DFS Header

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

Tweet

Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: RM078

Long Title: Broker of Record Contract

Vendor Name: PUBLIC RISK INSURANCE AGENCY

Total Contract Amount: $111,998,713.84

Total Budgetary Amount: $119,750,945.59

Total Payment To Date: $118,707,667.78

Date of Execution: 09/29/2015

General Description: Brokerage services for excess property insurance and consulting services. Contracted services detailed in Exhibit 1 of the contract constitute the services to be performed by the Broker of Record.

Main Information

Agency Contract ID: RM078

FLAIR Contract ID: D1011

Short Title: PRIA

Long Title: Broker of Record Contract

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Active

Date of Execution: 09/29/2015

Date of Beginning: 09/29/2015

Original End Date: 09/30/2020

New Ending Date: 11/30/2025

Agency Service Area: RM

Statutory Authority: S. 215.422, 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 Invitation to Negotiate [s. 287.057(1)(c), F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: DMS ITN #16-84131500-R

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: $55,973,719.00

Total Contract Amount: $111,998,713.84

Total Recurring Budgetary Amount: $119,750,945.59

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $119,750,945.59

Total Unfunded Amount: ($7,752,231.75)

As of Date: 12/8/2025

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$24,999.92 43-10-2-078001-43400100-00-100777-00 07/01/2025 2025-2026 A4/E2
$24,999.92 43-10-2-078001-43400100-00-100777-00 07/01/2025 2025-2026 A3E1
$265,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2025 2025-2026
$82,499.75 43-10-2-078001-43400100-00-100777-00 07/01/2025 2025-2026
$14,052,500.00 43-10-2-078001-43400100-00-101221-00 07/01/2024 2024-2025 R1A2
$265,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2024 2024-2025
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2024 2024-2025 R1A2
$14,052,500.00 43-10-2-078001-43400100-00-101221-00 07/01/2023 2023-2024 R1A2
$261,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2023 2023-2024
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2023 2023-2024 R1A2
$188,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2022 2022-2023
$10,865,000.00 43-10-2-078001-43400100-00-101221-00 07/01/2022 2022-2023 R1A2
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2022 2022-2023 R1A2
$119,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2021 2021-2022
$10,865,000.00 43-10-2-078001-43400100-00-101221-00 07/01/2021 2021-2022 R1A2
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2021 2021-2022 R1A2
$105,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2020 2020-2021
$10,865,000.00 43-10-2-078001-43400100-00-101221-00 07/01/2020 2020-2021 R1A2
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2020 2020-2021 R1A2
$112,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2019 2019-2020
$10,865,000.00 43-10-2-078001-43400100-00-101221-00 07/01/2019 2019-2020
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2019 2019-2020
$70,000.00 43-10-2-078001-43400100-00-040000-00 07/01/2018 2018-2019
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2018 2018-2019
$10,865,000.00 43-10-2-078001-43400100-00-101221-00 07/01/2017 2017-2018
$10,865,000.00 43-10-2-078001-43400100-00-101221-00 01/07/2018 2017-2018
$38,578.00 43-10-2-078001-43400100-00-040000-00 08/01/2017 2017-2018
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2017 2017-2018
$10,856,128.00 43-10-2-078001-43400100-00-101221-00 07/01/2016 2016-2017
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2016 2016-2017
$10,743,750.00 43-10-2-078001-43400100-00-101221-00 07/01/2015 2015-2016
$329,999.00 43-10-2-078001-43400100-00-100777-00 07/01/2015 2015-2016


No Non-Recurring Budgetary records found for this contract.

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Extension $24,999.92 A4/E2 Amendment / Extension 10/31/2025 10/30/2025 11/30/2025
Extension $24,999.92 A3E1 extension 09/30/2025 09/22/2025 10/31/2025
Renewal $55,974,995.00 R1A2 Renewal/Amendment 10/01/2020 06/22/2020 09/30/2025
Amendment $0.00 A1 Names of exhibit, Contract Manager, and invoicing. 01/01/2016 01/06/2016

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
PUBLIC RISK INSURANCE AGENCY RISK MANAGEMENT ASSOCIATES, INC DAYTONA BEACH FL 321140000 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
     
Insurance services for structures and property and possessions Provide general risk control consultations and training to the Insured, state agencies and state uni... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk management consulting services to assist state agencies an... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk control consulting services at the insured, state agency a... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide general risk control consultations and training to the Insured, state agencies and state uni... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk management consulting services (Exhibit 2 Fee schedule). H... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk control consulting services (Exhibit 2 Fee schedule). Hour... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide general risk control consultations and training to the Insured, state agencies and state uni... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk management consulting services (Exhibit 2 Fee schedule). H... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk control consulting services (Exhibit 2 Fee schedule). Hour... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide general risk control consultations and training to the Insured, state agencies and state uni... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk management consulting services (Exhibit 2 Fee schedule). H... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk control consulting services (Exhibit 2 Fee schedule). Hour... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide general risk control consultations and training to the Insured, state agencies and state uni... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk management consulting services (Exhibit 2 Fee schedule). H... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Provide program or industry specific risk control consulting services (Exhibit 2 Fee schedule). Hour... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Ensure the timely billing and payment of all documents and premiums - excess property insurance Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Quarterly fee for all requested Insurance brokerage services excepting consulting services Contract ... Fixed Price - Lump Sum
     
Insurance services for structures and property and possessions Quarterly fee for all requested Insurance brokerage services excepting consulting services Contract ... Fixed Price - Lump Sum
     
Insurance services for structures and property and possessions Annual fee for all requested Insurance brokerage services excepting consulting services Contract Yea... Fixed Price - Lump Sum
     
Insurance services for structures and property and possessions Annual fee for all requested Insurance brokerage services excepting consulting services Contract Yea... Fixed Price - Lump Sum
     
Insurance services for structures and property and possessions Ensure the timely billing and payment of all documents and premiums - excess property insurance 2/1... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Ensure the timely billing and payment of all documents and premiums - excess property insurance 2/1... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Ensure the timely billing and payment of all documents and premiums - excess property insurance 2/1... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Ensure the timely billing and payment of all documents and premiums - excess property insurance 2/1... Fixed Fee / Unit Rate
     
Insurance services for structures and property and possessions Quarterly fee for all requested Insurance brokerage services excepting consulting services Contract ... Fixed Price - Lump Sum
 Displaying 1 to 25 of 33     1 2 Next  Last


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.

Payment Details

"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.
More Fiscal Year Total Amount
     
2025-2026 $290,985.28
     
2024-2025 $14,390,831.94
     
2023-2024 $14,418,058.00
     
2022-2023 $11,313,454.98
     
2021-2022 $11,268,976.33
     
2020-2021 $11,235,110.00
     
2019-2020 $11,268,546.00
     
2018-2019 $11,202,957.00
     
2017-2018 $11,196,042.00
     
2016-2017 $11,156,127.00
     
2015-2016 $10,966,579.25

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 - D1011 09/29/2015 1/21/2016 10:44:14 AM
Amendment A1 01/06/2016 1/21/2016 10:46:28 AM
Extension A3E1 09/22/2025 10/6/2025 2:56:57 PM
Extension A4/E2 10/30/2025 12/2/2025 5:08:27 PM
Renewal R1A2 06/22/2020 7/15/2020 2:05:42 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.
Audit Type Review Date Fiscal Year View
Contract Review 05/25/2016 2015-2016 View
BACK TO TOP    



2011 © Florida Department of Financial Services