Self-insured insolvencies

This is a formal Request for Proposals (RFP) issued by the Nevada Department of Administration, Purchasing Division on behalf of the Nevada Division of Insurance (Division) for the administration of workers' compensation claims for insolvent self-insured employers (SIEs) and self-insured associations (SIAs). The Division is seeking bids from third-party administrators (TPAs) registered and in good standing with the Division and qualified to administer these workers' compensation claims. The selected TPA will contract with the Division to manage existing, future, and unknown future insolvent SIE and SIA workers' compensation claims. The contract term is from December 1, 2021 to December 31, 2025. Vendors must submit cost proposals including a monthly fee for all tasks listed in the Scope of Work and a one-time fee per claim for setting up new claims. The successful TPA will be responsible for claim management, excess recovery, subrogation, payment, and settlement of the claims in consultation with Division staff and in accordance with Nevada laws. The TPA will also be required to provide various reports and coordinate with other state agencies.

The RFP is open to all qualified TPAs registered and in good standing with the Nevada Division of Insurance. No set-aside designations or restrictions on the types of organizations that can respond are mentioned. The current Letter of Intent to Award indicates that the State intends to award the contract to Nevada Alternative Solutions, Inc., however the prior Letter of Intent to Award had been sent to Sierra Nevada Administrators, Inc. The total contract value or budget is not explicitly stated.