Document a9J4N5KrzNDERjr7Q7a8NO5e

Sno&ZiS s?#*e?<s+9-r*u>~' K Hanson Industries Inc /^^r/Z/r' -efc * V-' Part Section 2 Page RISK MANAGEMENT MANUAL Effective Date Rep laces Jan. 1, 1985 New Foreword Corporate Risk Management Policy Statement Insurance Hanson's Corporate Risk Management Department is responsible for ensuring that insurance coverage is provided against all economically insurable risks which might result in: -Substantial loss of assets; -Loss of corporate earnings due to business interruption arising out of the physical damage to assets; -Losses due to liabilities imposed by courts or statutes arising out of our alleged negligence. In the discharge of this responsibility, operating companies must advise Hanson's Corporate Risk Management Department of all locally purchased property and casualty insurance and self insurance programs. It is important to report these programs so that Hanson can coordinate and integrate them into the company wide risk management program. Hanson's Corporate Risk Management Department must also be advised of all exposure to risk which our operating companies feel is'not being adequately protected. Safety and Loss Prevention It is Hanson's policy to operate our companies safely and to protect our assets. Our insurance carriers or designated outside loss prevention consultants will perform periodic safety and property loss prevention inspections. All recommendations should be considered and appropriate action taken. Unless there are extenuating circumstances, all recommendations not requiring capital expenditures should be complied with as soon as possible. Recommendations which require capital expenditures should be discussed with Hanson's Director of Risk Management. Claim Reporting Casualty AITcasualty claims must be reported to the designated claims handling agent as soon as possible. If there is a question to whom a claim should be reported contact Hanson's Director of Risk Management. Hanson's Director of Risk Management should be made aware of all accidents involving the death or serious injury to an employee or third party and any liability claim reserved in excess of $50,000. N17574 t Hanson Industries Inc RISK MANAGEMENT MANUAL -------- ? -- Part Section 12 Page 2 Effective Date Replaces Jan. 1, 1985 New Property Damage to Hanson property in excess of $1,000 must be reported to Hanson's Director of Risk Management. When the loss appears to be in excess of $10,000, Hanson's Director of Risk. Management should be advised as soon as possible. in G. Raos _ #ice President & Chief Financial Officer GLD055340 0049-GLD-000055340 *Ig3 e3"* 3/1.3 H s 3 e BOJHH s 2 5 " 88 i 3 o *> o 4& ) I GLD055341 0049-GLD-000055341  I5 -a s p wg sHr fl5usnni s-s ---a-"Rg j* ft 5 - - R 3 E sI i BS oo*iDDsa^-r*oao S 5 < ) * GLD055342 0049-GLD-000055342 4itOO sia3 g H S I II P * * SM * * s U* | H ^ " (I g 1 SS " a S U ^ r 5 a 3-3 - 3S"*M $ ) 1 GLD055343 0049-GLD-000055343 SP IS2 R HHS3S "j5P M -8 * ill? a s . S 5 25 5S g 3 3 `'Isa -^ ooob o o e oo es n B SJ g S I 2 <f g ODej-OO-lON y1 II a!. 3 6 S' . 5 8 ; 2 S f , 52ss&apw"-s 6 | | i IB i i ; ** 0049-GLD-000055344 * i S g :*\P 5 3 M56 s ;g \r g * " 3 * r 15 oo 5 ft tJ g1 8s a*b * HHS 3 I a ft - " 2 0 i goocccoggggggg jj S8 9 2 5 * I 15 * 3 3 A 9 P * 1g s% ; > GLD055345 0049-GLD-000055345 5 R a H1S g 633 Jg i tf i R *R s 2 *SS ) )) GLD055346 0049-GLD-000055346 nunr 2 H p ;j e *$ j aa UTCPteiL u a b il it y sRE&tfE9 ) > GLD055347 0049-GLD-000055347 " N*~ gI IS 3 * S3 ' ?N1tJ3 R -r sO rW $N 3 S" 3 g * 3 5 ** 3 b o o o o q d 3 SS QOOgBO h 3 e EXHIBIT . ; GLD055348 0049-GLD-000055348 i3 i0 g? & t 5 " s S s i 4 ) GLD055349 0049-GLD-000055349 *MM9S3 a ? ^ j i R i " ;: 3 ) GLD055350 0049-GLD-000055350 g H M H *5 a CO s 5 s #S 5 8 S 8 3 $is6a -- GLD055351 0049-GLD-000055351 ) -> ) GLD055352 0049-GLD-000055352 ; ) GLD055353 0049-GLD-000055353 ) GLD055354 0049-GLD-000055354 S Eli ri ri g < ) GLD055355 0049-GLD-000055355 GLD055356 0049-GLD-000055356 ( ) CLE0RIMS ec SJJSa o tn u> 52o m o a r> (n in cs o >o ro Sa j s b ^tft -HSSt i r- o 3 -3' n oaooo ti* tn -a ifl -jj -o gj m n tft in w 5> a 8 S5 3 >. V \ >v s. 5? 