Text

2003 Nuclear Liability Advance Premiums Florida Power & Light Company
	ML030290192
Person / Time
Site:	Saint Lucie, Seabrook, Turkey Point
Issue date:	01/07/2003
From:	Maciulis I; Marsh USA
To:	Dinitz I; Division of Regulatory Improvement Programs
References
	Download: ML030290192 (27)
	v • d • e

MARSH Ian R. Maclullis Nuclear Consultant Marsh USA Inc 500 West Monroe Chicago, IL 60661 312627 6409 Fax 312 627 6550 Ian maciulis@marsh corn www.marsh corn January 7, 2003 Mr. Ira Dinitz Insurance & Indemnity Policy Analyst U.S. Nuclear Regulatory Commission Mail Stop 12E4 Washington, D.C 20555

Subject:

2003 Nuclear Liability Advance Premiums Florida Power & Light Company

Dear Ira,

On behalf of the Florida Power & Light Company, insurance documents for your records-I am enclosing the following nuclear liability Facility and coverage St. Lucie Facility Form Facility Worker Form Secondary Financial Protection Policy No.

NF-227 NW-604 N-59 N-89 Endorsement No.

133, 134, 135, 136 6

33, 34 35,36 Turkey Point Facility Form Facility Worker Form Secondary Financial Protection Seabrook Facility Form Facility Worker Form Secondary Financial Protection NF-185 NW-570 N-25 N-26 NF-296 NW-647 N-109 177,178,179,180 8

35, 36 35, 36 93,94,95,96 11 32,33 1;

Mad sh & McLennan Companies

\\

MARSH Page 2 January 07, 2003 Please feel free to call if you have any questions.

Sincerely, Ian R. Maciulis Nuclear Consultant Enc.

c Ms Ani M. Borgmeyer - Florida Power & Light Company

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF CONDITION 4 It is agreed that with respect to bodily injury, property damage, environmental damage or evacuation of the public caused after the effective date of this endorsement by the nuclear energy hazard, the figure "$200,000,000" stated in Condition 4 of this policy is amended to read "$300,000,000".

Effective Date of this Endorsement:

January 1, 2003 (12:01 A M. Standard Time)

To form a part of Policy No. NF -0227 Florida Power & Light Company Date of Issue:

December 20, 2002 For the subscribing companies By President Endorsement No.:

133 Countersigned by CERTIFIED COPY This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Nuclear Energy Liability Policy (Facility Form) as designated hereon.

No insurance is afforded hereunder.

John L. Quattrocchi Senior Vice President, Underwriting American Nuclear Insurers Issued to:

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Endorsement No.129, entitled "LIMITATION OF COVERAGE FOR TERRORIST ACTS (ONE SHARED INDUSTRY AGGREGATE LIMIT), is deleted and replaced with the following:

LIMITATION OF COVERAGE FOR TERRORIST ACTS (ONE SHARED INDUSTRY AGGREGATE LIMIT)

It is agreed that with respect to bodily injury, property damage, environmental damage or evacuation of the public caused by the nuclear energy hazard and arising out of a terrorist act:

1. the total aggregate liability of the companies shall be $300,000,000 regardless of (i) the number of terrorist acts affecting this or any other nuclear energy liability policy (Facility Form or Supplier's and Transporter's Form) or (ii) the number of nuclear energy liability policies (Facility Form or Supplier's and Transporter's Form) issued by the Nuclear Energy Liability Insurance Association under which coverage may be sought.

2. the limit of liability shown in Item 4 of the policy Declarations or as amended by endorsement to this policy is subject to the industry aggregate limitation described in paragraph 1 above.

3. the companies may, at their option, reinstate the one shared industry aggregate limit of

$300,000,000, provided that any such reinstatement approved by the companies shall not exceed the balance in the Industry Credit Rating Plan reserve fund.

4. the term "terrorist act" as used herein means a violent or otherwise hostile act or an act dangerous to human life, tangible or intangible property or infrastructure by any person or group, whether acting alone or on behalf of any organization or government, which causes damage to property or injury to persons, or represents a threat thereof and appears to be intended to (i) intimidate or coerce a civilian population; or (ii) disrupt any segment of an economy; or (iii) influence the policy of a government by intimidation or coercion; or (iv) affect the conduct of a government by mass destruction, assassination, kidnapping or hostage-taking.

This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Nuclear Energy Liability Policy (Facility Form) as designated hereon. No insurance is afforded hereunder.

