| (a) The Office shall procure insurance policies to be generally available to agencies. Policies from specific vendors shall be selected for statewide use and posted on the Office website. Unless excepted by subsections (c) or (d), agencies shall use a policy from one of these pre-selected lines. (b) To participate in a sponsored insurance policy, an agency shall complete and submit the SORM-201 along with any other information requested by the Office. The form must be submitted 15 days before the inception date of any sponsored policy. (c) Agencies must seek a written exception to obtain a line of insurance under a policy not sponsored by the Office when the Office offers the line under a sponsored policy. Agencies must submit a SORM-201 and all documentation supporting the coverage 30 days before the inception of the proposed policy. If, after review of the submission, the Office finds that the agency has unique exposures or that the purchase is necessary because of substantial or unusual risk of loss or that the coverage is necessary to protect the interests of the state, the Office shall authorize the purchase. (d) To purchase a policy from lines other than approved policies, agencies must submit a SORM-201 and all documentation supporting the necessity of the coverage 30 days before the inception of the proposed policy. If, after review of the submission, the Office finds that the agency has unique exposures or that the purchase is necessary because of substantial or unusual risk of loss or that the coverage is necessary to protect the interests of the state, the Office shall authorize the purchase. |
