Document dazYNYYpEJeMOg28r2xV9q0oB
'W. F. & D. LTD.,
Date:- hth Fovember, 1958
Endorseraent to be attached to and form part of
Policy No. 4639 of LLOYD'S OTDE^-SlTSaS#
NAME OF ASSURED:
THE AKACORDA COKFAKY & OTHERS.
It is hereby declared: and agreed that with effect from the 7th
July, 1958 the. Anaconda Company will engage in the manufacture of aluminium: foil for use as food wrapping etc. it being noted that the operation, will tie conducted, under the name of Cochran Foil Corpn. and the indemnity by this policy is extended to apply accordingly.
Subject otherwise to all the terms, conditions and limitations of the policy.
EJW/JEL
N11048
AID 004862
loth June, 1958
;
4639
The Anaconda Company, and other*.
It 1* hereby declared and agreed that the exclusion of Aircraft Liability under this policy shall not be held to eliminate corerege for Aircraft Products Liability as this coverage is afforded by the primary Incur*nee.
It la also declared and agreed that notwithstanding anything In the policy to the contrary the term "ooourrejioe" means an event* or a eontlmous or repeated exposure to con ditions which unintentionally causes injury, damage, or destruction during the policy period. Any number of euah InjurIce, damage, or destruction resulting from a common cause or from exposure to substantially the seme conditions, ahull be deemed to result from one occurrence.
It la else declared and agreed that the term "Products Hasard" swans i
(1) goods or products manufactured, eold, handled or distributed by the named Assured or by others trading under hie name. If the eoaident occurs after possession of suob goods or products have been relinquished to others by tha named Assured or by others trading under hie nsme end If euah ealdent occurs sway frost premises owned, rented, or controlled by the named Assured or on premises for whloh the elssslfleation stated In division (a) of the declarations excludes any pert of the foregoing; provided* auehi goods or products; shall be deemed to Include any container, thereof, other then a vehicle, but shall not Include any vending machine or any property, other than suoh container, rented to or located for use of others but not sold;
(2) operations, If the accident occurs after each operations have been completed or abandoned end occurs easy from promisee owned, rented, or controlled by the named Assured; provided, operations shell not be deemed Incomplete because Improperly or defectively performed or beoause further operations may be required pursuant to an agreement; provided further, the following shall not beideemed to be "operations" within the meaning of this paragraphi (a) pick-up or delivery, except from or cn to a railroad car. (b) maintenance of vshlelee owned or used by or on;behalf of the Aesured, (o) the axis tense of tools, uninstalled equipment and abandoned or unused anterlals, and (d) operations for whloh the claaalfioatlon stated In division (a) of the declarations Specifically includes completed operations.
All other terms and conditions retneln unchanged.
a id 004863
13th April, 1358,
m m/csmA corns* ah o /d x it s a e r l x ax e d *
ASSOCIATED ARD 80BSIZ2IABT COXPARISS AS HOT
OOttBZlXtnSD OX AS MAT BBSSZXAFCTt BX JURgJXSSD 01 CRBAffKD AID ZSSfSBmOS CQflfSOUDAXSD COPPSt OOKPAHY AID WAKK COOHttAEXVK V8BQATZLX 0QKP/H7 AID BORS COPPSX ASS ZZSO COtPART.
--^ Jile har<*3r 0law4 0 gre8 with effect f*on April
lltfar 1957 theithe aaocat of the tmdarlTing
la
rMpoot of AOrertlsere MefelUtar la laereesed to B.8.#i#ooo#ooo*
a h ether t rcotia weltered
eeotttloae ao4 Uaitetloo* of this pollajr
AID 004864
3
W.F. t 3. LTD., LONDON.
Date:- 3rd September,!957.
THIS ENDORSEMENT is to be deemed to be embodied in and. form part of
the original Policy numbered
and should be attached
thereto.
NAME OF ASSURED:
THE ANACONDA COMPANY AND/OR ITS AFFILIATED, ASSOCIATED AND SUBSIDIARY COMPANIES AS NOW CONSTITUTED OR AS MAY HEREINAFTER BE ACQUIRED OR CREATED AND INSPIRATION CONSOLIDATED COPPERCOMPANY AND WARRIOR COOPERATIVE MERCANTILE COMPANY AND BUTTE COPPER AND ZINC COMPANY.
