Common use of TOTAL INSURED VALUE EXCLUSION CLAUSE Clause in Contracts

TOTAL INSURED VALUE EXCLUSION CLAUSE. It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments, Public Utilities (except Railroad schedules) and Builders Risk on the above classes where, at the time of the cession, the Total Insured Value over all interests exceeds $500,000,000. However, the Company shall be protected hereunder, subject to the other terms and conditions of this Agreement, if subsequently to cession being made the Company becomes acquainted with the true facts of the case and discovers that the mutual intention has been inadvertently breached, the Company shall at the first opportunity, and certainly by next anniversary of the original policy, exclude the risk in question. It is agreed that this mutual intention does not apply to Contingent Business Interruption or to interest traditionally underwritten as Inland Marine or to Stock and/or Contents written on a blanket basis except where the Company is aware that the Total Insured Value of $500,000,000 is already exceeded for buildings, machinery, equipment and direct use and occupancy at the key location. It is understood and agreed that this Clause shall not apply hereunder where the Company writes 100% of the risk. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of bridges and tunnels to exclude such risks where the Total Insured Value over all interests exceeds $500,000,000. NUCLEAR INCIDENT EXCLUSION CLAUSE — PHYSICAL DAMAGE — REINSURANCE — U.S.A.

TOTAL INSURED VALUE EXCLUSION CLAUSE. It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments, Public Utilities (except Railroad schedules) and Builders Risk on the above classes where, at the time of the cession, the Total Insured Value over all interests exceeds $500,000,000350,000,000. However, the Company shall be protected hereunder, subject to the other terms and conditions of this Agreement, if subsequently to cession being made the Company becomes acquainted with the true facts of the case and discovers that the mutual intention has been inadvertently breached, the Company shall at the first opportunity, and certainly by next anniversary of the original policy, exclude the risk in question. It is agreed that this mutual intention does not apply to Contingent Business Interruption or to interest traditionally underwritten as Inland Marine or to Stock and/or Contents written on a blanket basis except where the Company is aware that the Total Insured Value of $500,000,000 350,000,000 is already exceeded for buildings, machinery, equipment and direct use and occupancy at the key location. It is understood and agreed that this Clause shall not apply hereunder where the Company writes 100% of the risk. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of bridges and tunnels to exclude such risks where the Total Insured Value over all interests exceeds $500,000,000350,000,000. NUCLEAR INCIDENT POLLUTION AND SEEPAGE EXCLUSION CLAUSE — PHYSICAL DAMAGE — REINSURANCE — U.S.A.This Reinsurance does not apply to:

TOTAL INSURED VALUE EXCLUSION CLAUSE. It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments, Public Utilities (except Railroad schedules) and Builders Risk on the above classes where, at the time of the cession, the Total Insured Value over all interests exceeds $500,000,000350,000,000. However, the Company shall be protected hereunder, subject to the other terms and conditions of this Agreement, if subsequently to cession being made the Company becomes acquainted with the true facts of the case and discovers that the mutual intention has been inadvertently breached, the Company shall at the first opportunity, and certainly by next anniversary of the original policy, exclude the risk in question. It is agreed that this mutual intention does not apply to Contingent Business Interruption or to interest traditionally underwritten as Inland Marine or to Stock and/or Contents written on a blanket basis except where the Company is aware that the Total Insured Value of $500,000,000 350,000,000 is already exceeded for buildings, machinery, equipment and direct use and occupancy at the key location. It is understood and agreed that this Clause shall not apply hereunder where the Company writes 100% of the risk. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of bridges and tunnels to exclude such risks where the Total Insured Value over all interests exceeds $500,000,000350,000,000. NUCLEAR INCIDENT <PAGE> POLLUTION AND SEEPAGE EXCLUSION CLAUSE — PHYSICAL DAMAGE — REINSURANCE — U.S.A.This Reinsurance does not apply to:

TOTAL INSURED VALUE EXCLUSION CLAUSE. It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments, Public Utilities (except Railroad schedules) and Builders Risk on the above classes whereclasses, where at the time of the cession, the Total Insured Value over all interests exceeds $500,000,000350,000,000. However, the Company shall be protected hereunder, subject to the other terms and conditions of this Agreement, if subsequently to cession being made the Company becomes acquainted with the true facts of the case and discovers that the mutual intention has been inadvertently breached, the Company shall at the first opportunity, and certainly by next anniversary of the original policy, exclude the risk in question. It is agreed that this mutual intention does not apply to Contingent Business Interruption or to interest traditionally underwritten as Inland Marine or to Stock and/or Contents written on a blanket basis except where the Company is aware that the Total Insured Value of $500,000,000 350,000,000 is already exceeded for buildings, machinery, equipment and direct use and occupancy at the key location. It is understood and agreed that this Clause shall not apply hereunder where the Company writes 100% of the risk. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of bridges and tunnels to exclude such risks where the Total Insured Value over all interests exceeds $500,000,000350,000,000. NUCLEAR INCIDENT POLLUTION AND SEEPAGE EXCLUSION CLAUSE — PHYSICAL DAMAGE — REINSURANCE — U.S.A.This Reinsurance does not apply to:

