exv10w15





Exhibit 10.15


Group Personal Excess Liability Policy








Coverage Summary



	 	 	 

	 

	 	Chubb Group of Insurance Companies
	 

	 	15 Mountain View Road
	 

	 	Warren, NJ 07060
	 
	 	 
	Name and address of Insured

	 	Policy Number: (11) 7993-14-03 PLS
	 
	 	 
	VICE PRESIDENTS, NON OFFICERS & RETIREES
	 	 
	OF NORTHROP GRUMMAN CORPORATION
	 	 
	1840 CENTURY PARK EAST, 152/CC
	 	 
	LOS ANGELES, CALIFORNIA

	 	Issued by the stock insurance company
	90067

	 	indicated below, herein called the company.
	 
	 	 
	 

	 	FEDERAL INSURANCE COMPANY
	 
	 	 
	Producer No.: 0006185

	 	Incorporated under the laws of INDIANA
	 
	 	 
	Sponsoring Organization and Address
	 	 
	 
	 	 
	NORTHROP GRUMMAN CORPORATION 
	 	 
	1840 CENTURY PARK EAST, 152/CC
	 	 
	LOS ANGELES, CA90067
	 	 






Policy Period





From: NOVEMBER 01, 2010 To: NOVEMBER 01, 2011

12:01 A.M. Standard Time at the Named Insured’s mailing address.



Premium





Amount 

$148,500.00



Limit Of Liability




	 	 	 

	SEE ENDT

	 	Each Occurrence
	$2,000,000

	 	Excess Uninsured / Underinsured
	 

	 	Motorists Protection Each Occurrence






Required Primary Underlying Insurance



Personal Liability (Homeowners) for personal injury and property damage in the minimum
amount of $100,000 each occurrence.



Registered vehicles in the minimum amount of $250,000 / $500,000 bodily injury and $100,000
property damage; or $300,000 single limit each occurrence.




			
	 	 	 
	Group Personal Excess Liability Policy
	 	continued
	Form 10-02-0690 (Rev. 8-07) Declarations
	 	Page 1
















 






Required Primary Underlying Insurance

(continued)



Unregistered vehicles in the minimum amount of $100,000 bodily injury and property damage
each occurrence.



Registered vehicles with less than four wheels and motorhomes in the minimum amount $250,000 /
$500,000 bodily injury and $100,000 property damage; or $300,000 single limit each occurrence.



Watercraft less than 26 feet and 50 engine rated horsepower or less for bodily and property
damage in the minimum amount of $100,000 each occurrence.



Watercraft 26 feet or longer or more than 50 engine rated horsepower for bodily injury and
property damage in the minimum amount of $500,000 each occurrence.



Uninsured motorists/underinsured motorists protection in the minimum amount of $250,000 /
$500,000 bodily injury and $100,000 property damage; or $300,000 single limit occurrence.



FAILURE TO COMPLY WITH THE REQUIRED PRIMARY UNDERLYING INSURANCE WILL RESULT IN A GAP IN
COVERAGE.




Authorization



In Witness Whereof, the company issuing this policy has caused this policy to be signed by
its authorized officers, but this policy shall not be valid unless also signed by a duly
authorized representative of the company.




FEDERAL INSURANCE COMPANY




	 	 	 

	

	 	
	President

	 	Secretary
	 
	Date

	 	
	OCTOBER 27, 2010

	 	Authorized Representative






Producer’s Name & Address



AON PRIVATE RISK MANAGEMENT OF CA. INS. AGENCY INC

707 WILSHIRE BL. 27TH FL 

LOS ANGELES, CA 90017-0000




			
	 	 	 
	Group Personal Excess Liability Policy
	 	last page
	Form 10-02-0690 (Rev. 8-07) Declarations
	 	Page 2
















 






	 	 	 

	

	 	Schedule of Forms






	 	 	 

	Policy Number:

	 	(11) 7993-14-03 PLS
	Insured:

	 	VICE PRESIDENTS, NON OFFICERS
& RETIREES OF NORTHROP GRUMMAN CORPORATION
	Policy Period From:

	 	NOVEMBER 01, 2010 to NOVEMBER 01, 2011






The following is a schedule of forms issued with the policy at inception:




	 	 	 
	Form Name	 	Form Number
	IMPORTANT NOTICE — OFAC

	 	99-10-0796 (09/04)
	AOD POLICYHOLDER NOTICE

	 	99-10-0872 (06/07)
	COVERAGE SUMMARY/DECLARATIONS

	 	10-02-0690 (08/07)
	GROUP PERSONAL EXCESS — CONTRACT/POLICY TERMS

	 	10-02-0691 (08/07)
	CALIFORNIA-CANCELLATION & COV TERMINATION

	 	10-02-1849 (08/07)
	ANNUAL PREMIUM ADJUSTMENT CLAUSE

	 	10-02-0692 (08/96)
	NAMED INSURED ENDORSEMENT

	 	10-02-0692 (08/96)






			
	 	 	 
	Page 1

Form 10-02-0414 (Ed. 9/93)
	 	Last page



















 










GROUP PERSONAL

EXCESS LIABILITY




POLICY




			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 1 of 15






 









 






			
	
	 	
GROUP PERSONAL EXCESS LIABILITY POLICY






INTRODUCTION



This is your Chubb Group Personal Excess Liability Policy. Together with your
Coverage Summary, it explains your coverages and other conditions of your insurance in
detail.



This policy is a contract between you and us. READ YOUR POLICY CAREFULLY and keep it
in a safe place.




Agreement



We agree to provide the insurance described in this policy in return for the
premium paid by you or the Sponsoring Organization and your compliance with the
policy conditions.




Definitions



In this policy, we use words in their plain English meaning. Words with
special meanings are defined in the part of the policy where they are used. The few
defined terms used throughout the policy are defined here:



You means the individual who is a member of the Defined Group shown as the Insured
named in the Coverage Summary.



We and us mean the insurance company named in the Coverage Summary.



Family member means your spouse or domestic partner or other relative who lives with
you, or any other person under 25 in your care or your relative’s care who lives with
you.



Domestic partner means a person in a legal or personal relationship with you, who lives
with you and shares a common domestic life with you, and meeting all of the benefits
eligibility criteria as defined by the Sponsoring Organization.



Sponsoring Organization means the entity, corporation, partnership or sole
proprietorship sponsoring and defining the criteria for qualification as an Insured.



Policy means your entire Group Personal Excess Liability Policy, including the Coverage Summary.



Coverage Summary means the most recent Coverage Summary we issued to you, including any
endorsements.



Occurrence means an accident or offense to which this insurance applies and which
begins within the policy period. Continuous or repeated exposure to substantially
the same general conditions unless excluded is considered to be one occurrence.



Business means any employment, trade, occupation, profession, or farm operation including the
raising or care of animals.



Defined Group means those individuals meeting the criteria for qualification as an
Insured as defined by the Sponsoring Organization and accepted by us.



Follow form means we cover damages to the extent they are both covered under the
Required Primary Underlying Insurance and, not excluded under this policy. Also, the
amount of coverage, defense coverages, cancellation and “other insurance” provisions of
this policy supersede and replace the similar provisions contained in such other
policies. When this policy is called upon to pay losses in excess of required primary
underlying policies exhausted by payment of claims, we do not provide broader coverage
than provided by such policies. When no primary underlying coverage exists, the extent
of coverage provided on a follow form basis will be determined as if the required
primary underlying insurance had been purchased from us.




Covered person means:





	•	 	you or a family member;
	 
	•	 	any person using a vehicle or watercraft covered under this policy with
permission from you or a family member with respect to their legal
responsibility arising out of its use;
	 
	•	 	any other person who is a covered person under your Required Primary Underlying Insurance;
	 
	•	 	any person or organization with respect to their legal responsibility for
covered acts or omissions of you or a family member; or
	 
	•	 	any combination of the above.




