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<br />12/01/2003 WED 09:03 FAX 651 227 0507 T C FIELD COMPANY <br />" ~ <br /> <br />III 002/002 <br /> <br />LMCIT LIABILITY COVERAGE - W AlVER FORM <br /> <br />. . Cities obtaining liability coverage from the League of Minnesota Citks Insurance Trust must decide <br />whcthcr or not to waive the statutory tort liability limits to the cxtent ofthe coverage purchased. The <br />decision to waive or not (0 waive the statutory limits has the following effects: <br /> <br />lfthe city does nol waive a,e SfatutOlY fOrt limils, an individual claimant would be able to recover no <br />more than $300,000.on any claim to which thc statutory tor1limits apply. The total which all claimants <br />would be ahle to recover for a single occurrCncc to which the statutory tort limits apply would be limited <br />to $1,000,000. These starutory tort limits would apply regardless of whether or nolthe city purchases <br />the optional excess liability coverage. <br /> <br />If the city waives the statulory lorllimits and does not purchase exces.I'liability coverage, a single <br />claimant could potentially recover up to $1,000,000. on a single occurrence. The total which all <br />claimants would be able to reCOver for a single occurrence to which the statutory tort limits apply would <br />also be limited to $1,000,000., regardless of the number of claimants. <br /> <br />If the city waives the stalutory /ort limits and purchases excas liability coverage, a single claimant <br />could potentially recover an amount up to the limit of the coverage purchased. The tOUlI which all <br />claimants would be able to recover for a single occurrence to which the statutory tort limits apply would <br />also be limited to the amount of coverage purchased, rcgardle~s of the number of claimants. <br /> <br />Claims to which thc statutory municipal tort limits do not apply are not affected by this dceision. <br /> <br />. <br /> <br />'Ihis decision must be made by the city council. Cities purchasing covcrage must complete and return <br />this form tr> LMCTT heforc the effective date of the coverage. For further information, contact LMClT. <br />You may al~o wish to discuss thesc issues with your city attorney, <br /> <br />The City of ~II~ accepts liability coverage limits of $,,<, 0"'''1 0""."" <br />Minnesota Cities Insurance Trust (LMClT). <br /> <br />from the League of <br /> <br />Check one: <br />.,.,-/ The city DOES NOT WAIVE the monetary limits on municipal tort liability established <br />by Minnesota Statutes 466.04. <br /> <br />_ The city WAIVES the monetary limits on t0r11iability established by Minnesota Statutes <br />466.04, to the extent of the llmits of the liability coverage obtained from LMCIT, <br /> <br />Date of city council meeting lJt ~?; ?OO 3 <br /> <br />Signature 0~ffi- ~ Position ~ ~/ If/? lJ?ucJ.u <br /> <br /> <br />Return this completed form to LMClT, 145 University Ave. w., SI. Paul, MN. 55103-2044 <br /> <br />. <br /> <br />Page I of 1 <br />