Document GzvwGjq11y9jY1yRO00JQmDj4

1 v> T^ ^ cr> o t>0 oa -d. N21305 'tf 1 GLD051676 0049-GLD-000051676 MtfnbwrsOf 1. Assured: HGr a n it e St a t e in s u r a n c e Ne w Ha mp s h ir e In s u r a n c e 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 c o mp a n y c o mp a n y / CHICAGO iOiO DECLARATIONS . l-G-Y^CP SCM CORPORATION, ET AL ' (AS MORE FOLLY DEFINED IN UNDERLYING UMBRELLA FOLICY/IES) f/cT^X. . Address: 299 FARR AVENUE NEW YORK, NEW YORK 10017 2. Policy Period: From S*JANUARY 1, 1980, TO JANUARY 1/ 1981 both days at 12:01 A.M. (Standard Time) at the locations).of the risk(s) insured and in accord with the terms and con ditions of the form(s) attached. 3. Amount: $10,000,000. PART OF $25,000,000. EXCfeSS OF $10,000,000. 4. Coverage: EXCESS UMBRELLA LIABILITY 6. Premium: A) Provisional or deposit premium $ 37, 500.00 B) Minimum Premium $ 37,500.00 C) Basis of Adjustment (Rate) FLAT D) Audit Period NONE / Assignment of this Policy shall not be valjd 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 with 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 tin's Policy to the Company. This Policy may also be cancelled, with or without the return or tender of the unearned premium, by th^Company or by the Underwriting Managers in its behalf, by delivering to the Assured or by sending to die 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 inrsuch 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 atther 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 oythe 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 die case mty be. 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. Sacrcfaiy Countersigned CVS JII4 JANUARY 4, 1980 DW/MC/yn ORIGINAL GLD051677 0049-GLD-000051677 ssured: As stated in Item 1 of the Declarations forming a part hereof and/or subsidiary, associated, affiliated companies or owned and controlled Companies which prompt notice has been given to the Company. ^ SCHEDULE 11. M 2. .M 3. .'EM 4. iTEMS. ITEMS. ITEM 7. NAMED ASSURED Underlying Umbrella Policies; SCM CORPORATION, El AL BAJRTFOFD INSURANCE CCT* AND GIBRALTAR CASUALTY CO* Underlying Umbrella limits (Insuring Agreeement 115: $10,000,000. -- Underlying Umbrella Aggregate Limits . . (Insuring Agreement It):. $10,000,000. *''* Limit of Liability < (Insuring Agreement II): -- _ $10,000,000. FAST OF $25,000,000. Aggregate Limit of Liability (insuring Agreement 10: _ $10,000,000. PARI OF $25,000,000. Notice of Occurrence (Conditions 4) to: C.V, Starr & Co. THREE EMBARCADER0 CENTER, SAN FRANCISCO, CA 94111 INSURING AGREEMENTS 'a 21. 'ft* h Rot s'c*o, ss 4* ' c*beft 'C/ rr,at*J ">6 I. COVERAGE The Company hereby agrees, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Assured for ail 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 sxb. 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 toe Worid, and arising out of the hazards covered by and as defined in the Underlying Umbrella Policies stated in Item 2 of the Decla rations, (hereinafter called the "Underlying Umbrella Insurers"). Attached to and forming part of Policy No. 6180-1813 Issued to: SCM CORPORATION, EX AL Oared: JANUARY 4, 1980 II. LIMIT OP LIABILITY - UNDERLYING LIMITS It is expressly agreed that liability shall attach to the Company only after the Underlying Umbrella Insurers have paid or have been held liable to pay the full amount of their respective ultimate net loss liability as foitows:- $ (as stated in Item 3 of the Declarations) Ultimate net loss in respect of each occurrence, but $ (as statod in Item 4 of the Declarations) in the aggregate for each annual period during the currency of thir Policy separately in respect c Products Liability and separately respect of Personal Injury (fatal non-fatai) by Occupational Dise sustained by any employees of Assured. and tire Company shall then be liable to pay only the excess t of up to a further $ (as stated in Item 5 of the Declarations)- ultimate net loss in all in rest each occurrence-subject to a $ (as stated in Item 6 in the aggregate for each an- of the Declarations) iod during the currency of cy separately, in respect ucts Liability and separa spect of Personal Injun non-fatal) by Occupatio sustained by any emplr Assured. GRANITE STATE INSURANCE COMPAW NEW HAMPSHIRE INSURANCE COMPAN' C.V. STARR 8t COMPANY Underwptttli)Ulaf! 22310 Rev. 1-78 By.4L... rfn*Z.6?e '4 INDORSEMENT,NO. 1 CANCELLATION - ALL OTHERS i ! IT IS HEREBY UNDERSTOOD AND AGREED THAT, EXCEPT FOR NON-PAeY* MENT OF ANY PREMIUM, THE COMPANY SHALL PROVIDE SIXTY (60) _____ DAYS NOTICE IN THE EVENT OF CANCELLATION, All other torme and condition* ratnoin unchangad Effective dot* el this endorsement H: JANUARY I, 1980 Attached to and forming port of No.. 6180-1813 tested to: SCH CORPORATION, ET AL NEW HAMPSHIRE INSURANCE CO. a GRANITE STATE INSURANCE COMPANY C V. STARR & CO. Underwriting Managers Owed: JANUARY 4, 1980 eu |h v . ana) ENDT.#1 By. GLD051679 0049-GLD-000051679