HomeMy WebLinkAboutRES 19-041 REGARDING RENEWAL OF MUNICIPAL INSURANCE COVERAGE AND THE NON WAIVER OF TORT LIABILITY LIMITS FOR THE LEAGUE OF MINNESOTA CITIES INSURANCE PROGRAMCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 19 -041
A RESOLUTION REGARDING RENEWAL OF MUNICIPAL INSURANCE COVERAGE
AND THE NON WAIVER OF TORT LIABILITY LIMITS FOR THE LEAGUE OF
MINNESOTA CITIES INSURANCE PROGRAM.
WHEREAS, the City Council of the City of St. Anthony hereby approves participation in the
League of Minnesota Cities Insurance Trust (LMCIT) insurance program for the
year 2019 through 2020; and
WHEREAS, the City has elected to purchase excess coverage in the amount of $1,000,000.00.
WHEREAS, the City DOES NOT WAIVE the monetary limits on municipal tort liability
established by Minnesota Statutes, Section 466.04.
BE IT RESOLVED, that the City Council of the City of St. Anthony hereby approves the renewal
of insurance coverage through the League of Minnesota Cities for the policy period of June 1, 2019
to May 31, 2020.
THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the City of St. Anthony
hereby does not waive the monetary limits on tort liability established by MN statute 466.04, Subd.
7, to the extent of the limits of the liability coverage obtained from the LMCIT for the policy period
of June 1, 2019 to May 31, 2020.
Adopted this 14th day of May, 2019.
ATTEST:
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Nicole Miller, City Cler
Review for Administration:
Jbrome O. Faust, Mayor
Mark Casey, City Mana:er
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LEAGUE OF
MINNESOTA
CITIES
CONNECTING & INNOVATING
SINCE 1913
LIABILITY COVERAGE — WAIVER FORM
Members who obtain liability coverage through the League of Minnesota Cities Insurance Trust (LMCIT)
must complete and return this form to LMCIT before the member's effective date of coverage. Return
completed form to your underwriter or email to pstechc 1mc.org.
The decision to waive or not waive the statutory tort limits must be made annually by the
member's governing body, in consultation with its attorney if necessary.
Members who obtain liability coverage from LMCIT must decide whether to waive the statutory tort liability limits
to the extent of the coverage purchased. The decision has the following effects:
• If the member does not waive the statutory tort limits, an individual claimant could recover no more than
$500,000 on any claim to which the statutory tort limits apply. The total all claimants could recover for a single
occurrence to which the statutory tort limits apply would be limited to $1,500,000. These statutory tort limits
would apply regardless of whether the member purchases the optional LMCIT excess liability coverage.
• If the member waives the statutory tort limits and does not purchase excess liability coverage, a single claimant
could recover up to $2,000,000 for a single occurrence (under the waive option, the tort cap liability limits are
only waived to the extent of the member's liability coverage limits, and the LMCIT per occurrence limit is
$2,000,000). The total all claimants could recover for a single occurrence to which the statutory tort limits apply
would also be limited to $2,000,000, regardless of the number of claimants.
• If the member waives the statutory tort limits and purchases excess liability coverage, a single claimant could
potentially recover an amount up to the limit of the coverage purchased. The total all claimants could recover for
a single occurrence to which the statutory tort limits apply would also be limited to the amount of coverage
purchased, regardless of the number of claimants.
Claims to which the statutory municipal tort limits do not apply are not affected by this decision.
LMCIT Member Name:
vt /7 07" j/ a/l
Check one:
The member DOES NOT WAIVE the monetary limits on municipal tort liability established by Minn. Stat.
466.04.
The member WAIVES the monetary limits on municipal tort liability established by Minn. Stat. & 466.04, to
the extent of the limits of the liability coverage obtained from LMCIT.
Date of member's governing body meeting:
Signature:
145 UNIVERSITY AVE WEST
ST. PAUL, MN 55103 -2044
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Position: CLAY /1/104 5-e./—
PHONE: (651) 281 -1200 FAX: (651) 281 -1299
TOLL FREE: (800) 925 -1122 WEB: WWW.LMC.oRG