Aiicrall and/or Aerospace
Products or any material or substance supplied di rectly to or for 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 (I) Pollution control devices
(g) Other products, or major services performed
Annual Sales
Domestic $
Foreign $
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:
SEE EXHIBIT #12.
(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.):
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6LD054968
0049-GLD-000054968
15.Contractual/Hold Harm. ../indemnity Agreements -- provide details jn> ..nich could reasonably be considered to be outside of the scope of those agreements normaly 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:
NO KNJWN EXPOSURES OUTSIDE OF THOSE WHICH ARE NDIftflILY ENTERED INTO BY THE APPLICANT.
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. Is the program self-administered? If administered by a service company or insurance company, name of administrator:
VARIOUS VENDORS ARE UTILIZED BY HANSON TO PBBB7IDE UPSS CONTROL SERVICES.
TTJrrrjmTNR: F_ S. JAMES. NATL^CO^.SELF-AIMDCTSIERED AND OTHERS. ALSO
SEE EXHIBIT #13.;
17. List on Schedule B all liability insurance of the Applicant. List layered policies in: ascending order of attachment, including layers retained by Applicant:
SEE EXHIBITS #5. 6 and 7.
________________________
18. As Respects Underlying Insurance (respond below or in additional comments column on Schedule B): (a) Explain any exclusions to standard General Uablfity Policy coverage: SEE EXHIBHL #10 (PRIMARY CGL)
(b) Indicate deductibles, self-insured retentions, retrospective rating plans or other funding mecha nisms in the amount of $1 million or more per occurrence/accident:;
THE FIRST-LAYER OF UMBRKTIA rOVERA(^(NATTONAT. 71NTOW -_$RM YS
TS_____
RETNSITREn 1CXK TO HANSOM TRUST. (MMiCJ&rrUFZ, THTS PARTTOTPATTfiNl NAY... DECREASE 10 $5M XS $5M AT OCTOBER I, 1987 RENEWAL. 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 #8.
(a) Automobile Liability (b) General Liability (c) Products and Completed Operations Liability (d) Etc.
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GLD054969
0049-GLD-000054969
20. Indicate any losses included on Schedule C which are caused by or aileged to be caused by pollution: LOSS EXHIBITS DO NOT INCLUDE ANY POLLUTION RELATED CLAIMS.
SEE EXHIBIT #14.
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)? EXHIBIT #9 AND #15.
(a) cuuscd by single occurrence, and scpuiulcly,
(b) caused by any detect 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 rather than by an insurance company for its own account, give details below. (In clude name of individual or organization; if Applicant has se!f*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). SEE EXHIBIT tflfi.
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 KBCfrJN:
(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 toss or liability in excess of $1,000,000 in aggregate? Describe:
24. Describe any ongoing investigations into the Applicant's products or operations by any governmental body: ----- NONE KNOWN----------------------------------------------------------------------------------------------------------------
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;
GLD054970
0049-GLD-000054970
25. Additional Comments (optional)
AGIA-3
0
GLD054971
0049-GLD-000054971
AMw .UCm.4 e x c e s s in s u r a n c e a s s o c i a t e
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), WARRAN r:; TO VI ir b e s t o f it s k n o w i f d c .f a n d BFI IFF Tl IAI 11 IF SIAIFMFNIS F.ri l-onril HLULIM AltL I HUE AND I HA! NO MAILWAL INIOHMAIIUN I IAS ULLN WIIHI IELU II IS UNDER STOOD THAT THE COMPANY MAY REQUEST ADDITIONAL INFORMATION WHICH, WHEN SUBMITTED, WILL BECOME PART OF THIS APPLICATION AND SUBJECT TO THE FOREGOING WARRANTY.
SIGNING OF THIS APPLICATION DOES NOT BIND THE COMPANY TO OFFER. NOR THE APPLICANT TO ACCEPT INSURANCE. BUT IT IS AGREED THAT THIS APPLICATION SHALL BE THE BASIS OF THE INSURANCE SHOULD A POLICY BE ISSUED.
BY SIGNING THIS APPLICATION, THE APPLICANT ACKNOWLEDGES THAT IT HAS RECEIVED THE ATTACHED SPECIMEN POLICY AND AGREES TO BE BOUND BY THE MANDATORY ARBITRATION PROVISION SHOULD 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)
BY (OFFlCEH OF APPLICANT):
TITLE: DIRECTOR OF RISK MANAGEMENT {Type)
DATE: StlPTLMBER 17. 198 < Hype)
Submitted by (a duly authorized insurance producer representing a member of the Association):
Name of Firm: FRED. S. JAMES & COMPANY OF NEW KNOT AND TTJf,__________________ (Type)
Complete Mailing Address:
40 BROAD STREET isasuCfi
02109-
(Type)
Phone: <617)357-6600.
Telex: 940227-
Fax: (617)357-6755
Name ot Authorized Representative: JOSKPH F. ZAVAGNIN, VICE PRESIDENT (Type)
Association Member Represented:.
AE1A-3
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GLD054972
0049-GLD-000054972
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0049-GLD-000054974
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0049-GLD-000054978
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I. SALES (000's):
AMES CARISBROOK EJ SCM UYGRAUK USI GROUND ROUND KAISER
TOTALS
HANSON INDUSTRIES
EXHIBIT *2 HISTORICAL SALES
'|
1982/83
71400 152250
284000 1250606
310000 948362
141088 215303
1983/84
64856 375000 275000 1476345 300000 1062406
166973 242672
1984/85
76000 175000 320000 1635929 280000 1062735
174479 239454
1985/86
80530 180200 300000 1272657 2201cm 802939
180546 221711
1986/87
94637 188434 298800 1212994 244684 981488
175959 125445
1987/88
105605 196122 311260 1327282 242000 936751
184882 171935
3373009 3763252 3963627 3327733 3222441 3455837
GLD054979
0049-GLD-000054979
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HANSON INDUSTRIES. F.TAL. AUTOMOBILES
USA/CANADA/PUERTO RICO
EXHIBIT t4
STATE
PRIVATE PASSENGER
ALL OTHER STATES TEXAS LOUISIANA PUERTO RICO CANADA TOTAL
1085 163 25 2 24
1299
TRUCK/ TRACTORS
431 74 0 0 0
505
TRAILERS
349 82 5 0 1
437
GLD054 980
0049-GLD-000054980
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GLD054981
0049-GLD-000054981
HANSON INDUSTRIES. F.TAI..
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