08DOA-S2294 Questions and Answers Responses.xls
XLS spreadsheet 38 KB Posted
- Attached to
- RFQ Nevada Workers Compensation Brokers
- Solicitation number
- 08DOA-S2294
- Issued by
- Clark County, Fish Springs CDP, Nevada
About this file
This document is a compilation of questions and answers related to Request for Qualifications (RFQ) 08DOA-S2294 for Nevada Workers Compensation Brokers, issued by the Nevada Department of Administration's Risk Management Division. The RFQ seeks proposals from insurance brokers to assist the Risk Management Division in marketing and structuring its Workers Compensation Insurance Program pursuant to NRS 331.184(3). The RFQ covers various aspects of the program, including safety/loss control, claims, actuarial services, budget forecasting, and brokerage services. The current Workers Compensation coverage is provided by AIG and has been in place since 2001. The State has considered approaching other potential markets in the past three years, including Safety National, Chubb, Genesis, Old Republic, Allied World Assurance Company, and Ascent Group Limited.
The current annual cost of services, commissions, and fees for the Workers Compensation program is not to exceed $1,000,000, and this amount does not include the cost for third-party services such as the Third Party Administrator (TPA) or Managed Care Organizations (MCOs). The State has not explored alternative Workers Compensation risk financing or coverage options in the past five years, and the current policy is set to expire on June 30, 2023. The incumbent broker is Willis Towers Watson (WTW), but the State is not inclined to disclose the current revenue received for placing the policy.
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Other files
| File | Type | Posted |
|---|---|---|
| 08DOA-S2294 Cost Schedule.docx | DOCX document | |
| 08DOA-S2294 Insurance Market Requests.docx | DOCX document | |
| 08DOA-S2294 State NV Employees by County.pdf | ||
| 08DOA-S2294 RFQ NV Workers Compensation Brokers~5.docx | DOCX document | |
| 08DOA-S2294 Summary of Exposures.docx | DOCX document | |
| Attachments for Signature~15.pdf | ||
| Terms and Conditions for Services~18.pdf | ||
| 08DOA-S2294 Current Workers Compensation Program.docx | DOCX document | |
| 08DOA-S2294 Letter Of Intent.pdf | ||
| Quote Instructions.pdf | ||
| Reference Questionnaire~16.docx | DOCX document | |
| Standard Form Contract~7.docx | DOCX document | |
| 08DOA-S2294 Insurance Schedule.doc | DOC document | |
| 08DOA-S2294 State Administration Manual Sections 0521 and 0524.pdf | ||
| 08DOA-S2294 State Workers Compensation Statistics.pdf | ||
| Nevada Analysis of Unpaid Loss and ALAE 2022-08.pdf | ||
| Proposed Staff Resume~15.docx | DOCX document |
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Bid Q&A for Export Report
| RFQ 08DOA-S2294 Nevada Workers Compensation Brokers Bid Q&A | ||||||
| QUESTION_NBR | CREATED_BY | QUESTION_SUBJECT | QUESTION_TEXT | ANSWER_TEXT | ||
| 1 | JULIE.THEIRL@AON.COM | Safety/Loss Control | 1. | If possible, please provide detailed loss runs for the most recent 36 months of WC losses and a report of all open claims regardless of policy year to include: | ||
| a. | The most recent 36 months of open and closed claims in Excel, with the Indemnity, Medical and Expense amounts broken out by Paid, Outstanding, and Incurred values. | |||||
| b. | All open claims, regardless of policy year, In Excel, with the Indemnity, Medical and Expense amounts broken out by Paid, Outstanding, and Incurred values. | We are not willing to provide this information | ||||
| 2 | JULIE.THEIRL@AON.COM | Safety/Loss Control | 2. | The State Administration Manual Sections 0521 and 0524 references safety inspections, training, accident investigation, Safety Committee formation, ergonomic equipment, workplace violence, industrial hygiene and hearing exams. Is the broker expected to provide these services? | No, it is not expected. However, if the broker is able to provide those services, they should demonstrate their ability | |
| 3 | JULIE.THEIRL@AON.COM | Safety/Loss Control | 3. | The document 08DOA-S2294 references that there is not currently an agency-based adjustment to allocations based on loss experience. However, the State Administration Manual indicates there is the ability to assess a deductible to the agencies at the discretion of the Risk Manager. Is it the State?s desire to review or enhance this program with the assistance of the broker? | Not at this time. | |
| 4 | JULIE.THEIRL@AON.COM | Claims | 1. | Based on historical experience, please provide the expected annual hours and/or scope of services required for claims consulting services. | The annual hours would be predicated by the services the broker has indicated they would provide. | |
| 5 | JULIE.THEIRL@AON.COM | Claims | 2. | Please confirm our understanding that the State is directly reporting claims to the carrier/TPA. | This is correct | |
