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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: RM077

Long Title: Structured Settlement

Vendor Name: ARCADIA SETTLEMENTS GROUP

Total Contract Amount: $0.00

Total Budgetary Amount: $0.00

Total Payment To Date: NA

Date of Execution: 05/26/2015

General Description: Provide structured settlement services to assist in the settlement of claims being handled by the Division of Risk Management. The vendor shall act as an agent of record for the department in procuring the best annuity products available to facilitate structured settlement of claims, considering price, insurer financial strength, and the best interest of the state risk management program.

Main Information

Agency Contract ID: RM077

FLAIR Contract ID: D0950

Short Title: Stuc Sett

Long Title: Structured Settlement

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 05/26/2015

Date of Beginning: 05/26/2015

Original End Date: 05/25/2020

New Ending Date: 05/25/2025

Agency Service Area: RM

Statutory Authority: S. 284.33, F.S.

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: Agency Request For Proposals [s. 287.057(1)(b), F.S.]

State Term Contract ID: n/a

Contract’s Exemption Justification: n/a

Agency Reference Number: DFS RM RFP 14/15-08

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: $0.00

Total Budgetary Amount: $0.00

Total Unfunded Amount: $0.00

As of Date: 7/23/2015

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$0.00 43-10-2-078001-43400100-00-100777-00 07/01/2015 2015-2016

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Renewal $0.00 R1 Renewal 03/16/2020 03/16/2020 05/25/2025
Amendment $0.00 A1 Name change 08/06/2019 08/06/2019

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
ARCADIA SETTLEMENTS GROUP CHARLOTTE NC 282110000 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
     
Medical Claims Review and Management Structured Settlements No Cost
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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 - D0950 05/26/2015 7/23/2015 1:09:17 PM
Procurement Original Contract - D0950 7/23/2015 10:50:21 AM
Amendment A1 08/06/2019 8/9/2019 2:16:28 PM
Renewal R1 03/16/2020 3/18/2020 2:15:42 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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