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CCP 12-14-1998
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CCP 12-14-1998
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<br /> . <br /> . <br /> LMCIT LIABILITY COVERAGE - WAIVER FORM e <br /> Cities obtaining liability coverage from the League of Minnesota Cities Insurance Trust must decide <br /> whether or not to waive the statutory tort liability limits to the extent of the coverage purchased. The <br /> 'decision to waive or not towllive the statutory limits has the following effects;" "~,,,"'.' <br /> . Jfthe city does not waive the statutory tort limits, an individual claimant would be able to recover no <br /> more than $300,000 on any claim to which the statutory tort limits apply. The total which-all claimants <br /> would be able to recover for a single occurrence to which the statutory tort limits apply would beJimited <br /> to $750,000, These sta.futorytort limits would apply regardless of whether or not the city purchases the <br /> optional excess liability coverage. <br /> . Jfthe city waives the statutory tort limits and does not purchase excess liability coverage, a single <br /> claimant could potentially recover up to $750,000 on a single occurrence. The total which all claimants <br /> would be able to recover for a single occurrence to which the statutory tort limits apply would also be <br /> limited to $750,000, regardless of the nwnber of claimants. <br /> . Jfthe city waives the statutory tort limits and purchases excess liability coverage, a single claimant <br /> could potentially recover an amount up to the limit of the coverage purchased. 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 the amount of coverage purchased, regardless of the nwnber of claimants. <br /> Claims to which the statutory municipal tort limits do not apply are not affected by this decision. e <br /> This decision must be made by the city council. Cities purchasing coverage must complete and return <br /> this form to LMCIT before the effective date of the coverage. For further information, contact LMCIT. <br /> You may also wish to discuss these issues with your city anomey. <br /> The City of accepts liability coverage limits of $ from the League of <br /> Minnesota Cities Insurance Trust (LMCIT). <br /> Check one: <br /> _ The city DOES NOT WAIVE the monetary limits on municipal tort liability established <br /> by Minnesota Statutes 466,04. <br /> _ The city WAIVES the monetary limits on tort liability established by Minnesota Statutes <br /> 466.04, to the extent of the limits of the liability coverage obtained from LMCIT. <br /> Date of city council meeting <br /> Signature Position <br /> Return this completedform to LMClT, 145 University Ave. W., St. Paul, MN. 55103-2044 e <br /> Page I ofl <br />
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