| Requirement | Evidence Found | Source | Status | Issue | | ------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------ | ------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | 1. Completed commercial property application. | 2027 Property Renewal Application is identified as completed and signed. | 2027 Property Renewal Application | FULFILLED | Relevant completed and signed application evidence is present; no material evidence-level issue identified. | | 2. Current Statement of Values (SOV) for all insured locations, including building, contents, equipment, stock, and business interruption values. | SOV dated September 18, 2026 covers Plant A, Plant B, Warehouse C, and Warehouse D. Building, contents, stock, and BI values are stated for all four locations. Equipment values are stated for Plant A and Plant B, but no equipment value is provided for Warehouse C or Warehouse D. | Statement of Values dated September 18, 2026 | INSUFFICIENT | The SOV does not provide equipment values for all insured locations, so the stated requirement is not fully evidenced. | | 3. Five years of property loss runs through the most recent available policy year. | Property Loss Runs contain five annual periods ending December 31, 2025. The 2025 period reports no property losses. | Property Loss Runs | FULFILLED | Five annual periods are supplied through the latest period identified in the submission; no material evidence-level issue identified. | | 4. Updated COPE information for each location, including construction, occupancy, protection, and exposure details. | COPE schedule covers Plant A, Plant B, Warehouse C, and Warehouse D. | COPE schedule | FULFILLED | COPE evidence is identified for each of the four locations; no material evidence-level issue identified. | | 5. Current property engineering / risk inspection report for the two largest manufacturing locations. | Engineering reports are supplied for Plant A, issued July 22, 2026, and Plant B, issued August 5, 2026. | Plant A Engineering Report; Plant B Engineering Report | FULFILLED | Engineering reports are supplied for the two manufacturing plants identified in the submission; no material evidence-level issue identified. | | 6. Status of recommendations from the latest engineering report. | Engineering Recommendation Tracker contains 11 recommendations from the Plant A report: 8 completed, 2 in progress, and 1 without a current status. A later Plant B Engineering Report was issued August 5, 2026, but the supplied tracker is identified only as covering the Plant A report. | Engineering Recommendation Tracker; Plant A Engineering Report; Plant B Engineering Report | INSUFFICIENT | Recommendation status is evidenced for the Plant A report, but the supplied material does not establish current recommendation status for the later Plant B report. | | 7. Business continuity and contingent business interruption information covering critical suppliers and major production dependencies. | Business Continuity Plan identifies a single critical electronics supplier in Malaysia and a secondary supplier that is approved but not yet operational. Contingent Business Interruption worksheet provides supplier dependency estimates by production line. | Business Continuity Plan revised March 2026; Contingent Business Interruption worksheet | FULFILLED | Relevant business continuity and supplier dependency evidence is present; no material evidence-level issue identified. | | 8. Current property policy declarations and endorsements. | Current Policy Declarations are supplied for January 1, 2026 to January 1, 2027, together with three Policy Endorsements issued during the current policy term. | Current Policy Declarations; Policy Endorsements | FULFILLED | Current declarations and endorsements are supplied; no material evidence-level issue identified. | | 9. Current deductible and requested coverage information. | Requested Coverage Schedule identifies replacement cost property coverage, equipment breakdown, business interruption, and contingent business interruption. No current deductible is stated in the supplied material. | Requested Coverage Schedule; Current Policy Declarations; Policy Endorsements | INSUFFICIENT | Requested coverage is evidenced, but the supplied material does not provide the current deductible information required by the requirement. | | 10. Historical gross profit / business interruption values supporting the requested BI limits. | Financial information package shows historical gross profit of $54.2M for 2024 and $58.7M for 2025. BI worksheet shows projected annual gross profit of $62.0M and supports a total requested BI limit of $26.0M across all locations. The SOV separately shows Plant A BI of $31.0M. | Financial information package; BI worksheet; Statement of Values dated September 18, 2026 | CONFLICTING | The supplied BI figures materially differ: the SOV shows Plant A BI of $31.0M, while the BI worksheet supports a total requested BI limit of $26.0M across all locations. The historical gross profit figures are present, but the conflicting BI amounts are not reconciled in the supplied material. |