TOTAL INSURED VALUE EXCLUSION CLAUSE. It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments, Public Utilities (except Railroad schedules) and Builders Risk on the above classes where, at the time of the cession, the Total Insured Value over all interests exceeds $500,000,000350,000,000. However, the Company shall be protected hereunder, subject to the other terms and conditions of this Agreement, if subsequently to cession being made the Company becomes acquainted with the true facts of the case and discovers that the mutual intention has been inadvertently breached, the Company shall at the first opportunity, and certainly by next anniversary of the original policy, exclude the risk in question. It is agreed that this mutual intention does not apply to Contingent Business Interruption or to interest traditionally underwritten as Inland Marine or to Stock and/or Contents written on a blanket basis except where the Company is aware that the Total Insured Value of $500,000,000 350,000,000 is already exceeded for buildings, machinery, equipment and direct use and occupancy at the key location. It is understood and agreed that this Clause shall not apply hereunder where the Company writes 100% of the risk. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of bridges and tunnels to exclude such risks where the Total Insured Value over all interests exceeds $500,000,000. NUCLEAR INCIDENT EXCLUSION CLAUSE — PHYSICAL DAMAGE — REINSURANCE — U.S.A.350,000,000.

TOTAL INSURED VALUE EXCLUSION CLAUSE. It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments, Public Utilities (except Railroad schedulesSchedules) and Builders Risk Risks on the above classes where, at the time of the cession, the Total Insured Value total insured value over all interests exceeds $500,000,000350,000,000. However, the Company Reassured shall be protected hereunder, subject to the other terms and conditions of this Agreementagreement, if subsequently to cession being made the Company Reassured becomes acquainted with the true facts of the case and discovers that the mutual intention has been inadvertently breached, breached on condition that the Company Reassured shall at the first opportunity, and certainly by next anniversary of the original policy, exclude the risk in question. It is agreed that this mutual intention does not apply to Contingent Business Interruption or to interest interests traditionally underwritten as Inland Marine or to Stock and/or Contents written on a blanket basis except where the Company Reassured is aware that the Total Insured Value of $500,000,000 350,000,000 is already exceeded for buildings, machinery, machinery equipment and direct use and occupancy at the key location. It is understood and agreed that this Clause shall not apply hereunder where the Company writes 100% of the risk. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of bridges Bridges and tunnels Tunnels to exclude such risks where the Total Insured Value total insured value over all interests exceeds $500,000,000350,000,000. NUCLEAR INCIDENT EXCLUSION CLAUSE — PHYSICAL DAMAGE — REINSURANCE — U.S.A.It is understood and agreed that this Clause shall not apply hereunder where the Reassured writes 100% of the risk. <PAGE>

TOTAL INSURED VALUE EXCLUSION CLAUSE. It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments, Establishments and Public Utilities (except Railroad schedules) Schedules), and Builders Risk Risks on the above classes whereclasses, where at the time of the cession, the Total Insured Value over all interests exceeds $500,000,000300,000,000. However, the Company shall be protected hereunder, subject to the other terms and conditions of this AgreementContract, if subsequently subsequent to cession being made made, the Company becomes acquainted with the true facts of the case and discovers that the mutual intention has been inadvertently breached, ; on condition that the Company shall at the first opportunity, and certainly by next anniversary of the original policy, exclude the risk in question. It is agreed that this mutual intention does not apply to Contingent Business Interruption or to interest interests traditionally underwritten as Inland Marine or to Stock and/or Contents written on a blanket basis except where the Company is aware that the Total Insured Value of $500,000,000 300,000,000 is already exceeded for buildings, machinery, equipment and direct use and occupancy at the key location. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of Bridges and Tunnels to exclude such risks where the Total Insured Value over all interests exceeds $300,000,000. It is understood and agreed that this Clause shall not apply hereunder where the Company writes 100% of the risk. Notwithstanding anything contained herein to the contrary, it is the mutual intention of the parties in respect of bridges and tunnels to exclude such risks where the Total Insured Value over all interests exceeds $500,000,000. NUCLEAR INCIDENT EXCLUSION CLAUSE — PHYSICAL DAMAGE — REINSURANCE — U.S.A..