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ANOKA COUNTY AGENCY, INC. d/b/a <br />INSURANCE SERVICE CENTER <br /> <br />I <br />I <br />I <br />! <br /> <br /> I <br /> I <br /> i <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />(612) 755-2300 <br /> <br />2601 COON RAPIDS BOULEVARD <br /> <br />COON RAPIDS, MINNESOTA 55433 <br /> <br />November 4, 1981 <br /> <br />Mr. Lloyd Schnelle <br />City. of Ramsey <br />15153 Nov~ben Boulevard <br />Anoka, M~_nnesota 55303 <br /> <br />RE: Minnesota Cities - SsYety Group <br /> <br />Dear I,] oyd: <br /> <br />Enclosed is a check in the amount of $850.24 which represents ~5.35% return of <br />your 1980 premlum. <br /> <br />At this time, the Home Insurance Company is making an early payment of the dividend <br />which on an annual basis is 30.70%. At this point, they are returning 50% Of that <br />dividend at 15.35% with the normal payment date between March and June of 1982 to <br />be an additional check for 25% of the total annual dividend. This means that with <br />thel payment of the enclosed cheek, the check that will come early in 1982, you <br />will have 75% of the dividend paid to you. The final 25%is going to be held for <br />an additional twelve months and paid at that time. <br /> <br />This dividend reflects payments on all lines of insurance written by the Home <br />Insurance Company. <br /> <br />In checking at this late date on the 1981 experience, the Safety Group is having <br />with the Home Insurance Company, it appears that a dividend will be declared in <br />approximately the Mount being used at this time as the experience has been <br />excellent. <br /> <br />Thank you. <br /> <br />Sincerely yours, <br /> <br />Newell L. Chester <br />President <br /> <br />NLC/df <br />enclosure <br /> <br /> <br />