S^!!?5l??Yl_55_?e^?:tiarjL 1957.
IN CONSIDERATION of an included additional premium such insurance as is afforded by this Policy is extended- to cover the Anaconda Wire and Cable Co., as an additional Assured, it being understood and agreed that in respect of the above mentioned additional Assured only Exclusion (f)"of the Policy shall be deemed to be inapplicable.
ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNALTERED.
AID 004865
' ATTACHING TO ATP FORMING PART OF POLICY NO. ;:--7
(hereinafter called the "Named Assured").
INSURING AGRES1.ENTS
I. COVERAGE.
Underwriters hereby agree, subject to the limitations, terms and conditions hereafter mentioned, to indemnify the Assured for all sums which the Assured shall be obliged to pay by reason of the liability imposed upon the Assured by law or assumed by the. Named Assured uindier contract or agreement, for damages, direct or con sequential, and expenses all as more fully defined by the term "ultimate net loss", oh account of personal injuries, including death at any time resulting therefrom, and property damage, caused , by or arising out of each occurrence happening during the Policy period, snyv.-here -ir. the World.
II. LIYIT OP LIABILITY - Underlying Limits.
Underwriters hereon shall only be liable for the ultimate net loss
the excess of
>
U. 3. # 3,000,030. " in all in respect of each occurrence, but aa regards Products Liability
U. 8.M 3,000,000.
in the aggregate for each annual period during the currency of this Policy
which in turn pays the excess of either
1. - the amount recoverable under underlying insurances as set out in the attached Schedule,
OR
2. U, S. 50,000.
ultimate net loss in respect of each occurrence not covered by said underlying insurances (all hereinafter called the "Underlying Limits"),
and then only up to a further
U.S.% 1,000,000. in all in respect of each occurrence, subject 'in respect of Products Liability to a limit of
U.S.% 1,000,000. in the aggregate for each annual period during the currency of this Policy.
The words "each annual period" shall mean each consecutive period of one year conmeneing from the effective date of this Policy.
In the event of reduction or exhaustion of the aggregate limits of liability under underlying insurance by reason of losses paid thereunder, this Policy shall:
(1)' in the event of reduction pay the excess of the reduced underlying limit;
- (2) in the event of exhaustion continue in force as underlying insurance.
The inclusion hereunder of more than one Assured shall not operate to increase Underwriters' limit of liability.
-1-
AID 004866
THIS POLICY IS SU3JECT TO THE FOLLOWING DEFINITIONS:
1 . ASSURED:
The unqualified word "Assured1, wherever used in this Policy, includies not only the Named'Assured hut also:-
(a); any officer,, director, stockholder or employee of the Named Assured, while acting in his capacity as such,
(b) any person, organisation, trustee or estate to whom the Nljned floured:! is obligated by virtue of, a written' echjiShhpt' or. agbeecjCrt::''to preylda1 insurance such as is affdfsjifed",'b:ir 't^iis:"Policy, butphly'in respect of operations by or on tsbhsjff Ofll'i:thC,"ameii Assured: or of facilities 'used by the Named Assured;
(c) with respect to any automobile owned by the Named Assured or hired for use on behalf of the Named Assuredor to any airofaft hired for use on behalf of the Named Assured,
any persoii: while uaiiig such, automobile or aircraft and
any pe^Spn, ori:'Crganiisation legally responsible for the use thirebf, provided the actual use of the automobile . or aircraft ip with the permission of the Named Assured. Thfei Insurance!.; extehdbd by this sub-division (c)., with respect to any person or organisation other than the Named Assured, shall not apply -
1. to any person or organisation, or to any agent or employee thereof, operating an automobile repair shop,
public garage, sale's agency, service station, or public parking toleicB', with respect to any occurrence arising out of the operation thereof;
2. to any manufacturer of aircraft, engines or aviation accessories, or any aviation sales or service or repair organisation or airport or hangar operator or their
respective employees or agents, with respect to any occurrence: arising out of the operation thereof;
3. to any employees with respect to injury to or the death of another employee of the same Employer injured in the
course of such employment in an occurrence arising out of the maintenance or use of am automobile or an aircraft in the business of such Staplqybr; b. with respect to any hired automobile or aircraft, to
the owner thereof or to any employee of such owner.
