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Home My WebLink AboutR-78-05949 f.3%78 et "SUPPORTIVE DOCUMENTS FOLLOW" tOtt tat tax 2ESottY'IION ACCEPTING THE BID FROM BANKER'S LIFE & CASUALTY COMPANY THROUGH ITS LOCAL AGENT JOSEPH R. LOWERY & ASSOCIATES, FOR PROVIDING ACCIDENTAL DEATH INSURANCE IN THE AMOUNT OF TWENTY THOUSAND ($20,000) DOLLARS FOR CITY OF MIAMI EMPLOYEES FOR THE PERIOD FROM OCTOBER 1, 1978 THRU SEPTEMBER 30, 1979, AT AN ESTIMATED ANNUAL PREMIUM OF TWENTY SEVEN THOUSAND ($27,000.00) DOLLARS, WHICH IS BASED UPON FORTY-SIX (46) CENTS PER EMPLOYEE PER MONTH TIMES THE NUMBER OF EMPLOYEES WORKING FOR THE CITY OF MIAMI, FLORIDA ON OCTOBER 1, 1978, WITIH AN OPTION TO RENEW FOR AN ADDITIONAL TWO (2) YEAR PERIOD, AT THE SAME PRICE, BY MUTUAL AGREEMENT. WHEREAS, pursuant to Public Notice, sealed Bids were received on August 29, 1978, providing for Accidental Death insurance in the amount of Twenty Thousand ($20,000.00) Dollars per employee for the period from October 1, 1978 thru September 30, 1979, with an option to renew by mutual consent of both parties for an additional two (2) year period; and WHEREAS, invitations were mailed to seventy-four (74) insurance agents in Dade County who represent insurance companies who might write this type of coverage; and WHEREAS, ten (10) Bids were received at the office of the City Clerk of the City of Miami, Florida, in response to the abovementioned invitations to Bid; and WHEREAS, the City Manager recommends that the award be made to BANKER'S LIFE & CASUALTY COMPANY, which is the most advantageous bid to the City, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI, FLORIDA: "DOCUr,1Et ITEM NO. 1�1 t) LA Section 1. The Bid received from BANKER'S LIFE & CASUALTY COMPANY is accepted. This policy provides Twenty Thousand ($20,000.00) Dollars per employee for Accidental Death benefits. The policy period will be from October 1, 1978 through September 30, 1979 with an option to renew by the consent CITY COMMISSION MEETING OF SEP33 1078 RESOLUTION NO.' REMARKS'. f7 MM MM MM MM MM both patties for an additional two (2) year petiod. The cost of this policy is forty six (464) cents per employee per month, with the base premium being the number of employees in the City of Miami, as of October 1, 1978. The estimated annual premium of this Accidental Death policy will be approximately Twenty Seven Thousand ($27,000.00) Dollars. PASSED AND ADOPTED THIS 2 gt-h day of spptemhar o 1978. T : RALJH G. NGIE, CITY CLERK PREPARED AND APPROVED BY: o-hz-( C 6 cX ASSISTANT CITY ATTORNEY AP " %' ' AS TO FORM & C TNESS: KNOX, JR., CITY AT Maurice A. Ferre 1age 2 of 2, "'P ORT!VE =C,`LLQ II, f' Joseph B. Gtaaoie City Manager ames E. Gunderson Director of Finance cir*!nrmA�4}. ruzmox �vo�nc, ' PrFsxc,css. September 11, 1978 Acceptance of Bid Accidental Death insurance -)CL0ZU1Rr5:Copy of Resolution and Chatt Pursuant to Public Notice, sealed Bids were received August 29, 1978 to provide Accidental Death insurance in the amount of Twenty Thousand ($20,000.00) Dollars for each City of Miami employee for the period from October l, 1978 tbro September 30, 1979, with an option to renew for an additional two (2) year period by mutual agreement at the same premium. In addition to the invitations to Bid being published in five (5) newspapers, ^ Specifications were mailed to all insurance agencies in Dade County, some seventy-four (74) in number, who represent insurance companies who might write this type of coverage. ` N� N� @� N� m� Ten (lO) Bids were received, which is an excellent response considering that Municipalities are not a favored risk by insurance companies. This Accidental Death insurance is a requirement under Florida Statutes 112,19 and 112'191 for Policemen and Firemen' In order to reduce the premium, all employees of the City of Miami have been included in this bene- fit. It is recommended that the award be made to Banker's Life a Casualty Company through its local agent Joseph E. Lowery a Associates at a cost of forty-six (460 cents per employee per month. The estimated annual premium is approxi- mately Twenty Seven Thousand <$27,000.00> Dollars, said premium being predicated on the number of employees working for the City as of October l, 1978. The policy period is October l, 1978 tbru September 30, 1979, with an option to renew for an additional period of two (2) years with the mutual consent of both parties. JCG,DBS;et attachments: as stated oc: George F. Knox, Jr. City Attorney Department of Law Mr, Howard Gary, Director' ^Department ' ' 6 Budget ` ��_ �� / tj'/'� .