Current through Register Vol. XLI, No. 50, December 13, 2024
Section 115-9-2 - Definitions2.1. "Agency" or "BRIM" means the West Virginia Board of Risk and Insurance Management.2.2. "Bid" or "Bids" means documents that a vendor submits in response to a solicitation that constitutes an offer to the agency and includes, but is not limited to, documents submitted in response to a request for quotation and proposals submitted in response to a request for proposal.2.3. "Chief Financial Officer" or "CFO" means the BRIM employee designated as such who manages the Agency's Finance Department and is responsible for oversight and management of financial, investment, reporting, and budgeting functions for the agency.2.4. "Director" means the Executive Director of BRIM or the BRIM employee designated by the Director to perform a specific task or function.2.5. "Non-Responsible" means not having the capability to fully perform the contract requirements and lacking the integrity and reliability which will assure good-faith performance.2.6. "Purchase of insurance products and insurance services" means procurement of or negotiation of contracts for insurance policies, insurance coverages, insurance adjusting services, engineering services, geotechnical services, insurance producer services, investment banking and trust services, financial management services, property and liability inspection or evaluation services, boiler and machinery insurance or inspection services, appraisal services, privacy or cyber liability incident management products or services, and any other products or services considered by the Director to be necessary or appropriate to the agency's responsibilities relating to the State Privacy Office or to secure reasonably broad protection against loss, damage, or liability to property and on account of activities and responsibilities of the state or public entity program insured, through proper, adequate, available, and affordable insurance and through the employment of principles of loss control.2.7. "Purchases of a routine nature" or "routine purchase" means procurement of typical items found in any state agency such as office supplies, furnishings, technology products and services including hardware and software, and other items or services needed for the day-to-day administrative functioning of the agency.2.8. "Requisition" means a written or electronic authorization signed by the Director or his or her designee to the Agency's Finance Department, or signed by the CFO, requesting the purchase of goods or services within the scope of this procedural rule.2.9. "Solicitation" means a request for quotation (RFQ) or a request for proposal (RFP).