Broward County Commission Regular Meeting
Director's Name: Stephen Farmer (Acting Director)
Department: Finance and Administrative Services Division: Purchasing
Information
Requested Action
title
MOTION TO APPROVE Agreement between Broward County and Standard Insurance Company for Supplemental Insurance Products, Request for Letters of Interest (RLI) No. GEN2128556R1, for the Human Resources Division, at no expense to the County, for an initial three-year term; and authorize the Mayor and Clerk to execute same.
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Why Action is Necessary
In accordance with Broward County Procurement Code Section 21.47, Award and Execution Authority, the Board shall make all awards, and authorize the execution of the associated contracts, with a value of more than $500,000, inclusive of the value of any renewals or extensions.
What Action Accomplishes
Provides supplemental insurance products, including accident, critical illness (including cancer), and hospital indemnity, to benefit-eligible employees and eligible dependents.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
None.
Summary Explanation/Background
THE PURCHASING DIVISION AND THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT/HUMAN RESOURCES DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
The Office of Economic and Small Business Development (OESBD) did not assign County Business Enterprise (CBE) goals for this project (Exhibit 2).
The purpose of this Agreement is to provide comprehensive, fully insured supplemental insurance products, accident, critical illness (includes cancer), and hospital indemnity to participating benefit-eligible employees and eligible dependents. The Agreement also includes enrollment support and administration services (Exhibit 1).
The RLI was advertised on December 11, 2024, and, at the time of the submittal deadline on February 3, 2025, four firms submitted proposals: Colonial Life and Accident Insurance Company; Continental Am...
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