Damages mean the sum that is paid or is payable to satisfy a claim settled by us or
resolved by judicial procedure or by a compromise we agree to in writing.



Personal injury means the following injuries, and resulting death:





	•	 	bodily injury;
	 
	•	 	shock, mental anguish, or mental injury;





			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 2 of 15






 









 






Definitions

(continued)





	•	 	false arrest, false imprisonment, or wrongful detention;
	 
	•	 	wrongful entry or eviction;
	 
	•	 	malicious prosecution or humiliation; and
	 
	•	 	libel, slander, defamation of character, or invasion of privacy.




Bodily injury means physical bodily harm, including sickness or disease that results
from it, and required care, loss of services and resulting death.



Property damage means physical injury to or destruction of tangible property and the
resulting loss of its use. Tangible property includes the cost of recreating or
replacing stocks, bonds, deeds, mortgages, bank deposits, and similar instruments, but
does not
include the value represented by such instruments. Tangible property does not include
the cost of recreating or replacing any software, data or other information that is in
electronic form.



Registered vehicle means any motorized land vehicle not described in “unregistered vehicle.”




Unregistered vehicle means:





	•	 	any motorized land vehicle not designed for or required to be registered for use on public roads;
	 
	•	 	any motorized land vehicle which is in dead storage at your residence;
	 
	•	 	any motorized land vehicle used solely on and to service your residence premises;
	 
	•	 	any motorized land vehicle used to assist the disabled that is not designed for or
required to be registered for use on public roads; or
	 
	•	 	golf carts.





GROUP PERSONAL EXCESS LIABILITY COVERAGE



This part of your Group Personal Excess Liability Policy provides you or a family
member with liability coverage in excess of your underlying insurance anywhere in the
world unless stated otherwise or an exclusion applies.




Payment for a Loss




Amount of coverage



The amount of coverage for liability is shown in the Coverage Summary. We will pay
on your behalf up to that amount for covered damages from any one occurrence, regardless
of how many claims, homes, vehicles, watercraft, or people are involved in the
occurrence.



Any costs we pay for legal expenses (see Defense coverages) are in addition to the
amount of coverage.




Underlying Insurance



We will pay only for covered damages in excess of all underlying
insurance covering those damages, even if the underlying coverage is for more than the
minimum amount.



“Underlying insurance” includes all liability coverage that applies to the covered
damages, except for other insurance purchased in excess of this policy.




Required primary underlying insurance



Regardless of whatever other primary underlying insurance may be available in the
event of a claim or loss, it is a condition of your policy that you and your family
members must maintain in full effect primary underlying liability insurance of the types
and in at least the amounts set forth below unless a different amount is shown in your
Coverage Summary, covering your personal liability and to the extent you or a family
member have such liability exposures, all vehicles and watercraft you or your family
members own, or rent for longer than 60 days, or have furnished for longer than 60 days,
as follows:



Personal liability (homeowners) for personal injury and property damage in the minimum
amount of $300,000 each occurrence.




			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 3 of 15







 











 





			
	
	 	GROUP PERSONAL EXCESS LIABILITY POLICY






Payment for a Loss

(continued)



Registered vehicles in the minimum amount of:





	•	 	$250,000/$500,000 bodily injury and $100,000 property damage;
	 
	•	 	$300,000/$300,000 bodily injury and $100,000 property damage; or
	 
	•	 	$300,000 single limit each occurrence.




Unregistered vehicles in the minimum amount of $300,000 bodily injury and property
damage each occurrence.




Registered vehicles with less than four wheels and motorhomes
in the minimum amount of:





	•	 	$250,000/$500,000 bodily injury and $100,000 property damage;
	 
	•	 	$300,000/$300,000 bodily injury and $100,000 property damage; or
	 
	•	 	$300,000 single limit each occurrence.




Watercraft less than 26 feet and 50 engine rated horsepower or less for
bodily injury and property damage in the minimum amount of $300,000 each occurrence.



Watercraft 26 feet or longer or more than 50 engine rated horsepower for bodily injury
and property damage in the minimum amount of $500,000 each occurrence.



Uninsured motorists/underinsured motorist protection in the minimum amounts of:





	•	 	$250,000/$500,000 bodily injury and $100,000 property damage;
	 
	•	 	$300,000/$300,000 bodily injury and $100,000 property damage; or
	 
	•	 	$300,000 single limit each occurrence.




With respect to you and your family members residing outside of the United States, the
required primary underlying insurance limits of liability shall be the same limits of
liability as shown above, unless you and your family members reside in a country where
the minimum required primary underlying insurance limits of liability are not
available. In these countries, you and your family members must maintain in full effect
primary underlying liability insurance limits equal to the maximum limits of liability
available in that country for all coverages up to the minimum required primary
underlying limits shown in the Coverage Summary under Required Primary Underlying
Insurance.



Failure by you or your family members to comply with this condition, or failure of any
of your primary underlying insurers due to insolvency or bankruptcy, shall not
invalidate this policy. In the event of any such failure, we shall only be liable in
excess of the foregoing minimum amounts and to no greater extent with respect to
coverages, amounts and defense costs than we would have been had this failure not
occurred.



You must also give notice of losses and otherwise cooperate and comply with the terms
and conditions of such primary underlying insurance.




Excess Liability Coverage



We cover damages a covered person is legally obligated to pay for personal injury
or property damage, caused by an occurrence:





	•	 	in excess of damages covered by the underlying insurance; or
	 
	•	 	from the first dollar of damage where no underlying insurance is required under
this policy and no underlying insurance exists; or
	 
	•	 	from the first dollar of damage where underlying insurance is required under
this policy but no coverage is provided by the underlying insurance for a
particular occurrence






	 	 	unless stated otherwise or an exclusion applies.
	 
	 	 	Exclusions to this coverage are described in Exclusions.
	 
	 	 	Excess uninsured motorists/underinsured motorist protection
	 
	 	 	This coverage is in effect only if excess uninsured motorists/underinsured
motorists protection is shown in the Coverage Summary.





			
	Form 10-02-0691 (Rev. 8-07)
	 	Page 4 of 15






 









 






Excess Liability Coverage

(continued)



We cover damages for bodily injury and property damage a covered person is legally entitled
to receive from the owner or operator of an uninsured motorized/underinsured motorized land
vehicle. We cover these damages in excess of the underlying insurance or the Required Primary
Underlying Insurance, whichever is greater, if they are caused by an occurrence during the policy
period, unless otherwise stated.



Amount of coverage. The maximum amount of excess uninsured motorists/underinsured
motorists protection available for any one occurrence is the excess uninsured
motorists/underinsured motorists protection amount shown in the Coverage Summary regardless of
the number of vehicles covered by the Required Primary Underlying Insurance. We will not pay more
than this amount in any one occurrence for covered damages regardless of how many claims,
vehicles or people are involved in the occurrence.



This coverage will follow form.




Uninsured motorists/underinsured motorists protection arbitration



If we and a covered person disagree whether that person is legally entitled to recover
damages from the owner or operator of an uninsured motor vehicle/underinsured motor vehicle, or
do not agree as to the amount of damages, either party may make a written demand for arbitration.
In this event, each party will select an arbitrator. The two arbitrators will select a third. If
they cannot agree on a third arbitrator within 45 days, either may request that the arbitration
be submitted to the American Arbitration Association. When the covered person’s recovery exceeds
the minimum limit specified in the applicable jurisdiction’s financial responsibility law, each
party will pay the expenses it incurs, and bear the expenses of the third arbitrator equally.
Otherwise, we will bear all the expenses of the arbitration.



