2010 02-23 CCP - Laserfiche WebLink

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SECTION I: LIABILITY COVERAGE WAIVER FORM Cities obtaining liability coverage from the League of Minnesota Cities Insurance Trust must decide whether or not to waive the statutory tort liability limits to the extent of the coverage purchased The decision to waive or not to waive the statutory limits has the following effects: if the city does not waive the statutory tort limits, an individual claimant would be able to recover no more than S00,0o0. on any claim to which the statutory tort limits apply The total which all claimants gould be able to recover for a single occurrence to which the statutory tort limits apply would be limited to $1,1 00,000 These statutory tort limits would apply regardless of whether or not the city purchases the optional excess liability coverage If the city waives the statuto tort limits and does not purchase excess liability coverage, a single claimant could potentially recover up to $lio,000 on a single occurrence The total which all claimants would be able to recover for a single occurrence to which the statutory tort limits apply would also be limited to $1*o,000 , regardless of the number of claimants If the city 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 which all claimants would be able to 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 This decision must be made by the city council Cities purchasing coverage must complete and return this form to LMCIT before the effective date of the coverage. For further information, contact LMCIT You may also wish to discuss these issues with your city attorney Citv of Gem Lake accepts liability coverage limits of $1.500.000 from the League of Minnesota Cities Insurance Trust (LMCIT) Check one ® The city DOES NOT WAIVE the monetary limits on municipal tort liability established by Minnesota Statutes 46604 ❑ The city WAIVES the monetary limits on tort liability established by Minnesota Statutes 465 04, to the extent of the limits of the liability coverage obtained from LMCIT Date of city council meeting March 16, 2010 Signature Position Return this completed form to LMCIT, 145 University A ve. W., 5t. Paul, MN. 55103-2044 P:iLL� 16