A nuclear energy liability policy is a policy issued by
Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability Underwriters or any of their successors.
In 1956, stock insurance companies responded to the new challenges by forming the Nuclear Energy Liability Insurance Association to write third-party liability coverage and the Nuclear Energy Property Insurance Association to write physical-damage coverage.
Members of the committee that created the Nuclear Energy Liability Insurance Association included Travelers Insurance Co.,Aetna Casualty & Surety Co., Fidelity & Casualty Company of New York, Hartford Accident & Indemnity Co., Indemnity Insurance Company of North America, Royal Indemnity Co.
The first half of this portion of the exclusion is paragraph 1(a)(1), which reads: "The insurance does not apply under any liability coverage, to bodily injury or property damage, with respect to which an insured under the policy is also an insured under a nuclear energy liability policy issued by
Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability Underwriters or Nuclear Insurance Association of Canada or any of their successors, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability."