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MB-3448 - USA (New York) - Licensed Insurance Sales Representative for Workers Compensation and Excess Workers Compensation Policies - Deadline October 7,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-3448

Government Authority located in New York; USA based organization looking for expert vendor for licensed insurance sales representative for workers compensation and excess workers compensation policies.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide licensed insurance sales representative for workers compensation and excess workers compensation policies,
- Seeks to obtain policies from carriers licensed to process all claims in accordance with all local, state and federal laws using the highest level of professionalism,
- The County’s insurance program includes a self-insured retention on all claims with Excess Workers Compensation Coverage applicable if the retention is met,
- The County desires to retain the services of Brokers who can: procure Excess Workers’ Compensation and Employers Liability Coverage, advise and consult with the County on Workers’ Compensation issues,
- The services performed upon contract shall include but not be limited to the following by individuals who possess the ability to perform the following tasks:
- Complete insurance applications,
- Review the applications with the County prior to submission to the insurance company,
- Ability to assemble necessary information and obtain quotes for Excess Workers Compensation insurance coverage,
- Timely delivery of insurance binders, policies, endorsements and digital copies no later than sixty (60) days after policy inception date,
- Verify the accuracy of policy language, coverage endorsements, exclusions and other terms and conditions consistent with placement noting variations from the previous policy term, prior to sending to County,
- The broker shall issue a quotation analysis report with recommendation for award. The County encourages the broker to access as many viable markets as possible in order to obtain favourable and competitive quotations,
- The report shall assess insurance company stability, solvency and service records; be issued no later than sixty days prior to policy expiration; Identify which markets were approached, their quotation or declination and reason, and premium,
- Work with the County and the County’s Actuary to determine plan budgeting,
- Work with the County to determine plan cost allocation among participants,
- Assist the County with Payroll Auditing,
- Assist the County with Individual Plan Participants relations and presentations,
- Provide Underwriting services for new and existing participant evaluation,
- Assist the County with the Annual Plan Meeting,
- Negotiate with carriers on cost of coverage including comparisons of costs to other similar communities,
- Provide Safety and Risk Management training and education,
- Assist with financial reporting if necessary,
- Work with claim administrator to provide necessary claim analysis,
- Consult with department supervisors on coverage, risk reduction and risk transfer costs,
- Periodically survey the insurance market to ensure coverage placement is appropriate,
- Monitor insurance companies for financial solvency,
- Any other service as requested by the County for the purpose of insurance purchase and risk management as related to Workers Compensation,
- Brokers must fully examine the scope of services, data coverage, and tasks and deliverables offered.
(2) All the questions must be submitted no later than September 25, 2019.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Monday, 7 October, 2019

Question Answer Deadline : Wednesday, 25 September, 2019

Category : Medical Billing and Coding

Country : USA

State : New York

Cost to Download This RFP Document : $ 5

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