John L. Quattrocchi, Senior Vice President, Underwriting American Nuclear Insurers Effective Date of this Endorsement*

January 1, 2003 (12.01 A M. Standard Time)

To form a part of Policy No. NF -0227 Florida Power & Light Company Date of Issue:

December 20, 2002 For the sub cribing compa ps By

=

0 trcv-sJde

(-/

President Endorsement No.:

134 Countersigned by CERTIFIED COPY Issued to:

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION INCREASE OF LIMIT OF LIABILITY ENDORSEMENT (After Prior Increase)

It is agreed that:

1. The limit of the companies' liability stated in Item 4 of the declarations as amended by the Increase of Limit of Liability Endorsement(s) listed below is further amended to read $ 300,000,000 ; but in the event that any payments have heretofore been made by the companies for loss or expense covered by the policy, each of those limits of liability including the limit of liability as amended by this endorsement is reduced in accordance with Condition 3 of the policy by the total amount of those payments, except to the extent that any such reduced limit of liability may have been previously restored in accordance with a Restoration of Limit of Liability Endorsement.

2.

The increase in the limit of liability provided by this endorsement applies only with respect to obligations assumed or expenses incurred because of bodily injury, property damage, environmental damage or evacuation of the public caused, during the period from the effective date of this endorsement to the date of termination of the policy, by the nuclear energy hazard.

3. The original limit of liability stated in Item 4 of the declarations, the limit(s) of liability stated in the Increase of Limit of Liability Endorsement(s) listed below and the amended limit of liability stated in paragraph 1 above shall not be cumulative, and each payment made by the companies after the effective date of this endorsement for any loss or expense covered by the policy shall reduce by the amount of such payment each of those limits of liability, regardless of which limit of liability applies with respect to the bodily injury, property damage, environmental damage or evacuation of the public out of which such loss or expense arises.

Previous Increase of Limit of Liability Endorsement(s)

Endorsement No.(s): 14, 24, 31, 73, 110 and 115 This is to cerfy that this is a true copy of the original Endorsement having the endorsement number and being made part of the Nuclear Energy Liability Policy (Facility Form) as designated hereon. No insurance is afforded hereunder.

John L. Quattrocchi, Senior Vice President, Underwriting, Amencan Nuclear Insurers Effective Date of this Endorsement:

January 1, 2003 To form a part of Policy No.

NF -0227 (12:01 A.M. Standard Time)

Issued to:

Florida Power & Light Company Date of Issue:

December 20, 2002 For the subscribing companies By

-2L--ý1

ý"

President Endorsement No.:

135 Countersigned by CERTIFIED COPY

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 2003

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $935,916.00

2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premuim and the Reserve Premium is: $688,393.00 This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Nuclear Energy Liability Policy (Facility Form) as designated

n. No insurance is afforded hereunder.

John L. Quattrocchi, Senior Vice President - Underwriting American Nuclear Insurers Effective Date of this Endorsement:

January 1, 2003 (12:01 A.M. Standard Time)

To form a part of Policy No. NF -0227 Issued To: Florida Power & Light Company Date of Issue:

December 19, 2002 For the subscribing co pInies By President Endorsement No:

136 Countersigned by CERTIFIED COPY NE-36

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 2003

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is:

$79,000.00

2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premuim and the Reserve Premium is: $59,250.00 This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Certificate of Insurance bearing the number designated heron for insurance coverage under the Nuclear Energy Liability Policy (Facility Workers Form). No insurance is f rded hereunder.

John L. Quattrocchi, Senior Vice President - Underwriting Amencan Nuclear Insurers Effective Date of this Endorsement:

January 1, 2003 (12:01 A.M. Standard Time)

To form a part of Certificate No. NW -0604 Issued To: Florida Power & Light Company, Florida Municipal Power Agency, and Orlando Utilities Commission of the City of Orlando Date of Issue:

November 21, 2002 For the subscribing co ?Ipnies; Bly President Endorsement No:

6 Countersigned by CERTIFIED COPY

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. N -0089 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that effective January 1, 2003, Item 4. (a) of the certificate is amended to read as follows:

Item 4. (a)

Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

(1)

Facility Form Policy:

Nuclear Energy Liability Insurance Association's Policy NF-0227

$300,000,000 (2)

Master Worker Policy (Facility Worker Form):

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-2

$300,000,000 This is to certify that this is a true copy of the original endorsement having the endorsement number and being made part of the Certificate of Insurance bearing the number designated hereon for insurance coverage under the Nuclear Energy Uability Policy (Secondary Financial Protection). No insurance is afforded hereunder.

