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A <br />ffGl$ <br />ASSOCIATED ELECTRIC 8 GAS INSURANCE SERVICES LIMITED <br />Endorsement No. 2 <br />Effective Date of Endorsement December 37, 1990 <br />Attached to and forming part of POLICY No. )(0250A7A90 <br />NAMED INSURED Colorado-Ute Electric Association, Inc. <br />It Is understood and agreed that this POLICY Is hereby amended as Indicated. All other terms and conditions <br />of this POLICY remain unchanged. <br />NUCLEAR ENERGY LIABILITY EXCLUSION (BROAD FORM) <br />It Is agreed that: <br />I. This POLICY does not apply: <br />(A) Under any Liability Coverage, to BODILY INJURY or PROPERTY DAMAGE: <br />(1) with respect to which an INSURED under this POLICY Is also an Insured under a nuclear <br />energy liability policy Issued by Nuclear Energy Liability Insurance Association, Mutual Atomic <br />Energy Liability Underwriters, Nuclear Insurance Association of Canada or any of their <br />successors, or would be an Insured under any such policy but for Its termination upon <br />exhaustion of Its Ilmlt of liability; or <br />(2) resulting from the hazardous properties of nuclear material and with respect to which (a) <br />any person or organization is required to maintain financial protection pursuant to th e Atomic <br />Energy Act of 1954, or any law amendatory thereof, or (b) the INSURED Is, or had this <br />POLICY not been Issued would be, entitled to Indemnity from the United States of America, <br />or any agency thereof, under any agreement entered Into by the United States of America, <br />or any agency thereof, with any person or organization. <br />(B) Under any Medical Payments Coverage, or under any Supplementary Payments provision relating to <br />Immediate medical or surgical relief, to expenses Incurred with respect to BODILY INJURY <br />resulting from tha hazardous properties of nuclear material and arising out of the operation of <br />e nuclear faclllty by any person or organization. <br />(C) Under any Liability Coverage, to BODILY INJURY or PROPERTY DAMAGE resulting from the <br />hazardous properties of nuclear material If: <br />(1) the nuclear material (a) is at any nuclear facility owned by, or operated by or on behalf of <br />en INSURED or (b) has been discharged or dispersed therefrom; <br />(2) the nuclear material Is contained in spent fuel or waste at any time possessed, handled, <br />used, processed, sorted, transported or disposed of by or on behalf of an INSURED; ar <br />(3) the BODILY INJURY or PROPERTY DAMAGE arises out of the furnishing by an INSURED of <br />services, materials, parts or equipment In connection with the planning, construction, <br />maintenance, operation or use of any nuclear facility, but If such facility Is located within <br />the United States of America, Its territories or possessions or Canada, this exclusion (3) <br />applies only to PROPERTY DAMAGE to such nuclear faclllty and any property thereat. <br />8202 (1/B® [ 1 Of 2 ] ~~ <br />