Document MGpEK1qe5V9vZ6bbgXEe42DOy

r 3oU OC 0 I 00 ~N N 0 -" I r- 1 I H X O (D in H tn X 0 { 01 01 M c Mf H* Ul \O 00 '*J 0O 1 00 H N> \ SJ h-* 00 1 *i "Vi GLD051692 0049-G LD-000051692 American' Excess Insurance Company (hereinafter called the Company) Wilmington, Delaware Administrative Office: One Liberty Plaza-91 Liberty Street New York, New York 10006 y r . MARSH AND MC LENNAN, INC. 1Z21 Avenue of the Americas New York, New York 10020 -1/ 1 ATTENTION: Mr. K. Glerraon S C M CORPORATION DECLARATIONS ' (HEREINAFTER CALLED THE INSURED) 1 299 Park Avenue // | STREET LOCATION New York, CITY / rNdw York - 10017 . ZIP 5070822EUL. OH EUL-5001080 E/'CCERTIFICATE NO. BRANCH PRIOR CERTIFICATE/IO. ITEM 2 _L I 80 EFFECTIVE DATE / / I JL J. 81 EXPIRATION DATE * 5.000.00 TOTAL PREMIUM 12:01 A.M. STANDARD TIME AT THE ADDRESS Of THE INSURED AS STATED IN ITEM 1. hr CERTIFICATE OF EXCESS INSURANCE ITEM 3 PREMIUM (CONTINUED) ADVANCE PREMIUM: * RATE: MINIMUM PREMIUM: INSTALLMENT PERIOD DATE OP NEXT INSTALLMENT 4it e m d es c r ipt io n o f c o v er ag e h e r eu n d er : / Excess Umbrella Liability ITEM S UNDERLYING PQfUCY AND LIMITS: COMPANY: POLICY NUMBER: LIMITS: As per Schedules on file with the Company $35,000,000 each occurrence and in the aggregate where applicable Umbrella liability. ITEM 8 LIMIT(S) OF THE COMPANY'S LIABILITY ITEM 7 CANCE LLATIOI 1/4/81 DATE FORM AE-P-001-A.W.Y.-1-79 $2,500,000 each occurrence and in the aggregate where applicable part of $10,000,000 each occurrence and in the aggregate where applicable in excess of the total limit of liability specified in Item No. 5 above. ^--^7 Countersigned by . ORIGINAL COPY AUTHORIZED REPRESENTATI V PRINTED IN U.S.A. GLD051693 0049-GLD-000051693 AE-P0O2-A w y -a-6-rs -4- Pnntec jn U.SA m American Excess Insurance Company FTTT. 5070822 I INSURING AGREEMENT In consideration of the payment of the Certificate premium and in reliance upon the statements in the Declarations made a pan hereof, the Company hereby indemnifies the Insured against ultimate net loss which is in excess of the total limits of all underlying insurance (hereinafter referred to as "underlying insurance") and which arises out of the hazards covered and defined in the underlying insurance as shown in Item S of the Declarations, but only up to an amount not exceeding the limit(s) shown in Item 6 of the Declarations. Except with respect to premium; obligation to investigate, defend, pay costs and expenses incident to the same; amount and limits of liability, renewal agreement, ifany; additional coverage provided by a discovery period provision; and any otherprovision contained in the immediate underlying insurance inconsistent with this Certificate, the provisions of such underlying insurance are hereby incorporated as part of this Certificate. Regardless of the number of(l) Insureds under this Certificate, (2)persons ororganizations who sustain injury or damage or(3) claims made or suits brought covered hereby, the Company'll totallimit of liability for loss excess of Underlying Insurance shall be limited to the amount stated in Item 6 of the Declarations ofthis Certificate as applicable to "each claim" "each accident" or "each occurrence" provided, however, that the Company^ liability shall be further limited, where and as applicable, to the amount stated in Item 6 as the Company's "aggregate" with respect to loss excess ofthe Underlying Insurance which occurs during theterm of this Certificate. n EXCLUSIONS This Certificate does not apply: (a) to personal injury, bodily injury or property damage arising out of the discharge, dispersal, release or escape ofsmoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, contaminants, or pollutants into or upon land, the atmosphere orany watercourse orbody ofwater; but this exclusiondoes not apply ifsuch discharge, dispersal, release or escape is sudden and accidental; (b) to personal injury, bodily injury or property damage (1) With respect to which an Insured under this Certificate is also an insured under a nuclear energy liability policy issued by Nuclear Energy Liability Insurance Association, American Nuclear Insurers, Mutual Atomic Energy Liability Underwriters or Nuclear Insurance Association of Canada, or would be an Insured under any such policy but for its termination upon exhaustion of its limits of liability, or (2) Resulting