Document oeqemKDOOLm7a0rLwNbkDM5bE

*'*-* GLD052057 j i i i 4-------- ------------- ------------- " I > m ch na a CD M 3X rt- O h - n> 3 CO I-- 01 w CD H- 3 P >3 ha x vo H* O O 00 00 W CO I 00 GLD052058 0049-GLD-000052058 Prudential Reinsurance Company RO. Box 908 213 Washington Street Newark. New Jersey 07101 felwfHe->Vn* OOOr*- l~V.-Sr3 (&U*5n,n%s. Excess Liability Policy A Subsidiary of The Prudential Insurance Company of America PRC 1 (Ed. 740) GLD052059 0049-GLD-000052059 GLD052060 0049-GLD-000052060 Prudential Reinsurance Company Excess Liability Policy Policy w- PMX .00082 ' Prior No.:________ EMX__ Q0005 f Producer: Marsh & McLennan. Inc. 1221 Avenue of the Amer-fca<; HOME OFFICE RO. Box 908 213 Washington Street Newark, NewJersey 07101 ___________N&wJfork, NY ino?n Code: DECLARATIONS Item 1. Insured's Name and Address S' SCM Corporation(As per underlying insurance as described in Item 5. of this 299 Park Avenue policy) New York, NY 10171 Item 2. Policy Period-From: January 1- 1983 . To: (12:01 A.M. Standard Time at the address of the Insured as stated herein) January 1 1984 Item 3. Coverage/Limits of Liability ,. ,,,, , , ... M.pn,a This policy covers with respect to those coverages indicated below, and shall apply only as excess erf the UNDER LYING LIMITS and then only up to the amount of THE COMPANY'S LIMITS OF LIABILITY, shown below: THE COMPANY'S COVERAGE UNDERLYING LIMITS LIMITS OF LIABILITY Excess Umbrella Liability $9,000,000. each occurrence and annual aggregate where applicable excess of various underlying primaries and/or Self-Insured Retentions' $5,000,000. each occurrence and annual aggregate where applicable excess of UNDERLYING LIMITS Item 4. Premium: A) Oeposit:$50j000. ^ B) Annual Minimum: 50,000. Rate:----- Premium Basis: Flat Charge Item 5. Schedule of Underlying Insurance: Item 6. Endorsement Number(s) Attached -- Hartford Insurance Co. Umbrella Liability Policy No.(to be determined) ,#1 #2 December 29, 1982 osrdf PRC a {E<i. 7-SO) Authorized Signature y GLD052061 0049-GLD-000052061 Prudential Reinsurance Company STATE 0? NEW YORK MANDATORY ENDORSEMENT Attached to and Made a Part of Excess Liability Policy Form PRC 1 (Ed. 7-80) It is hereby agreed that: 1. Notwithstanding anything in this Policy to the contrary, with respect to such insurance as is afforded by this Policy, the terms of this Policy as respects coverage for operations in the State of New York shall conform to the coverage requirements of,the applicable insurance laws of the State of New York or the applicable regulations of the New York Insurance Department; provided, however, that the .Company's limit of liability as stated in this Policy shall be excess of the limits of liability of any underlying insurance or self-insurance as stated in the Declarations or in any endorsement attached hereto. . 2. Item IV, NOTICE OF OCCURRENCE of the TERMS AND CONDITIONS of the Policy, is amended to include the following two paragraphs: "It Is hereby agreed that notice given by or on behalf of the Insured, or written notice by or on behalf of the Insured to any agent of the Company shall be deemed notice to the Company. Failure to give notice required by the terms of this policy within the time prescribed shall not invalidate the Policy if it is not It is understood and agreed that this policy is hereby amended as indicated. All other terms and conditions remain unchanged. Name of Insured SCM COPPOrati On__________________________ Endorsement: #1___________ Producer: Marsh & McLennan. Ine.;__________________________ Effective Date: 12/29/82 df ' .r Authorized Signature I GLD052062 0049-GLD-000052062 Prudential Reinsurance Company Policy No.: PMX 00082 Page 2 of 2 reasonably possible for the Insured to give such notice within the prescribed time and such notice is given as soon as is reasonably possible." 3. This Policy does not apply to assault and battery. 4. The following part XIV "ACTION AGAINST THE COMPANY" is added to the "TERMS AND CONDITIONS" of the policy: "XIV ACTION AGAINST THE COMPANY" No action shall lie against the Company unless, as a condition precedent thereto, there shall have been full compliance with all terras of this oolicv. 0 Insured> ^ligation to pay shall have been flnaS; determined, either by judgment against the Insured or by written agreement of the Insured, the claimant and the Company.' Any person or organization or the !egal representative thereof who has secured such judgment or written agreement shall thereafter be entitled to recover under 'this policy to the extent of the insurance afforded by this policy. No person or organization join the Company as a co-defendant in any action against the Insured's liability, nor shall the Company be impleaded by the Insured or his legal representative. Bankruptcy or Insolvency of the Insured shall not relieve the Company' of' any of its obligations hereunder. ***** It is understood and agreed that this policy is hereby amended as indicated. All other terms and conditions remain unchanged. of Incrpd- SOI Corporation.------------------------------ Endorsement:------- #1------------------- Producer: Marsh A Md ennanT Inc..---------------------------- Effective Date:----- 1/1/83--------- 12/29/82 df Authorized Signature GLD052063 0049-GLD-000052063 Prudential Reinsurance Company PMX 00082 AMENOteiT OF CANCELLATION CONDITION Except with respect to cancellation for non-payment of premium, it is agreed that the second sentence of Policy Condition XIII Cancellation is amended to read as follows: This Policy may be cancelled by Prudential Reinsurance Company by mailing to the Insured, at the address shown in this policy, written notice stating when, not less than sixty(60) days thereafter such cancellation shall be effective. , It is understood and agreed that this policy is hereby amended as indicated. All other terms and conditions remain unchanged. , Name of tnqiraH- $CM Corporation_____________________________ Endorsement:... $2 Producer: Marsh & McLennan, Inc-____________________ Effective Pate: 1/1/83 12/30/82 df Authorized Signature ___ __________ I GLD052064 0049-GLD-000052064 Prudential Reinsurance Company ~ In consideration of the premium charged, it is agreed^tem I. of the Declarations, Insured's Name, is amended to read: . "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. association or clubs of the Named Insured and Sylvachem Corporation, Jotun Marine Coatings and Compania Envasadora Loreto S.A. as Joint Ventures." It is understood and agreed that this policy is hereby amended as indicated. AH other terms and conditions remain unchanged. Mamepi Insured- --JQCorporation Endorsement: Producer: Marsh & McLennan. Inc. Effective Date: 1-1-83 5-23-83 cc ' .Dryden &.jCompai>y, Inc. ____________________ _/________ Authorized Signature PRC 3 (Ed. 7-90) GLD052065 0049-GLD-000052065