SDR Contract Administration
Chapter 443 of the Texas Insurance Code governs receiverships of entities engaged in the business of insurance. When an entity is placed into receivership, the Commissioner of Insurance ("Commissioner") is appointed the Receiver. As Receiver, the Commissioner is authorized to appoint a Special Deputy Receiver ("SDR") to carry out his duties.
SDRs are selected through a competitive bidding process, consisting of two phases:
- Applicants are qualified through a Request for Qualifications ("RFQ"). The purpose of the RFQ is to determine that an Applicant meets certain standards to serve as an SDR. Applicants meeting the requirements of the RFQ ("Qualified Applicants") may be eligible to submit a bid in response to a Request for Proposals ("RFP") for an SDR. For more information, please refer to the RFQ Process section on this page.
- When it is determined that it may be necessary to appoint an SDR in the near future, a Request for Proposals for an SDR may be issued. Eligible Applicants may submit a bid in response to the RFP. The bids are evaluated with respect to certain criteria such as qualifications, experience, and cost. The RFP process encourages the participation of Historically Underutilized Businesses ("HUBs") certified by the Texas State Comptroller under ยง2161.061 of the Government Code.
The RFQ and RFPs are coordinated by the Financial Contract Administrator within the Financial Program, who oversees the bidding and evaluation process for SDRs. The Rehabilitation and Liquidation Oversight Division of the Financial Program is responsible for monitoring the performance of SDRs. For information regarding current receiverships, please see the Rehabilitation and Liquidation Oversight Division section of this website.
RFQ PROCESS INFORMATION
The following links are to the 2010 RFQ for SDRs:
2010 RFQ Questions and Answers
The following links are for applying to become an Eligible Applicant. Attachment 1A should be used if the Applicant is an entity and Attachment 1B should be used if the Applicant is an individual.
All Applications will be reviewed to determine if they are properly completed. Completed applications will be submitted to an evaluation committee of TDI employees appointed by the Commissioner. The evaluation committee will consider the experience, abilities, references and/or background checks of the Applicant and the PRP, if applicable, to determine Applicant’s compliance with the requirements of the RFQ.
INFORMATION FOR POTENTIAL SUBCONTRACTORS
SDRs frequently use subcontractors in certain areas, such as legal, accounting, information technology, reinsurance, and claims processing, among other services. The SDRs are responsible for selecting and monitoring their subcontractors. Potential subcontractors are encouraged to register for the Texas Comptroller of Public Accounts Centralized Master Bidders List ("CMBL"), and register as a HUB, if applicable. By registering on the CMBL, you may receive notification of certain contracting opportunities. Further information is available from the Texas Comptroller of Public Accounts website at: http://www.window.state.tx.us/procurement/.
MOST USED AREAS OF CONTRACTING
The following are examples of functions that may be considered for subcontracting in a receivership:
- Accounting (including tax and forensic accounting)
- Claims adjusting
- Reinsurance collection
- Legal services
- Records management
- Asset recovery
- Computer analyst, security and data entry
These examples are included for illustration purposes only. The subcontracting of particular functions in a receivership will depend on the circumstances. Anticipated subcontracting opportunities will be identified in each RFP, and Bidders may identify other functions that may be subcontracted in a Bid Proposal.
TRAINING OPPORTUNITIES
Reserved for Future Use
SDR ELIGIBLE APPLICANTS
RECENT RECEIVERSHIPS
The most recent estates where an SDR was appointed are provided below.
First American Life Insurance Company
Angenend & Augustine, P.C., Special Deputy Receiver - Paul D. Angenend
Phone: (512) 794-8989
Email: pangenend@aalawfirm.net
Webpage: www.aalawsdr.com
Texas Nations Title Agency, Inc.
DKJ Group, Inc., Special Deputy Receiver - Darwin K. Johnson
Phone: (214) 624-5264
E-Mail: info@tntreceiver.com
WebPage: www.tntreceiver.com
Texas Memorial Life Insurance Company,
Texas Memorial Administrators, LLC, and
TME Holdings, Inc.
Jack M. Webb & Associates, Inc., Special Deputy Receiver - Robert Loiseau
Phone: (281) 586-7166
E-Mail: bobl@jackwebb.com
WebPage: www.TexasReceiver.com
Southern Star Title Company, LLC
Jennifer Ramsey, P.C., Special Deputy Receiver - Jennifer Ramsey
Phone: (512) 610-1616
Email: jramsey@jramsey-law.com
Webpage: www.sstitleco-receivership.com
Austin Indemnity Lloyds Insurance Company,
Austin Indemnity Management Company, LLC
Angenend & Augustine, P.C., Special Deputy Receiver - Paul D. Angenend
Phone: (512) 794-8989
Email: pangenend@aalawfirm.net
Webpage: www.aalawsdr.com
QUESTIONS?
For questions regarding the SDR contracting process or for more information, please e-mail SDRcontracting@tdi.state.tx.us.
For more information contact:
Last updated: 05/09/2011
