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State Contract Reporting System

Florida Department of Financial Services: F.A.C.T.S

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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: RLAR-0523-10006

Long Title: First Commercial Insurance Company in Liquidation

Vendor Name: R&L RECEIVERSHIP PAYMENTS

Total Contract Amount: $0.00

Total Budgetary Amount: $520,000.00

Total Payment To Date: NA

Date of Execution: 04/09/1998

General Description: Process premium collection files.

Main Information

Agency Contract ID: RLAR-0523-10006

FLAIR Contract ID: D0268

Short Title: RevenueSys

Long Title: First Commercial Insurance Company in Liquidation

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 04/09/1998

Date of Beginning: 04/09/1998

Original End Date: 09/09/2099

New Ending Date: 03/22/2019

Agency Service Area: RL

Statutory Authority: 631 FS

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: DRL Request for Proposal - Insurer Insolvency; Guaranty of Payment [Chapter 631, F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number:

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $0.00

Total Contract Amount: $0.00

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $520,000.00

Total Budgetary Amount: $520,000.00

Total Unfunded Amount: ($520,000.00)

As of Date: 8/28/2017

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$10,000.00 43-10-2-393001-43500100-00-100777-00 07/01/2018 2018-2019
$10,000.00 43-10-2-393001-43500100-00-100777-00 07/01/2017 2017-2018
$0.00 43-10-2-393001-43500100-00-100777-00 07/22/2016 2016-2017
$250,000.00 43-10-2-393001-43500100-00-100777-00 07/01/2015 2015-2016
$250,000.00 43-10-2-393001-43500100-00-100777-00 04/09/1998 1997-1998

Contract Change

No Contract Changes found for the contract.

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
R&L RECEIVERSHIP PAYMENTS TALLAHASSEE FL 323990000 Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
 ACCOUNTING, AUDITING, BILLING, & Continue to process the premium collection files claim records. Revenue Generating
     
 ACCOUNTING, AUDITING, BILLING, & Investigate Recovery Revenue Generating
     
 ACCOUNTING, AUDITING, BILLING, & File legal actions and/or represent FCIC in Arbitration Revenue Generating
     
 ACCOUNTING, AUDITING, BILLING, & Take follow up actions needed to collect, including final judgments and liens Revenue Generating
 Displaying 1 to 4 of 4    


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.
  

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - D0268 04/09/1998 6/18/2012 2:54:43 PM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

  • No audits have been conducted on this contract at this time.
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