24-0.3 Guarantee Ltr of Commit Guarantee From.pdf

PDF 107 KB Posted

Attached to
Group Medical Benefits
Solicitation number
2026-10
Issued by
Seminole County, Florida

About this file

This is a Guarantee Letter of Commitment and Guarantee Form for the Suwannee County Board of County Commissioners' 2026-10 RFP for Group Medical Benefits. The guarantee document is required as part of the RFP submission process and serves to ensure that a parent or affiliated company of the selected awardee will guarantee the fulfillment and performance of the contract terms and conditions. The guarantee form must be executed by an authorized representative of the guarantor company and submitted in accordance with the RFP's Instructions to Responders & Submission Requirements section (D)(b). The guarantee becomes effective on the agreement's effective date and remains in full force throughout the entire contract term, including any renewal periods and extensions.

The guarantee is irrevocable and unconditionally binds both the guarantor and awardee as jointly and severally responsible for contract performance. The guarantee remains enforceable despite any voluntary or involuntary bankruptcy, insolvency, reorganization, merger, consolidation, asset sale, or changes in ownership of the awardee that affect its affiliation with the guarantor. The guarantor must be the parent or affiliated company of the awardee and must meet the Minimum Eligibility requirements set forth in Section 4.2.2 of the RFP, specifically maintaining an AM Best rating as required for this group medical benefits contract. The guarantee is governed by Florida law and contains severable provisions to ensure enforceability of non-conflicting clauses.

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Text version

0.4 Guarantee Letter of Commitment & Guarantee Form

GUARANTEE LETTER OF COMMITMENT

[Letterhead of Parent or Affiliated Company]

Date

Holland Freeman, Purchasing Coordinator Suwannee County Board of County Commissioners 224 Pine Avenue, 2nd Floor Live Oak, FL 32060

Re: 2026-10 RFP Group Medical Benefits

Dear Mrs. Freeman:

I am authorized to commit __________________________________________ as the guarantor of the

[Name of Parent or Affiliated Company] fulfillment and performance of the terms and conditions of an Agreement between Suwannee County Board of County Commissioners and _________________________________, resulting from an award (“RFP”)(“Agreement”) under 2026-10 RFP Group Medical Benefits Group Medical Benefits.

_______________________________________ will execute a Guarantee of the Agreement using [Name of Parent or Affiliated Company] the Guarantee Form contained in 0.4 Guarantee Letter of Commitment & Guarantee Form to the RFP.

Sincerely, Name of Authorized Representative

Title of Authorized Representative

0.4 Guarantee Letter of Commitment & Guarantee Form

GUARANTEE FORM

GUARANTEE

WHEREAS, ____________________________ (“Awardee”) was successfully awarded a contract with Suwannee County Board of County Commissioners(“BCC”) pursuant to 2026-10 RFP Group Medical Benefits (“RFP”); and

WHEREAS, Awardee met the Minimum Eligibility requirements set forth in Section 4.2.2 of the RFP based on the AM Best ratings of ____________________ (“Guarantor”), which is Awardee’s [parent company/affiliate company]; and

WHEREAS, Awardee and BCC entered into an Agreement pursuant to the RFP; and

WHEREAS, “Instructions to Responders & Submission Requirements(D)(b)” of the RFP requires

Guarantor to guarantee Awardee’s fulfillment and performance of the terms and conditions of the Agreement.

NOW THEREFORE, Guarantor:

1. Irrevocably and unconditionally guarantees the fulfillment and performance of the terms and conditions of the Agreement.

2. Agrees that BCC can treat both Guarantor and Awardee as jointly and severally responsible for the fulfillment and performance of the terms and conditions of the Agreement.

3. Agrees, that to the fullest extent permitted by applicable law, this Guarantee shall become effective on the effective date of the Agreement, and remain in full force and effect throughout the term of the Agreement, including any renewal periods and extensions provided for therein, and shall not be released, discharged, or in any way affected by:

(a) any voluntary or involuntary bankruptcy, insolvency, reorganization, or similar arrangement of the Guarantor;

(b) any merger or consolidation of Guarantor into or with any other corporation, or any sale, lease or transfer of any of the assets of Guarantor to any other person; or

(c) any change in the ownership of Awardee that affects the affiliation with Guarantor subsequent to the execution of the Agreement.

4. Agrees that the Guarantee shall be governed by and construed in accordance with the laws of the State of Florida.

5. Agrees that the provisions of this Guarantee are severable, so that in the event any provision or clause of this Guarantee conflicts with applicable law, such conflict shall not affect other provisions of this Guarantee which do not conflict with applicable law.

IN WITNESS WHEREOF, Guarantor has caused this Guarantee to be signed in the name of and on behalf of Guarantor by its authorized representative on this _____ day of ________________________, 2026.

By: _______________________________________________________

Print Name: ________________________________________________

Title: _____________________________________________________

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