Chapter 16
Insurance
A.
Insuring radioisotope users against radioactive contamination
l.
Through endorsements to basic fire policy
2.
Endorsement A - limited form
a.
Limited coverage provided against direct loss resulting
from perils insured against by basic policy
b.
Contamination must arise out of material used or stored on
premises described in policy
Endorsement B - broad form
a.
Policy extended to insure against loss by sudden and accidental radioactive contamination without being limited by
phrase "directly resulting from any perils insured against
by this policy”
b.
Contamination must arise out of material used or stored on
premises described in policy
Coverage of both endorsements subject to proviso "at the time
of such loss there is neither a nuclear reactor nor any new or
used nuclear fuel elements on the described premises”
Insurance company method to extend basic fire policy to include
coverage against radioactive contamination
a.
Attach nuclear clause and required nuclear exclusion clauses
to all policies relating to subject property
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