(1) Vendor needs to provide captive management services to the government authority located in Arkansas.– A study it is conducting concerning possible revision of the property insurance programs providingcoverage to state–owned property– To provide comprehensive management services– The Captive will selfinsure a portion of the state’s property insurance for all state–owned buildings, including public education facilities and higher education institutions.– Prepare and file statutory financial statements with the regulatory authorities in the domicile jurisdiction.– Manage the invoicing and collection of premiums from the state– Manage loss and expense reserves, ensuring adequate funding for potential liabilities and appropriate payment of claims– Coordinate with external auditors to prepare for and manage annual audits as required by regulatory authorities– Monitor changes in regulatory environments and ensure the captive complies with updated rules, including solvency requirements and financial regulations(2) All questions must be submitted no later than January 10, 2025.
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