Government Contract | South Carolina
Auto Reinsurance

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Bid Information


Bid Alert No: 00000483466

Bid Title: Auto Reinsurance

Agency Bid No. Title: 5400010885

Received Date: 02/15/2016

Close Date: 03/07/2016

Purchase Type: 3 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 02/16/2016 11:00 AM, Pre-Bid Conference Optional 02/16/2016 10:00 AM, Bidder Preregistration

Specifications

Specifications include, but are not limited to:The intent of this bid invitation is to establish a contractor to provide the Insurance Reserve Fund with 100% reinsurance on the automobile liability policies issued by the IRF. Such an arrangement is not subject to South Carolina Premium Tax. In all other respects, the successful bidder will function as a direct insurer and will provide claims, engineering, and reporting services as specified in this document. A bid may be submitted directly by a reinsurer or reinsurers. An agent, broker, or intermediary may submit a bid on behalf of a reinsurer; however, Agents, brokers, and intermediaries will not be considered bidders and are not intended to be parties to the contract between the Insurance Reserve Fund and the reinsurer(s). The successful bidder may use any counsel of its choosing so long as that counsel does not represent parties against the State or any insured of the IRF. A list of approved counsel that meets this criterion will be available to the successful bidder. 2. General Provisions a. A bid may be submitted directly by a reinsurer or reinsurers. b. A bid may be submitted on behalf of a reinsurer by an agent, broker, or intermediary. c. Each bid shall be signed by a person authorized to bind each participating reinsurer to the reinsurance agreement. d. Agents, brokers, and intermediaries will not be considered bidders and are not intended to be parties to the contract between the Insurance Reserve Fund and the reinsurer(s

Bid Related Documents

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Bid Related Attachments

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Product Codes: 95306, 95333, 95379, 95330, 95354

Agency Information


Issuing Agency: State of South Carolina - Office of Materials Management

State: South Carolina

Agency Type: State and Local

Contact: 1201 Main St., Suite 601, PO Box 101103, Columbia, South Carolina, 29201

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