# Document Image

This document appears to be an insurance policy endorsement form for International Business Machines Corp. (IBM). Here is the transcription of the key information from the document:

## Header Information
- **Policy No.:** 49-06-923
- **Effective Date of Policy:** 5-21-79
- **Effective Date of End:** 5-21-79
- **Agency No.:** 50-515-810
- **Additional Premium:** $ [Blank]
- **Return Premium:** $ [Blank]

## Named Insured
- **International Business Machines Corp.**

## Endorsement Details
- This endorsement is issued by the company named below, which is the insurer under the policy designated above.
- The endorsement forms part of the policy as of the effective date hereof.

## Composite Rate
- It is agreed that the premium for the policy period 5-21-79 to 5-21-80 shall be computed as follows:
  - **Estimated Payroll:** 3,637,500,000
  - **Rates per $1,000 of Payroll:**
    - S) 0.19320
    - E) 0.07216
  - **Premiums:**
    - S) $702,765
    - E) $262,470

## Additional Notes
- **Johnson & Higgins**
- **Date:** 9/7/79

## Insurance Companies
- Zurich Insurance Company
- American Guarantee and Liability Insurance Company

## Signature
- A signature is present at the bottom right corner, but the name is not legible.

## Document Number
- MM 009598

This document outlines the terms and conditions of an insurance policy for IBM, including the rates and premiums calculated based on the estimated payroll.