Document N2bbaQXbx3brzKBLkoyQDDJK8

) $U\ 3o Bx cn Hr+ m sf co i* iy fi* k: CO O H* C M ^> ^ cn 00 os to h-> 1 N5 H1 00 u> 0049-GLD-000051932 vasit 3700 W1LSHIRE BOULEVARD LOS ANGELES, CALIFORNIA 90010 ____________ ST. LOUIS, MISSOURI Special Cover Policy--Casualty -scOfir/2^ 4. 29 btryo' ^ attn STOCK COMPANY at t ent io n DENOTE; f> \ C_ u <r s&cn M~s3 T.V. 9805 A GLD051933 0049-GLD-000051933 TRANSIT CASUALTY COMPANY LOS ANGELES, CALIFORNIA ST. LOUIS, MISSOURI (A stock insurance company, herein called the company) Declarations--Excess Umbrella Policy SCU 956124 Policy Number Renewal of No._______SCU 955--723 Item 1. Named Insured: SCM Corporation- Item 2. Address: 299 Park Avenue New York, New York 10171 item 3. Policy Period: From: January 1, 1982 To: January 1, 1983 12:01 A.M. Standard Time at the address of the Named Insured as stated herein item 4. Limits of Liability: $10,000,000 each occurrence and/or in the aggregate. part of $25,000,000 excess of $49,000,000 excess underlying. item 5. Premium: Advance: $10,000. Annual Minimum: $10,000. Rate: Flat Premium Basis: When used as a premium basis: 1. `'admissions'* means the total number of persons, other than employees of the named Insured, admitted to the event insured or to events conducted on the premises whether on paid admission tickets, complimentary tickets or passes; 2. "cost" means the total cost to the named insured with respect to operations performed lor the named Insured during the policy period by independent contractors of all work let or sub-let in connection with each specllic project, including the cost of all tabor, materials and equipment lurnished, used or delivered for use in the execution o( such work, whether furnished by the owner, contractor or subcontractor, including all fees, allowances, bonuses or commissions made, paid or due; 3. "receipts" means the gross amount of money charged by the named insured for such operations by the named insured or by others during the policy period as are rated on a receipts basis other than receipts from telecasting, broadcasting or motion pictures, and includes taxes, other than taxes which the named insured collects as a separate item and remits directly to a governmental division; "remuneration" means the entire remuneration earned during the policy period by proprietors and by all employees of the named insured, other than chauffeurs (except operators of mobile equipment) and aircraft pilots and co-pilots, subject to any overtime earnings or limitation of remuneration rule applicable in accordance with thdfmanuals in use by the company; "sales" means the gross amount of money charged by the named insured or byjathers /raping unde) his'Tiame for all goods and products sold or distributed during the policy period and charged duriqg-'mp'poiioy deriod/or/nstanation, servicing or repair, and includes taxes, other than taxes which the nsmed insured and'jtjjb'Tothera bollect f&A separate item and remit Jdirectly to a governmental division. / iS Countersignature Date December 29, 19 81 T.V. 9810 A mcc Authorized Representative GLD051934 0049-GLD-000051934 TRANSIT CASUALTY COMPANY LOS ANGELES,' CALIFORNIA ST. LOUIS, MISSOURI (A stock insurance company, herein called the company) , . ,, - ^ ..........' .... scu9S 6-124 Excess Umbrella Coverage--Insuring Agreements .1. Coverage The Company hereby agrees, subject to the limitations., terms and conditions hereinafter mentioned, to indemnify the "insured for alt sums which the Insured shall be obliged to pay by reason of the liability imposed upon the Insured by law. or assumed under .contract or agreement by the Insured for damages, direct or consequential and expenses on account of: ' - (a) Personal Injuries, including death at any time resulting therelrom, (b) Property Damage. (c) Advertising Liability, caused by or arising out of each occurrence happening anywhere in the world, and arising out of the hazards covered by and as defined in the Underlying Umbrella Policies stated below and issued by the "Underlying Umbrella Insurers". UNDERLYING UMBRELLA INSURERS AND POLICY NUMBER: Carrier Limits A) Hartford Accident and Indemnity company Policy No. TBA B) Gibraltar Insurance Company C) Various D) Various $9,000,000 each occurrence and/or in the aggregate excess of primary insurances. $5,000,000 excess of (A) above. $25,000,000 excess of (B) above. $10,000,000 