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RESOLUTION AUTHORIZING AN EXCESS LIABILITY INSURANCE COVERAGE POLICY WITH GEMINI INSURANCE COMPANY AND AMERICAN ALTERNATIVE INSURANCE CORPORATION FOR THE COUNTY OF PASSAIC, PURSUANT TO N.J.S.A. 40A:11-5(1)(M)
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WHEREAS, the County of Passaic (“County”) is a body politic and corporate pursuant to N.J.S.A. 40:18-1 and vested with all rights contained therein; and
WHEREAS, pursuant to N.J.S.A. 40:20-1, the Board of County Commissioners of the County of Passaic (“Board”) is vested with managing the property, finances, and affairs of the County; and
WHEREAS, pursuant to N.J.S.A. 40A:11-5(1)(m), any contract the amount of which exceeds the bid threshold may be negotiated and awarded by the Board without public advertising of bids and bidding thereof, if it is for insurance, including the purchase of insurance coverage and consultant services; and
WHEREAS, on November 18, 2024, the Board approved Resolution No. R-24-977, exercising the fourth one-year option with Acrisure f/k/a Bergen Risk Managers, Inc. (“Acrisure”) under RFP-20-033, for third party administration of general liability and workers’ compensation claims from January 1, 2025 to December 31, 2025; and
WHEREAS, after soliciting multiple quotes for the purchase of excess liability insurance coverage for the County, Acrisure is recommending that the County purchase excess liability insurance policies from Gemini Insurance Company for a premium amount not to exceed eight hundred two thousand three hundred fifty dollars ($802,350.00) and from American Alternative Insurance Corporation for a premium amount not to exceed five hundred eighty-one thousand two hundred thirty-nine dollars ($581,239.00); and
WHEREAS, pursuant to N.J.S.A. 19:34-32, no insurance corporation or association doing business in this state shall, directly or indirectly, pay or use, or offer, consent or agree to pay or use, any money or property for or in aid of any political party, committee, organization or corporation, or for or in aid of any candidate for political office, or for nomination for such office, or for any political purpose whatsoever, or for the reimbursement or indemnification of any person for money or property so used; and
WHEREAS, pursuant to N.J.S.A. 52:32-60.1, et seq., Gemini Insurance Company and American Alternative Insurance Corporation executed the Non-Involvement in Prohibited Activities in Russia or Belarus Certification, certifying that they are not involved in prohibited activities in Russia and Belarus, and the County confirmed that said vendors are not identified on the Specially Designated Nationals and Blocked Persons list created by the Office of Foreign Assets Control; and
WHEREAS, funds are available in Account No. T-19-56-850-000-801, or any other account that may be deemed appropriate by the Chief Financial Officer or his designee, and the availability of funds has been contingently certified by the Chief Financial Officer subject to sufficient funds being appropriated by the Board in the 2025 and/or subsequent County budget(s), which is attached hereto and made part of this Resolution; and
WHEREAS, this matter was discussed at the September 18, 2025 Insurance Commission meeting, and is being recommended to the Board for approval.
NOW, THEREFORE, LET IT BE RESOLVED, pursuant to N.J.S.A. 40A:11-5(1)(m), the Board of County Commissioners of the County of Passaic authorizes the purchase of excess liability insurance coverage from Gemini Insurance Company for a premium amount not to exceed eight hundred two thousand three hundred fifty dollars ($802,350.00) and from American Alternative Insurance Corporation for a premium amount not to exceed five hundred eighty-one thousand two hundred thirty-nine dollars ($581,239.00), for an overall total not to exceed one million three hundred eighty-three thousand five hundred eighty-nine dollars ($1,383,589.00).
LET IT BE FURTHER RESOLVED, that the Chief Financial Officer is authorized to remit payment to Acrisure, which in turn will remit payment to Gemini Insurance Company and American Alternative Insurance Corporation for the excess liability insurance coverage purchased herein.
LET IT BE FURTHER RESOLVED, that the Clerk of the Board shall print, in the official newspaper, a brief notice stating the nature, duration, service, and amount of the contract awarded to Gemini Insurance Company and American Alternative Insurance Corporation, and maintain a copy of this Resolution on file and available for public inspection in the Office of the Clerk to the Board.
LET IT BE FURTHER RESOLVED, that the Clerk of the Board, County Counsel, County Administrator, Chief Financial Officer, and Director of the Board are authorized to take any action necessary to carry out the purpose of this Resolution.
NB September 30, 2025