S 3333
Requires certain public contracts for insurance coverage and consulting services to be awarded through competitive contracting process.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill requires certain public contracts for insurance coverage and consulting services to be awarded through a competitive contracting process. It applies to boards of education and local contracting units, ensuring transparency and potentially reducing costs. Specifically, it mandates that insurance consultants be compensated directly by the entity procuring the services and prohibits insurers from paying them commissions. The bill also introduces requirements for disclosure, certification, and evaluation of proposals to ensure a fair and competitive bidding process.
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