# CERTIFICATE OF FACULTATIVE REINSURANCE

**THE REINSURANCE CORPORATION OF NEW YORK**

*(A STOCK INSURANCE COMPANY, HEREIN CALLED "RECO")*

**99 JOHN STREET, NEW YORK, N.Y. 10038**

**Producer/Intermediary**
National Facultative Serviees
5 Marineview Plaza
Hoboken, New Jersey 07030

**Certificate No.**
C 02006

**Renewing/Replacing**
C01265

**Date of Acceptance**
May 21, 1980

In consideration of the payment of the Reinsurance Premium and subject to all the conditions made a part of this Certificate, RECO does hereby reinsure:

1. **Name of Company:**
   National Union Fire Insurance Company

2. **With respect to their policy(ies):**
   991-0310
   For the Period:
   From May 21, 1980
   To May 21, 1981

3. **Name and Address of Insured:**
   International Business Machines Corporation, etal (and as per original)
   Armonk, New York

4. **Location of Risk(s) if different from above:**
   Various

5. **Period of this Certificate:**
   From May 21, 1980
   To May 21, 1981

6. **Perils Covered or Type of Insurance:**
   Excess Umbrella Liability.

7. **Company Policy Limits:**
   $8,000,000 Combined Single Limit each occurrence/aggregate where applicable excess $2,000,000 Combined Single Limit each occurrence/aggregate where applicable excess Underlying.

8. **Company Retention:**
   $2,000,000 Combined Single Limit each occurrence/aggregate where applicable

9. **Amount of Reinsurance:**
   ☐ Pro Rata or ☑ Excess of Loss
   as Follows:
   $500,000 Combined Single Limit each occurrence/aggregate where applicable part of $8,000,000 Combined Single Limit each occurrence/aggregate where applicable excess $2,000,000 each occurrence/aggregate where applicable excess Underlying.

10. **Reinsurance Premium. Basis of Premium:**
    Flat
    Premium Due or First Installment:
    $7,968.75
    Future Installments:

11. **Special Conditions:**
    As per original.

12. **Termination: (See Condition 14) Number of Days**
    Sixty Days

**IN WITNESS WHEREOF**, The Reinsurance Corporation has caused this certificate to be signed by its President at New York, New York, and countersigned by an authorized representative of The Reinsurance Corporation.

**President**
**Countersigned By** [Signature] , Authorized Representative
this 28 day of October 19 80