Sand Springs Municipal Authority AgendaPacket 2026-06-22
City Renews OMAG Municipal Liability Coverage for FY27
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Description
Sand Springs is renewing its Municipal Liability Protection Plan with Oklahoma Municipal Assurance Group for FY27 at an annual premium of $343,458. The coverage continues long-standing liability protection for the City and Municipal Authority, reflecting a 5% rate increase and additional insured items.
Contract Details
Contract Amount
$343,458.00
Vendor
OKLAHOMA MUNICIPAL ASSURANCE GROUP
Agency
City of Sand Springs, OK
Contract Type
INSURANCE
Document Date
June 22, 2026
Contract Term
Fiscal Year 2027 (policy period not explicitly dated, but FY27)
Renewal Date
2027-06-30
Renewal Info
Ongoing annual Municipal Liability Protection Plan with OMAG; FY27 renewal includes premium increase and additional covered items. Future renewals anticipated annually through budget process.
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