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Zigneg®Agency Inc./I-tisu ance <br />3880 Laverne Avenue North / Lake Elmo, Minnesota 55042 / (612) 777-8788 <br />January 31, 1990 <br />CITY OF LAKE ELMO <br />3880 Laverne Avenue North <br />Lake Elmo, Mn., 55042 <br />Attn: Mary Kueffner <br />RE: INSURANCE PACKAGE / RENEWAL PREMIUM SUMMMARY AND BINDER <br />Dear Mary: <br />Enclosed is a copy of the renewal Summary sent us by North Star Risk Ser- <br />vices Inc. This serves as a Premium Summary and Insurance Binder to con- <br />tinue coverage through the League of Minnesota Cities Insurance Trust. <br />Along with the premium summary I have given you a cost comparison as to <br />what was paid last year. If you will recall the city received a Dividend <br />a short time ago from the League of $7,764.00. If the losses remain favor- <br />able during the next policy term the city could realize a similar dividend <br />in the future. <br />We have also included a quotation for Excess Liability which we would <br />recommend the city consider. You will note their options include Excess <br />Liability Liability with Limits of $1,000,000.00 to $5,000,000.00. Each <br />of these limits are quoted "with" and "without" waiver of Immunity Cover- <br />age. The coverage is explained in the letter which is attached to the <br />quotation. Highlighted in the letter from Mr. Tritz is a paragraph per- <br />taining to the "background" of Excess Liability Coverage and the apparent <br />need in some cases where Statutory Limits might not apply. <br />After reviewing this, if the Council decides to purchase Excess Liability <br />Coverage please have the enclosed form signed and dated with the amount <br />of coverage and option requested. <br />Yo rs very t ly, <br />Dav d 1 be <br />9 <br />DJH/ b <br />enc. <br />