Specifications include, but are not limited to: Negotiation and placement of insurance contracts tailored to the University’s needs, as and when required on broadest available terms and conditions for premiums commensurate with state of insurance market, and the exposures identified in the loss exposure survey. Act as MSU’s agent in obtaining the required insurance coverage at the least possible cost for the University. Placement of coverage with sound, AM Best Financial Strength Rating (FSR) of A rating or better, licensed to transact business in Montana. Timely and accurate insurance documentation requests. Timely and relevant information on the status of the insurance market including available coverage, terms, conditions and pricing. Maintenance of accurate up to date insurance summaries for each insurance policy administered. Either internally or by insurers, quarterly loss histories, representing updated loss data. In person meetings with on-campus consistent annually or deemed necessary by Montana State University.