Independent National Electoral Commission
Plot 436 Zambezi Crescent, Maitama, Abuja
Invitation for Expression of Interest
The Independent National Electoral Commission (INEC) in pursuance of its constitutional functions and in compliance with Due process requirements seeks to undertake the underlisted Insurance Policies.
To this end, the Commission invites duly registered and reputable insurance Underwriting and Brokerage firms to Express Interest to provide cover and to manage the various insurance policies as Underwriters or Brokers respectively.
Description of Assignment
LOT I. Comprehensive Motor Vehicle insurance policy
LOT II. Group Personal Accident (GPA) cover for:
i. Ad-hoc Electoral personnel such as NYSC members and others for the period covering Electoral activities of voters registration and the 2011 general elections,
ii. INEC career officers on GL03 to GL17
iii. Comprehensive welfare insurance for INEC political office holders, combining Group Life Assurance and Group Personal Accident cover.
LOT III. Marine Hull Insurance for INEC engine boats.
LOT IV. INEC Property Fire and Burglary Insurances
LOTV. Computer-all-risks insurance for INEC computer hard wares/soft wares and accessories.
LOT VI. Materials-in-Transit Insurance
Requirements for Expression of Interest
(I) The Company’s profile highlighting the following:
i. Evidence of registration with the Corporate Affairs Commission.
ii. CTC of evidence of registration by the National Insurance
Commission (NAICOM)
iii. Audited Accounts for the immediate past three years.
iv. CTC of Tax Clearance Certificate or acceptable evidence of up-to date payment of company tax for the last three years.
v. Update of Annual Returns.
vi. Evidence of Registration and remittance of both employer and employees Pensions contributions and other social security provisions on behalf of the employees of the company.
vii. Details of experience and technical qualifications of key personnel.
viii. Evidence of Financial capacity and Banking support.
ix. List of verifiable evidence of similar policies being managed.
x. Evidence of VAT registration and remittance of all taxes.
xi. Evidence of payment of the N10,000.00 (Ten thousand naira) only non-refundable processing fee.
In addition to the above, underwriters are also expected to submit the following:
i. Evidence of valid reinsurance treaty arrangements,
ii. Identification of available extensions and exemptions
applicable to each cover,
iii. Time within which the policy and all other documents evidencing the contract shall be issued.
iv. Claims reporting procedure and documentation in respect of each cover.
v. Time limit within which claims shall be processed and paid.
vi Gurantee/remedy against failure to settle claims as indicated.
vii. Other incidental services that shall be rendered to the Commission by the company under the contract of insurance
viii. Any other submission that will attest to the company’s reputation and capability to efficiently handle and manage the covers it is expressing interest in.
In addition to (I) above, Brokers are also expected to submit the following:
i) Evidence of Professional Indemnity Insurance cover from a duly registered insurance company.
ii) Evidence of current membership of the Nigerian Council of Registered Insurance Brokers (NCRIB).
iii) Evidence that at least a key member of staff is an Associate Member of the NCRIB.
iv) Any other submission that may assist the Commission in assessing the Broker’s capability to manage the insurance it is expressing interest in.
General Information
i) All Tender documents must be accompanied with evidence of payment of the non-refundable processing fee of N10,000.00 (Ten thousand naira) only into the INEC Revenue Accounts No. 00880040000853 with UBA Plc. Asokoro Branch, Abuja FCT.
ii) The closing date for submission of Expression of Interest shall 19th December, 2011.
iii) Only firms that are pre-qualified after the evaluation of the Expression of Interest submission will be contacted to provide financial bid.
iv) No communication shall be entered into with any unsuccessful applicant.
v) This advertisement shall not be construed as a commitment on the part of INEC nor shall it entitle the tenderer to make any claims whatsoever and or seek any indemnity from INEC by virtue of such tenderer having responded to this advert.
vi) For further information, you may contact the Insurance Desk Officer at INEC Head Quarters,
Submission
All submission of Expression of Interest should be in two copies and sealed in an envelope marked “Expression of Interest as either an Underwriter or Broker for INEC Insurance Cover (Indicating the Lot(s).
All envelopes should be addressed and submitted to:
The Secretary,
INEC Headquarters,
Plot 436 Zambezi Crescent,
PMB0184
Maitama.
