# 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, NEW YORK 10504
3. POLICY NUMBER: MMO - 73586
4. POLICY TERM: MAY 21, 1984 to MAY 21, 1985
BEGINNING AND ENDING AT 12:01 A.M., STANDARD TIME AT THE ADDRESS OF THE NAMED ASSURED AS STATED ABOVE.
5. PREMIUM: $1,000. (BEING $960. U.S. FUNDS AND $40. CANADIAN FUNDS)
6. OCCURRENCE LIMIT: $1,000,000. PART OF $70,000,000. EXCESS $130,000,000.
7. ANNUAL AGGREGATE LIMIT: $1,000,000. PART OF $70,000,000. EXCESS $130,000,000. (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. |
| NERCO | $9,000,000. X/S $10,000,000. | $9,000,000. | $9,000,000. |
| VARIOUS | $21,000,000. X/S $19,000,000. | $21,000,000. | $21,000,000. |
| VARIOUS | $40,000,000. X/S $40,000,000. | $40,000,000. | $40,000,000. |
| VARIOUS | $50,000,000. X/S $80,000,000. | $50,000,000. | $50,000,000. |

COPY