# Johnson & Higgins

Established 1845

**Insurance Brokers - Average Adjusters**
**Actuaries - Employee Benefit Plan Consultants**

95 Wall St., New York, N.Y. 10005
Tel: 701-500 Area Code 212
Cable Address: "KERODEN"
Telex No.: 423068

May 20, 1982

Mr. Richard Faron
Insurance Department
International Business Machines Corporation
Armonk, New York 10504

Dear Dick:

EXCESS UMBRELLA LIABILITY
POLICIES #01XN3013 AND #01XN3024
EXPIRING: MAY 21, 1982

At long last, I am enclosing endorsements to be added to the captioned policies correctly stating the intent of the Aircraft Products Hazards Exclusion and Grounding Exposures. In addition, I am also attaching two endorsements for the Canadian counterparts of the captioned policies.

I trust you find the attachments in order and ask that you contact me should you have any questions.

Very truly yours,

Richard T. Michel
Vice President

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