S000000426 Official Bid Price Sheet~1.xlsx

This document is an Official Bid Price Sheet for the Arkansas Insurance Department's State Business Auto Coverage and Excess Liability Insurance contract (S000000426). The solicitation covers two separate insurance policies for the Arkansas Motor Assessment and Insurance Trust (AMAIT) and Arkansas Public Services Insurance Trust (APSIT), with specific vehicle coverage options including liability and physical damage protection. The bid includes pricing for multiple vehicle categories such as passenger vans, pickup trucks, SUVs, buses, heavy trucks, and trailers, with two distinct coverage levels: AMAIT policies at $250,000 and $1,000,000 combined single limit (CSL), and APSIT policies at $100,000 CSL. The pricing is structured for a 12-month policy period, with vehicle counts as of July 1, 2024.

The bid pricing methodology requires prospective contractors to complete detailed auto rate worksheets with specific pricing for each vehicle category and coverage type. Contractors must enter rates in yellow-shaded cells without combining or bundling costs, and the grand total annual premium will be used for determining the lowest cost proposal. The worksheets include provisions for primary liability coverage, medical payments, uninsured/underinsured motorist coverage, physical damage protection, hired and non-owned auto coverage, and excess liability coverage with $4,000,000 x/o $1,000,000 limits. Contractors must also provide their insurance company name, A.M. Best Rating, and the total annual premium will be automatically calculated through the worksheet's integrated formulas.