Document Z7g0m7dXG39O6Z0RnwZ3wnn7

p Jr (A O GLD051720 0049-GLD-000051720 ( SCO q$Sj&l g 3700 WILSHIRE BOULEVARD LOS ANGELES, CALIFORNIA 90010 ST. LOUIS, MISSOURI Special Cover Policy--Casualty / ' ' ** / s t o c k c o mpan y ev&x^dL Me .9t8 ^123 / t / / T.V. 0805 A GLD051721 0049-GLD-000051721 A 4. . 3700 WILSHIRE BOULEVARD LOS ANGELES. CALIFORNIA 90010 ST. LOUIS, MISSOURI (A Stock Insurance Company) Cover Note . -` POLICY NO. SCD 955-354 NAMED INSURED pr o duc er . NBA Excess & Surplus Lines, . Inc. 123 William Street New York, New York 10038 *SCM CORPORATION 299 Park Avenue . . New York, New York 10017 Transit Casualty Company, hereinafter referred to'as the Company, agrees with the Named Insured, in consideration of the tentative advance premium to be paid and subject to all ofthe terms ofthis Cover Note,to bindcoverage pertheTerms, Conditions and limitations of the Policy of insurance in current use by the Company. Item 1-Coverage: Excess Umbrella Liability - Item2-Effective From; - January 1, 1980 To: January 1, 1981 12:01A.M. StandartfTimeat thesc&ressofetw Named Insured *sstated herein. Item 3-Tentative Premium: Deposit; $10,000. Rate; Flat Minimum: $10,000. Item 4 - Limits of Liability: $10,000,000. each occurrence and/or in the aggregate part of $25,000,000. excess of $50,000,000. excess underlying Kent 5 - Underlying Policyfiesl andLimitfs): Hartford Insurance Company Policy No. TBA Item6-Conditions: i) Policy issuance subject to a copy of the lead umbrella policy. CANCELLATION Cancellation of this Cover Note shall be in accordance with the provisions of the applicable Policy, except that if the tentative premium is not received by the Company by March 15, 1980 this CoverNote may be canceledbythe Company by mailing written notice of cancellation stating when, not less than ten (10) days thereafter, such cancellation shall be effective. These cancellation provisions supersede policy conditions ifthey conflict. This Cover Note shall be terminated as of its inception by the issuanceofthe Policy by the credited thereon. fl be IN WITNESS WHEREOF, the Company ha* caused thie Cover Note to be California and countersigned by a duly authorized representative of the ~ 1/14/80 mcc T.V. 9825 By: 't Authorized Representative Secretary GLD051722 0049-GLD-000051722 'ADDENDUM SGM CORPORATION Y Policy No. SCO 955-354 covers It is hereby understood and agreed that Item 4 "Limits of Liability" are amended to read as follows: $10,000,000. each occurrence and/or in the aggregate part.of ' $25,000,000. excess of $45,000,000. excess underlying. Effective Date: January 1, 1980 GLD051723 0049-GLD-000051723 TRANSIT CASUALTY COMPANY LOS ANGELES, CALIFORNIA ST. LOUIS, MISSOURI (A stock insurance company, herein called the company) ' SCO 955-354 Excess Umbrella Coverage--Insuring Agreements . 1. Coverage The Company hereby agrees, subject io the limitations, terms and conditions hereinafter mentioned, to indemnify the insured for all 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 therefrom. (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 Ho. 10 HU 466924 $5,000,000. each occurrence and/or in the aggregate excess of primary insurances. B) Gibraltar Insurance Company c) Granite State Insurance Co. ($10,000,000.) Lexington Insurance Co. ($5,000,000.) Firemens Fund Insurance Co. ($10,000,000.) $5,000,000. excess of (A) above. $25,000,000. excess of (B) above. D) American Excess Insurance Co. ($2,500,000.) Granite State Insurance Co. ($2,500,000.) Gibraltar Insurance Co. ($5,000,000.) $10,000,000. excess of (C) above. 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 Ml amount of their respective ultimate net loss liability as follows: W 5 A5.000.000. ultimate net loss in respect of each occurrence, but W * 45,000,000. 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 nonfatal) by Occupational Disease sustained by any employes of the Insured and the Company shall then be liable to pay only the excess thereof up to *further (c) * 10,000,000. p/o 25,000,000. (d) * 10,000,000. p/o 25,000,000. ultimate net loss In all In respect of each occurrence--subject to a limit of in tha aggregate for each annua) period during the 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. 