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h S A F E C 0 <br /> SAFECO Life Insurance Company <br /> 5069 -154th Place N . E. <br /> Redmond , Washington 98052 <br /> EXCESS LOSS INSURANCE POLICY <br /> MENNEN <br /> POLICY SPECIFICATIONS <br /> Policyholder: Bank of Newport , Trustee <br /> Policy Number : GT- EXL <br /> Policy Effective Date : May 15 , 2002 <br /> Premium Due Date : Premium is due on the Policy Effective Date and the first of each month beginning <br /> with June 1 , 2002 , <br /> Policy Anniversary : January 1st of each year beginning in 2003 . <br /> Governing Jurisdiction : This Policy is delivered in and governed by the laws of the state of Rhode <br /> Island . <br /> This Policy has been issued in consideration of the signed Participation Agreement and payment of <br /> premium . This Policy renews on each Policy Anniversary. <br /> SAFECO Life Insurance Company issues this Policy and agrees to pay the benefits of this Policy subject <br /> to its terms and conditions . <br /> SAFECO Life Insurance Company has , by its President and Secretary, executed this Policy as of the <br /> Policy Effective Date and caused it to be duly countersigned at Redmond , Washington . <br /> au <br /> C . B . Mead , Senior Vice President & Randall H . Talbot, President <br /> Secretary <br /> LGC 8800 11 /01 ® A registered trademark of SAFECO Corporation <br /> r <br />