Unless both parties agree otherwise, arbitration will take place in the county and state in which
the covered person lives. Local rules of law as to procedure and evidence will apply. A decision
agreed to by two arbitrators will be binding unless the recovery amount for bodily injury exceeds
the minimum limit specified by the applicable jurisdiction’s financial responsibility law. If the
amount exceeds that limit, either party may demand the right to a trial. This demand must be made
within 60 days of the arbitrator’s decision. If this demand is not made, the amount of damages
agreed to by the arbitrators will be binding.




Defense coverages



We will defend a covered person against any suit seeking covered damages for personal
injury or property damage that is either:





	•	 	not covered by any underlying insurance; or
	 
	•	 	covered by an underlying policy. This will apply to each Defense Coverage as it has been exhausted by payment of claims.




We provide this defense at our expense, with counsel of our choice, even if the suit is
groundless, false, or fraudulent. We may investigate, negotiate, and settle any such claim or
suit at our discretion.



As part of our investigation, defense, negotiation, or settlement, we will pay:





	•	 	all premiums on appeal bonds required in any suit we defend;
	 
	•	 	all premiums on bonds to release attachments for any amount up to the amount of coverage
(but we are not obligated to apply for or furnish any bond);
	 
	•	 	all expenses incurred by us;
	 
	•	 	all costs taxed against a covered person;
	 
	•	 	all interest accruing after a judgment is entered in a suit we defend on only that part
of the judgment we are responsible for paying. We will not pay interest accruing after
we have paid the judgment up to the amount of coverage;
	 
	•	 	all prejudgment interest awarded against a covered person on that part of the judgment we
pay or offer to pay. We will not pay any prejudgment interest based on that period of time
after we make an offer to pay the amount of coverage;
	 
	•	 	all earnings lost by each covered person at our request, up to $25,000;
	 
	•	 	other reasonable expenses incurred by a covered person at our request; and
	 
	•	 	the cost of bail bonds required of a covered person because of a covered loss.




In jurisdictions where we may be prevented by local law from carrying out these Defense
Coverages, we will pay only those defense expenses that we agree in writing to pay and that are
incurred by you.




			
	Form 10-02-0691 (Rev. 8-07)
	 	Page 5 of 15






 









 






			
	
	 	GROUP PERSONAL EXCESS LIABILITY POLICY






Extra
Coverages



In addition to covering damages and defense costs, we also provide other related
coverages. These coverages are in addition to the amount of coverage for damages and
defense costs unless stated otherwise.




Shadow defense coverage



If we are defending you or a family member in a suit seeking covered damages, we
will pay reasonable expenses you or a family member incur up to $10,000 or the amount
shown in the Coverage Summary for a law firm of your choice to review and monitor the
defense. However any recommendation by your personal attorney is not binding on us. We
will pay these costs provided that you obtain prior approval from us before incurring any
fees or expenses.




Identity fraud



We will pay for your or a family member’s identity fraud expenses, up to a
maximum of $25,000, for each identity fraud occurrence.



“Identity fraud” means the act of knowingly transferring or using, without lawful
authority, your or a family member’s means of identity which constitutes a violation
of federal law or a crime under any applicable state or local law.



“Identity fraud occurrence” means any act or series of acts of identity fraud by a
person or group commencing in the policy period.



“Identity fraud expenses” means:





	•	 	the costs for notarizing affidavits or similar documents for law enforcement
agencies, financial institutions or similar credit grantors, and credit agencies;
	 
	•	 	the costs for sending certified mail to law enforcement agencies, financial
institutions or similar credit grantors, and credit agencies;
	 
	•	 	the loan application fees for reapplying for loan(s) due to the rejection of the
original application because the lender received incorrect credit information;
	 
	•	 	the telephone expenses for calls to businesses, law enforcement agencies,
financial institutions or similar credit grantors, and credit agencies;
	 
	•	 	earnings lost by you or a family member as a result of time off from work to
complete fraud affidavits, meet with law enforcement agencies, credit agencies,
merchants, or legal counsel;
	 
	•	 	the reasonable attorney fees incurred with prior notice to us for:
	 
	•	 	the defense of you or a family member against any suit(s) by businesses or their collection agencies;
	 
	•	 	the removal of any criminal or civil judgements wrongly entered against you or a family member;
	 
	•	 	any challenge to the information in your or a family member’s consumer credit report; and
	 
	•	 	the reasonable fees incurred with prior notice to us by an identity fraud mitigation entity to:
	 
	•	 	provide services for the activities described above;
	 
	•	 	restore accounts or credit standing with financial institutions or similar credit grantors and credit agencies; and
	 
	•	 	monitor for up to one year the effectiveness of the fraud mitigation and to
detect additional identity fraud activity after the first identify
fraud occurrence.




However, such monitoring must begin no later than one year after you or a family member
first report an identity fraud occurrence to us.



However, “identity fraud expenses” does not include expenses incurred due to any
fraudulent, dishonest or criminal act by a covered person or any person acting with a
covered person, or by any authorized representative of a covered person, whether
acting alone or in collusion with others.



“Identity fraud mitigation entity” means a company that principally provides professional,
specialized services to counter identity fraud for individuals or groups of individuals,
or a financial institution that provides similar services.



In addition to the duties described in Policy Terms, Liability Conditions, Your duties after a
loss, you shall notify an applicable law enforcement agency.




			
	Form 10-02-0691 (Rev. 8-07)
	 	Page 6 of 15







 











 






Extra Coverages

(continued)




Kidnap expenses



We will pay up to a maximum of $100,000 for kidnap expenses you or a family member
incurs solely and directly as a result of a kidnap and ransom occurrence. In addition, we
also will pay up to $25,000 to any person for information not otherwise available leading to
the arrest and conviction of any person(s) who kidnaps you, a family member or a covered
relative. The following are not eligible to receive this reward payment:





	•	 	you or a family member; or






	•	 	a covered relative who witnessed the occurrence.




“Kidnap and ransom occurrence” means the actual or alleged wrongful taking of:





	•	 	you;






	•	 	one or more family members; or






	•	 	one or more covered relatives while visiting or legally traveling with you or a family
member;





     from anywhere in the world except those places listed on the United States State Department
Bureau of Consular Affairs Travel Warnings list at the time of the occurrence. The occurrence
must include a demand for ransom payment which would be paid by you or a family member in
exchange for the release of the kidnapped person(s).


“Kidnap expenses” means the reasonable costs for:





	•	 	a professional negotiator;






	•	 	a professional security consultant;






	•	 	professional security guard services;






	•	 	a professional public relations consultant;






	•	 	travel, meals, lodging and phone expenses incurred by you or a family member;






	•	 	advertising, communications and recording equipment;






	•	 	related medical, cosmetic, psychiatric and dental expenses incurred by a kidnapped person
within 12 months from that person’s release;






	•	 	attorneys fees;






	•	 	a professional forensic analyst;






	•	 	earnings lost by you or a family member, up to $25,000.




However, “kidnap expenses” does not include expenses incurred due to any kidnap and ransom
occurrence caused by:





	•	 	you or a family member;






	•	 	a covered relative;






	•	 	any guardian, or former guardian of you, a family member or covered relative;






	•	 	any estranged spouse or domestic partner, or former spouse or domestic partner of you or a
family member;






	•	 	any person unrelated to you or a family member who lives with you or a family member or
has ever lived with you or a family member for 6 or more months, other than a domestic
employee, residential staff, or a person employed by you or a family member for farm work;
or






	•	 	a civil authority,




or any person acting on behalf of any of the above, whether acting alone or in collusion with
others.



“Covered relative” means the following relatives of you, or a spouse or domestic partner who
lives with you, or any family member:





	•	 	children, their children or other descendents of theirs;






	•	 	parents, grandparents or other ancestors of theirs; or






	•	 	siblings, their children or other descendents of theirs;




who do not live with you, including spouses or domestic partners of all of the
above. Parents, grandparents and other ancestors include adoptive parents, stepparents and
stepgrandparents.



