Providing superior coverage is a goal for the League of Minnesota Cities Insurance Trust (LMCIT). Coverages are reviewed on an ongoing basis to ensure that emerging and new city needs are met. Providing rate stability during the long term is also a leading goal. This is accomplished through a mix of low operating cost, investment income, loss control education and services, and LMCIT's nonprofit philosophy. LMCIT collects premiums to pay for claims and lawsuits experienced by members, and once those costs are covered, remaining funds are used to build the members' fund balance and to provide a responsible dividend when appropriate.