Information and Services Carriers Clause Samples

Information and Services Carriers a) The company must agree to furnish the insured: (sample reports requested with your proposal) i) Reports on cost of claims on a monthly basis, including reserves status ii) Status report on any claim as requested by the insured iii) Reports of its investigation of claims to include statements from injured and/or witnesses, when requested iv) Photographs along with the appraisal of damages relating to the claim, when requested b) PROVIDER shall be capable of electronic data submission. The PROVIDERs system shall be capable of interfacing with the System Risk Management and Safety and this service will be provided at no charge. Any software or upgrades will also be provided at no charge. The Company shall provide on-line access that allows the A&M System's Risk Management and Safety Office to monitor pending claims, reserves, adjuster notes, and final settlements. PROVIDERs shall provide training as needed to the A&M System Office of Risk Management in the utilization of software. c) The carrier is expected to represent and defend the named insured in any matter of litigation covered by the policy. However, the carrier and its designated counsel will keep the Risk Management Department and the System General Counsel informed of the status of any and all litigation claims filed under the policy. d) Successful company shall upon award provide insurance cards for all fleet and scheduled vehicles covered under all policies. The cards are to be forwarded express mail to Risk Management and Safety prior to the effective date and shall be collated in stacks of 25 for easy distribution. e) Deductible ▇▇▇▇▇▇▇▇ shall be individually invoiced per claim on a monthly basis. The ▇▇▇▇▇▇▇▇ shall include but not be limited to the following: name of claimant; date of accident; system driver; System Member; Department; Amount of Invoice; and Insurance Company federal Tax Identification Number. A summary listing each invoice should accompany the ▇▇▇▇▇▇▇▇. The ▇▇▇▇ amount shall be supported by individual claim records. A sample deductible ▇▇▇▇ shall be submitted with each proposal. f) Verification of Qualifications - All companies submitting proposals must meet the following minimum qualifications: i) Shall be licensed by the State of Texas and permitted to contract with the State of Texas or any of its Subdivisions. ii) Be recommended in the latest edition of Best’s Key Rating Guide and have at least a policyholder’s rating of “A” and a Financial Size Category Rating of at le...