# DECLARATIONS
UMBRELLA LIABILITY

**POLICY NO.:** BE 308-31-33
**RENEWAL OF:** 1945064

## Member Companies of American International Group
- **AMERICAN HOME ASSURANCE COMPANY**
- **NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.**

70 Pine Street, New York, N.Y. 10270
(Executive Offices)

A Capital Stock Company
Herein called the Company

This Declaration Page, with policy provisions and endorsements, if any, issued to form a part thereof, completes the above numbered Umbrella Liability Policy.

## ITEM 1.
- **Name of Insured:** INTERNATIONAL BUS MCHS CORP
- **Address:** CORPORATE HEADQUARTERS ARMONK NY 10504-0000

## ITEM 2.
- **Policy Period:** From: MAY 21, 1991 To: MAY 21, 1992 (12:01 A.M. Standard Time at the address of the Insured stated above)

## ITEM 3.
- **Limit of Liability:**
  - (A) $25,000,000 Single Limit any one occurrence Personal Injury or Property Damage or Advertising Liability or any combination thereof
    - In excess of:
      - (1) the amount recoverable under the underlying insurance as set out in the attached Schedule A.
      - (2) $25,000 ultimate net loss in respect of each occurrence not covered by said underlying insurance.
  - (B) $25,000,000 in the aggregate for the policy period or each annual period in accordance with the "Limit of Liability-Retained Limit" Section of the policy.

## ITEM 4.
- **Premium Computation:**
  - **Rating Basis:** FLAT
  - **Estimated Exposure:** N/A
  - **Rate:** FLAT
  - **Estimated Premium:** $832,500
  - **Deposit Premium:** Minimum Premium $832,500
  - **Audit Period:** NOT SUBJECT TO AUDIT

## Producer Information:
- **Producer No.:** 07875
- **Producer:** JOHNSON & HIGGINS
- **Address:** 125 BROAD STREET NEW YORK NY 10004-0000

## Date of Issue: _________ Countersigned by ___________ (Licensed Resident Agent)
- **Date Issued:** 05/22/_____

**Policy Text Form No 23022 (5/77)**
U23020 (5/77)

**INSURED'S COPY**