HomeMy WebLinkAbout12-198 LMCIT Insurance Waiver
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 2 - 198
A RESOLUTION ELECTING NON WAIVER OF THE STATUTORY MUNICIPAL TORT LIABILITY LIMITS
AND DECLINING EXCESS LIABILITY INSURANCE COVERAGE
Motion By: Soukup Second By: Hedberg
WHEREAS, Minnesota Statutes 466.04 imposes limits on municipal tort liability; and
WHEREAS, The City of Prior Lake has the option to waive the protection of statutorily imposed limits
on what a claimant can recover in a tort liability action: and
WHEREAS, The League of Minnesota Cities Insurance Trust offers municipalities the option to
purchase excess liability insurance; and
WHEREAS, The Prior Lake City Council has evaluated whether to waive the limit on tort liability and
whether to purchase excess liability coverage for non - tort claims; and
WHEREAS, The City of Prior Lake has historically exhibited relatively low claims experience .
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE,
MINNESOTA that the City of Prior Lake hereby exercises the following elections with respect to the
available LMCIT insurance options:
The City of Prior Lake DOES NOT WAIVE the monetary limits on municipal tort
X liability established by Minnesota Statutes 466.04 effective for the 201 3 policy
year.
The City of Prior Lake declines excess liability coverage effective for the
X
201 3 policy year.
PASSED AND ADOPTED THIS 1 0 th DAY OF DECEMBER , 201 2 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager