Independent National Electoral Commission (INEC)

Plot 436, Zambezi Crescent, Maitama, Abuja

1.0 Introduction

In pursuance of its constitutional functions and in compliance with due process requirements, the Independent National Electroal Commission (INEC) seeks to undertake insurance policies for its operations.

To this end, the commission invites duly registered and reputable insurance Underwriters and Brokerage firms to express interest to provide cover and to manage the various insurance policies as underwriters and brokers respectively.

2.0 Scope of Work

Lots Description of Assignment

Moro Vehicle comprehensive insurance policy for the Headquarters, Abuja
Moro Vehicle comprehensive insurance policy for North Central Zone
Moro Vehicle comprehensive insurance policy for North East Zone
Moro Vehicle comprehensive insurance policy for North West Zone
Moro Vehicle comprehensive insurance policy for South East Zone
Moro Vehicle comprehensive insurance policy for South South Zone
Moro Vehicle comprehensive insurance policy for South West zone
Marine Hull (Engine) insurance policy
Group Life insurance policy for career officers (North & FCT)
Group life insurance policy for career officer (South & HQs)
Comprehensive welfare insurance policy for political office holders
Staff Electoral hazard insurance policy (North & FCT)
Staff Electoral hazard insurance policy (South & HQs)
Ad-hoc staff electoral hazard insurance policy (North Central Zone)
Ad-hoc staff electoral hazard insurance policy (North East Zone)
Ad-hoc staff electoral hazard insurance policy (North West Zone)
Ad-hoc staff electoral hazard insurance policy (South East Zone)
Ad-hoc staff electoral hazard insurance policy (South South Zone)
Ad-hoc staff electoral hazard insurance policy (South West Zone)
Electronic/computer all risk insurance policy
Fire, special perils and burglary insurance policy for HQs & FCT
Fire, special perils and burglary insurance policy for North Central Zone
Fire, special perils and burglary insurance policy for North East Zone
Fire, special perils and burglary insurance policy for North West Zone
Fire, special perils and burglary insurance policy for South East Zone
Fire, special perils and burglary insurance policy for South South Zone
Fire, special perils and burglary insurance policy for South West Zone
3.0 General Requirement For Expression of Interest

The company’s profile highlighting the following

Evidence of registration with corporate affairs commission
CTC of tax clearance certificate or acceptable evidence of up-to-date payment of Company Tax for the year 2011, 2012 and 2013
Evidence of VAT registration and remittance of all taxes
Evidence of registration and remittances of both employer and employees’ Pension Contribution including group life assurance policy
Evidence of ITF training contribution
Audited Accounts for 2011, 2012 and 2013 financial years.
Evidence of Financial capacity and banking support
Evidence of filing Annual Returns with CAC for 2011, 2012, and 2013
Details of experience and technical/professional qualifications of key personnel
List of Verifiable evidence of similar policies being managed
Company’s representative GSM number and e-mail address.
4.0 In addition to the above, Underwriters are also expected to submit the following;

National insurance commission current practicing licence
Evidence of valid reinsurance treaty arrangements
Identification of available extensions and exemptions applicable to each cover
Time within which the policy and all other documents evidencing the contract shall be issued
Claims reporting procedure and documentation in respect of each cover
Time limit within which claims shall be processed and paid
Guarantee/remedy against failure to settle claims as indicated
Other incidental services that can be rendered to the Commission by the company under the contract of insurance
Any other submission that will attest to the company’s reputation and capability to efficiently handle and manage the covers its expressing interest in.
5.0 In addition to requirements for expression of interest above, the brokers are also expected to submit the following;

National Insurance Commission current practicing licence
Evidence of professional indemnity insurance cover from a duly registered insurance company
Evidence of current membership of the Nigerian Council of registered Insurance Brokers (NCRIB)
Evidence that at least a key member staff is an Associate member of NCRIB
Any other submission that will attest to the company’s reputation and capability to efficiently handle and manage the covers its expressing interest in
6.0 General Information

The deadline for the submission of Expression of Interest shall be Wednesday, 10th December, 2014 by 12.00 noon while opening will be immediately after the deadline on Wednesday, 10th December, 2014 by 12.00 noon at the commission’s conference hall, Maitama-Abuja.

For further details, viist: http://naijainvestgateway.com/2014/11/invitation-expression-interest-independent-national-electoral-commission-inec.html