# DECLARATIONS COMMERCIAL EXCESS LIABILITY POLICY

**Chubb Group of Insurance Companies**
15 Mountain View Road, Warren, N.J. 07060

## Item 1: Named Insured & Address
- **International Business Machines Corp. Etal**
  - **As per First Underlying Insurance Corporate Headquarters**
    - **Armonk, NY 10504**

## Item 2: Policy Period
- **From:** 05/21/92
- **To:** 05/21/93
- **Retroactive Date:** 12:01 A.M. standard time at the address of the insured as stated.

## Item 3: Premium
- **Premium Basis Rate:** $100,000.00
- **Per:** Each Occurrence

## Item 4: Limits of Liability
- **Each Occurrence:** $20,000,000.
- **Aggregate:** $20,000,000.

## Item 5: Scheduled Underlying Insurance
a. **First Underlying Insurance**
   - **Company:** AMERICAN HOME
   - **Policy No.: TBA**
   - **From/To:** 05/21/92 to 05/21/93
   - **Claims Made:** NO
   - **Retroactive Date:** None
   - **Limits of Liability:** $25,000,000. Each Occurrence, $25,000,000. Aggregate

b. **Other Underlying Insurance**
   - **Company:** AETNA
   - **Policy No.: TBA**
   - **From/To:** 05/21/92 to 05/21/93
   - **Claims Made:** NO
   - **Retroactive Date:** None
   - **Limits of Liability:** $10,000,000. Each Occurrence, $10,000,000. Aggregate

## Signature Section
- **President:** [Signature]
- **Secretary:** [Signature]
- **Authorized Representative:** [Signature]

**Form:** 07-02-0575-U (Rev. 11-86)