Invitation for Insurance Underwriters and Brokers to Express Interest at the University of Jos

The University of Jos wishes to invite prospective Insurance Underwriters and Brokers to express interest in the following Insurance policies:

• Fire and Special perils (Building).
• Private/Commercial Vehicles and motorcycles.
• Equipment and Computers.

Interested and competent Underwriters/Brokers are expected to provide professional services in area of insurance cover relating to fixed assets in the above policies. In line with Public Procurement Act, 2007, viable Insurance Companies are to submit the following documents:

Mandatory Requirements:

• Certified True Copy of Certificate of incorporation.
• Certified True copy of Memorandum & Articles of Association.
• Copy of Forms C02 & C07.
• Evidence of Registration with NAICOM.
• Certified True Copy of Tax Clearance Certificate for the last three years.
• Certified True Copy of three years Company's Annual Returns to CAC.
• Certificate of Compliance with PENCOM.
• Audited accounts for the past three years certified by NAICOM.
• Evidence of VAT Registration and Remittance.
• Evidence of ITF Registration and Remittance.
• Evidence of NSITF Registration.

Other Requirements

• Comprehensive Company Profile including ownership Structure, Management Team, Technical/Other staff, Registered Addresses/Other Contract Details.
• Evidence of Financial Capacity and Banking Support.
• A Statement of Declaration or Affidavit attesting to the fact that none of the bidder's company Director/Principal Officers has ever been convicted for any criminal offences and confirmation of Legal Capacity to other contracts.
• A sworn affidavit indicating that all documents submitted are genuine, verifiable and that, no officer of the University has a pecuniary interest or is a former, present Director or shareholder in the company.

In Addition to the Above

• Underwriters are also expected to submit the following:
  • Detailed Description of your understanding of the Scope of Work.
  • Evidence of valid reinsurance treaty arrangements.
  • Evidence of branch network and an identification office address in Jos.
• Insurance brokers are also expected to submit the following:
  • Detailed Description of your Understanding of the Scope of Work.
  • Evidence of Current and Adequate Professional indemnity Cover.
  • Evidence of current membership of NCRIB.
  • Evidence that at least a key member of staff is an Associate member of NCRIB.
  • Evidence of an identifiable Office in Jos.
  • Any other submission that may assist the Bank in assessing the Broker capacity.

Submission
The submission of the Expression of Interest must be submitted with evidence of payment of non-refundable sum of twenty-five thousand Naira only (N25,000.00) per lot as processing fee, obtained from Bursary, University of Jos. All documents should be spiral bound, packaged in an envelope and clearly marked Expression of Interest For Provision of Professional Services In Area of Insurance Cover for Insurance Underwriters and Expression of Interest for Provision of Professional Services In Area of Insurance Brokerage for brokers. It should be submitted not later than 12 noon Tuesday, 29th August, 2017 at:
Room 94,
Administrative Block,
Bauchi Road Campus,
Jos.

The documents shall be opened on that same day in the Senate Chambers, Bauchi Road Campus, University of Jos. All Companies who applied are invited to attend the meeting for the opening of the documents. Interested Underwriters/Brokers are requested to bring along the originals of the documents for sighting during opening of the bids. Please note that the University of Jos reserves the right to reject any or all the expression of Interest documents and is not bound to give reasons to any unsuccessful applicant(s). Only pre-qualified Underwriters/Brokers will be notified to bid.

You may add any other information/details that will facilitate success of the prequalification and that which will enhance compliance with statutory provisions.