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Insurance Broker of Record Service

Atlantic, New JerseyNew Jersey, USADue Thursday, October 22, 2026
Client
Atlantic, New Jersey
RFP Number
INSU-6560
Posted
10/2/2026
Category
Insurance Services
Budget
Looking for Proposals
NAICS
—
Set-aside
—
Contact
—

Description

AI Generated

The City of Atlantic City seeks an onshore USA organization to provide Insurance Broker of Record services for property, casualty, and other related coverages. The selected broker will advise the agency on insurance programs, evaluate risk exposures, obtain coverage bids, assist with safety committees and budgets, and review claims experience. The proposed contract term is one year with an option to extend. Eligible respondents must possess Agency and Individual licenses, meet legal requirements, and provide a New Jersey Business Registration Certificate. Proposals must be uploaded electronically via BidNet Direct by 11:30 AM Prevailing time on October 22, 2026. The City may reject incomplete proposals, request oral presentations, and reject any commissions or third-party compensation paid to the broker.

Key solicitation details

AI-extracted from 26-46R Insurance Broker of Record rebid.pdf. Confirm against the original documents before bidding.

The City of Atlantic City is soliciting proposals from qualified persons or firms to provide Insurance Broker of Record Services for Property and Casualty and other related services. The contract will cover a one-year period with options for two one-year extensions. Bidding is open to onshore USA organizations possessing the required agency and individual licenses.

Issued by
City of Atlantic City
Proposals due
October 22, 2026 at 11:30AM (Prevailing time)
How to submit
Electronic via the BidNet Direct portal
Submission details
Proposals must be electronically uploaded to www.bidnetdirect.com//atlanticcity; no physical proposals will be received or accepted.
Contract term
one (1) year period with the option of two (2), one (1) year extensions
Place of performance
Atlantic, NJ (Performance of the work will be Onsite and offsite)
Funding
N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27

How proposals are evaluated

Consultant/management fees and costs30 Points
Relationships with a diverse group of insurance carriers30 Points
References and reputation30 Points
Addressed under the contract10 Points

Scope of work

  • Advise the City on available insurance programs, products, industry trends, and policy placement
  • Evaluate the City exposure as it relates to insurance
  • Obtain bids for expiring policies including insurance companies, Joint Insurance Funds, and risk pools
  • Review and advise on coverage decisions, policy placement, and insurance budget preparation
  • Review losses and claim experience as it relates to safety and loss control practices
  • Assist with the safety committee and attend required city meetings
  • Acquire all policies as Broker of Record and liaise with carriers regarding coverage and loss runs

Minimum qualifications

  • Must possess an Agency License and Individual Licenses from the New Jersey Department of Banking and Insurance
  • Must be an onshore USA organization
  • Demonstrate continuing capabilities to perform insurance broker of record services

Documents to include with the bid

  • Letter of Intent
  • Proposal Form
  • Statement of Ownership Disclosure
  • Non-Collusion Affidavit
  • Disclosure of Investment Activities in Iran & Russia or Belarus Form
  • New Jersey Business Registration Certificate
  • Schedule of Minority Business Enterprise (MBE) / Female Business Enterprise (FBE)
  • Certificate of Employee Information Report or Form AA302
  • W-9 Taxpayer Identification Number Form
  • Acknowledgment of Receipt of Addenda

Source and verification

Original source

Craxy AI summarizes this opportunity from the original listing and available solicitation documents. Confirm submission instructions and amendments with the issuing source before responding.

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