# DECLARATIONS
## COMMERCIAL EXCESS LIABILITY POLICY

**Chubb Group of Insurance Companies**
15 Mountain View Road, Warren, N.J. 07060
CHUBB

| Item | Description |
| --- | --- |
| Prior Number (91) 7908-98-97 | Producer Number 65222 |
| Policy Number (92) 7908-98-97 | Issued by the stock insurance company indicated (by "x" below) herein called the company. |
| **FEDERAL INSURANCE COMPANY** | Incorporated under the laws of New Jersey |
| **PACIFIC INDEMNITY COMPANY** | Incorporated under the laws of California |
| **SUN INSURANCE OFFICE LIMITED** | Incorporated under the laws of England |

### Item 1: Named Insured & Address
- **International Business Machines Corporation, Etal**
- **2000 Purchase Street, Purchase, New York 10577**
- **Producer's Name & Address**: Johnson & Higgins, 125 Broad Street, New York, New York 10004

### Item 2: Policy Period
- From: 05/21/91 To: 05/21/92 12:01 A.M. standard time at the address of the insured as stated.

### Item 3: Premium
- **Premium**: $12,500.-
- **Basis Rate**: Per:
- **Rate**: 

### Item 4: Limits of Liability
- **$ 5,000,000.- Each Occurrence $ 5,000,000.- Aggregate in excess of $ See End't # 2 Each Occurrence $ See End't # 2 Aggregate**

### Item 5: Schedule of Underlying Insurance
#### a. First Underlying Insurance
- **Company**: American Home
- **Policy No.**: TBA
- **From/To**: 05/21/91 - 92
- **Claims Made**: N/A
- **Retroactive Date**: N/A
- **Limits**: Each Of Liability: $ 25,000,000 Occurrence $ 25,000,000 Aggregate

#### b. Other Underlying Insurance
- **Company**: Various
- **Policy No.**: TBA
- **From/To**: 05/21/91 - 92
- **Claims Made**: N/A
- **Retroactive Date**: N/A
- **Limits**: Each Of Liability: $ 90,000,000 Occurrence $ 90,000,000 Aggregate

In Witness Whereof, the company issuing this policy has caused this policy to be signed by its authorized officers, or the authorized officers of its U.S. Manager, Chubb & Son Inc., but this policy shall not be valid unless also signed by a duly authorized representative of the company.

**CHUBB & SON INC., U.S. MANAGER OF SUN INSURANCE OFFICE LIMITED**
- **President**: Frederick R. Higley
- **President**: Henry A. Ambick
- **President**: Henry A. Ambick
- **President**: Henry A. Ambick
- **Authorized Representative**: Johnson W. Zuckley

**Date**: 06/06/91 M.M.