Coverage

Conditions

Oil Casualty Insurance, Ltd. provides either direct insurance of an energy company or reinsurance coverage of a captive insurance company. The policies are identical except for minor differences in wording to reflect the fact that the reinsurance policy is designed for use in accessing OCIL via an insurance subsidiary.

Policy Conditions:

Territory:	Worldwide
Currency:	U.S. Dollars or acceptable Foreign Currencies
Governing Law:	New York State
Mandatory Arbitration:	London, England

The Company also acts as a treaty reinsurer in supporting insurance companies that write energy insurance.

Limits & Attachments

OCIL requires that all of its Shareholders purchase an Excess General Liability policy providing a minimum of $25 million in limits.

All currencies listed below are stated in US$ unless otherwise indicated.

Excess General Liability

Maximum Limit

$100 million

Minimum Limit

$25 million

Minimum Attachment

$50 million

Flexible Layering

Coverage may be in multiple non-contiguous layers or on a quota share basis

Follow-Form General Liability

OCIL utilizes its own form or follow form policies as follows:

XL-004
ACE-005
AEGIS (XL and ACE follow forms) amend to AEGIS (OCIL, XL and ACE follows forms)
EIM follow form AEGIS (amended)

OCIL will follow the standard endorsements of the above forms.