Reputational injury. If we are defending you or a family member in a suit seeking
covered damages, we will pay reasonable and necessary fees or expenses that you or a family
member incur for services provided by a reputation management firm to minimize potential injury
to the reputation of you or a family member solely as a result of personal injury or property
damage, caused by an occurrence if:





	•	 	the reputational injury is reported to us as soon as reasonably possible but not later
than 30 days after the personal injury or property damage occurrence; and






	•	 	you obtain approval of the reputation management firm from us before incurring any
fees or expenses, unless stated otherwise or an exclusion applies. There is no
deductible for this coverage.




A Reputation management firm means a professional public relations consulting firm, a
professional security consulting firm or a professional media management consulting firm.




			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 7 of 15






 









 






			
	 	 	 
	
	 	GROUP PERSONAL EXCESS LIABILITY POLICY






Extra Coverages

(continued)



The maximum amount of coverage for Reputational injury available for any one
occurrence is $25,000 or the amount shown in the Coverage Summary. We will not pay
more than this amount in any one occurrence for covered damages regardless of how many
claims or people are involved in the occurrence.



The maximum annual amount of coverage for Reputational injury shown in the Coverage
Summary is the most we will pay for the sum of all covered damages you or a family
member incur during the policy period regardless of the number of claims, people, or
occurrences.



This coverage does not apply to loss caused by a wrongful employment act covered by
Employment Practices Liability Insurance.




Exclusions



These exclusions apply to your Group Personal Excess Liability Coverage, unless stated
otherwise.



Aircraft We do not cover any damages arising out of the ownership, maintenance, use,
loading, unloading, or towing of any aircraft, except aircraft chartered with crew by
you. We do not cover any property damages to aircraft rented to, owned by, or in the
care, custody or control of a covered person.



Hovercraft We do not cover any damages arising out of the ownership, maintenance, use,
loading, unloading or towing of any hovercraft. We do not cover any property damages
to hovercraft rented to, owned by, or in the care, custody or control of a covered
person.



Motorized land vehicle racing or track usage. We do not cover any damages arising out
of the ownership, maintenance or use of any motorized land vehicle:





	•	 	during any instruction, practice, preparation for, or participation in, any
competitive, prearranged or organized racing, speed contest, rally, gymkhana,
sports event, stunting activity, or timed event of any kind; or






	•	 	on a racetrack, test track or other course of any kind.




Watercraft and aircraft racing or track usage. We do not cover any damages arising out
of the ownership, maintenance or use of any watercraft or aircraft during any
instruction, practice, preparation for, or participation in, any competitive,
prearranged or organized racing, speed contest, rally, sports event, stunting activity
or timed event of any kind. This exclusion does not apply to you or a family member
for sailboat racing even if the sailboat is equipped with an auxiliary motor.



Motorized land vehicle-related jobs. We do not cover any damages arising out of the
ownership, maintenance, or use of a motorized land vehicle by any person who is
employed or otherwise engaged in the business of selling, repairing, servicing,
storing, parking, testing, or delivering motorized land vehicles. This exclusion does
not apply to you, a family member, or your employee or an employee of a family member
for damages arising out of the ownership, maintenance or use of a motorized land
vehicle owned by, rented to, or furnished to you or a family member.



Watercraft-related jobs. We do not cover any damages arising out of the ownership,
maintenance, or use of a watercraft by any person who is engaged by or employed by, or
is operating a marina, boat repair yard, shipyard, yacht club, boat sales agency, boat
service station, or other similar organization. This exclusion does not apply to
damages arising out of the ownership, maintenance, or use of a watercraft by you, a
family member, or your or a family member’s captain or full time paid crew member
maintaining or using this watercraft with permission from you or a family member.



Motorized land vehicle and watercraft loading. We do not cover any person or
organization, other than you or a family member or your or a family member’s
employees, with respect to the loading or unloading of motorized land vehicles or
watercraft.



Workers’ compensation or disability. We do not cover any damages a
covered person is legally:





	•	 	required to provide; or
	 
	•	 	voluntarily provides




under any:





	•	 	workers’ compensation;






	•	 	disability benefits;






	•	 	unemployment compensation; or






	•	 	other similar laws.





			
	 	 	 
	Form 10-02-0691 (Rev.
8-07)
	 	Page 8 of 15











 









 











Exclusions

(continued)



But we do provide coverage in excess over any other insurance for damages you or a
family member is legally required to pay for bodily injury to a domestic employee of a
residence covered under the Required Primary Underlying Insurance which are not
compensable under workers’ compensation, unless another exclusion applies.



Director’s liability. We do not cover any damages for any covered person’s actions or
failure to act as an officer or member of a board of directors of any corporation or
organization. However, we do cover such damages if you are or a family member is an officer
or member of a board of directors of a:





	•	 	homeowner, condominium or cooperative association; or






	•	 	not-for-profit corporation or organization for which he or she
is not compensated;




unless another exclusion applies.



Damage to covered person’s property. We do not cover any person for property damage to
property owned by any covered person.



Damage to property in your care. We do not cover any person for property damage to property
rented to, occupied by, used by, or in the care of any covered person, to the extent that
the covered person is required by contract to provide insurance. But we do cover such
damages for loss caused by fire, smoke, or explosion unless another exclusion applies.



Wrongful
employment act. We do not cover any damages arising out of a wrongful employment
act. A wrongful employment act means any employment discrimination, sexual harassment, or
wrongful termination of any residential staff actually or allegedly committed or attempted
by a covered person while acting in the capacity as an employer, that violates applicable
employment law of any federal, state, or local statute, regulation, ordinance, or common
law of the United States of America, its territories or possessions, or Puerto Rico.



“Employment discrimination” as it relates solely to a wrongful employment act means a
violation of applicable employment discrimination law protecting any residential staff
based on his or her race, color, religion, creed, age, sex, disability, national origin or
other status according to any federal, state, or local statute, regulation, ordinance, or
common law of the United States of America, its territories or possessions, or Puerto Rico.



“Sexual harassment” as it relates solely to a wrongful employment act means unwelcome
sexual advances, requests for sexual favors, or other conduct of a sexual nature that;





	•	 	is made a condition of employment of any residential staff;






	•	 	is used as a basis for employment decisions;






	•	 	interferes with performance of any residential staff’s duties; or






	•	 	creates an intimidating, hostile, or offensive working environment.




“Wrongful termination” as it relates solely to a wrongful employment act means





	•	 	the actual or constructive termination of employment of any residential staff by you or a
family member in violation of applicable employment law; or






	•	 	breach of duty and care when you or a family member terminates an employment relationship with
any residential staff.




“Residential staff” as it relates solely to a wrongful employment act means your or a family
member’s employee who is:





	•	 	employed by you or a family member, or through a firm under an agreement with you or
a family member, to perform duties related only to a covered person’s domestic,
personal, or business pursuits covered under this part of your policy;






	•	 	compensated for labor or services directed by you or a family member; and






	•	 	employed regularly to work 15 or more hours per week.




Residential staff includes a temporary worker. Residential staff does not include an
independent contractor or any covered person.



“Temporary worker” as it relates solely to a wrongful employment act means your or a family
member’s employee who is:





	•	 	employed by you or a family member, or through a firm under an agreement with you or
a family member, to perform duties related only to a covered person’s domestic,
personal, or business pursuits covered under this part of your policy;






	•	 	compensated for labor or services directed by you or a family member; and






	•	 	employed to work 15 or more hours per week to substitute for any residential staff on
leave or to meet seasonal or short-term workload demands for 30 consecutive days or
longer during a 6 month period





			
	 	 	 
	Form 10-02-0691 (Rev. 8-07.)
	 	Page 9 of 15







 











 





			
	
	 	GROUP PERSONAL EXCESS LIABILITY POLICY






Exclusions

(continued)



Temporary worker does not include an independent contractor or any covered person.



