921828
921828
921828
TRNS RE CO BSN

AIG LEX BSN
6-23-86
TO: JOHN SULLIVAN
FROM: TOM CIARDELLO
RE: IBM

ORIGINALLY SENT TELEX TO YOU ON 6-17-86 AS FOLLOWS:

PLS BIND YR PART, AS FOLLOWS:

COVERAGE: EXCESS UMB. LIAB.
FORM: RETAINED AMOUNT, 2 POLICY AGGS, CLAIMS-MADE
EFF. DATE: 5-21-86-87
YR PARTICIPATION: 500,000
LEX RETENTION: 5,000,000
ASSIGNED POLICY NO: 5528820
RETRO' DATE: 5-21-86
DISC. OPTION: 1 YR AT 125 PCT.
LAYERS: 10MIL XS 80MIL
PREMIUM: 85,000
CEILING CONN: 22.5 PCT.
TERMS: X-ERISA, X-CCC, X-ASBESTOS, X-POLLUTION (ABSOLUTE),
X-E+O, X-PATENT INFRINGEMENT, X-PRODS, RECALL, X-OD/EL, X-AIRCRAFT,
PRODUCTS/GROUNDING, X-D+O, X-PUNITIVE, X-DISCRIMINATION
FOLLOW FORM: PERSONAL INJURY, CONTRACTUAL, FOREIGN, LIQUOR,
INCIDENTIAL MEDICAL MALPRACTICE
ATTACH: JOINT VENTURE ENDT., UNIMPARED AGG. ENDT. WILL FORWARD
WKNOll LETTER ASAP
PLEASE ADVISE YR CERT NO ASAP.
REGARDS
J#
TRNS RE CO BSN

AIG LEX BSN