2. PERSONAL INJURIES.
The term "Personal Injuries}' wherever used herein, shall include, but not by way of limitation;
"3odily Injury, Mental Injury, Mental Anguish, Shook, Sickness, Disease, Disability, False Arrest, False Imprisonment, False Eviction, Detention, Malicious Prosecution, Discrimination, Humiliation, Invasion, of right of privacy. Libel,Slander or Defamation of Character; also, Piracy and any Infringement of Copyright or of property or contract rights committed or alleged to have been conmitted in the conduct of the Assured's advertising activities."
-2-
AID004867
It is understood and agreed, however, that with respect to
advertising activities this policy shall not apply to: claims
against the assured:
'
1 . Por, failure of perforaance of contract (but this shall no,t relate to claims for unauthorized,
appropriation of ideas based upon alleged breach of implied contract).
2. 3y advertising agents of the Assured.
3. Por infringement of trade-mark or trade-name by use
thereof a1 the trade-mark or trade-name, on goods as advertised.
4. Por incorrect description of any article or commodity.
5. Por mistake in, advertised price.
3. PROPERTY DAMAGE.
The term "Property Damage", wherever used herein, shall include,
but not by way of limitation, damage to or destruction or loss of
property excluding however, damage to property owned by the Named Assured.
4. OCCURRENCE.
The term "Occurrence''', wherever used herein, shall mean one happening or series of happenings, arising out of or due to one event taking place during the term of this Policy.
5. U1TE-ATE NET LOSS.
The term "ultimate net loss" shall mean the total sun which the Assured, or any company as his Insurer, or both, become obligated to pay by reason of personal injury or property damage claims, either through adjudication or compromise, and shall also include hospital, medical and funeral charges"and all suns paid as salaries, wages, compensation, fees, charges and law cost3, premiums on attachment or appeal bonds, interest, expenses for doctors, lawyers, nurses and investigators and other persons, and for litigation, settlement, adjustment and investigation of claims and suits which are paid as a consequence of: any occurrence covered hereunder, excluding only the salaries of the Named Assured's or of any underlying Insurer's permanent employees.
The Underwriters shall not be liable for expenses as aforesaid when such expenses are included in other valid and collectible insurance.
6. AUTOMOBILE.
The term "automobile" wherever vsed herein, shall mean a land motor vehicle, trailer or semi-trailer.
7. AIRCRAFT.
The term "aircraft", wherever used herein, shall mean any heavierthan-air or lighter-than-air aircraft designed to transport persons or property.
AID 004868
8. PHofiUCTS LIABILITY.
Tile tern "products liability" means
(l ) liability arising out of the handling or use of, the existence of 'any condition in or a warranty of goods or products manufactured, sold, handled, or distributed by the Named Assured, other than equipment rented to or located for use of others but not sold, after the Named Assured has relinquished possession thereof to others and away from1 premises owned, rented or controlled by the Named Assured.*
(2) liability arising: from operations, if the occurrence occurs iafter such operations: haire' been: completed1 or abandoned at the place of occurrence thereof and away ffem premises owned, rented or controlled by the; Named Assured,, except Ca)' pick-up .add ideliyery, (b) the existence of tools, '"Uninstalled' squiipielht and abandoned or uniiSed materials; ' provided operations shall- net be deemed incomplete because;''improperly or
defectively performed or because further operations mSy be required' pursuant to a service Of maintenance agreement.
9. ANNUAL PERIOD.
The term, "each, annual period" shall mean each consecutive period of one year commencing from the inception date of this Policy.
THIS POLICY IS SU3J3CT TO TH3 FOLLOTOIU SCCLOSIONS:
This Policy shall not apply, except insofar as coverage is available to the Assured under the underlying insurances set out in the attached Schedule.
(a) to liability of any Assured hereunder for assault and battery committed by or at the direction of such Assured except liability for personal injury or Death resulting from any act alleged to be assault and battery comnitted for the purpose of preventing or eliminating danger in the operation of aircraft;
(b) to claims made against the Assured:
(i) for repairing or replacing any defective product or products manufactured, sold or supplied by the Assured or any defective part or parts thereof nor for the cost of such repair or replacement;
(ii) for the loss of use of any such defective product or products or part or parts thereof;
(ill) for improper or inadequate perfomance, design or specification.
