Loading...
Skip to main content
< Back to results

JFRS Fiduciary Liability Insurance for 10/1/2020 - 9/30/2021


Location
Kentucky
Publication Date
07/29/2020 08:51 AM EDT
Closing Date
08/07/2020 04:30 PM EDT
Issuing Organization
Commonwealth of Kentucky - Retirement Systems
Solicitation Number
Description

Specifications include, but are not limited to: Fiduciary liability and defense cost insurance. The proposed insurance shall pay on behalf of the insured(s) all sums, which the insured becomes legally obligated to pay as a result of any actual or alleged breach of fiduciary duty or administration committed by an insured(s) or by any other person for whom the insured(s) are legally responsible. “Breach of fiduciary duty” shall be defined as, or similar to, the violation of any of the responsibilities, obligations or duties imposed upon fiduciaries by the common or statutory law of the United States of America or any state or other jurisdiction therein, including negligent acts, errors or omissions in giving counsel to participants and beneficiaries with respect to a Plan, interpreting a Plan, handling the records of, or effecting enrollment, termination or cancellation of participants under a plan. The proposed insurance policy shall also have the right and duty to defend any suit to which the insurance applies alleging a claim against the insured(s) even if the allegations are groundless, false or fraudulent. Any settlement must be with the consent of the insured(s).

Get instant access

Get instant access to solicitation details & future business opportunities.

to solicitation details & future business opportunities.

Get Access

Vendor packages with access to similar open solicitations

Matching bid notifications & access to all Statewide & Group bid details

Statewide

Matching bid notifications & access to all Statewide & Group bid details

Matching bid notifications from participating agencies

Group

Matching bid notifications from participating agencies

Access participating agency bids

Basic

Access participating agency bids