HomeMy WebLinkAbout~Master - Renewal of life and long-term disability insurance coverages RESOLUTION NO. 09-300
RESOLUTION APPROVING RENEWAL OF GROUP LIFE,VOLUNTARY LIFE,AND
LONG-TERM DISABILITY INSURANCE COVERAGES
FOR THE CITY OF AMES
WHEREAS, the insurance policy for the City's group life, voluntary life, and long-term
disability coverages expires on June 30, 2009, and National Insurance Services, with the plan
underwritten by Madison National Life, has provided this coverage since July 2002; and,
WHEREAS,National Insurance Services specializes in working with public sector accounts,
and Madison National Life has an A.M. Best rating(excellent); and,
WHEREAS,the proposal for the July 1,2009,to June 30,2012,policy year includes a 10%
rate decrease due to favorable claims experience and a three-year rate guarantee—a savings of
approximately$21,324 annually.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the renewal of Group Life,Voluntary Life,and Long-Term Disability insurance coverages with
National Insurance Services for July 1, 2009, through June 30, 2012, is hereby approved.
ADOPTED THIS 23rd day of June, 2009.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Mahayni
Seconded by: Goodman
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 23' day of June, 2009.