(c) except in respect of occurrences taking place in the United States of America, its territories or possessions, or Canada, to any liability of the Assured directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalisation or requisition or destruction of or damage to property by or under the order of any government or
j public or local authority.
-k-
AID004869
(d) Wi,th respect to ary Aircraft.
(e) to ary obligation for which the Assured, or any Company as its Insurer; may be held under any Workmen'?, Compensation, Employer's Liability pr Occupational Disease. Law provided however that this exlasion does -apt. apply to liability of ethers assumed by: the ;Samei::&ssured under dbntract of' agreement:.
(f) to liability arising from damage to or destruction of property under the Assured's care, custody or control.
THIS POLICY IS SUBJECT TO THE FOLLOWINS CONDITIONS;
A. PREMIUM. 'Ihe: premium for which this Policy is issued is a flat premium and is not subject to adjustment on expiry.
B. INSPECTION AND AUDIT. UNDERWRITERS shall be permitted at all reasonable times during the Policy period to inspect the premises, plants, machinery and ` equipment used in connection with the Assured's business, trade or work, and to examine the Assured's books and records at any time during the currency hereof and within one year after final settlsnent of all claims so far as the books and records relate to any payments made on account of occurrences happening during the term of this Policy. C. CROSS LIABILITY. In the event of claims being made by reason of personal Injuries suffered by any employee or employees of one Assured hereunder for which another Assured hereunder is or may be liable, then this Policy shall cover such Assured against whoa a claim is made or may be made in the same manner as if separate policies had been issued to each Assured hereunder. In the event of claims being made by reason of damage to property belonging to any Assured hereunder for which another Assured is, or may be, liable, then this Policy shall cover such Assured against whom a. claim is made or may be made in the same manner as if separate policies had been issued to each Assured hereunder. Hothing contained herein shall operate to increase Underwriters' limit of liability as set forth in Insuring Agreement II. D. NOTICE OP OCCURRENCE. Whenever the Assured has information from ijiuLch the Assured may reasonably conclude that an occurrence covered hereunder involves injuries or damages which, in the event that the Assured should be. held liable, is likely to involve this Policy, notice shall be sent to Johnson and Higgins, S3, '.Tall Street, New York 5, New York.
-5-
AID004870
vho shall refer to Underwriters for instructions
as soon as practicable/ provided however, that failure to notify the above .firm of any occurrence which at the tine of its happening, did not appear to involve this Policy, but vftich, at a later dote, would appear to give rise to claims hereunder, shall not prejudice such claims.
3.. ASSISTANCE AND CO-OPSRATIOK.
Underwriters shall npt be called upon to assume charge of the
settlieAeiit: or defense of any, claim made or suit brought or proceeding
instituted! against the Assured but Underwriters shall have the.'right
and shall: jbe1 given1 the opportunity to associate: with , the Assured . or
'bMer;iifingylhs:uririsy: .bi' both*;,ifiiv]th^ vdefehse rind. "
contpbS: "of "vaiiy1' dlaimj. !riui^.!;0j';:ii3fcoC'eeiiing f.ejllbtisre'bto!: lip /'oriedibemce
where the claim or suit involves, or appears reasonably likely to .
involve tjndripWpiterii,;. 4h which event the iAs!smi;ed';^!nd Underwriters
shall eoreiebkbe iii 4ti
defense' rif eueh
suit or
proceeding.
F. APPEALS.
In the event the Assured or the Assured's underlying Insurers elect not to appeal a judgment in excess of the underlying limits, Underwriters may elect to make such appeal at their cost and expense,
and','shell!' bd liable for the taxable costs and disbursements and indereeb, incidental thereto, but iri no event shall the liability pit?: Underwriters for ultimate net loss exceed the amount Set forth in ihsiurin&: Agreement II for any one occurrence and in addition the cabt and expense of such appeal.
