Blanket Bonding for Limited Video Lottery Permit Holders

The West Virginia Purchasing Division is soliciting bids to establish an open-end contract for Blanket Bonding of Limited Video Lottery (LVL) Permit Holders. The contract requires the vendor to provide blanket bonding services for LVL permit holders, with a minimum of $2,000 coverage per permit. The vendor must be licensed to do business in West Virginia, be in good standing with the Insurance Commissioner's Office, and have a Best's "A+" or "A" rating. The contract will be awarded to the vendor with the lowest overall total cost. Key aspects of the job include: • Providing blanket bonding services for LVL permit holders • Meeting the mandatory requirements listed in the solicitation • Complying with all applicable laws, rules, and ordinances • Providing a copy of the Best Trend Report for the current year • Completing the Pricing Page in its entirety • Some of the key points to consider are: • The contract is for a term of one year, with the option for renewal • The vendor must provide a master bond containing a computerized list of all covered LVL permit holders • The vendor must update the listing annually to reflect changes and deletions • The contract requires the vendor to provide a schedule for performance of contract services and deliverables • The vendor must comply with the State's security protocols and procedures