**Reinsurance Layout Sheet**

**Assured:** International Business Machine, Armonk, NY

**Policy Number:** 1991252

**Effective Date of Reinsurance:** 5/1/86

**Policy Limit:** $7,000,000

**Type of Coverage:** Umbrella

**Underlying Layer:** 20K

**Policy Premium:** $20,320

**Policy Period:** From 5/1/86 to 5/31/87

**Participating/Quota Share:**

| Reinsurer | Reinsurance Broker/Direct | Percent of Participation | Total Comm to Company | Closing Cert Number | Ceded Premium Annual | Pro-Rata |
|-----------|--------------------------|-------------------------|-----------------------|---------------------|----------------------|----------|
| Net       | 50%                     |                         |                       |                     | 124,900              |          |

**Treaty No.:**

| Treaty No. | Reinsurance Broker/Direct | Percent of Participation | Total Comm to Company | Closing Cert Number | Ceded Premium Annual | Pro-Rata |
|------------|--------------------------|-------------------------|-----------------------|---------------------|----------------------|----------|
| Constitution Re 14 | N.F.S. | 40%                    | 339.5                 | 811171              | 96,720               |           |
| West Union Re 14 | N.F.S. | 14%                    | 225                    | 70,220              | 24,180               |           |

**Excess of Loss or Section II Casualty:**

| Reinsurer | Reinsurance Broker/Direct | Percent of Participation | Total Comm to Company | Closing Cert Number | Ceded Premium Annual | Pro-Rata |
|-----------|--------------------------|-------------------------|-----------------------|---------------------|----------------------|----------|
| West Union Re 14 | N.F.S. | 100%                   |                       |                     | 338,520              |           |

**Automatic Excess Treaty Reinsurance**

**Remarks:** Congrats, Myg.

**Branch:** Underwriter: [Signature] Date: 7/15/86

**Coding:** 21190178