# POLICY OF EXCESS INSURANCE

**Reliance**

**Prior Policy Number:** New  
**POLICY NUMBER:** NEA 0109021  

**Code Number of Company providing Coverage: Each is a Stock Insurance Company, herein called the Company.**

- **1:** RELIANCE INSURANCE COMPANY, Philadelphia, Pennsylvania
- **2:** PLANET INSURANCE COMPANY, Sun Prairie, Wisconsin
- **9:** RELIANCE NATIONAL INSURANCE COMPANY, Wilmington, Delaware

**NOTICE OF CLAIM**
NOTICE SHALL BE GIVEN TO THE INSURER AT THE FOLLOWING ADDRESS:
RELIANCE NATIONAL RISK SPECIALISTS CLAIMS DIVISION
77 WATER STREET
NEW YORK, NY 10005

**DEclarations**

**ITEM 1**
- **NAMED INSURED:** International Business Machines Corporation (See Endorsement #1) (hereinafter called the Insured)
- **Street Location:** 
- **City:** Armonk
- **State:** N.Y.
- **Zip:** 10504

**ITEM 2**
- **POLICY PERIOD:** May 21, 1993 to May 21, 1994
  - Effective Date: 12:01 a.m.
  - Expiration Date: 12:01 a.m.

**ITEM 3**
- **POLICY PREMIUM:** Total Premium (Due at Inception): $ 22,500.

**ITEM 4**
- **DESCRIPTION OF COVERAGE:** Excess Umbrella Liability

**ITEM 5**
- **UNDERLYING INSURANCE:**
  - (a) Underlying Policy: American Home Assurance Company
    - Coverage: Umbrella Liability
    - Policy Period: 5/21/93 to 5/21/94
    - Policy No.: T.B.A.
    - Policy Limit: $25,000,000. each occurrence and aggregate where applicable excess of underlying limits
  - (b) Total limits of all underlying insurance including the underlying policy in excess of which this applies: $60,000,000. each occurrence and aggregate where applicable excess of underlying limits

**ITEM 6**
- **LIMIT(S) OF THE COMPANY'S LIABILITY:** $5,000,000. part of $55,000,000. each occurrence and aggregate where applicable excess of underlying limits stated in Item 5(b) above.

**ITEM 7**
- **FORM(S)/ ENDORSEMENTS:** See Schedule attached.

**Date:** 6-9-93  
**Countersigned By:** [Signature]  
**Authorized Representative**

**INSURED COPY**