BINDER #3350
9/19/84

| Standard Premium | $3,071,391 (5/21/84 - 85) |
|------------------|------------------------|
| Tax Multiplier   | 1.031                  |
| LCF              | 1.10 on the first $250,000 of incurred losses |
| Basic            | 12.8                   |
| Min. Premium     | B x TM                 |
| Max. Premium     | 1.25                   |
| Loss Limit       | $500,000               |
| "D" Premium      | $205,656 (5/21/84 - 85) |

*The retro penalty for cancellation by the insured prior to the end of the five year period will not apply if the insured opts to cancel after the third complete year.

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MM 009662