The excess insurance protection of $75,000,000 is provided by Chevron and supplements the primary insurance that the FBO is required to maintain during the term of its contractual agreement with Chevron Corp. It helps protect the FBO against major claims involving refueling operations.
This excess insurance is provided through a policy issued by an insurance company, not by Chevron Corp. Chevron Corp. has the right to change or eliminate such insurance with notice to the FBO.