Contract+#144+Amendment.pdf

This document is a Contract Amendment for Contract 144 - All Risk Insurance Broker, involving the State of North Dakota's Office of Management and Budget, Risk Management Division, and Marsh & McLennan Agency LLC. The amendment modifies an existing contract between these two parties, specifically addressing insurance requirements and contract duration.

The amendment updates insurance provisions pursuant to 2021 House Bill 1057, increasing statutory caps on State liability from July 1, 2022 through July 1, 2026. It mandates an employer's liability or "stop gap" insurance endorsement of at least $2,000,000 on workers compensation or commercial general liability insurance. The contract, which originally commenced on May 27, 2022, is being renewed for an initial twelve-month period with the option to extend for an additional twelve months. The new contract expiration date is set for June 30, 2024, with potential for further renewal.