from the hazardous properties of nuclear material and with respect to which (a) Any person or organization is required to maintain financial protection pursuant to the Atomic Energy Act of 1954 or any law amendatory thereof, or (b) The Insured is, or had this Certificate not been issued would be entitled to indemnity from the United States of America, or any agency thereof, under any agreement entered into by the United States of America, or any agency thereof, with any person or organization; (3) Resulting from the hazardous properties of nuclear material, if (a) The nuclear material is at any nuclear facility owned by, or operated by or on behalf of, an Insured or has been discharged or disbursed therefrom, or (b) The nuclear material is contained in spent fuel or waste at any time possessed, handled, used, processed, stored, transported or disposed of by or on behalf of an Insured, or (c) The personal injury or property damage arises out of the furnishing by an Insured of services, materials, parts or equipment in connection with the planning, construction, maintenance, operation or use of any nuclear facility, but if such facility is located within the United States ofAmerica, its territories or possessions or Canada, this exclusion(3)(c) applies only to property damage to such nuclear facility and any property thereat; provided that the words "property damage" include all forms of radioactive contamination of property. ,,As used in this exclusion "Hazardous Properties" include radioactive, toxic or explosive properties; ' "Nuclear Material" means source material, special nuclear material or by-product material; "Source Material", "Special Nuclear Material" and "By-Product Material" have the meanings given them in the Atomic Energy Act of 1954 or in any law amendatory thereof; . -1- Printed iftU.S A GLD051694 0049-GLD-000051694 ENDORSEMENT ISSJEDBY American Excess Insurance Company WilmSngtnn, (Mawar* ONE LIBERTY PLAZA-1 LIBERTY STREET NEW YORK. N.Y. 10008 r HARSH AND MC LENHAN . 1221 Avenue of the Americas New York, New York 10020 * | ATTENTION: Mr- K. Gleanon S C M CORPORATION (HEREIN CALLEO THE INSURED) BPI.-5070822 Certificat* No. 1 I 1 i 80 EFFECTIVE DATE OF - ENQpftSEMOfT _! ROM: 1 I I t 80 TO:. 1 | 1 1 81 . CERTIFICATE PERIOD NEW YORK STATE AMENDATORY ENDORSEMENT It is hereby understood and agreed that, notwithstanding anything in this Certificate to the contrary, with respect to such insurance as is afforded by this Certificate, the terms of this Certificate as respects coverage for operations in the State of New York shall conform to the coverage requirements of the applicable insurance laws of the State of New York or the appli cable regulations of the New York Insurance Department; provided, however, that the Com pany's limit of liability as stated in this Certificate shall be excess of the limits of liability of any underlying insurance or self-insurance as stated in the Declarations or in any endorsement attached hereto. It is further understood and agreed that, notwithstanding anything in Nils Certificate to the contrary, with respect to such insurance as is afforded by this Certificate for operations in the State of New York, the words in Insuring Agreement I........."hereby indemnifies the Insured against ultimate net loss" .... are deleted and replaced by... "will pay on behalf of the Insured the ultimate net loss"___ D-1048 (6/791 Nothing herein contained shall alter, vary of extend any provision or condition of the Certificate to which this endorsement is attached other than as above stated. 1/4/80 /ek DATE C0uittrt)9iMd by ORIGINAL COPY AUTHORIZED REPRESENTATIVE GLD051695 0049-GLD-000051695 ENDORSEMENT ISSUED BY American Excess Insurance Company Wilmington, Delaware ONE LIBERTY PLAZA -! LIBERTY STREET NEW YORK, N.Y. tOOOS r MARSH & MC LENNAN INCORPORATED 1221 Avenue of the Americas NEw York, New York 10020 [a t t e n t io n : SQM CORPORATION *** K* Glennon J ' ' DATE OE NEXT INSTALLMENT It is understood and agreed that Item # 7 (Cancellation Period) of this Certificate is amended to read 60 days in lieu of 30 days. Nothing herein contained shall alter, vary or extend any provision or condition of the Certificate, Contract or Policy to which this endorsement i* attached other than as above stated. AE-P005-A.W.Y. 2-30 ORK3NALCOPT Printed in US.A. GLD051696 0049-GLD-000051696