# Memorandum of Casualty Reinsurance Agreement

**Date:** 6-26-86

**Received:** Casualty Underwriter, Jul 15 AM 1:37

**To:** Lexington Insurance Co.
100 Summer Street
Boston, Mass. 02110

**Underwriter:** Tom Ciardello

**From:** Kemper Reins, Route 22
Long Grove, IL 60049
ATTN: B Erickson

**Authorization for 90 Days:** ☐
**From:** 5-21-86
**Binding:** ☐ to 5-21-87

**Original Insured:** IBM
**Coverage Provided:** Excess Liability

**Original Limit(s) Provided:** 10,000 XS 80,000 XS Prim/SIR
**Companies Net and Treaty Retention:** Shared P/O 10,000 XS 80,000 XS P/SIR
**Your Participation:** Pro Rata ☐ 2mm P/O 1mm XS 80kmm XS P/SIR
**Excess:** ☐
**Deductions from Premiums Ceded:** 25%

**Premium Gross:** $85,000
**Your:** $17,000

**Remarks:** per telex of 6-23-86
**92536-0-00-86**

## Cancellation Provisions
It is hereby understood and agreed that any other terms or provisions of Assuming Company regarding cancellation of its above-described reinsurance (to the contrary notwithstanding), said reinsurance may not be cancelled by Assuming Company unless it gives Ceding Company written notice for a period at least equal to the cancellation notice requirement of Ceding Company in its policy or contract or as required of Ceding Company by any applicable statute or regulation, plus thirty (30) days, stating when thereafter such reinsurance cancellation is to be effective. Provided, however, in the event of cancellation by Assuming Company for non-payment of premium, the aforesaid additional thirty (30) day period shall be ten (10) days.

**Signed and Accepted by:** [Signature]
**Date:** 7-9-86

**On Behalf of (Name of Assuming Company):** [Name]
**VCR:**