5 s ?1?f! ss avvS SsJ . i- a 31 -3 3 >3 -3 gaaa aa ao aoooa oaaao fc o^d ao S 8 S 5518 QJv'3V'3-'3s^s3lft_4J)) < 9clo a| CI !tol!2liv-3 ^O Q-->* SN -3 -3 -3 3 GLD055357 0049-GLD-000055357 -BREAK- rj 3838955C 9SEP86 09:04 EST PTS -B^ iC- 9838955C 9SEP86 09:04 EST ?TS /BATCH 34-0227+ /NTF 940227 SEPTEMBER 9, 1986 ATTN: PETER D. BOVS RE: HANSON INDUSTRIES PLEASE PROVIDE THE FOLLOWING INFORMATION: 1. THE STATUS OF THE 1ST 25MIL UNDERLYING. 2. IS DEFENSE INCLUDED OR EXCLUDED IN THE LIMITS? 3. IN REGARD TO MW MFG. ADHESIVES ARE MENTIONED, IS IT USED FOR ANYTHING OTHER THAN THE MANUFACTURE OF WINDOWS? PLEASE FORWARD THIS INFO AS SOON AS POSSIBLE. REGARDS ALBERTHA GARRETT, AEIA, NEW YORK CITY 510o0l8677 MMMM MMMM BATCH MESSAGE NUMBER 9838955C ACCEPTED 1 MESSAGE EASYLINK GLD055358 0049-GLD-000055358 ( (- AMERICAN EXCESS INSURANCE ASSOCIATION LIMIT OF LIABILITY AMENDMENT It is agreed that the dollar amounts in Item 2 of the Declarations (COMPANY'S Limit of Liability under this POLICY in the aggregate for all covered OCCURRENCES,) is amended to: $ 75,000,000 part of $ 75,000,000 This endorsement forms a part of the POLICY to which attached, effective on the inception date of the POLICY unless otherwise stated herein. (The information below is required only when this endorsement is issued subsequent to preparation of the POLICY.) Endorsement effective Endorsement No. 3 10/1/86Policy No. HN000002886 NAME INSURED HANSON INDUSTRIES Countersigned by: (Authorized Representative) AEIA-21 GLD055359 0049-GLD-000055359 ( AMERICAN EXCESS INSURANCE ASSOCIATION AMENDMENT TO ENDORSEMENT 111 "LIABILITY OP INSURERS ENDORSEMENT'* It is agreed that Endorsement if1, "Liability of Insurers Endorsement" is amended as follows: LIABILITY OF INSURERS ENDORSEMENT Endorsement Number I. Effective Date of Endorsement 10/1/86_______________ Attached to and forming part of POLICY Number HNQ00Q02886 NAMED INSURED HANSON INDUSTRIES__________________________________________________ It is hereby understood and agreed between the NAMED INSURED and the insurance companies listed below, which are the members of American Excess Insurance -Association (referred to in the POLICY as "the COMPANY"), as follows: (1) the insurance afforded by this POLICY is provided by the several separate insurance companies listed beLow, (hereafter the "insurance companies") and not by the American Excess Insurance Association which is not an insurance company; (2) the liability of the insurance companies shall be several and not joint. The liability of each insurance company shall be separate and apart from the liabilities of all other insurance companies and in no event shall any insurance company participate in the liability of any other insurance company; 6LD055360 0049-GLD-000055360 (t 2- - (3) the maximum liability of all the insurance companies shall be the total of the percentage participations of such insurance companies as listed below, which total of percentage participations is 100 % of t 75,000,000 . (4) each insurance company shall only be liable under the POLICY for the percentage, set opposite its name below, of any ULTIMATE NET LOSS; provided that: (A) in the event that the total of the percentage participations of the insurance companies listed below is less than 100% of $ 75,000,000 , then, in respect to any ULTIMATE