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Life and AD&D Insurance Underwriting

Active
State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

General Info

Place of Performance

NY, USA

Set-Aside

NONE

Documents

This scope was carved out of 2140415.

The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Life, AD&D & LTD Insurance Services

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Timeline

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Organization & Contact Information

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AgencyState University of New York (SUNY)
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Provides insurance coverage and financial backing for Basic Life and Accidental Death and Dismemberment (AD&D) policies for prime contractors on SUNY Fashion Institute of Technology projects. Underwrites risk for full-time employees, issues policies, and maintains capital reserves for claim payouts. Requires New York State insurance carrier licensure. Delivers active insurance policies and coverage.

Similar Contracts

Same NAICS industry code

NAICS: 524113
New
SLED
Insurance, Group Life and Disability
Solicitation # RFP- 26 - 338
The City of St. Petersburg is seeking proposals from a single licensed insurance carrier to provide Group Life and Disability insurance services for approximately 3,225 active employees and 562 retirees. The scope of work includes the administration of Basic Group Term Life, Voluntary Supplemental Life, Voluntary Personal Accidental Death and Dismemberment, and Long Term Disability plans. Additionally, the selected vendor must provide administrative services for the City's self-insured Short Term Disability plan. Eligibility for these plans extends to full-time employees, certain temporary employees, elected officials, and retirees, with specific insurance schedules for those covered by collective bargaining agreements. The City requires that current plan designs be matched completely, though additional voluntary options will be considered. The contract will be awarded to the most qualified vendor based on a weighted evaluation of qualifications, plan design, administration services, and cost. The successful offeror must be a licensed insurance carrier per the Florida Office of Insurance Regulation and cannot be an agent or broker. Key performance requirements include acknowledging claims within two business days and providing a toll-free customer service line. The agreement features an initial term with rates firm for three years, with the City reserving the right to extend for two additional one-year periods. Non-negotiable terms include the City's refusal to agree to binding arbitration, waivers of legal remedies, the award of attorney's fees to prevailing parties, or limits on vendor liability.
Human Resources

POSTED

about 24 hours ago

DEADLINE

in 25 days
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