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

Bid Information

Bid Alert No: 00000516492

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

Agency Bid No. Title: 1600000344

Received Date: 03/17/2016

Close Date: 04/01/2016

Purchase Type: Not Stated

Delivery Point: Kentucky

Delivery Date: Not Stated

Special Notices: Questions Due By 03/21/2016 10:00 AM


Specifications include, but are not limited to: The real and business personal property of the Commonwealth of Kentucky is covered for loss through a self-insurance program known as theKentucky Fire & Tornado Fund (F&T). Although entitled the Fire & Tornado Fund, the F&T Fund program insures the states real and businesspersonal property on an all-risks basis subject to exclusions and limitations. Coverage is provided on replacement cost basis or actual cashvalue basis. Inland Marine coverage is also available for scheduled items. The program pays for losses in excess of a per agency/per claimdeductible of $1,000. The F&T self-insures the first $1,000,000 per occurrence of loss; excess limits of insurance are procured from the privateinsurance market up to a total of $1,500,000,000. 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 vendor to perform annual actuarial services for the Kentucky Fire & Tornado Fund.Those actuarial services will include the development of recommended rates for the next policy term, per year of service.

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 195, Frankfort, Kentucky, 40601

Phone: 502-564-4932



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