NET LOSS, irrespective of the amount thereof, the INSURED shall have no right of recovery under this POLICY for the uninsured percentage of such ULTIMATE NET LOSS, which uninsured percentage is the percentage by which such total of the percentage participations is less than 100%; (B) in no event shall any insurance company pay more than the percentage set opposite its name of the amount stated in Item 2 of the Declarations as the COMPANY'S Limit of Liability; (C) in the event that any insurance company for any reason whatsoever, including but not limited to the insolvency or financial impairment of such Insurance company, is unable or refuses to idemnify any INSURED in respect of the percentage of any ULTIMATE NET LOSS for which such insurance company is GLD055361 0049-GLD-000055361 AMERICAN EXCESS INSURANCE ASSOCIATION ACQUIRED, FORMED OR MERGED ENTITY -ADDITIONAL INSURED ENDORSEMENT It is agreed that: (1) prior notice of the acquisition, formation or merger of the entity(ies) listed below (which do not meet the criteria for automatic inclusion as an INSURED set forth in paragraph (6) of Definition (j) of the POLICY), by or with an INSURED under the POLICY, having been given to the COMPANY; and (2) The additional premium, stated below, which was required by the COMPANY having been paid to the COMPANY; in accordance with paragraph (6) of Definition (j) of the POLICY, as of Effective Date of the Endorsement, such entity(ies) shall be INSURED(S) under the POLICY and it is further understood and agreed that, with respect to any OCCURRENCE giving rise to liability of the entity(ies) listed below, the RETROACTIVE DATE shall be 04/01 , 19_8Z_. Entity(ies): 1. KAISER CEMENT CORPORATION 2. 3. 4. Additional Premium: S 175,350 GLD055362 0049-GLD-000055362 1 -2 This endorsement forms a part of the POLICY to which attached, effective on the inception date of the POLICY unless otherwise stated herein. (The information below is required only when this endorsement is issued subsequent to preparation of the POLICY.) Endorsement effective04/01/87_____________ Policy No. Endorsement No. 3 HN000002886 NAMED INSURED HANSON INDUSTRIES ,, Countersigned bys -------- * (Authorized Representative) AEIA-8 GLD055363 0049-GLD-000055363 AMERICAN EXCESS INSURANCE ASSOCIATION IT IS AGREED THAT SCHEDULE A. CONTAINED IN THE POLICY IS AMENDED TO INCLUDE: MARFLEET REFINING COMPANY LIMITED AS RESPECTS TO OPERATIONS IN THE UNITED STATES AND CANADA. This endorsement, forms a part of the POLICY to which attached, effective on the inception date of the POLICY unless otherwise stated herein. (The information below is required only when this endorsement is issued subsequent to preparation of the POLICY.) Endorsement effective 10/01/86__________________ Policy No, HNQ00002886 Endorsement No.5 NAME INSURED AETA-SP-l HANSON INDUSTRIES . ADD.T t--PREMIUM: NIL. / /s' Countersigned by: -- 'AT" (Author iicetTRepresentative) 6LD055364 0049-GLD-000055364 -3- liable, no other insurance company or companies shall be liable for such percentage and the INSURED shall have right of recovery of such percentage only from the insurance company -which is so unable or so refuses. INSURANCE COMPANIES PERCENTAGE PARTICIPATION THE AETNA CASUALTY AND SURETY COMPANY FEDERAL INSURANCE COMPANY GENERAL ACCIDENT INSURANCE COMPANY OF AMERICA THE HOME INSURANCE COMPANY INSURANCE COMPANY OF NORTH AMERICA NORTH AMERICAN COMPANY FOR PROPERTY AND CASUALTY INSURANCE THE TRAVELERS INDEMNITY COMPANY UNITED STATES FIRE INSURANCE COMPANY ZURICH INSURANCE COMPANY, U.S. BRANCH 22.92% 12.13% 1.72% 1.33% 19. 19% 1.94% 19.19% 10.79% 10.79% ENDORSEMENT NO. 4 ADDITIONAL PREMIUM $424,600 AEIA-22 Signature of Authorized Representative GLD055365 0049-GLD-000055365