2/27/80 T.V. 9812 A GLD051724 0049-GLD-000051724 t TRANSIT CASUALTY COMPANY LOS ANGELES, CALIFORNIA ST. LOUIS, MISSOURI (Astock Insurance company, herein called the company) Declarations--Excess Umbrella Policy SPIT QSS.3SA Policy Number Item 1. Named Insured: SCM CORPORATION Renewal of No. NEW Item 2. Address: Item 3. Policy Period: 299 Park Avenue New York, New York -10017 Frbm: January 1, 1980 To. January 1, 1981 J2:01 AM. Standard Time at the address of tho Named Insured as staled herein Item 4. Umits of Liability: $10,000,000. each occurrence and/or In the aggregate part of $25,000,000. excess of $45,000,000. excess underlying. Item S. 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 eventB conducted on the premises whether on paid admission tickets, complimentary tickets or passes: 2. "cost" means the total cost to the rismed Insured with respect to operations performed for the named insured during the policy period by Independent contractors of alt work let or sub-let in connection with each specific project, including the cost of all labor, materials and equipment furnished, used or delivered lor use in the execution of such work, whether furnished by the owner, contractor or subcontractor,, including ail fees, allowances, bonuses or commissions made, paid or due; 3- "receipt*" means the gross amount ot 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 Hem and remits directly to a governmental division; 4. "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 ot mobile equipment) and aircraft pilots and co-pilots, subject to any overtime earnings or limitation of remuneration rule applicable in accordance with the manuals in use by the company; S- "sale*" means the gross amount ot money charged by toe named Insured ortm-dOJerStfradlng under his name for all goods and products sold or distributed during the policy period and charged duripd'toe policy perigpNor InstaH/tlgh, servicing or repair, and includes taxes, other than taxes which the named Insured and^uch othary/collegrp a jspay6tg/lteni/jft remit directly to a governmental division. Countersignature Date February 27, ^?9810 A 19 80 Authorized Representative GLD051725 0049-GLD-000051725 ENDORSEMENT SCM CORPORATION POLICY150. SOT 955-354 SWOT*. NO. ,___________ EFFECTIVE DATE: JANUARY 1, 1980 AMENDMENT OF CANCELLATION CLAUSE IN CONSIDERATION OF THE PREMIUM CHARGED, IT IS HEREBY UNDERSTOOD AND AGREED THAT THE CANCELLATION CLAUSE, CONDITION VII. OF THE POLICY, IS AMENDED IN PAST AS FOLLOWS: REFERENCE TO ''THIRTY (30) DAYS" IS AMENDED TO READ "SIXTY (60) DAYS." Countersignature Date: TV MM nee JUNE 2, 19 80 GLD051726 0049-GLD-000051726 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-BALTIMOHE 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. iOTONGRUPPEN 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. GLD051727 0049-GLD-000051727 ENDORSEMENT SCSI COBPOBIttlQH ef f ec t iv e stKEKi Jan u ar y l, 1980 POLICY ND. l5NpT.NO. 33-354 IT 18 HEREBY UNDERSTOOD AND AGREED THAT XTEK 1 OF TBS DBCTJU&ATIONS, "NAMED INSURED" IS AMENDED TO READ AS FOLLOWSJ a) s c k c o r po r at io n , al l s u bs id iar ies an d s o bs t o t aw s b o f THE SUBSIDIARIES, SO* FOUNDATION, AST OTHER UOKPAHY"W~*" WHICH IT A8SUMBS ACTIVE MANK2MENT, AMI EMPLOYEE .SPONSORED ASSOCIATIOK OR CLUBS OF TEE BAKED INSURED*. B) JOTOM-BAI/riHOSE COPPER PAINT COMPAMI A JOINT VENTURE. ~ HOWEVER, SUCH COVERAGE AS IS PROVUMBDFOR THE .INTEREST OF GLIDCEN-DtJRKSK DIVISION OF SCH CORPORATION AND A.F* J0TUN6RDPPEN OF NORWAY SI THE JOINT VENTURE ABOVE IS RESTRICTED TO SUCH COVERAGE AS IS AVAILABLE! 0 TEE INSURED UNDER THE PRIMARY INSURANCE STATED Si TEE SCHEDULE OF UNDERLYING INSURANCES ATTACHED TO THIS POLICY. C) SYLVACHBM CORPORATION, A JOINT VENTURE, HOWEVER, SUCH COVERAGE AS IS PROVIDED FOR THE INTEREST OF GLIDDSNDURXEB DIVISION OF SCK CORPORATION AND ST. REGIS PAPER CORPORATION IN THE JOINT VENTURE ABOVE IS RESTRICTED TO SUCH COVERAGE AS IS AVAILABU TO THE INSURED UNDER PRIMARY INSURANCE STATED IN THE SCHEDULE OF UNDERLYING INSURANCES ATTACHED TO THIS POLICY. Countersignature Date: TV M80 AUGUST 15, to 80 Avttofb** H8prwpflt GLD051728 0049-GLD-000051728 Marsh & McLennan, Incorporated 1221 Avenue of the Americas NewYork. New York 10020 Telephone 212 997-2000 March 6, 1980 >n * ,, iVuhrt 1 O Mr. Nicholas Difatte Insurance Manager SCM Corporation 299 Park Avenue New York, N.Y. Re: Umbrella/Excess Liability Transit Casualty Corporation Policy No'. SCU 955-354 Dear Nick: We are pleased to enclose an Addendum to the cover note for the captioned Transit Casualty policy. This corrects the limit of liability to $10,000,000 part of $25,000,000 excess of $45,000,000 instead of excess of $50,000,000. We expect the policy to be forthcoming shortly. Very truly yours. Kdwara u. Dadakis Division "D" EDD/ec Enclosure cc: K. Glennon GLD051729 0049-GLD-000051729