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 .