ATTACHMENT A - Compensation Disclosure.pdf

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Attached to
RFP FOR INSURANCE BROKER SERVICES
Solicitation number
RFP-02367
Issued by
Seminole County, Florida

About this file

This document is an Attachment A - Compensation Disclosure related to a Request for Proposal (RFP) issued by the Suwannee River Water Management District (District) in Florida for Insurance Broker Services. The District is seeking a broker to procure health, dental, vision, group term life, and long-term disability insurance for its employees at or above the current level of service at a reasonable and fair price. The RFP does not specify quantities, response dates, award dates, or the term of the contract.

The Compensation Disclosure outlines the commission rates and third-party compensation for various insurance lines, including 5% for medical insurance with Florida Blue, 10%/0-4% for dental insurance with Florida Combined Life, 10%/0-6% for vision insurance with Humana, and 5% persistency with 0-2% based on block of business and 0-6% new sales for group term life/AD&D, voluntary life/AD&D, and long-term disability insurance with Standard. The RFP does not mention any set-asides, incumbents, funding requirements, or other salient information.

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Text version

ATTACHMENT A

COMPENSATION DISCLOSURE STATEMENT

Line of Coverage/Service

Insurance Company

Commission Third Party Compensation

Direct Client Fees

Medical Florida Blue

5% Semi-Annual In-force health $0 to $100,000 on Block of Business

N/A N/A

Dental Florida Combined Life

10%/0-4% N/A N/A

Vision Humana 10%/0-6%

Group Term Life/AD&D

Standard 5% Persistency 0-2% based on Block of Business New Sales 0-6%

Voluntary Life/AD&D Standard 5% Persistency 0-2% based on

Long Term Disability Standard 5% Persistency 0-2% based on

File details come from the government source that posted it. Updated .