UNSPSC 64122303: Fiduciary liability insurance contract

Covers against potential claims arising arising from lawsuits against pension benefit administrators that are accused of not acting in accordance with the referring regulation (example U.S. Pension Reform Act of 1974.)

UNSPSC 64122303 Fiduciary liability insurance contract is a Commodity code that in practice encompasses state and local government procurement of general liability, property, and workers' compensation insurance as well as specialized coverage for public agencies, school districts, and transit authorities. Recent state and local solicitations under this code reflect demand for comprehensive insurance brokerage and claims administration services spanning property and casualty coverage, third-party claims management, and specialized liability programs for educators and public employees. Issuing bodies include school districts of varying size (Stockton Unified School District in California, Clarke County School District in Georgia, Manor Independent School District in Texas), county governments (Hall County, Georgia), state higher-education systems (University System of Georgia Board of Regents), state education agencies (Texas Education Agency), transit authorities (Dallas Area Rapid Transit Authority), and public nonprofit workforce development organizations (Workforce Solutions Borderplex). School districts and state education agencies appear as repeat solicitors under this code, typically seeking multi-year renewal contracts or prequalified pools of counsel to manage ongoing coverage and claims.

Geographic activity concentrates in Texas, Georgia, and California, with recent opportunities posted across February through July 2026. Representative solicitations include Stockton Unified School District's RFP 262701 for a qualified pool of legal service providers (due August 6, 2026), Clarke County School District's RFP #26-0504 for property and liability insurance renewal effective July 1, 2026 (proposals due May 4, 2026), and the Texas Education Agency's RFP 701-26-008 for a comprehensive teacher liability insurance program (proposals due February 25, 2026). The Dallas Area Rapid Transit Authority issued a Blanket Purchase Order solicitation (REQ2097588) for third-party administrator claims services (due April 21, 2026), and Hall County, Georgia solicited Medicare Advantage plan administration (RFQ/P #47-009, due June 4, 2026). Multi-year terms with renewal options are standard across these opportunities, with evaluation criteria typically weighting firm qualifications and relevant public-sector experience heavily alongside pricing and understanding of scope.