G. LOSS PAYABLE.
Liability under'this Policy with respect to any occurrence shall not attach .hnlelss and until the Assured, or' the Assured' s underlying Insurers, Si|all have paid the amount of the underlying limits on acdounb|bf!':slioh occurrence:. The Assured shall make a definite claim for aiiy:'lopi for which the Underwriters may be liable tinder the Policy witMn twelve (i 2) months after the Assured shall have paid an ampurit df Ultimate net: loss in excess of the amount borne by the Ass;th,e:d: or Mjfter, the Assured1 s liability shall have been fixed and rendered: ceijtaini either by final judgment against the. Assured after
acthel: trial or by written'agreement of the Assured, the Claimant, and Underwriters. If, any subsequent payments shall be made by the Assured on account of the same occurrence, additional claims shall
be made similarly from time to time. Such losses shall be due and
payable within thirty (30) days after they are respectively claimed and proven in conformity with this Policy.
H. BANKRUPTCY AND INSOLVENCY.
In the event: of the bankruptcy or insolvency of the Assured or any entity comprising the Assured, the Underwriters shall not be relieved thereby of the payment of any claims hereunder because of such bankruptcy ofc insolvency.
I. OTHER INSURANCE.
If other valid and collectible insurance with any other Insurer is available1 to the Assured covering a loss also covered by this policy,Other than insurance that is in excess of the insurance afforded by this Policy, the insurance afforded by this Policy shall be in excess of and shall not contribute with such other insurance. Nothing herein shall be construed to make this Policy subject to the terms, conditions and limitations of other insurance.
6- -
)
AID004871
J. SUBROGATION.-
Inasmuch as this Policy is ''Excess Coverage'', the Assured1s right
of recovery against art* person or other entity cannot be exclusively
subrogated to the Underwriters.
It is therefore,: understood and
agreed that in case of aiiy payment hereunder, the Underwriters will
act in concert with all other interests.(including the Assured)
concerned,in the exercise of such rights of recovery. , The.
apportioning of ary amounts which nay be so recovered shall follow the
JfeinOffple ,,ishat. any. interest, X.ihclPdlpg the, Ass;ured),!:.thafe .shall1 have
^id,:;:;6h:iaa9t^fv;.o'fea:,and,:'.ao,dve .any pajtaen^:heretitider:,,::.shdli first'be
iiginfijldrSed'jtiji, ffo:v-the'htodunt: paid 'by '.them; the Underwriters dre'then
^0^;:^!.'of any balance theniremsinihg.'ip to the amount
,pa;id"nbl,niiSfe^Sl 'i-.lqiffly, tli.jP dniepsstev( including, the Assured) off
.ijliijm:
;'Alii.s'- are''entibied,.. 'to;,:ciaii:^the,rePidie,.
iifH'&iyij ' ':,Bp^ns|n.''|i9d^;SSary!lli'tb: the recovery of any such .amo'ents
shall be apportioned between the interests (including the Assured)
concernled, 'in She;'tealtio:. of their rbssect;ire'recove.rie'S,'-aSi finally
settle.
'' ' ^
K. CHANGES,
Notice to or knowledge possessed by any person shall not effect a waiver pr change in any part of this policy or estop Underwriters from' averting any'right under the terms of this Policy; nor shall tide. it'drps off this policy be waived or changed, except; by Endorsement issued1 to form a part hereof, signed by Underwriters.
L. ASSIGNMENT.
Assignment of interest under this Policy shall not bind Underwriters u#til their consent is endorsed hereon.
M. ntNr.rt,t.ATTfw.
This Policy may be cancelled by the Named Assured or by the Underwriters or their representatives by sending by registered mail notice to the.other party stating when, not less than
( ) days thereafter, cancellation shall be effective. The mailing
of notice as aforesaid by .Underwriters or their representatives to the Assgbed at the address shown in this Policy shall be sufficient proof off notice, and the insurance under this policy shall end on
the affective date and hour of cancellation stated in the notice. Delivery of such written notice either by the Named Assured or by the Underwriters or their representatives shall be equivalent to mailing.
N. CURRENCY.
The premiums and losses under this Policy are payable in United States Currency.
O. CONFLICTING STATUTES.
In the event that any provision of this Policy is unenforceable by the Assured under the laws of any State or other jurisdiction wherein it is claimed that the Assured is liable for any injury covered hereby, because of non-compliance with any statute thereof, then this policy shall be enforceable by the Assured with the same effect as if it complied with such Statute.
