Bidder shall provide all of the services listed below for the Plan: 4.2.1. Administrative Services for the Plan • Reinsurance mechanism • Management services to the Board, such as regular management reports on losses, policy count, market share of the Plan and similar reports • Interaction with ratemaking bureaus, statistical agents, governmental agencies, etc. • Supervision of subcontractors providing services to Plan insureds • Interaction with licensed producers and brokers • Communication with the Board • Preparation for and conduct of Board meetings 4.2.2. Application Processing Services • The establishment of needed rules and processes to accept applications for coverage in the Plan. • The review of applications for accuracy, completeness and potential fraud, and binding of coverage in accordance with Plan rules. 4.2.3. Selection and Oversight of Servicing Carriers, if Any • The establishment of a means of selecting servicing carriers to provide policy services, underwriting, loss prevention, claims, premium collection and audit services if the Bidder is unable or chooses not to provide these services itself, and the process the Bidder shall use to monitor the performance of such selected servicing carriers...