Discrimination. We do not cover any damages arising out of discrimination due to age,
race, color, sex, creed, national origin, or any other discrimination.



Intentional acts. We do not cover any damages arising out of a willful,
malicious, fraudulent or dishonest act or any act intended by any covered person to
cause personal injury or property damage, even if the injury or damage is of a
different degree or type than actually intended or expected. But we do cover such
damages if the act was intended to protect people or property unless another
exclusion applies. An intentional act is one whose consequences could have been
foreseen by a reasonable person.



Molestation, misconduct or abuse. We do not cover any damages arising out of any actual, alleged or threatened:





	•	 	sexual molestation;
	 
	•	 	sexual misconduct or harassment; or
	 
	•	 	abuse.




Nonpermissive use. We do not cover any person who uses a motorized land vehicle or
watercraft without permission from you or a family member.



Business pursuits. We do not cover any damages arising out of a covered person’s
business pursuits, investment or other for-profit activities, for the account of a
covered person or others, or business property except on a follow form basis.



But we do cover damages arising out of volunteer work for an organized charitable,
religious or community group, an incidental business away from home, incidental
business at home, incidental business property, incidental farming, or residence
premises conditional business liability unless another exclusion applies. We also
cover damages arising out of your or a family member’s ownership,
maintenance, or use of a private passenger motor vehicle in business activities other
than selling, repairing, servicing, storing, parking, testing, or delivering
motorized land vehicles.



Unless stated otherwise in your Coverage Summary:



“Incidental business away from home” is a self-employed sales activity, or a
self-employed business activity normally undertaken by person under the age of 18
such as newspaper delivery, babysitting, caddying, and lawn care. Either of these
activities must:





	•	 	not yield gross revenues in excess of $15,000 in any year;
	 
	•	 	have no employees subject to worker’s compensation or other similar disability laws;
	 
	•	 	conform to local, state, and federal laws.





			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 10 of 15






 









 






Exclusions

(continued)



“Incidental business at home” is a business activity, other than farming, conducted on your
residence premises which must:





	•	 	not yield gross revenues in excess of $15,000, in any year, except for the business
activity of managing one’s own personal investments;
	 
	•	 	have no employees subject to worker’s compensation or other similar disability laws;
	 
	•	 	conform to local, state, and federal laws.




“Incidental business property” is limited to the rental or holding for rental, to be used as a
residence, of a condominium or cooperative unit owned by you or a family member, an apartment
unit rented to you or a family member, a one or two family dwelling owned by you or a family
member, or a three or four family dwelling owned and occupied by you or a family member. We
provide this coverage only for premises covered under the Required Primary Underlying Insurance
unless the rental or holding for rental is for:





	•	 	a residence of yours or a family member’s that is occasionally rented and that is used exclusively as a residence; or
	 
	•	 	part of a residence of yours or a family member’s by one or two roomers or boarders; or
	 
	•	 	part of a residence of yours or a family member’s as an office, school, studio, or private garage.




“Incidental farming” is a farming activity which meets all of the following requirements:





	•	 	is incidental to your or a family member’s use of the premises as a residence;
	 
	•	 	does not involve employment of others for more than 1,500 hours of farm work during the policy period;
	 
	•	 	does not produce more than $25,000 in gross annual revenue from agricultural operations;
	 
	•	 	and with respect to the raising or care of animals:






	 	•	 	does not produce more than $50,000 in gross annual revenues;
	 
	 	•	 	does not involve more than 25 sales transactions during the
policy period;
	 
	 	•	 	does not involve the sale of more than 50
animals during the policy period.




“Residence premises conditional business liability” is limited to business or professional
activities when legally conducted by you or a family member at your residence. We provide
coverage only for personal injury or property damage arising out of the physical condition of
that residence if:





	•	 	you or a family member do not have any employees involved in your business or
professional activities who are subject to workers’ compensation or other similar
disability laws; or, if you or a family member are a doctor or dentist, you do not have
more than two employees subject to such laws;
	 
	•	 	you or a family member do not earn annual gross revenues in excess of $5,000, if you or a
family member are a home day care provider.




We do not cover damages or consequences resulting from business or professional care or services
performed or not performed.



The following additional exclusion applies only to “incidental farming” as described under the
exclusion, Business pursuits.



Contamination. We do not cover any actual or alleged damages arising out of the
discharge, dispersal, seepage, migration or release or escape of pollutants. Nor do we cover any
cost or expense arising out of any request, demand or order to:





	•	 	extract pollutants from land or water;
	 
	•	 	remove, restore or replace polluted or contaminated land or water; or
	 
	•	 	test for, monitor, clean up, remove, contain, treat, detoxify or neutralize pollutants, or
in any way respond to or assess the effects of pollutants.




However, this exclusion does not apply if the discharge, dispersal, seepage, migration, release
or escape is sudden and accidental. A “pollutant” is any solid, liquid, gaseous or thermal
irritant or contaminant, including smoke (except smoke from a hostile fire), vapor, soot, fumes,
acids, alkalis, chemicals and waste. A “contaminant” is an impurity resulting from the mixture of
or contact of a substance with a foreign substance. “Waste” includes materials to be disposed of,
recycled, reconditioned or reclaimed.




			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 11 of 15






 









 






			
	
	 	GROUP PERSONAL EXCESS LIABILITY POLICY






Exclusions

(continued)



Financial
guarantees. We do not cover any damages for any covered person’s financial
guarantee of the financial performance of any covered person, other individual or organization.



Professional services. We do not cover any damages for any covered person’s performing or
failure to perform professional services, or for professional services for which any covered
person is legally responsible or licensed.



Acts of war. We do not cover any damages caused directly or indirectly by war, undeclared war,
civil war, insurrection, rebellion, revolution, warlike acts by military forces or personnel,
the destruction or seizure of property for a military purpose, or the consequences of any of
these actions.



Contractual liability. We do not cover any assessments charged against a covered
person as a member of a homeowners, condominium or cooperative association. We also
do not cover any damages arising from contracts or agreements made in connection
with any covered person’s business. Nor do we cover any liability for unwritten
contracts, or contracts in which the liability of others is assumed after a covered
loss.



Covered person’s or dependent’s personal injury. We do not cover any damages for
personal injury for any covered person or their dependents where the ultimate
beneficiary is the offending party or defendant. We also do not cover any damages
for personal injury for which you can be held legally liable, in any way, to a
family member, your spouse or domestic partner or for which a family member, your
spouse or domestic partner can be held legally liable, in any way, to
you.



However, we do cover damages for bodily injury arising out of the use of a
motorized land vehicle for which you can be held legally liable to a family member,
your spouse or domestic partner or for which a family member, your spouse or
domestic partner can be held legally liable to you to the extent that coverage is
provided under this policy. This coverage applies only to the extent such damages
are covered by primary underlying insurance and exceed the limits of insurance
required for that motorized land vehicle under the Required Primary Underlying
Insurance provisions of this policy.



Liability for dependent care. We do not cover any damages for personal injury for which a
covered person’s only legal liability is by virtue of a contract or other responsibility for a
dependent’s care.



Illness. We do not cover personal injury or property damage resulting from any
illness, sickness or disease transmitted intentionally or unintentionally by a
covered person to anyone, or any consequence resulting from that illness, sickness
or disease. We also do not cover any damages for personal injury resulting from the
fear of contracting any illness, sickness or disease, or any consequence resulting
from the fear of contracting any illness, sickness or disease.