-7-
AID004872
P. SERVICE OF SPIT: CLAUSE.
It is: agreed that in the event of the failure of Underwriters
hereon to pay any amount claimed to be due hereunder* Underwriters
here?,,; at the request" of the Assured will submit to the
jurisdiction of any Court of competent jurisdiction within
the United States and will comply with all requirements necessary
to giyev sdch,:C!o,urf, jurisdiction end all, matters arising,hereunder
.shall''1 be detef&ihed'-in,! accordance''With': the "law and practice of such
Court.,'1"
"
If, is further agreed that service of process in such suit may be niadfeagph./1.'
SENDEE AND MOUNT, 27, William Street, New York, and/or their ncminee(s)
and: that in any suit instituted against any ore of them, upon this contract, $Underwriters will abide by the final decision: of such dodi||t' ,;ji|)l' |>' dny Appellate Court in the event of an appeal. The ahoydfijhSn&d' |r:e authorized- and directed to accept service of lirdodle'oliibdha-lf/df Underwriters in any sdch suit and/br upon tjh^-df the-Aasdred to give ,a Written undertaking to the AsduMdd that they will enter a general appearance upon Underwriters' tiehhSi",ih:the event' such a suit1 shall be instituted.
Further, pursuant to any statute of any state, territory or district bf:'t!'j|eiuhifed States which makes provision therefor. Underwriters hereEJn,;hereby designate the Superintendent:, Conrnissioner or Director Of '3snlsurs|?ce::!i;:or, other',$ffleers specified for that purpose in the statfiftey ,,l?h hfs suode'ssor of successors in office, as,: their true and lawful attorney upon whom may be served any lawful process in any ^siijpjd, suit or proceeding instituted by or on behalf of the Assd^edi :o| any beneficiary hereunder arising out of this contract of'MS-itiiaiieel ard hdrelSy, designate' the above-named as "the person to iWlibO?' :the Said :officer is authorized to mail such process or a true copy thereof.
<5. iklNTBSTANSE OB UNDERLYING INSURANCES,
It is a condition of this Policy that, the Policy or Policies referred to in the attached "Schedule!; of Underlying Insurances" Shall be maintained ips full effect during the currency of this Policy except of any reduction of the aggregate limit or limits
contained'':therein Solely by payment of claims in respect of accidents-and/or occurrences occurring during the period of this Policy.
\ -8-
AID 004873
ATTACHING TO AND TORa INC- PART OF POLICY NO. 59U/-5l
IT, IS H~R-37 r,:O.D-.3TOOD DD ,.GRDED that Definition 5.CLTIkn2c, NET LOSS; Condition J. SUBROGa TIo N;' and Condition H. CANCELLATION; shall he deemed to be deleted and replaced by the following:
Definition 5. ULTImATE NET LOSS.
The tern "ultimate net loss" shall near, the total sun which the Assured, or any company asMts'insurer, or both,, bedome'obligated tOi!.,psy, fc...reasop: of personal,indury or property damage dales, either through adjudication or1 compromise, and shall, also include hospital, mOMpal and ..tuneral, charges and all-.. Sums, paid as ' salaries', wages, Cpri^enadtion,. peS,r, charges ana law costs,' premiums cn attachment or app'ieai''bj:bhda^. interest,'expenses for doctors, lawyers, i nursSs, and i|i|,,eatigathhe add'bShez" persons, and for 'litigation, settler.ieh.tt a|hhtia^h,',ahd:,'|nyeSti'gation.' of' :diaias; and/ suits which; are paid as a qphslph^aei'dfi'iaiiy'.'Ooduahehde, ''covered! hereuniier, excluding';.only the S^lhi^hNgfi'/thei'Kaiaad .AssUfeid' si or-of any underlying Insurer's pgri#haht.': esaployees.
The Underwriters shall not be liable for expenses as aforesaid when shod eSpensflpS 'are included'in Other valid and collectible insurance,
Do thing herein contained shall be construed to mean that the Assured shall be required;to enforce by legal action any right of Subfcpg.atidHil br. iademniiy before the tJuderwri tens shall pay ary loss for which they may'be'liable hereunder.
