Government Contract | Texas
Brokerage Services for Placement of Master Property Insurance

Bid Information

Bid Alert No: 00000466574

Bid Title: Brokerage Services for Placement of Master Property Insurance

Agency Bid No. Title: 2016-717

Received Date: 01/26/2016

Close Date: 02/24/2016

Purchase Type: Not Stated

Delivery Point: Texas Tech University, Lubbock, Texas

Delivery Date: Not Stated

Special Notices: Questions Due By 01/27/2016 04:00 PM


Services include but are not limited to: 3.2.1 Implementation of Property Insurance Program a.Notify TTUS of new coverage provisions. b.Provide access to necessary insurance markets. c.Provide marketing recommendations. d.Assemble and format TTUSs data for consideration by insurance carriers. e.Identify carriers who can provide the insurance coverage and services required by TTUS. f.Prepare program specifications and underwriting submissions. g.Provide a written summary of quotations and declinations from insurance carriers including analysis and comparison of program alternatives with best recommendation. h. Confirm policies issued conform to specifications. i. Provide written policy outlines including but not limited to coverage type, policy number, insurance carrier, renewal date, and exclusions. j. Verify that rates and premiums are properly calculated and charged. k. Communicate information between TTUS Risk Management and selected insurance carriers including information regarding policy renewals and premium expectations. l. Request, implement, and monitor coverage changes requested by TTUS. 3.2.2 Policyholder Services Provided by Respondent a. Coordinate data gathering functions and processes between all parties. b. Attend meetings as requested by TTUS. c. Communicate with and secure all data required by insurance carrier or requested by TTUS. d. Review all existing coverage and make written recommendations to TTUS regarding any changes in coverage based on such things as possible passive retentions, gaps in coverage, duplicate coverage, restrictive limits, higher education industry trends, and projections and cost of coverage. e. Issue insurance binders, certificates, and policies when requested or required. f. Coordinate ongoing insurer services among parties. g. Verify the accuracy of any bills, audits, and other premium adjustments. h. Provide annual comprehensive loss history for all policies during renewal process 3.2.3 Loss Prevention Services a. Assist TTUS with inspections, tests, and loss prevention services. b. Ensure loss prevention services and recommendations are consistent with TTUS risk management objectives.

Bid Related Documents

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Product Codes: 91869, 95377, 95300, 95352

Agency Information

Issuing Agency: Texas Tech University

State: Texas

Agency Type: State and Local

Contact: Teri Floyd, Procurement Services Purchasing and Contracting, Box 41094, 361 Drane Hall, Lubbock, Texas, 79409

Fax: 806-742-3820




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