HomeMy WebLinkAbout18-014 2018 LMCIT Insurance Non-Waiver
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 18-014
A RESOLUTION ELECTING THE NON WAIVER OF STATUTORY MUNICIPAL TORT
LIABILITY LIMITS AND DECLINING EXCESS LIABILITY INSURANCE COVERAGE
Motion By: McGuire Second By: Braid
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 (LMCIT) 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 RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA that the City of Prior Lake hereby exercises the following elections with respect to
the available LMCIT insurance options:
X
The City of Prior Lake DOES NOT WAIVE the monetary limits on
municipal tort liability established by MN Statutes 466.04 effective for the
2018policy year.
X
The City of Prior Lake declines excess liability coverage effective for the
2018 policy year.
PASSED AND ADOPTED THIS 16th DAY OF JANUARY 2018
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager
LIABILITY COVERAGE – WAIVER FORM
LMCIT members purchasing coverage must complete and return this form to LMCIT before the effective date of
the coverage. Please return the completed form to your underwriter or email to pstech@lmc.org
This decision must be made by the member’s governing body every year. You may also wish to discuss these issues with
your attorney.
League of Minnesota Cities Insurance Trust (LMCIT) members that obtain liability coverage from LMCIT must decide
whether to waive the statutory tort liability limits to the extent of the coverage purchased. The decision has the following
effects: