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ANOKA COUNTY AGENCY, INC. d/b/a <br />INSURANCE SERVICE CENTER <br /> <br />(612) 755-2300 <br /> <br />2601 COON RAPIDS BOULEVARD <br /> <br />COON RAPIDS, MINNESOTA 55433 <br /> <br />September 9, 1980 <br /> <br />The City of Ramsey <br />15153 Nowthen Blvd. <br />Anoka, Minnesota 55303 <br />ATTN: Mr. Lloyd Schnelle <br /> g Members of The City Council <br /> <br />RE: Worker Compensation Dividends <br />Poi. # 408-075-094 <br /> <br />Dear Members of The City Council: <br /> <br />It is with a great deal of pleasure that we again provide you with a dividend <br />under the worker compensation program we have arranged for the City of Ramsey. <br /> <br />Enclosed is check from Crum g Forster Insurance Companies in the amount of <br />$1,517, which represents the dividend that you have earned on the policy by <br />relating the premium size to the loss experience. <br /> <br /> In analyzing the premium for workers compensation paid from 9-19-78 to <br /> 9-19-79 we find that the standard manual premium Was $1i,344. After a <br /> credit for the experience modification of 9% and also a premium size discount <br /> of 11.2% that the total discounted premium was $9,167. On this figure the <br /> dividend was calculated and by comparing, the $1,517 to the total discounted <br /> ~remium of $9,167 we find that the dividend is 16.5%. By combining the <br /> premium size discount along with the experience modification and the dividend <br /> we Find that the total savings from standard manual.premium of $11,344 <br /> results in a premium of $?,650 to the City of Ramsey. This is a considerable <br /> savings and is due to the good experience that the City of Ramsey has gained <br />-through its concern about safety on the job for its employees. <br /> <br />Again, we are very proud to be able to provide this dividend check of <br />Thank you. <br /> <br />$1,517. <br /> <br />NLC/kdh <br />Enclosure <br /> <br /> <br />