Fungi and mold. We do not cover any actual or alleged damages or medical expenses
arising out of mold, the fear of mold, or any consequences resulting from mold or
the fear of mold. “Mold” means fungi, mold, mold spores, mycotoxins, and the scents
and other byproducts of any of these.



Nuclear or radiation hazard. We do not cover any damages caused directly or indirectly by
nuclear reaction, radiation, or radioactive contamination, regardless of how it was caused.




POLICY TERMS



This part of your Group Personal Excess Liability Policy explains the conditions that apply
to your policy.




General Conditions



These conditions apply to your policy in general, and to each coverage provided in the
policy.




Policy period



The effective dates of your policy are shown in the Coverage Summary. Those dates begin
at 12:01 a.m. standard time at the mailing address shown.



All coverages on this policy apply only to occurrences that take place while this policy is in
effect.




Transfer of rights



If we make a payment under this policy, we will assume any recovery rights a covered
person has in connection with that loss, to the extent we have paid for the loss.




			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 12 of 15







 











 





General Conditions

(continued)



All of your rights of recovery will become our rights to the extent of any payment we
make under this policy. A covered person will do everything necessary to secure such rights;
and do nothing after a loss to prejudice such rights. However, you may waive any rights of
recovery from another person or organization for a covered loss in writing before the loss
occurs.




Concealment or fraud



We do not provide coverage if you or any covered person has intentionally concealed or
misrepresented any material fact relating to this policy before or after a loss.




Application of coverage



Coverage applies separately to each covered person. However, this provision does not
increase the amount of coverage for any one occurrence.




Assignment



You cannot transfer your interest in this policy to anyone else unless we
agree in writing to the transfer.




Policy changes



This policy can be changed only by a written amendment we issue.




Bankruptcy or insolvency



We will meet all our obligations under this policy regardless of whether you, your
estate, or anyone else or their estate becomes bankrupt or insolvent.




In case of death



In the event of your death, coverage will be provided until the end of the policy period
or policy anniversary date, whichever occurs first, for any surviving member of your household
who is a covered person at the time of death. We will also cover your legal representative or
any person having proper temporary custody of your property.




Liberalization



We may extend or broaden the coverage provided by this policy. If we do this during the
policy period or within 60 days before it begins, without increasing the premium, then the
extended or broadened coverage will apply to occurrences after the effective date of the
extended or broadened coverage.




Conforming to state law



If any provision of this policy conflicts with any applicable laws of the state you live
in, this policy is amended to conform to those laws.




Conforming to trade sanction laws



This policy does not apply to the extent that trade or economic sanctions or other laws
or regulations prohibit us from providing insurance.




Liability Conditions



These conditions apply to all liability coverages in this policy.




Other Insurance



This insurance is excess over any other insurance except for those policies that:





	•	 	are written specifically to cover excess over the amount of coverage that applies in this policy;
and
	 
	•	 	schedule this policy as underlying insurance.





Your duties after a loss



In case of an accident or occurrence, the covered person shall perform the
following duties that apply:



Notification. You must notify us or your agent or broker as soon as possible.



Assistance. You must provide us with all available information. This includes any suit papers
or other documents which help us in the event that we defend you.



Cooperation. You must cooperate with us fully in any legal defense. This may include any
association by us with the covered person in defense of a claim reasonably likely to involve
us.




			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 13 of 15






 









 






	 	 	 

	

	 	GROUP PERSONAL EXCESS LIABILITY POLICY






Liability Conditions
(continued)




Examination. A person making a claim under this policy must submit as often as we
reasonably require:





	•	 	to physical exams by physicians we select, which we will pay for; and
	 
	•	 	to examination under oath and subscribe the same; and





authorize us to obtain:



	•	 	medical reports; and
	 
	•	 	other pertinent records.





Appeals



If a covered person, or any primary insurer, does not appeal a judgment for
covered damages, we may choose to do so. We will then become responsible for all expenses,
taxable costs, and interest arising out of the appeal. However, the amount of coverage for
damages will not be increased.




Special Conditions



In the event of conflict with any other conditions of your policy, these conditions
supersede.




Legal action against us



You agree not to bring action against us unless you have first complied with all conditions
of this policy.



You also agree not to bring any action against us until the amount of damages you are legally
obligated to pay has been finally determined after an actual trial or appeal, if any, or by a
written agreement between you, us and the claimant. No person or organization has any right
under this policy to bring us into any action to determine the liability of a covered person.




Notice of cancellation and coverage termination conditions



The Sponsoring Organization may cancel this policy by returning it to us or notifying
us in writing at any time subject to the following:





	•	 	the Sponsoring Organization must notify us in advance of the requested cancellation date;
and
	 
	•	 	the Sponsoring Organization must provide proof of notification to each member of the
Defined Group covered under this policy.




We may cancel this policy or any part of it subject to the following conditions. Our right to
cancel applies to each coverage or limit in this policy. In the event we cancel this policy,
we are under no obligation to provide you with an opportunity to purchase equivalent
coverage.





	•	 	Within 60 days. When this policy or any part of it has been in effect for less than
60 days, we may cancel with 30 days notice for any reason.
	 
	•	 	Non-payment of premium. We may cancel this policy or any part of it with 10 days
notice if the Sponsoring Organization or you fail to pay the premium by the due date,
regardless of whether the premium is payable to us, to our agent, or under any financial
credit.
	 
	•	 	Misrepresentation. We may cancel this policy or any part of it with 30 days notice if
the coverage was obtained through misrepresentation, fraudulent statements, or omissions
or concealment of a fact that is relevant to the acceptance of the risk or to the hazard
we assumed.
	 
	•	 	Increase in hazard. We may cancel this policy or any part of it with 30 days notice
if there has been a substantial change in the risk which increases the chance of loss
after insurance coverage has been issued or renewed, including but not limited to an
increase in exposure due to rules, legislation, or court decision.
	 
	•	 	Procedure. To cancel this policy or any part of it, we must notify you in writing. This notice
will be mailed to the Sponsoring Organization at the mailing address shown in the Coverage Summary
and we will obtain a certificate of mailing, This notice will include the date the cancellation is
to take effect.





			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 14 of 15






 









 





Special Conditions
(continued)



Termination. Should an individual for any reason no longer qualify as a member of
the Defined Group, coverage will cease sixty (60) days from the date that individual no
longer qualifies as a member of the Defined Group, or the policy expiration or
cancellation date, whichever comes first.



Refund. In the event of cancellation by the Sponsoring Organization or us, we will refund
any unearned premium on the effective date of cancellation, or as soon as possible
afterwards to the Sponsoring Organization. The unearned premium will be computed short
rate for the unexpired term of the policy.




			
	 	 	 
	Form 10-02-0691 (Rev. 8-07)
	 	Page 15 of 15







 












 






			
	
	 	GROUP PERSONAL EXCESS LIABILITY POLICY

STATE AMENDATORY ENDORSEMENT — CA






	 	 	 	 	 

	 

	 	Endorsement	 	 
	 
	 	 	 	 
	 

	 	Policy Period
	 	NOVEMBER 01, 2010 To NOVEMBER 01, 2011
	 
	 	 	 	 
	 

	 	Effective Date
	 	NOVEMBER 01, 2010
	 
	 	 	 	 
	 

	 	Policy Number
	 	(11) 7993-14-03 PLS
	 
	 	 	 	 
	 

	 	Insured
	 	VICE PRESIDENTS, NON OFFICERS & RETIREES OF NORTHROP GRUMMAN CORPORATION
	 
	 	 	 	 
	 

	 	Name of Company
	 	FEDERAL INSURANCE COMPANY
	 
	 	 	 	 
	 

	 	Date Issued
	 	OCTOBER 27, 2010





The Special Condition is replaced with the following:



Notice of cancellation and coverage termination conditions





	•	 	Within 60 days. When this policy or any part of it has been in effect for less than 60
days, we may cancel with 10 days notice for any reason.




