(1)
Plan of rating uses as a base the fire, extended-
coverage and vandalism rates produced under nationwide schedule for electric power plants
b.
Al other eligible risks
(1)
Basic fire, extended-coverage and vandalism rates as
calculated under regular rating plans
c.
To these figures are added charges for following:
(1)
Conventional boiler and machinery exposures
(2)
Charge for the nuclear perils
(3)
Increment for all-risk exposure not measured by any
of the other rate charges
(4)
Composite rate, used by syndicates in issuing all-risk
policies (only policies that either syndicate will
issue)
Cc.
Liability insurance
1.
Public liability represents most serious aspect of the nuclearz
industry's insurance problem
2.
Methods of meeting problem of liability
a.
Private insurance represents basic method of meeting prob-
lem of liability
(1)
Liability coverage up to $60 million per installation
is available
(a)
Nuclear Energy Liability Insurance Association
(bo)
Mutual Atomic Energy Liability Underwriters
18 - 4
%
Loe
cme
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