**Transamerica Excess Casualty**
**New York**
**Home Office: Woodland Hills, CA**

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**DECLARATIONS**

**COMPANY:** Transamerica Insurance Company  
**COVERAGE FORM:** Excess Umbrella  

**POLICY NUMBER:** XLX 915 15 23  
**PREVIOUS POLICY NUMBER:** XLX 915 06 26  

**NAMED INSURED, Mailing Address**  
**PRODUCER/Code Number**  
International Business Machines Corporation  
Old Orchard Road  
Armonk, NY 10504  
Johnson & Higgins  
625042  

**ITEM 1. POLICY PERIOD**  
Effective 05/21/1994 to 05/21/1995 at 12:01 A.M.  
Standard Time at your mailing address shown above  

**ITEM 2. LIMITS OF INSURANCE**  
$ 9,000,000 Each Occurrence $ 9,000,000 Aggregate, where applicable PART OF  
$ 50,000,000 Each Occurrence $ 50,000,000 Aggregate, where applicable, IN EXCESS  
OF UNDERLYING LIMITS OF $ 120,000,000 Each Occurrence $ 120,000,000 Aggregate,  
where applicable, in Excess Of Primary Insurance  

**ITEM 3. PREMIUM**  
Basis of Premium: FLAT CHARGE  
Premium $ 17,100  

**ITEM 4. ENDORSEMENTS ATTACHED TO THIS POLICY AT INCEPTION**  
EL19262, EL19125, EL19281, EL19067, EL19121A, EL19250, FOLLOW FORM  
INCIDENTAL MALPRACTICE.  

**ITEM 5. CONTROLLING UMBRELLA POLICY**  
Company: NATIONAL UNION INSURANCE COMPANY  
Policy Number: As per on file with company  
Limits of Insurance: $ 25,000,000 Each Occurrence  
$ 25,000,000 Aggregate, where applicable  

Schedule of Underlying Insurance attached  

COUNTERSIGNED by  
( Authorized Representative)  
EL 17460  
2/1/91