The following Special Condition is added:



Other cancellation reasons. We may cancel this policy for any reason allowed by law.



All Other Terms And Conditions Remain Unchanged.




	 	 	 

	Authorized Representative

	 	






					
	 	 	 	 	 
	 
	 	California Amendatory
	 	last page
	 	 	 	 	 
	Form 10-02-1849 (Ed.8-07)
	 	Endorsement
	 	 Page 1






 









 






			
	
	 	GROUP EXCESS LIABILITY POLICY






	 	 	 	 	 

	 

	 	ENDORSEMENT	 	 
	 
	 	 	 	 
	 

	 	Policy Period
	 	NOVEMBER 01, 2010 to NOVEMBER 01, 2011
	 
	 	 	 	 
	 

	 	Effective Date
	 	NOVEMBER 01, 2010
	 
	 	 	 	 
	 

	 	Policy Number
	 	( 11 ) 7993-14-03 PLS
	 
	 	 	 	 
	

	 	Insured
	 	VICE PRESIDENTS, NON OFFICERS & RETIREES OF NORTHROP GRUMMAN CORPORATION
	 
	 	 	 	 
	 

	 	Name of Company
	 	FEDERAL INSURANCE COMPANY
	 
	 	 	 	 
	 

	 	Date Issued
	 	OCTOBER 27, 2010






ANNUAL PREMIUM ADJUSTMENT CLAUSE



It is agreed that this policy is written with a deposit premium to be adjusted on either
each policy anniversary or at policy expiration. The premium will be adjusted on the basis of
the difference between the total number of participants at inception and the actual number of
participants at each policy anniversary. This difference is to be multiplied by fifty percent
(50%) of the annual rate per participant, resulting in either an additional or return premium.



ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.




			
	 	 	 
	Authorized Representative
	 	






			
	 	 	 
	 
	 	Page 1






 









 






			
	
	 	GROUP EXCESS LIABILITY POLICY






	 	 	 	 	 

	 

	 	ENDORSEMENT	 	 
	 
	 	 	 	 
	 

	 	Policy Period
	 	NOVEMBER 01, 2010 to NOVEMBER 01, 2011
	 
	 	 	 	 
	 

	 	Effective Date
	 	NOVEMBER 01, 2010
	 
	 	 	 	 
	 

	 	Policy Number
	 	(11) 7993-14-03 PLS
	 
	 	 	 	 
	 

	 	Insured
	 	VICE PRESIDENTS, NON OFFICERS & RETIREES OF NORTHROP GRUMMAN CORPORATION
	 
	 	 	 	 
	 

	 	Name of Company
	 	FEDERAL INSURANCE COMPANY
	 
	 	 	 	 
	 

	 	Date Issued
	 	OCTOBER 27, 2010





Vice Presidents, Non Officers and Retirees of

Northrop Grumman Corporation



$10,000,000 LIMIT OF LIABILITY

$2,000,000 UNINSURED/ UNDERINSURED MOTORIST PROTECTION



Bush,Wesley G



$5,000,000 LIMIT OF LIABILITY

$2,000,000 UNINSURED/ UNDERINSURED MOTORIST PROTECTION



Abbate, Samuel A

Allen, Daniel D

Alsgood, Samuel

Amis, Kevin B

Anderson, David T

Antkowiak, Patrick M

Apt, David R

Archer, Dale S

Arczynski, Daniel L

Armitage, James L

Ashworth, Margaret Sidney

Babb, Steven C

Bartschi, Rolf

Beavers, Jessie K

Belanger, David J

Belote III, Brandon R

Bergjans, Steven B

Bitar, Imad

Bittner, Kevin M

Boak, Richard J

Borzcik, Paul S

Boykin, Jennifer R

Brammer, Robert F

Brickner, Lynne M 0

Brinkman, Charles J

Brooks, John W




Page 1





 











 




Bryant, Stephen M

Buckley Jr, John J

Burch, Mary K

Burke, Robert V

Burton, Dale E

Bush, Edward J

Byloff, James R

Cameron, Dennis S

Campbell, Robert W

Carlton, Roy D

Carroll, Mark S

Carty, William E

Catsavas, Debora L

Cawley, Martin L

Chandhok, Rajender K

Chang, Daniel W

Chanik Jr, Evan M

Chappel, Brian E

Cheston, Sheila

Chino, John J

Clay, John L

Connolly, James P

Conroy, Thomas W

Cool, Christopher B

Costello, Joseph 0

Cote, Susan L

Cuccias, Brian J

Culmo, James

Curiel, Cynthia W

Dacunha, Jose N

Daegele, John F

Davis, Michael L

Diakun, Peter C

DiCarlo, David M

Dickseski, Jerri F

Dohse, John F

Doshi, Nimish M

Dubeau, Robert W

Dufresne, Gerard A

Edelman, Larry W

Edenzon, Irwin F

EnewoId, Steven L

Ensor, Joseph J

Ermatinger, William R

Ervin, Gary W

Evers Manly, Sandra J

Eyler, David

Fagan, Jon H

Fallon Jr, Thomas F

Farrell, Timothy M

Fecteau, Kenneth P

Flach, Gloria A

Flanagan, Karin A

Flores, Frank

Foley III, John B

Fontaine II, Douglass L

Fraser, Darryl M

Fraser, Eugene J

Frei, Timothy J

Fujii, Roger U

Furukawa, Bradley D

Gagen, Mark

Gallimore, William D




Page 2









 








			
	
	 	 





Gerding, Robert B

Glennan III, Thomas K

Godwin III, James B

Grant, Jeffrey D

Gray, Katherine A

Greaney, Joseph E

Gregory, Paul 0

Gross, Michael D

Guerra, George

Gunter Jr, Robert L

Halibozek, Edward P

Hannigan, Timothy J

Hannon, William B

Hardesty, Michael A

Harper, Diane

Harvey, David S

Hashem, Claude J

Haver, Richard L

Haynes, George F

Haynesworth, Linnie R

Heintz, Kenneth N

Hernandez, Christopher M

Hinkey, Michael E

Hinson, Robert C

Hixson, Stephen J

Hogan, Stephen D

Holder, Samuel R

Hossepian, Gorik

Hughes, Edmond E

Hughes, James F

Hunley, Danny W

Hyland, Cynthia L

Iversen, Elizabeth D

Jack, Gary M

Jadik Jr, John

Janey, Cheryl L

Jarvis, Kevin L

Jelen, Robert A

Johnson, Carl

Johnson, John C

Johns ton, Thomas H

Jones, Christopher T

Jones, Timothy C

Kalafos Jr, Paul B

Kale, Jill

Kastner, Christopher D

Kau, Clayton K

Kaufman, Alene G

Kenny, Mark

Kent Jr, Jesse G

King, Amy J

Klein, Robert W

Kohl, Lisa V

Krantz, Keith C

Kuenzel, Catherine G

Kula, Mark S

Lamb-heinz, Catherine C

Landis, William E

Landon, John R





Page 3









 







Lanzillotta, Lawrence J

Lawton, Douglas A

Leaf, Daniel P

Leavitt, Jeffrey A

Lee, Harry Q

Lee, Scott A

Lennon, Michael

Leo, Richard M

Leonard, Mark H

Linsky, Stuart T

Livanos, Alexander C

Lofton, Arthur G

MacKenzie, Thomas L

Madigan, Jeremiah R

Mahler, William K

Marconi, Teri G

Matthews, Richard G

Mazur, David G

McClain, Daniel J

Mccoy, Steven H

McFarland, Judith A

McHugh, Donald E

McKenzie, Gary W

McKnight, Timothy S

McMahon, Patricia M

McNulty, Robert J

McVey, Bernard P

Meltsner, James R

Merchent, Robert L

Meyer, Paul K

Mills, Linda A

Mitchell, Kevin L

Moore, Corey S

Morra, Brian J

Movius, Stephen C

Moynes, John F

Mulherin, Matthew J

Myers, James M

Nagy, David A

Nastase, David W

Nelson, Margaret L

Newby, Patricia A

Newcotne, Richard A

Niland, Barbara A

Norton, Douglas J

Norwood, Todd A

Olesak, John F

Ostroff, Anne Y

Palmer, James F

Palombo, Jeffrey Q

Pami1jans, Janis G

Pattishall, Robert A

Perkins, Glenn E

Perry, David T

Petters, Clement M

Phillips-Soloway, Constance A

Pittman, Carolyn K

Pitts, James F

Porter, Scott L

Quinn, James J

Rabinowitz, Mark A

Rand, Donna K

Reineke, Diane 0





Page 4











 









Reith, David F

Rhine, Barry L

Ricker, Frederick L

Rideout, Jan G

Romesser, Thomas E

Rosener, David S.

