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LM IT LIABILITY COVIERAGE -WAIVER FORM <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 <br /> waive or not to waive the statutory limits has the following effects: r . <br /> 4m If the city does not waive the statutory tort limits, an individual claimant would be able to recover no <br /> on an claim to which the statutory tort limits apply. The total which-all claimants <br /> more than $�oo,000 y <br /> would be able to recover for a single occurrence to which the statutory tort limits apply would be-limited <br /> d <br /> to limits would apply regardless of whether or not the city purchases the <br /> to$750,000. These statutory pF <br /> optional excess liability coverage. <br /> ' statutory tort limits and does not purchase excess liability coverage, a single <br /> � the�� waives the <br /> potentially recover u to $750,000 on a single occurrence. The total which all claimants <br /> claimant could po y l� <br /> mould be able to recover for a single occurrence to which the statutory tort limits apply would also he <br /> limited to $7501,000, regardless of the number of claimants. <br /> If the city Ives the statutory tort limits andpurchoses excess liability coverage, a single claimant <br /> ll recover an amount u to the limit of the coverage purchased. The total which all <br /> could potentially � � t r � r �• uld <br /> claimants ou <br /> ld be able to recover for a single occurrence to which the statutor tort limits apply o <br /> also be limited to the amount of coverage purchased, regardless of the number of claimants. <br /> ' the statutory municipal tort limits do not apply are not affected by this decision. <br /> Claims to which � p <br /> • - must be made h�•the city council. Cities purchasing coverage must complete and return <br /> This dectsxo:� <br /> this form to LIMIT bcfc <br /> �• : ztYe effective date ;she �cragc. Foi further Informaimn. C,uniLa%n LNICIT <br /> You ma y also wish to discuss these issues with your city attorney. <br /> • accepts liability coverage its of from the League of <br /> The City of F y <br /> Minnesota Cities Insurance Trust (LMCIT). <br /> 'heck ore: <br /> The city DOES NOT NAIVE the monetary limits on municipal tort liability established <br /> by M irme sots Statutes 466.04. <br /> The city WAIVES the monet ary limits on tort liability established by Minnesota Statutes <br /> 466.0 <br /> 4,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 oomple <br /> fed orm to LM IT} 145 University Ave. W., St. Paul, MN. 55103-2044 <br /> Page 'I o f l <br />