HomeMy WebLinkAbout~Master - Renewal of Group Life and Long-Term Disability Insurance Coverage RESOLUTION NO. 12-285
RESOLUTION ACCEPTING PROPOSAL FROM NATIONAL INSURANCE SERVICES
FOR CONTINUING CURRENT GROUP LIFE
AND LONG-TERM DISABILITY POLICIES
FOR THE CITY OF AMES,IOWA
WHEREAS,National Insurance Services (NIS)has provided the City's employee benefits
for Group Life and Long-Term Disability(LTD)insurance since 2003,and it is the managing general
agent and administrator for a group program which covers numerous public sector accounts,
including the City of Ames; and,
WHEREAS,the Life and LTD program for the City and other public entities is underwritten
by Madison National Life Insurance Company; and,
WHEREAS,these two policy renewals were last approved by the City Council for three-year
terms from July 1, 2009, through June 30, 2012; and,
WHEREAS, last year, the City received notification from the insurer that rates would be
decreased by 15.25% for the Group Life coverage and 4.8% for the LTD coverage, retroactive to
July 1, 2011; and,
WHEREAS, Madison National offered to guarantee these reduced rates through June 30,
2014; and,
WHEREAS, besides the rate reductions, NIS and Madison National have provided
responsive administrative support and excellent claims service,which are very important factors to
consider in evaluating this type of group insurance program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the proposal from National Insurance Services for continuing the current group life and long-
term disability policies with rates guaranteed for the period of July 1,2012,through June 30,2014,
is hereby approved.
ADOPTED THIS 12th day of June, 2012.
44—�.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Davis
Seconded by: Szopinksi
Voting aye: Davis, Goodman, Larson, Orazem, Szopinski, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 12th day of June, 2012.