Condition J. SUBROGATION.
Inasmuch as this Policy is "Excess Coverage", the .assured's right of recovery against any person or other entity cannot be exclusively subrogated to the Underwriters, If is therefore, understood and agreed ffaat in case of any payment hereunder, the Underwriters will act. in concert with all other interests (including the Assured) concerned, in the exercise of such rights of recovery- but the Underwriters shall have no rights of subrogation against any owned or controlled subsidiary or affiliated company of the Named Assured, The. apportioning of any amounts which may be so recovered shall follow the principle that'any interest (including the Assured) that shall halve paidjlian! aa(odnt over and above any payment hereunder, shall first be reimbursed up to the amount paid by them; the Underwriters are; then to be reimbursed: out of any balance then remaining up to the amount paid hereunder; lastly, the interests (including the Assured) of whom this coverage is in excess are entitled to claim the residue, if any. Expenses necessary to the recovery of any such:amounts shall be apportioned between the interests (including the Assured) concerned, in the ratio of their respective recoveries as finally settled.
Condition M, CANCELLATION.
This Policy may be cancelled by the Named Assured or by the Underwriters or their representatives by sending by registered mail notice to the other party stating when, not less than Thirty (30) days thereafter,; cancellation shall be effect!ve.The mailing of notice as aforesaid by Underwriters or their representatives to the Assured at the address phown in this Policy shall be sufficient proof of notice, and the insurance under this policy shall end on the effective date and itour of cancellation stated in the notice. Delivery of such written notice either by the Named Assured or by the Underwriters 'or their representatives shall be equivalent to mailing. In ti^e' event of camellatlon by (a) the Assured, the earned premium tb be retained by the Underwriters shall be calculated at sh;o:rt rate of the flat premium; (b) the Underwriters, the earned premium to be retained by thau shall be calculated at a pro-rata premium.
AID 004874
COttPRIaRPSlVS, G5I5RAL LIABILITY XITCLCSKg AUTOYOLILSS.
TRAVELERS IRSCRANCO COiPARY
Covering in United Stares of America, its territories or possessions, Canada and Newfoundland.
BODILY INJUR?:
}
vl ,OOC,OOC,/1 ,OCO,OCC./1 ,OCO,OCC. aggregate products |
PROPERTY DAKAGSi (Automobile.)
500,000.
PROPERTY DAhAGR: (other than Automobiles)
vSOC,000. V50D,00Q. *500,000. *500,000. V500,000.
any one accident, aggregate operations, aggregate protective, aggregate products, aggregate Contractual.
$ Comprehensive
) General ) Liability
) 3odily Injury ) and Property
) Damage including ) Water Craft.
BODILY INJURY; V10,0Q0./lQ,000. PR0P3RTY DAMAG3; VI 0,000.
) Contractual Liability
Agreement between the
1 Atchison Topeka and Santa ?e Railway Company and Anaconda j Company.
COjDRBHBNSIVB G3ISRAL LIABILITY IKCIL'DING AUTOMOBILES.
COniERCIAL IDSURARC3 COMPANY 0? JSSWARK (Mexico.)
BODILY INJURY: 200,000./500,000. PROPERTY DAMAGE: *50,000. any one accident.
1.
) i i Comprehensive ) General ) Liability ) including ) Automobiles.
$>50,000.. aggregate operations. $50,000. aggregate protective. V50,bOO. aggregate contractual.
NSV/ARK INSCRADC5 COMPASYCovers remainder of operations outside United States of America,its territories or possessions, Canada, Newfoundland and Mexico with the exception of Russia and Russian controlled countries.
BODILY INJURY:
VI,000,000./1,000,000. PROPSRTY DAMAGE; *500,000. any one occurrence,
Comprehensive General liability including Automobiles loccurrence basis.
ADVERTIS5RS LIABILITY: V750.000.
-1-
AID004875
HOYS'S IIXIS&I5 DRAB. ACT. 20SILY IHJOEY: ^50,000, any one person BOElKY HKfeKY: *100,000. any one occurrence. ESAM&rOP SUPPORT: 550,000. e e o b s St y d a ma g e i 550,000. .
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