Specifications include, but are not limited to: 3.3.1. Marketing and obtaining quotations for each policy, reporting on an insurer’s financial status, and placing and servicing the desired insurance coverages. 3.3.2. Annually providing carrier loss runs covering minimum of five years for each policy at least 60 days before expiration of each coverage, including any prior year with open losses. If HIPPA prohibits detailed loss runs, the carrier or broker shall provide the loss run information without claimant names but shall still include status, number of claims, and paid, reserved, and incurred dollars. If for any reason a carrier will not provide this information, the broker must write to the Director of Insurance to explain why loss runs cannot be supplied and request an exception to this requirement. The Office may change the loss frequency at its discretion, at any time. Where possible, loss runs should be provided in Excel format. 3.3.3. Act as an advocate for the Office in communications with the insurers, intermediaries, and any other subcontractors. The Insurance Broker is expected to negotiate with insurance brokers and intermediaries to obtain the lowest possible fees. 3.3.4. Offer creative solutions and innovative suggestions for the Office to consider.