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HomeMy WebLinkAboutDisclosure NoticeACSTAR INSURANCE COMPANY 233 MAN STREET • PA. BOX 2350 • NEW BAITAN, CT 06050-2350 • (860) 224-2000 BOND NO. 1-0'1:21 RIDER CONTAINING DISCLOSURE NOTICE OF TERRORISM COVERAGE This disclosure notice is required by the Terrorism Risk Insurance ACT of 2002 (the "Act'). No action is required on your part. This Disclosure Notice is incorporated in and a part of the attached bond, and is effective the date of the bond. You should know that, effective November 26, 2002, any losses covered by the attached bond that are caused by certified acts of terrorism would be partially reimbursed by the United States under a formula established by the Act. Under this formula, the United States reimburses 90% of covered terrorism losses exceeding the statutory established deductible paid by the insurance company providing the coverage. Under the Act, there is a cap on our liability to pay for covered terrorism losses if the aggregate amount of insured losses under the Act exceeds $100,000,000,000. during the applicable period for all insured's and all insurers combined. In that case, we will not be liable for the payment of any amounts which exceeds that aggregate amount of $100,000,000,000. The portion of your premium that is attributed to coverage for acts of terrorism is $o•oa. IMPORTANT NOTE: THE COST OF TERRORISM COVERAGE IS SUBJECT TO CHANGE ON ANY BONDS THAT PREMIUM I5 CHARGED ANNUALLY. EXCLUSION OF LIABILITY FOR MOLD, MYCOTOXINS, AND FUNGI The Bond to which this Rider is attached does not provide coverage for, and the surety thereon shall not be liable for, molds, living or dead fungi, bacteria, allergens, histamines, spores, hyphae, or mycotoxins, or their related products or parts, nor the remediation thereof, nor the consequences of their occurrence, existence, or appearance. Jfaralivi'd1RCIRMIR 233 MAIN STREET • P.O. BOX 2350 NEW BRITAIN, CT 06050-2350 (880) 224-2000 POWER OF ATTORNEY N2 21352 This Power of Attorney must have original corporate seal, and red and blue ACSTAR logo to be valid. Know all men by these presents: That ACSTAR Insurance Company, a corporation of the State of Illinois, having its principal office In the City of New Britain, Connecticut, pursuant to the following Resolution, which was adopted by the Board of Directors of the said Company on June 23, 2005, RESOLVED, That the following Rules shall govern the execution for the Company of bonds, undertakings, recognizances, contracts and other writings in the nature thereof: (1) That the Chairman, the President, any Vice President and General Counsel, or any Attorney -In -Fact, may execute for and on behalf of the Company any and all bonds, under- takings, recognizances, contracts and other writings In the nature thereof, the same to be attested when necessary by the Corporate Secretary, or any Assistant Corporate Secretary, and the seal of the Company affixed thereto: and that the Chairman or President may appoint and authorize any other Officer (elected or appointed) of the Company, and Attorneys -In -Fact to so execute or attest to the execution of all such writings on behalf of the Company and to affix the seal of the Company thereto. (2) Any such writing executed in accordance with these Rules shall be as binding upon the Company In any case as though signed by the President and attested to by the Corporate Secretary. The signature of the Chairman, the President, or a Vice President of the Company may be affixed by facsimile on any power of attorney granted pursuant to this Resolution, and the signature of a facsimile to any certificate of any such power, and any such power or certificate bearing such fascimllle signature and seal shall be valid and binding on the Company. (4) Such other Officers of the Company, and Attorneys -in -Fact shall have authority to certify or verity copies of this Resolution, the By -Laws of the Company, and any affidavit or record of the Company necessary to the discharge of their duties. (3) does hereby nominate, constitute and appoint HENRY W. NOZKO, JR.,R0BERT H. FRAZER, DAVID A. PRICE, MICHAEL P. CIFONE, JOAN C. FORTIER, HENRY W. NOZKO III each Individually, Its true and lawful Attorney -in -Fact, to make, execute, seal and deliver on Its behalf, and as its act and deed any and all bonds, under- takings, recognizances, contracts and other writings In the nature thereof In penalties not exceeding TEN MILLION DOLLARS ($10,000,000.00) each, and the execution of such writings in pursuance of these presents, shall be as binding upon said Company, as fully and amply, as If they had been duly executed and acknowledged by the regularly elected officers of the Company at its principal office. IN WITNESS WHEREOF, Henry W. Nozko, Jr., President, has hereunto subscribed his name and affixed the corporate seal of ACSTAR Insurance Company this 23rd day of June 2005. ACSTAR Insurance Company by STATE OF CONNECTICUT ) ss. NEW BRITAIN COUNTY OF HARTFORD ) On this 23rd day of June 2005, before me, a Notary Public of the State of Connecticut came, Henry W. Nozko, Jr„ President of ACSTAR Insurance Company, to me personally known to be the Individual and officer who executed the preceding instrument, and he acknowledged that he executed the same, and the seal affixed to the preceding instrument Is the corporate seal of said Company; that the said corporate seal and his signatures were duly affixed by the authority and direction of the said corporation, and the Resolution adopted by the Board of Directors of said Company, referred to in the preceding Instrument, Is now in force. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal at the City of New Britain the day and year first above written. *-UBLIC .0 ,,���E NrC1TNG4 Notary Public - Diane L. Plante I, the undersigned, Secretary or Assistant Secretary of ACSTAR insurance Company, do hereby certify that the original POWER OF ATTORNEY of which the foregoing Is a full, true and correct copy, Is in full force and effect. In witness whereof, I have hereunto subscribed my name as Secretary or Assistant Secretary, and affixed the corporate seal of the Corporation, this t,o'h day of fl~e rukrt.)2Of(o Roberti -I. Frazer/Mict f P. Cifone Secretary/ Assistant Secretary