# Excess Umbrella Coverage - Insuring Agreements

## 1. Coverage

The Company hereby agrees, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Insured for all sums which the Insured shall be obliged to pay by reason of the liability imposed upon the Insured by law, or assumed under contract or agreement by the Insured for damages, direct or consequential and expenses on account of:

(a) Personal Injuries, including death at any time resulting therefrom.

(b) Property Damage.

(c) Advertising Liability.

caused by or arising out of each occurrence happening anywhere in the world, and arising out of the hazards covered by and as defined in the Underlying Umbrella Policies stated below and issued by the "Underlying Umbrella Insurers".

**UNDERLYING UMBRELLA INSURERS AND POLICY NUMBER:**

| Carrier | Policy No. T.B.A. | $2,000,000. Each Occurrence and/or in the aggregate excess of primary insurances. |
|---------|------------------|------------------------------------|
| A)      | Centennial Ins. Co. | $8,000,000. excess of (A) above |
| B)      | National Union Ins. Co. | $9,000,000. Excess of (B) above. |
| C)      | Northbrook Ins. Co. | $21,000,000. Excess of (C) above. |
| D)      | Various as on file with the Company | $40,000,000. Excess of (D) above. |

## 2. Limit of Liability - Underlying Limits

It is expressly agreed that liability shall attach to the Company only after the Underlying Umbrella Insurers have paid or have been held liable to pay the full amount of their respective ultimate net loss liability as follows:

(a) $80,000,000. ultimate net loss in respect of each occurrence, but

(b) $80,000,000. in the aggregate for each annual period during the currency of this Policy separately in respect of Products Liability and separately in respect of Personal Injury (fatal or non-fatal) by Occupational Disease sustained by any employees of the Insured

and the Company shall then be liable to pay only the excess thereof up to a further

(c) $10,000,000. part of ultimate net loss in all in respect of each occurrence – subject to a limit of $50,000,000.

(d) $10,000,000. part of in the aggregate for each annual period during the currency of this policy, separately in respect of Product Liability and separately in respect of Personal Injury (fatal or non-fatal) by Occupational Disease sustained by any employees of the Insured.

6/29/79
mcc
TV9812