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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 />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 SchneIle <br /> ~ Members of The City Council <br /> <br />RE: Worker Compensation Dividends <br />Pol. # 408-075-094 <br /> <br />Dear Members of The City Council: <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 />Enclosed is check f~om Crum & 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 los% 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 $11,344. 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 />oremium of $9,167 we find that the dividend is 16.5%. By combining the <br />~remium size discount along with the experience modification and the dividend <br />we find that thc total savings from standard manual premium of $11,344 <br />results in a premium of $7,650 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 /> Again, we are very proud to be able to provide this dividend check of $1,517. <br /> Thank you. <br /> <br />NLC/kdh <br />Enclosure <br /> <br /> <br />