�' � ' 1 �/~~ � -`VV/� ` _ _ - - _ - N� = BID SECURITY ACCIDENTAL DEATH INS RISK MANAGEMENT BIDDER Stevenson Collinswirth Ni Box 520867 Kahn Carlin & Co Inc. United States Fidelity . eixie 'i.1 ay Miami, Florida Baldwin Ins. Agn Inc. American Home Ins. Co. 840 Biscayne Blvd. Continental Casual Co. Eugene B Beese 30 Deer Run Ralph B. Scheibner & Ass St Paul Fire & Marine 3050 Biscayne Blvd Miami, Florida Joseph E. Lowry & Assoc 5200 N.W.84 Ave Suite 200 Miami,Florida 33166 Searle & Morris Inc. 113 Almeria Ave. Coral Gables, Florida Matson Surety Inc. 2600 S.W. 27th Ave. Miami,Florida Head Beckham Ins. Ag. 1111 S. Bayshore Drive 1 1 cr•0+-, DATE BIDS OtECEiVED r-� August 28, 1978 TYPE OF SECURITY AMOUNT "SUPPORTIVE DOCUMENTS Received the above described checks this day of FOR ACCOUNTING USE 19 FOR ACCOUNTING DIVISION it IIIIuumi n ii 111111i ID SECURITY Accidental Death ins: ttam Risk Management BIDDER Arthur J. Gallagher & Co. 8355 N.W. 53rd Street Sui St. Paul Fire and Marine ns. Co. Orlando Service Center 2221 Lcc Road Winter Park,Fla. 32789 August 28, 1978 DATE BIDS PECEIVE6_ Page 2 TYPE OF SECURITY 'Received the above described checks this AMOUNT FOR ACCOUNTING USE day of 19 FOR ACCOUNTING DIVISION \ if CITY OF MIAMI FL.C) P DA INTER•OFF.ICE MEMORANDUM To: Ralph G, Ongie City Clerk a es E. Gunderson irector of Finance t sunJEcT duly 18, 1978 bid Opening ReserVatioh Bid # 77=78422 Copy of otide .44 It is requested that you reserve the date of August 29, 1978 on your calendar to receive Sealed Bids for Accidental Death Insurance under Bid No. 77-78-122. JEG:ML:et attachment: as stated • • • mm mm { • * bid No. 77-78-122 ACCIDENTAL DEATH INSURANCE Sealed bids for Accidental Death Insurance to comply with Florida Statutes, Chapters 112.19 and 112.191, providing for coverage for City of Miami Firemen and Law Enforcement Officers and for City employees will be received by the City Manager and the City Clerk of the City of Miami, Florida, not later than 10:00 A.M. on the 29 day of August, 197.8 _.. in the City Clerk's Office, 1st Floor of Miami City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida 33133, at which time and place they will be publicly opened and read. All bids shall be submitted in accordance with instructions to bidders which can be obtained from the Office of Risk Management. The City Commission reserves the right to waive any informality in any bid and the City Manager may reject any or all bids. Joseph R. Grassie City Manager August 29 1978 BANKERS LIFE & CASUALTY HARTFORD * CONTINENTAL CASUALTY CO,. FEDERAL INSURANCE CO_ TRAVELERS INSURANCE CO.. ET. PAUL FIRE U S F & G U S F & G U S F & G AMERICAN HOME ASSURANCECO.. (IT 3 year prepaid, $72„9L3,5( ACCIDENTAL DEATH & DISMEMBERMENT BIDS AGENT JOSEPH E. LOWERY & ASSOC. ARTHUR J. GALLAGHER & CO. PROFESSIONAL ADMINISTRATORS STEVENSON, COLLINSWORTH, NIELSON SEARLE & MORRIS RALPH B. SCHEIBNER & ASSOCIATES KAHN CARLIN HEAD BECKHAM INSURANCE AGENCY MATSON SURETY, INC. BALDWIN INSURANCE AGENCY Per Employee Per Month COST 46+ .4778 ANNUAL PREMIUM ON 4,710 EMPLOYEES $ 26,444.10 $ 27,005.00 $ 27,694.00 $ 28,335.00 $ 33,346.80 $ 33,912.00 $ 37,071.00 $ 37,071.00 $ 37,071,00. 620167,00 IN1■II■1■IIIIIIIII IIIII IIIII IIIIIIIIII II IIIIIIIIIIII IIII IIIIIIIIIDI 11 11 1111111 111111 111111111 1 11 1111111■III 11 11111111111111 UIII 111110011 11111111111 1111 MIli101IMI10111 MOM 1111111111