Document r4VJnEx225wr7YqXO6oznoNV

r James r FRED. S. JAMES & CO. OF NEW ENGLAND, INC, 40 Broad Street, Boston, Massachusetts 02109 (617)357-6600 Telex940227 December 9, 1986 Mr. Anthony R. Ferrara Hanson Industries, Inc. 100 Wood Avenue South Iselin, New Jersey 08830 Re: American Excess Insurance Association Dear Anthony: I have enclosed our Invoice #72117, in the amount of $36,300, which represents the additional premium due for increased capacity under the captioned policy. As of this date, participation by the Association is 69.6672 of $75,000,000, or an increase of 2.8372 over the initial capacity bound as of October 1, 1986. This premium is payable by December 16, 1986. Additionally, American Excess requires a letter from you stating that there are no known losses which would involve their policy. This letter must also be in their hands by December 16, 1986 or their offer will expire. Please let me know if you have any questions. Very truly yours. '/ur/) Joseph cr. Zavagnin Vice President JFZ:jb Enc. 2670G RECEIVED DEC i 0136 Ma~<:nn Insurance Brokers Since 1858 N17584 '***** ( C FIRST INTESTATE SANK OF WASHINGTON SEATTLE, WASHINGTON USI MANAGEMENT SERVICES, INC. 100 WOOD AVE. SOUTH ISEUN, NEW JERSEV 08S30 c hec k 005514 19-28/1250 r* GLD055380 0049-GLD-000055380