City of Credit River Agenda Packet 2026-06-01
City Confirms LMCIT Liability Coverage and Tort Caps
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Description
The City of Credit River approved its annual liability coverage election with the League of Minnesota Cities Insurance Trust, opting not to waive statutory municipal tort limits under Minn. Stat. 466.04 for the upcoming coverage period. This maintains capped liability exposure while continuing existing insurance coverage.
Contract Details
Vendor
LEAGUE OF MINNESOTA CITIES INSURANCE TRUST LMCIT
Agency
City of Credit River, MN
Contract Type
INSURANCE
Document Date
June 1, 2026
Contract Term
Annual liability coverage; waiver decision effective for policy year beginning June 1, 2026
Renewal Date
2027-06-01
Renewal Info
Coverage with LMCIT and the related tort limit waiver election are reviewed and approved annually by the City Council.
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