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33 INCREASED LIMITS FACTORS Note- Increased limits are available only to vendors who are REQUIRED to carry increased limits by their local licensing authority. The MJUA requires that it be provided with a copy of the ordinance at the same time an Application is submitted. The factors shown below must be applied to the rates and minimum premiums shown for the. applicable classification on Page 1. Special Event Special Event Rate Per Increased Limits Factor Min. Premium $100 of Sales 100/100/20 1.14 $142.50 $5.70/100 200/200/40 1.27 $158.75 $6.35/100 300/300/60 1.37 $171.25 $6.85/100 500/500/100 1.50 $187.50 $7.50/100 500/1000/100 1.52 $190.00 $7.60/100 1 M/1 M/300 1.64 $205.00 $8.20/100 300/1 M 1.42 $177.50 $7.10/100 200/600 1.31 $163.75 $6.55/100 1 M/2M 1.66 $208.00 $8.32/100 Special Event Coverage This coverage is available through the MJUA subject to the same requirements and conditions applicable to other risks. The MJUA requires: 1. a fully completed application signed by the applicant/licensee; 2. a copy of applicant's liquor license or of the application for a pending license; 3. documentation of liquor receipts; 4. a copy of the ordinance if increased limits are required; 5. 100% of the premium must accompany the application. The rate for the minimum limits of liability under Minnesota Statutes is $5 per$100 of gross liquor receipts. Minimum premium is $125/day for events of 4 days or less. For events of 5 days or more, the minimum premium is $625. The $5 rate applies to sales in excess of sales necessary to generate the minimum premium. You must maintain daily records of receipts for events of less than 5 days. A written rejection is not presently required for a "Special Event". Effective Date Coverage cannot be bound earlier than 12:01 a.m. the day following receipt by the MJUA of the application, ALL required documentation, and the deposit premium. AGENTS DO NOT HAVE BINDING AUTHORITY.