yearly service contract for international travel insurance last day for questions 11/3/2026

The University of New Orleans is soliciting bids for a yearly service contract to provide international travel insurance for students, faculty, staff, and other participants in study abroad and international educational travel programs. The contract covers an estimated 350 to 450 participants annually with stays ranging from two weeks to one year. Required coverage includes medical benefits up to 500,000 dollars with no deductible, emergency medical evacuation, repatriation, disrupted travel arrangements, and remote mental health and telemedicine services. The selected provider must maintain a financial rating of at least A- and an A.M. Best Financial Size Category of at least VI, and must ensure a communication response time of no more than 24 hours. The award will be made on an all-or-none basis to the lowest responsible and responsive bidder. The initial contract may be extended for four additional twelve-month periods, with a maximum total duration of 60 months. Bids must be submitted in a sealed envelope to the Purchasing Office by November 12, 2026, at 2:00 PM, with the deadline for questions set for November 3, 2026. The agreement is governed by Louisiana law and includes provisions for termination for convenience with 60 days notice or for non-performance with 30 days notice. Additionally, other Louisiana governmental agencies may piggyback on the contract terms if the awarded bidder agrees.