Texas DIR/ESBD #240b

Insurance and Risk Management Brokerage Services for Texas Prepaid Higher Education Tuition Board

The Texas Prepaid Higher Education Tuition Board, under the Texas Comptroller of Public Accounts, is seeking a qualified vendor to provide insurance and risk management brokerage services for its higher education savings programs. - Government Buyer: - Texas Prepaid Higher Education Tuition Board, via the Texas Comptroller of Public Accounts - Services Requested: - Insurance and risk management brokerage services - Focus on public officials liability, employment practices liability, and privacy and security insurance - Annual services include coverage assessment, policy recommendation, insurer selection assistance, post-selection duties, and claims process support - Products/Part Numbers/Quantities: - No specific products, part numbers, or quantities are listed; this is a professional services procurement - Unique or Notable Requirements: - Broker will support management of $2.8B in assets and 150,000 accounts - Contract includes an initial one-year term with up to three one-year optional renewals, plus a possible six-month transition period - Services must be provided by an independent contractor at their own facilities - Minimum qualifications, proposal format, and evaluation criteria are specified in the RFP - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Place of Performance: - Services are associated with the LBJ State Office Building in Austin, Texas

Description

The Texas Prepaid Higher Education Tuition Board, through the Office of the Texas Comptroller of Public Accounts, is soliciting proposals from qualified persons or entities to provide insurance and risk management brokerage services. The contract involves providing these services to the Board, which administers various higher education savings plans and programs. Proposals must be submitted by July 7, 2026, and the contract is expected to commence on September 1, 2026. The estimated contract value is $25,000, and the procurement is exempt under the statutory exemption for contracts under $100,000.

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