John L. Quattrocchi, Senior Vice President, Underwriting American Nuclear Insurers Effective Date of this Endorsement:

January 1, 2003 (12:01 A.M. Standard Time)

To form a part of Certificate No. N -0089 Florida Power & Light Company Date of Issue:

December 20, 2002 For the subscribing companies By President Endorsement No.:

NE-S-23 (1/1/03) 33 Countersigned by CERTIFIED COPY Issued to:

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT CALENDAR YEAR 2003

1. ANNUAL PREMIUM: It is the period designated above is:

agreed that the Annual Premium due the companies for

$9,000.00 THIS IS TO CERTIFY THAT THIS IS A TRUE COPY OF THE ORIGINAL CERTIFICATE, BEARING THE NUMBER DESIGNATED HEREON, FOR INSURANCE COVERAGE UNDER THE MASTER POLICY-NUCLEAR ENERGY LIABILITY INSURANCE (SECONDARY FINANCIAL OTECTION) NO INSURANCE IS AFFORDED BY THIS COPY.

JOHN L. QUATTROCCHI SENIOR VICE PRESIDENT - UNDERWRITING AMERICAN NUCLEAR INSURERS Effective Date of this Endorsement:

January 1, 2003 (12:01 A.M. Standard Time)

To form a part of Certificate No. N -0089 Issued To:

Florida Power & Light Company Date of Issue:

November 19, 2002 For the subscribing companies By I

.K President Endorsement No:

34 Countersigned by CERTIFIED COPY

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. N -0059 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that effective January 1, 2003, Item 4. (a) of the certificate is amended to read as follows:

Item 4. (a)

Identification of primary financial protection applicable to the nuclear reactor and limit(s) of liability thereof:

(1)

Facility Form Policy:

Nuclear Energy Liability Insurance Association's Policy NF-0227

$300,000,000 (2)

Master Worker Policy (Facility Worker Form):

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-2

$300,000,000 Effective Date of this Endorsement:

January 1, 2003 (12.01 A M. Standard Time)

To form a part of Certificate No. N -0059 Florida Power & Light Company Date of Issue:

December 20, 2002 For the subscribing companies By

-- ý7 0 President Endorsement No.:

NE-S-23 (1/1/03) 35 Countersigned by CERTIFIED COPY This is to certify that this is a true copy of the original endorsement having the endorsement number and being made part of the Certificate of Insurance bearing the number designated hereon for insurance coverage under the Nuclear Energy Liability Policy (Secondary Financial Protection). No insurance is afforded hereunder.

John L. Quattrocchi, Senior Vice President, Underwriting American Nuclear Insurers Issued to:

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ANNUAL PREMIUM ENDORSEMENT CALENDAR YEAR 2003

1. ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is:

$9,000.00 THIS IS TO CERTIFY THAT THIS IS A TRUE COPY OF THE ORIGINAL CERTIFICATE, BEARING THE NUMBER DESIGNATED HEREON, FOR INSURANCE COVERAGE UNDER THE MASTER POLICY-NUCLEAR ENERGY LIABILITY INSURANCE (SECONDARY FINANCIAL TECTI NO INSURANCE IS AFFORDED BY THIS COPY.

JOHN L. QUATTROCCHI SENIOR VICE PRESIDENT - UNDERWRITING AMERICAN NUCLEAR INSURERS Effective Date of this Endorsement:

January 1, 2003 (12:01 A.M. Standard Time)

To form a part of Certificate No. N -0059 Issued To:

Florida Power & Light Company Date of Issue-November 19, 2002 For the subscribing companies By Presidnt C7 -0' President Endorsement No:

36 Countersigned by CERTIFIED COPY

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF CONDITION 4 It is agreed that with respect to bodily injury, property damage, environmental damage or evacuation of the public caused after the effective date of this endorsement by the nuclear energy hazard, the figure "$200,000,000" stated in Condition 4 of this policy is amended to read "$300,000,000".

Effective Date of this Endorsement:

January 1, 2003 (12.01 A.M. Standard Time)

To form a part of Policy No. NF -0185 Florida Power & Light Company Date of Issue:

December 20, 2002 For the subscribing companies 0,'

President Endorsement No.:

177 Countersigned by CERTIFIED COPY This is to certify that this is a true copy of the original Endorsement having the endorsement number and being made part of the Nuclear Energy Liability Policy (Facility Form) as designated hereon.

No insurance is afforded hereunder.

John L. Quattrocchi Senior Vice President, Underwriting American Nuclear Insurers Issued to:

By

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION Endorsement No.173, entitled "LIMITATION OF COVERAGE FOR TERRORIST ACTS (ONE SHARED INDUSTRY AGGREGATE LIMIT), is deleted and replaced with the following: