HomeMy WebLinkAbout20071217 - VI-19MEMO
VI-19
TO: Honorable Mayor and City Council members
FROM: Charlene Stark, Finance Director
RE: Liability Coverage-Waiver Form
DATE: December 7, 2007
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Cities obtaining liability coverage from the League must decided whether to or not waive
the statutory tort liability limits to the extent of coverage purchased. It has been the
City's practice to opt for the waiver and to purchase excess liability coverage.
Attached is the Waiver Form from the League which may provide more of a description
of the council's choices.
If you should have questions regarding this information, please feel free to contact me.
Council Action Requested
As in prior years, the council is asked to waive the monetary limits on tort liability
established by MN Statutes 466.04, to the extent of the limits of the liability coverage
obtained by LMCIT.