Specifications include, but are not limited to: maintain a claims loss ratio of not less than sixty percent (60%), and establish and maintain a “Claims Loss Ratio Compliance Fund” in the event that the claims loss ratio report submitted by the organization for any fiscal year indicates that the total claims loss ratio for all fiscal years under the contract with the State is less than 60%; administer the group monthly electronic statement file with payment deduction details, associated reconciliation of premiums paid, and claims administration and payment due at the vendor’s own expense and without administration assistance by the State; possess the capability to accept electronic transfer of employee eligibility information; provide ease of access to a secure web portal for enrollment, account information, and reporting; process and pay claims in a timely manner; offer state of the art administrative services; support the State with communication to all eligible employees about the Supplemental Benefits program.