# MUTUAL MARINE OFFICE, INC.
100 PARK AVENUE, NEW YORK, N.Y. 10017
212-953-0580

FOR (COMPANY): EMPLOYERS MUTUAL CASUALTY COMPANY

## EXCESS LIABILITIES UMBRELLA

### DECLARATIONS

1. NAMED ASSURED: INTERNATIONAL BUSINESS MACHINES CORP.
2. ADDRESS OF ASSURED: ARMONK, N.Y., 10504
3. POLICY NUMBER: MMO - 73133
4. POLICY TERM: MAY 21, 1982 MAY 21, 1983 BEGINNING AND ENDING AT 12:01 A.M., STANDARD TIME AT THE ADDRESS OF THE NAMED ASSURED AS STATED ABOVE.
5. PREMIUM: $7,200. (BEING $6,950. U.S.FUNDS AND $250. CANADIAN FUNDS)
6. OCCURRENCE LIMIT: $4,000,000. P/O $21,000,000. X/S $19,000,000.
7. ANNUAL AGGREGATE LIMIT: $4,000,000. P/O $21,000,000. X/S $19,000,000. (WHERE APPLICABLE)
8. UNDERLYING INSURANCE:

| LEAD COMPANY | LAYER | OCCURRENCE LIMIT | (WHERE APPLICABLE) ANNUAL AGGREGATE LIMIT |
|-------------|-------|------------------|----------------------------------------|
| CENTENNIAL INS. CO. | $2,000,000. X/S PRIMARIES | $2,000,000. | $2,000,000. |
| NATIONAL UNION | $8,000,000. X/S $2,000,000. | $8,000,000. | $8,000,000. |
| NORTHBROOK | $9,000,000. X/S $10,000,000. | $9,000,000. | $10,000,000. |

MUTUAL MARINE OFFICE, INC.