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Auto Liability Reinsurance


Location
South Carolina
Publication Date
12/06/2018 01:34 PM EST
Closing Date
12/21/2018 11:00 AM EST
Issuing Organization
State of South Carolina - Office of Materials Management
Solicitation Number
Description

Specifications include, but are not limited to: The State Procurement Office intends to solicit bids from qualified providers on behalf of the Insurance Reserve Fund (IRF) so a contract can be established in accordance with ยง1-11-147 of the SC Code of Laws. This contract will provide the IRF with 100% reinsurance on the automobile policies issued by the IRF. Such an arrangement is not subject to South Carolina Premium Tax. In all other respects, the successful bidder will function as a direct insurer and will provide claims, engineering, and reporting services as specified in this document, and will commit all necessary information technology resources in order to provide for the transmission of data between themselves and the IRF.

Source
http://webprod.cio.sc.gov/SCSolicitationWeb/solicitationSearch.do (opens in a new window)

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