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Statewide Property Insurance


Location
Kansas
Publication Date
05/13/2020 12:35 PM EDT
Closing Date
06/05/2020 03:00 PM EDT
Issuing Organization
State of Kansas - Department of Administration
Solicitation Number
Description

Specifications include, but are not limited to: The coverage noted must be afforded by an insurance policy filed for the company's use in the State of Kansas pursuant to K.S.A. 40-216. Each bidder must provide a sample or specimen copy of the policy he intends to utilize if awarded the bid. Failure to do so may be cause for rejection of the bid. Each bidder shall agree to furnish, if such bid is accepted, a binder of such coverage on or before the aforementioned date. Premium shall be quoted on an annual payment basis. Any insurance issued as a consequence of this invitation to bid shall be for a three-year (3) period beginning 12:01 a.m., July 1, 2020, to 12:01 a.m., July 1, 2023. Each bidder shall agree to furnish, if such bid is accepted, a binder of such coverage on or before the aforementioned date. Premium shall be quoted on an annual payment basis. Bidders may bid an annual policy, annual policy (not to exceed three years) subject to annual rerate or annual policy terms with guaranteed three-year premiums/rates. The State prefers three (3) year policy terms and may give preference to this option. If a multi-year policy is being bid, an exact definition of how second and/or third year premium charges would be calculated must be identified.

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