ALC-Executive Subcommittee
Video
Transcript
2 documents
Machine transcript
May contain errors. Verify important quotations against the official video.
About transcript accuracy
- Source
- Whisper
- Model
- ggml-large-v3-turbo.bin
- Processing date
- October 6, 2026
all right members we're going to get this committee started executive chair sees a quorum first on the agenda is a presentation of the captive manager proposals from miss jill i see you've already made your way to the table you're
Speaker 8
2:53
recognized thank you Mr. Chair Jill Thayer Bureau of Legislative Research so you all have in your
folders an explanation of two additional captive vendor contracts that we are bringing to you for your approval the first is with Stevens Capital Management for Investment Advisor Services the The estimated fee right now would be a max of $700,000 a year, but will most likely be lower than that. The second contract is with Origami Risk. They would provide the software license and support for the captive for keeping track of all their data,
running claims through that, and providing invoicing. This has a one-time implementation fee of $66,300, as well as annual licensing fees of $64,935. And on the back of your sheet there, you have a more detailed explanation of what the origami services will include. I am working on one additional contract for the captive. It's with Sedgwick, and they will be the claims administrator for the captive. Right now, we're still finalizing the pricing terms on that.
so I can't bring that to you yet. It will be coming to this body soon, but I wanted to give you a heads-up. So for today, it would be similar to what you did last week with these two authorizing the co-chairs to take emergency action to approve the contracts once we have the terms finalized. I'll take any questions. All right, members, any
questions? Seeing none, we have a motion. or excuse me senator hester you're
Senator Bart Hester
Unverified
4:39
recognized i move we authorize the alc co-chairs to approve
the contracts by emergency action that we authorize blr to assign the contracts to the department
of shared administrative services on july 1st 2025 all right members we have a motion in the second we have
a second all those in favor signify by saying aye aye opposed the ayes have it motion carries you know the business members seeing no other business thanks for your participation, we are adjourned.
Agenda
A. Call to Order
B. Presentation of Claims Administration Services Agreement with Sedgwick Claims Management Services, Inc.
- Presented by: Ms. Jill Thayer, Chief Legal Counsel, Bureau of Legislative Research
C. State Captive Insurance Program Coverage Presentation
- Presented by: Mr. J.R. Bizzell and Mr. Ted Grace, Stephens Insurance, and Mr. Kyle Hales, Perr & Knight
D. Director's Report
E. Other Business
F. Adjournment
Documents
| Title | Type | Pages | Source |
|---|---|---|---|
| Agenda — ALC - EXECUTIVE SUBCOMMITTEE, May 21, 2025 | Agenda | 1 | Official source ↗ |
| Exhibit B - Captive Manager Proposals - May 21, 2025 | Exhibit | 2 | Official source ↗ |
Speakers
Speaker 3
Representative Les D. Eaves Chair
Unverified
Speaker 8
Senator Bart Hester
Unverified