MB-10431 - USA (New Jersey) - Claims Administrator Services - Deadline September 22,2026

Vendor needs to provide claims administrator services.• Maintain a claim file for each reported claim and to preserve such records as required by state statutes and regulations. Such records shall be provided to the agency upon request.• When requested by members of the Fund, provide monthly/quarterly claims reports for all lines of coverage.• Set claim reserves and provide a continuous review and updating to reflect changes.• Provide complete accounting for the claims administration program which at all times is subject to review by the agency.• Assist in the collection of claims against others for damage to the participating members' property and make recommendations regarding salvage matters.• All sizeable and unusual claims will be reviewed by the service provider's internal legal staff at no additional cost to the agency and the results of such review shall be provided to the agency.