Document MJdG6qpRDj4pdNmRBk5x8KEda

m -7* 01 hrt sr- 3 Oi OO I--4 OJ 4*I 00 (--* ut H* .U ^ VO 00 4* I 0049-GLD-000052067 WX KA itu t?J4 - BLANKET EXCESS LIABILITY POLICY (FOLLOWING FORM) I i Covrag is provided in dm Company dsigntd by nmb*r, 0l|o slock insoronc* Company (bamin ccrfbd mo Company) DECLARATIONS ITEM t. INSUIKD'S NAME AMO AOOKCOS (NO.. STRICT, TOWN. COUNTY. STATE) S CM c o r p o r a t io r 299 PARK AVENUE NEW YORK, N.Y. FIREMAN'S FUND INSURANCE COMPANIES MAIL AOOACS5 SAN FRANCISCO CALIFORNIA 01 FIREMAN S FUND MumcEOMvirr uanmncum. 18 THE AMERtCAN MIMNCE CONMMV MRgRMNY NSW JERStV 07 NATIONAL SURETY CamMATKM CftACAAQ HJUNOS 13 ASSOCIATED INDEMNITY ccr r or hw u n fwNcnea auRRHA 15 AMERICAN AUTOMOBILE k u u k x cam c r e w coeun ib s o u ^SLSnnxSl^MlI "TVurJ L POLICY PERIOD: 1/1/83 x' - J 1A/84 ITEM 2:--------------------------- ----------------------------------------------- * INCEPTION (MO. DAY YR-) EXPIRATION (NO. OAT YK.) 12:0> A.M.. STANDARD TIMS AT THE ADORUS OP TMC NAMEO INSURED AS STATED HEREIN. - MAR-' 83 4ionr\ .ITEM 3. .ITEM 4 ITEM 9. 9 LIMIT OF LIABILITY* * 9 10,000, 000 OCCURRENCE 10,000, 000/ AOOREOATE P/0 25,000,000 " UNDERLYING INSURANCE LIMIT OF LIABILITY ' - * * ,, 14,000,000 ~ EACH OCCURRENCE 9 14 ,000, 000 AGGREGATE PREMIUM BASIS FLAT ITEM 6. ADVANCE PREMIUM: $ - ANNUAL MINIMUM PREMIUM: 9 35,000 Jl 35,000 IN THE EVENT OP CANCELLATION BY THE NAMED INSURED. THE COMPANY SHALL RECEIVE AND RETAIN NOT LESS THAN S AS THE POLICY MINIMUM PREMIUM. ITEM 7. SCHEDULE OP UNDERLYING INSURANCE: HARTFORD 9,000,000 " CIBRALTER 5,000,000^ FOLLOWING FORM BLANKET EXCESS LIABILITY POLICY The Company designated above, a stock insurance company, (herein called the Company) agrees with the insured, named in the decla: lions made a part hereof, in consideration of the payment of premium and in reliance upon the statements in the declarations and subj* to the limits of liability, exclusions, conditions and other terms of this policy: INSURING AGREEMENTS 1. Coverage. To indemnify the Insured lor 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 of.this policy, provided that the insurance for injury to or destruction of property under this policy and underlying policies shall nof apply except as respects injury to or destruction policy shall in the event of reduction, apply as excess of the reduc limit of liability thereunder. Subject to the applicable limit of liab ity as respects each occurrence, the limit of liability stated in t declarations as "aggregate" shall be the total limit of the Company liability for all damages sustained during each annual period tins policy. A Policy Period. This policy applies only to occurrences which ta place during the policy period. of corporeal property, inducting lout of use thereof. im Limit of Liability. The Company shcdl be liable only for the limit DEFINITIONS 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 in the declarations o! 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 far ait damages sustained as the result of any one occur rence, 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 there under on account of occurrences during this policy period, this "Ultimate net loss" means all sums actually paid, or which t Insured is legally, obligated to pay. as damages in settlement satisfaction of claims or suits for which insurance is afforded this policy, after proper deduction ol all recoveries or salvage. CONDITIONS 1. Maintenance of Primary Insurance. The Insured warrants. <r it is a condition of this policy, that at the inception of this polk insurance afforded by the underlying policies of insurance (appl TAX TERR. 06079 COUNTERSIGNATURE DATE (Continued on Page Two) c o u n t er s ig n at u r e o f au t h o r ized ag en t y" 1/27/83 mf RAGE ONE Sd02-t2-: r GLD052068 0049-GLD-000052068 u uxn KJLLOWING POEM WORDING PCJR SCM CDKPORAXIOK "IT IS AGREED AND UNDERSTOOD mi'EXCEPT ONLY WH RESPECT TO POLICY TEEM, PREMUM AND LIMIT OF LIABILITY, THIS FOLIC? IB HEREBY AMENDED TO FCJLLCW AIL TOE TEEMS, CONDITIONS, DEFINITIONS AND EXCLUSIONS OF THE FIRST LAYER UMBRELLA (INSURER: HAKEPOBD POLICY NO. 10HUHE1700) AND'ANY:ENDORSEMENTS ATTACHES) HERETO, AND AIL PREPRINTED TEFJG AND 0CNDTTI0NS HEREON ARE DEIEEED TO THE EXTENT THAI THEY VARY FROM OR ARE INCONSISTENT WlTO TOE TERMS AND CONDITIONS OF TOE FUST IAYER HARTFORD UMBRELLA." . POLICY NUMBER ...... . 1 INSURED 3-80 XLX 148 54 49 SCM CORPORATION ONE OP THE FIREMAN'S FUND INSURANCE COMPANIES 180003-6-65 SETS (f pr esident io -x i EFFECTIVE , PRODUCER 1/1/83 COUNMTEARSRIGSNHATU&REMOOF ALUETwNONHAlZNEO^6E/N8T/83 lp . ^ ________________ _____ r-- ----------------------------------------------------------------------- :---------------------------------------------------------- ---- ------ NAMED INSURED (REVISED) 91 SCM CORPORATION, ALL SUBSIDIARIES AND SUBSIDIARIES OP THE SUBSIDIARIES, SCM FOUNDATION, ANY OTHER COMPANY OF WHICH IT ASSUMES ACTIVE MANAGEMENT AND ANY EMPLOYER-SPONSORED EMPLOYEE ASSOCIATIONS OR CLUBS OP THE NAMED INSURED AND SYLVACHEM CORPORATION, JOTUN-BALTIMORE COPPER PAINT COMPANY AND COMPANIA ENVASADORA LORETO S.A. AS JOINT VENTURES. t POLICY NUMBER * INSURED EFFECTIVE 3-80 XLX 148 54 49 SCM CORPORATION 1-1-83 ONE OF THE PRODUCER FIREMAN'S FUND INSURANCE COMPANIES AS NAMED IN THE POLICY /SU, ,____!____ MARsn S. Mf! LEHMAN COUNTERSGNATUflE OF AUTHORIZED AQEMT V PRESIDENT 1*X 0049-GLD-000052069 f o l l o w in g f o r m w o r d in g f o r s c m c o r po r at io n **IT IS AGREED AND UNDERSTOOD THAT E*$!PTTS?cYpbUI^ISPHBREBY SSi i mSTM ixcMSn ^Es?%"srs??.AssLrnKiiriH, jojic,imSim ?![< Hi DELETED ~ TgTKTEf TM,TM["TM " "* INCONSISTENT WITH THE TERMS AND CONDITIONS OF THE FIRST LATER HARTFORD UMBRELLA." AMrJ *^VV*Jl 3 --8 0 P0UC NUMBER /' XLX 148 54 4jj/ '" " ..- INSURED SCM CORPORATION ` ONE OF THE FIREMAN'S FUND INSURANCE COMPANIES AS NAMED IK THE POLICY' - /fLv $ <* -rj 3 PRESIDENT 10-X EFFECTIVE 1-1-83 PWVUCEH ma r s h s mc l e n n a n COUNTBfSfGNATURE OF AUTHORIZED AGENT CANCELLATION AMENDMENT ENDORSEMENT (EXCESS UMBRELLA) '!RBVISED" IT IS HEREBT UNDERSTOOD AND AGREED THAT THE FIRST (1st) SENTENCE OF CONDITION 8, CANCELLATION, IS VOIDED AND REPLACED BY THE FOLLOWING: "THIS POLICY MAY BE CANCELLED BY EITHER PARTY UPON $IXTY(60> DAYS FORTY FIVE (45) DAYS NOTICE WITH RESPECT,TO CANCELLATION FOR NON-PAYMENT OF PREMIUM, IN WRITING TO THE OTHER STATING THE DATE CANCELLATION SHALL BE EFFECTIVE. ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED 3 (gLICT HUMBEH XLX 148 54 49 SCH CORPORATION ONE OF THE FIREMAN'S FUND INSURANCE COMPANIES AS MAMED IN THE POLICY 180009-6-65 SETS V /Qm, PRESIDENT * 1SX INSURED i % PRODUCER EFFECTIVE 1/1/83 MARSH & MC IiEHHAM COUNTERSIGNATURE OF AUTHORIZED AGENT 0049-GLD-000052070 AMENDATORY ENDORSEMENT - LIMIT OF LIABILITY INSURED SC.H CORPORATION PRODUCER MARSH & MC LEHHAH POLICY NUMBER 3-80 XIX 148 54 49 EFFECTIVE DATE 1/1/83 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. -. - The (tompany 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 in 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 li.abtltty 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 (1) 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 OP THE FIREMAN'S FUND INSURANCE COMPANIES AS NAMEO IN THE POUCV 180001--1-85 PRESIDENT tO-X COUNTERSIGNATURE OF AUTHORIZED AGENT GLD052071 0049-GLD-000052071