(1) Vendor needs to provide property and liability insurance consulting services to the government authority located in Montana. – Meet with the District annually at least 150 days prior to policy renewal, to develop a strategy for dealing with adverse market conditions.– Assist in developing underwriting data and specifications for annual renewal negotiations.– The Broker is responsible for notification to the district of any changes to the conditions, endorsements or exclusions from the current policies in force.– Follow up with the insurers for timely issuance of policies and endorsements.– Review policies and endorsements for accuracy and conformity to specifications and negotiated coverages.– Deliver all renewed or new insurance policies in a timely manner, after carefully cross–checking coverages with expired policies.– Provide coverage summaries for all new insurance policies as well as written updates on changes to existing coverages.– Provide loss control assistance and develop unique loss control programs to address the specific loss experience and exposures of the district.– Prepare an annual report highlighting significant changes in the insurance program and summarizing key aspects of specific coverages, as well as the major services provided by the broker during the policy year.(2) All questions must be submitted no later than February 22, 2024.
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