# Schedule B - Part 1

## Certificate of Casualty Facultative Reinsurance

**Contract No.:** A 51319/86A

## NY Insurance Exchange

In consideration of the stipulations herein set forth (including the General Conditions contained in Schedule B - Part 2 attached) and payment of the premium shown below, the Underwriting Member(s) listed on Schedule A the Reinsurer(s), do(es) reinsure:

**Ceding Co. and Address (herein referred to as the Company):**

- **Lexington, Insurance Company**
- **Wilmington, Delaware**

**Broker Member or Associate Broker and Address and Broker Number:**

- **Risk Transfer Inc.**
- **45 John Street**
- **New York, NY 10038**

**Company Policy No.:** 552 8820  
**Renewing Contract No.:** New  
**Replacing Contract No.:**  
**Broker Ref. No.:**  
**Co. Policy Period:** 5/21/86-5/21/87  
**Schedule B - Part 2 Form No.:** 14C  
**B112A**

## Declarations

| Insured | International Business Machines |
|---------|--------------------------------|
| Address | Armonk, New York               |

**Reinsurance Effective:** 5/21/86  
**Expiration:** 5/21/87  
**Term:** 1 year

### Item 1: Type of Insurance
- Excess Umbrella

### Item 2: Policy Limits and Applications
- $10,000,000 Combined Single Limit X/S $80,000,000 Combined Single Limit X/S Underlying

### Item 3: Company Retention (in Currency)
- $5,000,000 CSL P/O $10,000,000 CSL & $80,000,000 CSL X/S Underlying

### Item 4: Total Reinsurance Placement Reported on the New York Insurance Exchange (in Currency)
- $500,000 Combined Single Limit P/O $10,000,000 Combined Single Limit X/S $80,000,000 Combined Single Limit X/S Underlying

### Item 5: Basis of Reinsurance
- Contributing Excess of Loss

### Item 6: Cancellation
- 30 DAYS NOTICE

### Item 7: Endorsements Attached at Issuance
- FORMS: EC-83 1089-83

### Premium This Certificate
- $4,250
- Fixed
- Ceding Commission: 22.5%

### Premium Due at Inception
- $4,250

### Future Installments
- Date:  
- Amount:  

### Basis of Adjustments
- FLAT

### Minimum Earned Premium For Certificate
- Date:  
- Form 12A