- 29 - other insurance on the home, which is contained in Exhibit 5 -- or account 524 and Exhibit 116 again, and I’ve allocated it equally to each one of these business activities based on conversations with Mr. Kurzet on -- on his purpose for purchasing that additional insurance. THE COURT: This is umbrella liability on -- on their activities or on the home, the Orange County -- THE WITNESS: It’s on -- my understanding, Your Honor, is it’s activities that happen at four -- essentially four locations: the home in Orange County, the timber farm, the investment property in Tahiti, and the industrial building in Orange County, and I simply allocated it equally to each of those. THE COURT: Not the home, not the Orange County home? THE WITNESS: It does include the Orange County home. THE COURT: Where is that on your schedule? THE WITNESS: It would be the consulting. THE COURT: Consulting you labeled as "home"? It’s in fact the home, and you labeled it consulting? How do you get the "consulting" label for the home in Orange County? THE WITNESS: Because that’s where the activity was carried out. THE COURT: I’m missing something here. There were many activities carried on at the home -- THE WITNESS: Right. THE COURT: -- 20 percent of which allegedly is consulting and business related, and 80 percent of which is personal? THE WITNESS: Right. THE COURT: So where -- where is the personal aspect of the allocation? Where is the allocation -- THE WITNESS: We have not -- THE COURT: -- of the umbrella liability to the personal activities?Page: Previous 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Next
Last modified: May 25, 2011