County Buys Out Insurance Broker Contract with NIS
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Description
The Board acknowledged its existing broker contract with National Insurance Services through 2026 and agreed to buy out the 2026 term for approximately $48,000. This amendment clears the way for the County to change insurance brokers effective January 1, 2026.
Contract Details
Contract Amount
Approximately $48,000 (2026 contract buyout)
Vendor
NATIONAL INSURANCE SERVICES (NIS)
Agency
Clay County, MN
Contract Type
FINANCIAL_SERVICES
Document Date
August 26, 2025
Contract Term
Through 2026, with early termination via buyout for 2026
Renewal Date
2026-12-31
Renewal Info
Contract originally ran through 2026; Board action effectively terminates and buys out the 2026 term rather than renewing.
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