MB-2781 - USA (New Jersey) - GLOBAL - Third Party Claim Administrator Services - Deadline February 15,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-2781

Government Authority located in New Jersey; USA based organization looking for expert vendor for third party claim administrator services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

Vendor needs to provide third party claim administrator services for claims management, supervision and adjusting services for excess claims for general liability (including police professional), auto liability and worker’s compensation claims.
- Provide claims management, supervision, adjusting services, and regular updates to excess insurance company and fund professionals until conclusion and claim reporting in accordance with the time frames and insurance policy claim reporting requirements for all excess insurance carriers and reinsurers.
- Provide complete handling of all loss adjustments, investigations, and settlements within the approval authority of reported claims.
- Provide a reporting procedure for accidents occurring after normal business hours, during holidays, or on weekends.
- Set claims reserves and provide a continuous review and updating to reflect changes.
- Provide a contact person who is accessible to the fund, if needed, who is responsible for financial reporting, internal auditing procedures, external auditing procedures, financial record maintenance, check accounting reconciliation, and other related matters pertaining to financial accounting and controls.
- Coordinate claim findings with both the participating member claims service administrators, and any excess carriers or reinsurers.
- Advise the executive director and administrator and fund attorney on any recommended claim payments, or on any payment exceeding a previously authorized amount involving the fund’s self-insured retention.
- Prepare all checks or vouchers to satisfy all approved and authorized claims payments (including allocated claims expense) for workers' compensation, general liability, including police professional and automobile liability, as provided for in the risk management plan.
- Supply monthly financial reports detailing, summarizing, and reconciling imprest transfers, claim payments, and other financial transactions (voids, re-commissions, recoveries, etc.) in the manner specified by the fund.

[C] Eligibility:

Global (World-wide)

[D] Work Performance:

Global, companies from all over the world can apply for this. However, Vendor may need to visit client location for onsite meetings.

Expiry Date : Friday, 15 February, 2019

Category : Medical Billing and Coding, Global

Country : USA

State : New Jersey

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