Government Contract | Kentucky
Actuarial Services for the Kentucky Fire & Tornado Fund

Bid Information

Bid Alert No: 00000429687

Bid Title: Actuarial Services for the Kentucky Fire & Tornado Fund

Agency Bid No. Title: 1600000142

Received Date: 12/02/2015

Close Date: 12/17/2015

Purchase Type: Not Stated

Delivery Point: Kentucky

Delivery Date: Not Stated

Special Notices: Bidder Preregistration


Specifications include, but are not limited to:The real and business personal property of the Commonwealth of Kentucky is self-insured through a program known as the Kentucky Fire & Tornado Fund (F&T). Although entitled Fire & Tornado Fund, the F&T Fund program insures the states real and business personal property on an all-risks basis subject to exclusions and limitations. Coverage is provided on replacement cost basis or actual cash value basis. Inland Marine coverage is also available for scheduled items. The program pays for losses in excess of a per agency, per claim deductible of $1,000 for buildings and $500 for Inland Marine. The F&T self-insures the first $1,000,000 of loss and excess limits of insurance are procured from the insurance market up to a total of $500,000,000. The F&T utilizes ISO Loss Costs in its rate calculation algorithm. This Request for Proposal (RFP) is being issued for the purpose of procuring a qualified, professional vendor to perform actuarial services for the F&T. Those actuarial services will assist in the development of recommended rates for the next policy term.

Bid Related Documents

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Product Code: 94612

Agency Information

Issuing Agency: Commonwealth of Kentucky - Office of the Controller

State: Kentucky

Agency Type: State and Local

Contact: Holly Callaghan Office of Procurement Services, Capitol Annex, 702 Capitol Ave, Room 095, Frankfort, Kentucky, 40601

Phone: 502-564-4932



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