HomeMy WebLinkAboutAgenda Report - July 7, 1982 (48)CITY ':-'OUNCIL MEFiTING .
.JULY 71 1982
RENEWAL OF Following introduction of the matter by Staff,
PREMIUMS FOR EXCESS Council on motion of Mayor Pro Tempore Murphy,
COVERAGE WORKERS Pinkerton second, approved the renewal prernium
COMPENSATION for the City's Excess Workers Compensation. The
renewal figures with a $5,000,00 limit and a
$100,000 retention are:
1. Rate - .2473
2. Minimum - $11,850
MR
Deposit - $14;275
June 16, 1982
Mr. Jerry L. Glenn
Ass't. City Manager
CITY OF LODI
221 W. Pine
Lodi, CA 95240
Re: Excess Workers Compensation
Employers Reinsurance #C -21153-R
Dear Jerry:
I'm pleased to inform. you that once 'again, the
renewal premium for thi .-Ity's Excess workers
Compensation has been `reduced.
The renewal figures with a $5,000,000 limi'*,.and
a $100,000 retention
1. Rate _ . 24,,1V x
2. Minimum - $11;850
3.. Deposit $4 275.442
'
This`is a 10% reduction over las. years:"'which I
am sure the City -can Use.
As I will be out. off, toWp_oJul yA l st when this
policy expires, I have ordered its renewal and
will deliver it to you upon my return.
Best regards,
JIM EPSON
JE;bjd
cc: Bob Holm, City of Lodi
1332 SOUTH FAIRMONT AVENUE a LODI, CALIFORNIA 95241 0 P-0- BOX 188 • 209139$3,3