REQUEST FOR PROPOSAL STUDENT ACCIDENT INSURANCE 2025.pdf

This is a Request for Proposal (RFP) issued by Mississippi Valley State University seeking student athlete accident insurance coverage for student athletes, prospective student athletes, and band members. The RFP (VSRP-1001048) requires proposals to be submitted by April 25, 2025 at 2:00 p.m., with the insurance coverage to be effective August 1, 2025. The contract period would begin August 1, 2025, with MVSU considering either a single year or multiyear policy at their discretion. The RFP process includes two phases: market assignment to specific brokers and evaluation of insurance quotes. Key dates include market assignment letters being sent February 24, 2025, markets assigned March 12, 2025, and questions due March 19, 2025.

The coverage specifications include NCAA catastrophic threshold coverage up to $90,000 per claim, an air travel aggregate minimum of $1,000,000, 100% ambulance coverage, and expanded sports coverage for conditions like overuse syndromes and heat-related problems. The RFP offers three deductible structure options: no deductible with first dollar coverage, $10,000 individual/$120,000 aggregate, or $10,000 individual/$100,000 aggregate. Proposals must include detailed cost quotations covering premiums, policy structure, and all costs to MVSU. The university will select the lowest cost quote meeting the required coverage levels, with MVSU having discretion to choose the preferred deductible structure. The selected insurance agent must maintain $1,000,000 per occurrence Errors and Omissions coverage.