| 6 | JULIE.THEIRL@AON.COM | Claims | 3. | What frequency of claim reviews will be required annually, and what is the current criteria for selecting claims to include in each review? | A minimum of 48 claims annually, and they are to be a random selection. | |
| 7 | JULIE.THEIRL@AON.COM | Claims | How many claims/best practice audits are required annually, and what criteria is in place to determine which and how many claims are audited? | The audits would be annually, and we would work with the broker on the criteria | ||
| 8 | JULIE.THEIRL@AON.COM | Claims | When do you anticipate the commencement of any TPA and Managed care RFP? | There is not anticipated timeframe to release an RFP for TPA or MCO services | ||
| 9 | JULIE.THEIRL@AON.COM | Claims | Ref item 3.3.4.F.13 -- Is the State referring to accelerating the closure of ?aging claims? of 18 months or longer here? Or is there another concept/definition referenced? | Acceleration of claim closure in general, and what factors the broker would recommend | ||
| 10 | JULIE.THEIRL@AON.COM | Actuarial | What frequency and types of actuarial analysis do you require? | Acturarial analysis is for the Workers' Compensation program for unpaid loss and ALAE, to be performed annually. | ||
| 11 | JULIE.THEIRL@AON.COM | Actuarial | We would appreciate receiving a copy of the State's most recent WC actuarial report. | Please see Nevada Analysis of Unpaid Loss and ALAE 2022-08 Final attachment. | ||
| 12 | JULIE.THEIRL@AON.COM | Actuarial | Are there issues with the amount of collateral that the State currently has outstanding? | No | ||
| 13 | JULIE.THEIRL@AON.COM | Actuarial Services/Budget Forecasting | Ref item 3.3.4.D ? the heading is ?Actuarial Services/Budget Forecasting?, and we are unclear if the broker is to help estimate the costs of these services listed (i.e. wellness, training, vendor management, etc.) or actually provide the services. Please clarify. | This is in regards to the annual actuarial analysis, which assists the State with budget forcasting. | ||
| 14 | JULIE.THEIRL@AON.COM | Brokerage | The documentation provided with the RFP indicates the State?s WC coverage is currently with AIG and has been since 2001. Which other markets have been approached as potential optional carriers in the past 3 years? | Safety National, Chubb, Genesis, Old Republic, AIG, Allied World Assurance Company, Ascot Group Limited | ||
| 15 | JULIE.THEIRL@AON.COM | Brokerage | Which firm is the incumbent broker that is placing the workers? compensation coverage? Please provide details on the current revenue received by the incumbent broker for placing the current policy including the amount of compensation they are allowed to retain of annually, if they are paid on fee or commission, if there is an intermediary used what percentage of commission is the intermediary charging? If there is more than one broker performing work including the various services, please state the services and retained compensation. | WTW. We are not inclinded to disclose the current revenue received for placing the policy | ||
| 16 | JULIE.THEIRL@AON.COM | Brokerage | If the current policy is under a multi-year program, please describe including the policy terms and dates. | The current policy is expiring June 30, 2023 | ||
| QUESTION_NBR | CREATED_BY | QUESTION_SUBJECT | QUESTION_TEXT | ANSWER_TEXT | ||
| 17 | JULIE.THEIRL@AON.COM | Brokerage | Please describe the alternative Workers? Compensation risk financing/coverage options the State has evaluated in the past 5 years and the outcome of those studies/efforts. | The State has not explored alternative Workers' Compensation programs | ||
| 18 | JULIE.THEIRL@AON.COM | Brokerage | Please provide a chart or graph that depicts the current design of the cash flow program. | We are inclined to disclose this | ||
| 19 | JULIE.THEIRL@AON.COM | Brokerage | If the program currently contains extensions for foreign and out-of-state exposures, please provide that information. | These are minimal requirements and yes there are policies in place to address them | ||
| 20 | JULIE.THEIRL@AON.COM | Cost/Budget | Ref item 4.3.1 states that the annual cost of services/commissions/fees will not exceed $1,000,000 per year. Does that $1,000,000 include the actual cost for the TPA?s services, managed care organizations or any other third-party costs outside of the broker?s anticipated revenue? If so, please describe in detail to include the service, vendor and annual cost to be borne by the broker. | No | ||
| 21 | JULIE.THEIRL@AON.COM | Cost/Budget | Is the Cost Reimbursement Schedule form only for the brokerage portion of the scope of work (versus the brokerage plus the cost of the various services to be provided)? It would be difficult to provide one total for the brokerage and all of the services under one price without knowing which services would be performed and the frequency. Please provide a copy of the completed form for the incumbent broker(s) for the expiring program. | Only for the brokerage portion of the scope of work |
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