Closed
Provision of Guardianship (Missing Persons) Surety Bonds
Descriptions
The Office of the Public Guardian (OPG) is an executive agency of the Ministry of Justice (MoJ) that supports the Public Guardian in discharging his duties. The OPG expects to put in place a contract for the provision of surety bonds, also called security bonds, to cover the performance of guardians of missing persons. The tender process will appoint an insurance broker who will be responsible and accountable for the administration and management of the provision of surety bonds. The broker will be responsible for the procurement exercise to select suitable insurer/ insurers for the provision of surety bonds. The Guardianship (Missing Persons) Act 2017 (the Act) was passed to assist families and others to look after the property and financial affairs of a person who is missing. The Act, which comes into force in July 2019, empowers the High Court to appoint a guardian to take control of the property or financial affairs of a missing person. Guardians will be required to act in the best interests of the missing person and to ensure they are carrying out their duties accordingly. The High Court will make an order appointing a guardian, which will specify whether a surety bond is required. The court will decide on the value of the surety. The surety bond is a guarantee to pay any financial losses arising from the Guardian's improper performance or failure to exercise their functions. Guardians will be supervised by the Office of the Public Guardian. The role of the Public Guardian will be similar to his role in the registration and supervision of deputies appointed in respect of persons lacking mental capacity under the Mental Capacity Act 2005.
Timeline
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Tender Regions
CPV Codes
66518100 - Insurance brokerage services
66510000 - Insurance services
66518000 - Insurance brokerage and agency services
66000000 - Financial and insurance services
66517200 - Surety insurance services
66517000 - Credit and surety insurance services
66500000 - Insurance and pension services
Keywords
banking services
investment support
insurance coverage
loan processing
credit services
pension management
asset protection
financial consulting
risk management
economic advisory
insurance services
pension services
coverage solutions
risk protection
retirement funding
life and non-life insurance
pension fund management
financial safeguard services
insurance offerings
pension planning services
general insurance
non-life insurance
risk policies
casualty coverage
insurance contracts
policy underwriting
insurance provision
commercial insurance
personal insurance
insurance product offerings
credit insurance
surety guarantee insurance
bond issuance cover
financial guarantee insurance
debtor default protection
performance bond
payment guarantee services
indemnity for credit risk
surety policies
loan repayment insurance
surety bond services
performance guarantee
contract bond cover
suretyship insurance
payment guarantee bond
contractor bond
bid bond services
indemnity guarantee
project assurance insurance
performance bond protection
insurance brokerage
insurance agency
intermediary services
broker services
agency representation
policy placement
client insurance advisor services
insurance distribution services
brokered insurance
agency insurance solutions
insurance broker services
brokered policy arrangements
client insurance brokering
independent insurance brokering
risk placement brokers
multi-line brokerage
broker-facilitated insurance
brokerage commission services
insurance intermediary broker
insurance placement brokerage
Tender Lot Details
2 Tender Lots
Workflows
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Possible Competitors
1 Possible Competitors
