United Parcel Service of America - Page 82




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                    Q.   And liability insurance cases.  Did you ever                 
               request a legal opinion as to whether UPS's activity was               
               similar or distinguishable?                                            
                    A.   No.                                                          
                    Q.   During the negotiations, did you ever request an             
               opinion regarding whether federal transportation law                   
               preempted state regulation?                                            
                    A.   No, I didn't.                                                
                    Q.   Okay.  At some point in late 1984, UPS decided to            
               go forward with the transaction.  Correct?                             
                    A.   1983.                                                        
                    Q.   1983.  I'm sorry.                                            
                    A.   1983, yes.                                                   
                    Q.   And it --                                                    
                    A.   I don't know if it was late in 1983.                         
                    Q.   It's not my intention to quibble about the date.             
               Sometime in 1983, UPS decided to go forward.                           
                    A.   Yes.                                                         
                    Q.   And at some point, the structure was fairly known            
               to you.  National Union would be involved, and OPL would be            
               the reinsurer.  Is that correct?                                       
                    A.   Yes.                                                         
                    Q.   At that point in time, did you request a legal               
               opinion as to whether that satisfactorily alleviated your              
               concerns about state regulation?                                       
                    A.   No.                                                          
                    Q.   Did UPS?                                                     
                    A.   Not that I'm aware of.                                       
                    Q.   Now, was --                                                  





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