Royer, Robert H

Ryan, David L

Salisbury, Gary L

Scarpella, Michelle A

Schaefer Jr, William J

Scharfen, Jonathan R

Schenk, Richard S

Schmaley, Richard F

Schmidt, Gregory A

Sculley, Kevin T

Shawcross, Michael G

Shedlick, Edward P

Shelman, Thomas W

Shiba, Jay A

Siegel, Neil G

Simmerman Jr, George M

Smith, Carl

Smith, Edgar A

Smith, Ronald

Song, Ike J

Spaulding, Rick S

Spehar, Anthony W

Springman, Michael

Stabler II, David S

Stafford, David F

Stewart, Gordon R

Stewart, Rebecca A

Stitzel Sr, Joel D

Stumpf, John

Sturais, Edward

Sullivan, Paul F

Sullivan, Stephen M

Swallow, Edward M

Swift, Malcolm S

Szemborski, Stanley R

Tapp Jr, James

Taylor, Hugh E

Taylor, Joe G

Tomlinson, Thomas W

Toner, Stephen J

Toth, Michele

Tucker, Mark A

Twyman, Michael R

Ussery, Louise

Vandervoet, David B

Vardoulakis, George

Vice, Thomas E

Volk, Charles H

Waldman, Mitchell B

Wands, Charles B

Warden, Kathy Jane

Waters, Robert A

Watson, Gabe A




			
	 	 	 
	 
	 	Page 5






 









 






	 	 	 

	

	 	CHUBB GROUP OF INSURANCE COMPANIES

15 Mountain View Road

Warren, NJ 07059






OCTOBER 27, 2010




VICE PRESIDENTS, NON OFFICERS & RETIREES

1840 CENTURY PARK EAST, 152/CC

LOS ANGELES, CALIFORNIA

90067




Re: Financial Strength



Dear VICE PRESIDENTS, NON OFFICERS & RETIREES



Chubb continues to deliver strong financial performance. Our financial strength, as reflected in
our published reports and our ratings, should give you peace of mind that Chubb will be there for you
when you need us most.





	•	 	Chubb’s financial results during 2009 stand out in the industry.
	 
	•	 	Chubb’s balance sheet is backed with investments that we believe emphasize quality,
safety, and liquidity, with total invested assets of $42.0 billion as of September 30, 2009.
	 
	•	 	With 127 years in the business, Chubb is here for the long term, which is why we
vigorously guard our financial strength and take what we believe is a prudent approach to
assuming risk — on both the asset and liability sides of our balance sheet.
	 
	•	 	Chubb is one of the most highly rated property and casualty companies in the industry,
which is a reflection of our overall quality, strong financial condition, and strong
capital position.






	 	•	 	Chubb’s financial strength rating is “A++” from A.M. Best Company, “AA” from
Fitch, “Aa2” from Moody’s, and “AA” from Standard & Poor’s — the leading
independent evaluators of the insurance industry.
	 
	 	•	 	Chubb’s senior unsecured corporate debt rating from Standard & Poor’s was
upgraded from “A” to “A+” on December 15, 2008. Standard & Poor’s also reaffirmed all
of Chubb’s ratings with a “stable” outlook.
	 
	 	•	 	A.M. Best, Fitch, and Moody’s recently affirmed all of Chubb’s ratings with a
“stable” outlook. (For reference, A.M. Best reaffirmed us on 12/23/08, Moody’s on
2/4/09 and Fitch on 2/13/09.)
	 
	 	•	 	For more than 50 years, Chubb has remained part of an elite group of insurers
that have maintained A.M. Best’s highest ratings.






	•	 	Chubb was named to Standard & Poor’s list of S&P 500 Dividend Aristocrats, one of
52 companies in the S&P 500 index that have increased dividends every year for at
least 25 consecutive years.
	 
	•	 	Chubb’s investment portfolio has held up extremely well. Chubb takes what we believe is a
conservative approach to selecting and managing our assets. Furthermore, Chubb does not
have any direct exposure to the subprime mortgage-backed securities market, and we stopped
doing new credit derivative business in 2003 and put existing business in runoff.





			
	 	 	 
	December 2009
	 	(over)






 









 





Rarely has Chubb’s business philosophy — to underwrite conservatively and invest judiciously
— been more important than it is today. By adhering to this philosophy, we now have the
capacity and flexibility to respond to opportunities, especially when you engage us in fully
understanding your business risks.



We want you to know that Chubb is well-positioned to continue serving your needs with our
underwriting expertise; broad underwriting appetite across all property, casualty, and specialty
lines; and claim services. If you have any questions, feel free to call your agent or broker or
your local Chubb underwriter. As always, we appreciate the trust you place in us as your
insurance partner.




			
	 	 	 
	December 2009
	 	 







 











 






			
	
	 	IMPORTANT NOTICE TO POLICYHOLDERS





This Important Notice is not your policy. Please read your policy carefully to determine
your rights, duties, and what is and what is not covered. Only the provisions of your policy
determine the scope of your insurance protection.



THIS IMPORTANT NOTICE PROVIDES INFORMATION CONCERNING POSSIBLE IMPACT ON YOUR INSURANCE
COVERAGE DUE TO COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS.



PLEASE READ THIS NOTICE CAREFULLY.



Various trade or economic sanctions and other laws or regulations prohibit us from
providing insurance in certain circumstances. For example, the United States Treasury
Department’s Office of Foreign Asset Control (OFAC) administers and enforces economic and trade
sanctions and places restrictions on transactions with foreign agents, front organizations,
terrorists, terrorists organizations, and narcotic traffickers. OFAC acts pursuant to Executive
Orders of the President of the United States and specific legislation, to impose controls on
transactions and freeze foreign assets under United States jurisdiction. (To learn more about
OFAC, please refer to the United States Treasury’s web site at
http://www.treas.gov/ofac.)



To the extent that you or any other insured, or any person or entity claiming the benefits of
this insurance has violated any applicable sanction laws, this insurance will not apply.




			
	 	 	 
	Form 99-10-0796 (Ed. 9-04)          Important Notice
	 	last page

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POLICYHOLDER NOTICE



All of the members of the Chubb Group of Insurance companies doing
business in the United States (hereinafter “Chubb”) distribute their
products through licensed insurance brokers and agents (“producers”).
Detailed information regarding the types of compensation paid by Chubb
to producers on US insurance transactions is available under the
Producer Compensation link located at the bottom of the page at
www.chubb.com, or by calling 1-866-588-9478. Additional information may
be available from your producer.



Thank you for choosing Chubb.




			
	 	 	 
	Form 99-10-0872 (Ed. 6-07)          Policyholder Notice
	 	last page

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