UNSPSC 64122007: Modified guaranteed annuity policy

A deferred annuity for which the underlying assets are held in a separate account, but the contract values are guaranteed if held for a specific time

UNSPSC 64122007 Modified guaranteed annuity policy is a Commodity code that encompasses insurance product and administrative services state and local governments procure for employee health benefits programs, retiree coverage, and risk transfer arrangements. Recent state and local solicitations show this code capturing a broad range of health-related insurance procurement activity, though the sourced opportunities reveal significant misalignment between the code's nominal scope and actual buying patterns—state and local bodies are issuing RFPs and RFQs for medical insurance administration, pharmacy benefit management, employee assistance programs, dental and vision coverage, life and disability insurance, stop-loss reinsurance, and various insurance brokerage and consulting services, none of which directly reference annuity products. The issuing bodies span city governments (Tucson, Richardson, Lubbock, Orlando, Sarasota, Waxahachie, Doral, Wheat Ridge, Sarasota), counties (Gwinnett County, Hall County, Okaloosa County, Orange County, Volusia County, Rockland County, Greenville County, Collier County, Pinellas County), school districts (Garland ISD, Northside ISD, Manor ISD, Schertz-Cibolo-Universal City ISD, Sarasota County Schools), state agencies (Texas Education Agency, South Dakota Division of Insurance, Mississippi State Department of Health, University of Texas System), transit and special-purpose authorities (Illinois Tollway, Central Health, Buckman Direct Diversion Board), and public universities. Repeat activity appears across multiple independent school districts and city governments, particularly in Texas.

Geographic concentration is heaviest in Texas, Georgia, and Florida, with secondary activity in Arizona, Colorado, Illinois, Kentucky, Mississippi, New Mexico, Oregon, Pennsylvania, and South Carolina. Representative recent solicitations include the City of Tucson's May 2026 RFQ for specific stop-loss insurance covering 4,508 employees with a requested deductible of $1.1 million (response due May 19, 2026); Northside Independent School District's April 2026 RFP 2026-076 for Medical TPA and Pharmacy Benefit Management Services for approximately 18,000 covered members (proposals due May 6, 2026); Gwinnett County's May 2026 sealed proposal solicitation for retiree Medicare Advantage plans effective January 1, 2027 (due June 8, 2026); and the South Dakota Division of Insurance's July 2026 RFP for market conduct examination services of insurance companies (due September 1, 2026). The code shows no recent relevant activity aligned to its nominal annuity-policy scope; state and local procurement under this classification is dominated instead by benefits administration, insurance carrier selection, and risk management contracting, indicating either persistent taxonomy misclassification in state procurement systems or a fundamental gap between UNSPSC code intent and state and local buying behavior.