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268924 WHITE - CITV CLERK COUIICII �� C NARV - DEPA TMENT. J. Devlin GITY OF S-AINT PALTL � BLUE - MAYOR File� NO. � -� Co ci Resolution . Presented By Referred To Committee: Date Out of Committee By Date Wherea.s, the Minnesota Mutual Life Insurance Company provides optional life insurance in varying amounts from 1,000 to 45,000 for City employees. Said policy provides double indemnity in the event of accidental death, and Wherea.s, the Minnesota Mutual Life Insurance Company has ma.de certain recommendations to protect the dividends produced by this policy by pooling the risk of accidental death, now there- fore be it Resolved, that the Minnesota Mutual Life Insurance Company prepare the proper endorsement� to their policy 4�365379G which will totally pool the Accidental Death and Dismemberment benefits in such a way that the premiums will not be included in the dividend calculation nor will the claims or expe�ses incurred by the Accidental Death and Dismemberment benefit effect the dividend calculation, and be it finally - Resolved, that the City Clerk will send a copy of this Resolution to the Minnesota Mutual Life Insurance Company. COUNCILMEN Requested by Department of: Yeas Nays `. Butler �U In Favor Hozza Hunt � Levine __ Against BY Rcedler Spl+�es,t�r Tedesco —�PR 1 9 t97�� Form ppro ed by 't Attorney Adopted b ouncil: Date � Cert� ed Passe b ounci Secretary� BY Appr d by Mayor. Dat � APR 2�2 Appro e by Mayor for S m sion to Council By BY ' PUEL!S�,rn RPR � � 197T ' • ' , . • . e������ , . � - . � � � � � � O� Q�I:. 1Z/1975 �� � ^ . , R�v. : 9/8/T6 �; �. EX�LANAT�ON OF ADM�t�ST�iA►TIV� �DERS, �; 4 �, • RESQLUTIQI�S�, �il� OFtbINA1�ICES . . . . � - M . �I' ., � . . . . . . . .. , . . . . . . . .' ... . � .. . . . . � .. Y�.. - � , .. . . . . . . . .. . � - � . ' ` i..: Date: A�ril 7, 1977 ,' � � � . � . i;': . ' . .. . . . . .. . . . . � �t'. . . . . . . . . � . ,. � .. . . .. . .��,; . _. . . . . . . � . �' .,.,�. . � . . � . . . . . . . ... )A:. RECEIVE � �ro: �vr.A�rQR c���� ��,^ru��x _ ���h�. � � i977 � 4 . , : ; . ; � . FR: J. Devl#n MAYO�R� � � RE: ; : �. Opt�o�a�. .�laYee I�i€�e In�ur�nca _ . . �. • . • �� �. . �. _ .:r _ : , � . � ACT�ON REQU`ES?�D: • �' . �. Reque�t Gouaci� to authori�at l�finaesots M�tual to mend t�air c�tra�¢ti. � . , � � . ' , � � . . - � � � � .� � � ' � � F, . . . . . � . _ . � . . . . .. . . � . . � � ' PURPC�E AN]) RATIQNALE F(JR THIS.AGxiQN:• � � . __ . . __.�-� ; . To p��rtecc +���ands a��aed by tht� pal3ay► bg rewov� th� ri�r�,f : � larga claias �h3ch c�uld acern+� tar aec�d�ttsl ��e�, ' , � � . � . ' ' , , . . � Y'. � . � � . ' . . . �. . . . . . .. � . . .. � � � � � ��, . . . . . . . . .. . ' ' � . . . '. ;..} . � . . . . . .. . .. . . . . . •� - . � �.. . . � ' . � . . . . . . �'./ . . . . ... . . . . , .1 ATTACHMENTS; ' ;� , <x �ropoeed reQOlntion. . , �