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Agenda - Council - 01/08/2013
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Agenda - Council - 01/08/2013
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3/18/2025 9:02:43 AM
Creation date
1/9/2013 12:26:17 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
01/08/2013
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z <br />NG & INNOVAT <br />CONNECT <br />INCE 1913 <br />C}, O9W_ <br />wZ H <br />C) z 0 <br />1.44 <br />LMCIT Liability Coverage Options <br />On a liability claim to which <br />the statutory limits do not apply <br />This is the maximum amount of damages which LMCIT would <br />pay on the city's behalf for a single occurrence, regardless of <br />the number of claimants. <br />0 <br />0 <br />0 <br />0 <br />0 <br />1-1 <br />0 <br />0 <br />0 <br />0 <br />0 <br />V <br />t- <br />000`005`Z$ <br />000`00S`Z$ <br />This is the maximum total <br />amount that all claimants could <br />recover on a single occurrence- <br />$1,500,000 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />On a liability claim t <br />the statutory limits <br />69 <br />69 <br />V) <br />This is the maximum <br />amount a single claimant <br />could recover on an <br />occurrence- <br />000`00S$ <br />0 <br />0 <br />0 <br />0 <br />0 <br />in <br />H <br />beiL <br />000`00S$ <br />000`00S`Z$ <br />Coverage structure <br />If the city: <br />Does not have excess coverage & <br />Does not waive the statutory limits <br />Does not have excess coverage & <br />Waives the statutory limits <br />Has $1,000,000 of excess coverage & <br />Does not waive the statutory limits <br />Has $1,000,000 of excess coverage & <br />Waives the statutory limits <br />651) 281-1298 <br />PHONE: (651) 281-1200 <br />: WWW LMC.ORG <br />TOLL FREE: (800) 925-1122 <br />L` <br />
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