Stanley M. Kurzet and Anne L. Kurzet - Page 29

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                  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?                                                                




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Last modified: May 25, 2011