Workers Compensation Claims Third Party Administrator (TPA)

The Department of Business and Industry, Division of Insurance, is soliciting bids from qualified and licensed workers compensation third-party administrators for claims administration services for the Insolvency Fund for Self-Insured Employers and the Insolvency Fund for Self-Insured Associations. The selected vendor will be responsible for administering workers' compensation claims, managing claims data, and providing reports to the Division. The contract term is expected to be four years, subject to Board of Examiners approval. • Administer workers' compensation claims of insolvent self-insured employers and associations • Manage claims data and provide reports to the Division • Ensure timely payment of benefits and expenses • Comply with all State and federal laws and regulations • Provide a dedicated claims adjuster and maintain proper claim file documentation • Enhance or modify claim handling software as needed • Ensure data encryption and maintain State data assets in the United States