# EXCESS LIABILITY POLICY

**HEC - 9 82 61 92**

**CITY INSURANCE COMPANY**

Short Hills, New Jersey

**ITEM 1 Insured's Name and Mailing Address**

International Business Machines Corp., Etal (See Endt. No. 1)
Armonk, New York 10504

**Producer**

**1 Year**

**Producer No**  
**State Lic**

**5-21-80**  
**5-21-81**

**ANNOUNCEMENT**

The attached policy has been issued in City Insurance Company, a wholly owned subsidiary of The Home Insurance Company.

City Insurance Company is a participant in the inter-company reinsurance pool existing among the members of The Home Insurance Group and, as a consequence, any piece of business written by City is afforded identical reinsurance protection with that business written by any other member company.

**$10,000,000.00 P/O $40,000,000.00 Bodily Injury, Property Damage or Both Combined Each Occurrence and in the Aggregate where applicable, following the terms, conditions, exclusions and limitations of Centennial Ins. Co. Policy No. 462018623 excess of the limits set forth in Item 2. above.**

**ITEM 4 PREMIUM**  
**$15,480.00**

**In Witness Whereof, the said CITY INSURANCE COMPANY, Short Hills, New Jersey, has caused these Presents to be signed by its President and attested by its Secretary at its Executive Office located in the City of New York, and this policy is made and accepted upon the above express conditions, but shall not be valid unless countersigned by a duly Authorized Representative of the Company at place of issue.**

**R. H. Julius Jr. President**
**6-2-80 em**

**COUNTERSIGNED BY (AUTHORIZED REPRESENTATIVE)**  
**6-2-80**

**H31136F**