excess of (C) above. V1:, . ..... ., ,, 2. Limit of 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 follows: (a) S 49,000,000. ultimate net loss in respect of each occurrence, but (b) S 49,000,000. in the aggregate for each annual period during ihe currency of this Policy separately in respect of Products Liability and separately in respect of Personal Injury (fatal or nonfatal) by Occupational Disease sustained by any employes of the Insured and the Company Shalt then be liable to pay only the excess thereof up to a further - M * 10,000,000 part of $25,000,000 !d> $ 10,000,000 part of $25,000,000 ultimate net toss in all in respect of each occurrence -- subject to a limit of in the aggregate for each annual period during the currency of this policy, separately in respect of Products Liability and separately in respect of Personal Injury (fatal or nonfatat) by Occupational Disease sustained by any employes of the Insured./) 12/29/81 T.V. 9812 A mcc GLD051935 0049-GLD-000051935 ENDORSEMENT SCM Corporation POLICY NO. SCU 956-12 ENDT. NO. 1 Effective Date: January 1, 1982 AMENDMENT* OF CflMCSXJiftTION CIAPSE In consideration of the 'premium charged, it is hereby understood and agreed that the cancellation clause. Condition VII of the policy is amended, in part, as follows: Reference to "thirty (30) days" is amended to read "sixty (60) days". 1 Countersignature Date: TV 9820 mcc December 29, 19 81 l 61,0051936 0049-GLD-000051936 ENDORSEMENT SCM Corporation POLICY NO. SCO 956-124 ENPT.NO. 2 Effective Date: .January 1, 1982 It is hereby understood and agreed that -Item 1 of the Declarations - "Named Insured" is amended to read as follows: A. SCM. Corporation, all -subsidiaries' and subsidiaries of the subsidiaries, SCM Foundation, any other company of which it assumes active management, any employee sponsored association or clubs of the Named Insured. B. Jotun-Baltimore Copper Paint Company a joint venture. However, such coverage as is provided for the interest of Glidden-Durkee Division of SCM Corporation and A.F. Jotungruppen of Norway in the joint venture above is restricted to such coverage as is available to the Insured under the primary insurance stated in the Schedule of Underlying Insurances attached to this policy. C. Sylvachem Corporation, a joint venture, however, such coverage as is provided for the interest of GliddenDurkee Division of SCM Corporation and St, Regis Paper Corporation in the joint venture above is restricted to such coverage as is available to the Insured under primary insurance stated in the Schedule of Underlying Insurances attached to this policy. Countersignature Date: tv MM mcc December 29, GLD051937 0049-GLD-000051937 ENDORSEMENT SCM CORPORATION POLICY NO. SCO 956-124 ENDT.NO. 3 Effective, Date: January 1,- 1982 It is understood and agreed that Item 1 of the Insuring Agreements is amended, in part, as follows-: A) Hartford Accident and Indemnity Company Policy No. 10 HU EK 0147 Countersignature Date: TV 0620 mcc April 22, GLD051938 0049-GLD-000051938 ENDORSEMENT SCM CORPORATION POLICY NO. sctr 956-12* ENDT. NO. 4 Effective Date: January 1, 1982 It is understood and agreed that Endorsement No. 2- is- hereby deleted. It is further agreed that Item 1 of the Declarations is amended to read as follows: "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 associations or clubs, of the named insured and Sylvachem Corporation, Jotun-Baltimore Copper Paint Company and Campania Envasadora Loreto s.A. as joint ventures." Countersignature Date: TV 9*20 mcc May 10, 19 82 GLD051939 0049-GLD-000051939 ENDORSEMENT SCM CORPORATION Effective Date: January 1, 1982 POLICY NO. scu 956_i2* ENDT.NO. 5 FOLLOWING FORM WORDING FOR SCM CORPORATION It is agreed and understood that except only with respect to polity 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: Hartford, Policy No.: 10 HUEK0147) and any endorsements attached thereto, and all renewals and replacements. It is further agreed that 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. Countersignature Date: TV 9*20 mcc May 10 19 82 GLD051940 0049-GLD-000051940 ENDORSEMENT SCM CORPORATION POLICY NO.scu 956-124 ENDT. NO. 6 Effective Date: January 1, 1982 It is understood and agreed that Item 1 of the Insuring Agreements is amended, in part, as follows: B) Prudential Re. Countersignature Date: TV MM mcc May 10, GLD051941 0049-GLD-000051941