# Zurich-American Insurance Group

## INFORMATION PAGES - DEDUCTIBLE AGREEMENT
**SELF-INSURER:** IBM CORPORATION

### 8. COLLATERAL - INITIAL LETTER OF CREDIT AMOUNT
$4,364,400 for this policy period, to be deposited with the Company on or before the inception date of this policy period, adjustable as per Section H. of the Agreement.

### 9. INITIAL PRINCIPAL SUM AMOUNT
See the Schedule of Principal Sum Amounts; adjustable as per Section F. of the Agreement.

### 10. PAID LOSS BILLINGS FOR THIS POLICY PERIOD
Quarterly for this policy period, beginning with paid losses and Allocated Claim Expense valued as of three (3) months from the inception date.

Paid Loss Billings to be computed as follows:

#### a. Comprehensive General Liability
1.) Incurred Losses within the Deductible Amounts minus Reserves for outstanding losses within the Deductible Amounts, plus
2.) Unlimited Allocated Claim Expense minus Reserves for outstanding Allocated Claim Expense, plus

#### b. Business Auto Liability
1.) Incurred Losses within the Deductible Amounts minus Reserves for outstanding losses within the Deductible Amounts, plus
2.) Unlimited Allocated Claim Expense minus Reserves for outstanding Allocated Claim Expense, minus
c. Any previous Paid Loss Billing payments received.
Payment is due within ten (10) days of receipt of the Paid Loss Billing.

### 11. MINIMUM LOSS FUND DEPOSIT
$180,000 for this policy period, payable on or before the inception date of this policy period, adjustable as per Section L. of this Agreement.

IBM 063069

Form DUIPDA Edition 4 (12/89)
26-Mar-91