INSURANCE CONTRACT MANAGEMENT CHECKLIST

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--- CONTRACT INITIATION & APPROVAL ---
[ ] Date of Initial Request
[ ] Requesting Department (Claims, Underwriting, Legal, Finance)
[ ] Description of Need/Purpose
[ ] Estimated Value of Contract
[ ] Contract Type (Service Agreement, Vendor Agreement, Partnership Agreement, Lease Agreement)
[ ] Relevant Legal Review Required (Data Privacy, Intellectual Property, Regulatory Compliance)
[ ] Requesting Manager Approval

--- CONTRACT DRAFTING & REVIEW ---
[ ] Contract Purpose Description
[ ] Governing Law Selection (Jurisdiction A, Jurisdiction B, Jurisdiction C)
[ ] Contract Term (Years)
[ ] Effective Date
[ ] Specific Clauses Requiring Legal Review (if any)
[ ] Supporting Documentation (e.g., Rate Schedules, Policy Wordings)
[ ] Review Status (Draft, Needs Revision, Approved)

--- RISK ASSESSMENT & DUE DILIGENCE ---
[ ] Counterparty Risk Rating (Low, Medium, High)
[ ] Financial Stability Score (e.g., credit rating)
[ ] Reputational Risks Identified (Legal Disputes, Environmental Concerns, Ethical Violations, Data Security Breaches)
[ ] Summary of Due Diligence Findings
[ ] Supporting Documentation (e.g., financial statements)
[ ] Geopolitical Risk Assessment (Minimal, Moderate, Significant)
[ ] Date of Last Risk Assessment Review

--- NEGOTIATION & AMENDMENTS ---
[ ] Negotiation Start Date
[ ] Number of Negotiation Rounds
[ ] Summary of Key Negotiation Points
[ ] Negotiation Outcome (e.g., Successful, Compromise, Unsuccessful) (Successful, Compromise, Unsuccessful)
[ ] Negotiation Correspondence (Emails, Meeting Minutes)
[ ] Amendment Effective Date
[ ] Description of Amendment Changes

--- EXECUTION & STORAGE ---
[ ] Contract Execution Date
[ ] Authorized Signatory Signature
[ ] Signed Contract Document
[ ] Contract Value (USD)
[ ] Storage Location (Physical/Digital) (Physical File, Cloud Storage, Shared Drive)
[ ] Digital Storage Path/File Name

--- PERFORMANCE MONITORING ---
[ ] KPI: Claim Settlement Ratio (%)
[ ] KPI: Average Claim Processing Time (Days)
[ ] KPI: Customer Satisfaction Score (Scale of 1-5)
[ ] Contract Performance Status (On Track, At Risk, Needs Improvement, Critical)
[ ] Last Performance Review Date
[ ] Summary of Performance Observations
[ ] Areas Requiring Improvement (Select all that apply) (Pricing, Service Delivery, Communication, Contract Terms, Risk Management)

--- RENEWAL/TERMINATION ---
[ ] Contract Expiration Date
[ ] Renewal Option (Renew, Do Not Renew, Negotiate New Terms)
[ ] Renewal Premium (if applicable)
[ ] Reason for Termination (if applicable)
[ ] Notification Date to Counterparty
[ ] Authorized Signature for Termination

--- COMPLIANCE & AUDIT ---
[ ] Last Audit Date
[ ] Audit Type (Internal, External)
[ ] Audit Score (0-100)
[ ] Audit Findings Summary
[ ] Areas of Non-Compliance (Select all that apply) (Data Privacy, Regulatory Reporting, Contract Terms, Financial Controls)
[ ] Auditor Signature

--- DOCUMENTATION & RECORD KEEPING ---
[ ] Contract Execution Date
[ ] Summary of Key Terms
[ ] Scanned Contract Document
[ ] Contract Value (USD)
[ ] Document Storage Location (Shared Drive, Cloud Storage, Physical Archive)
[ ] Last Document Review Date

--- ESCALATION & ISSUE RESOLUTION ---
[ ] Detailed Description of Issue
[ ] Issue Severity (Low, Medium, High, Critical)
[ ] Issue Category (Legal, Financial, Operational, Regulatory)
[ ] Days Since Issue Raised
[ ] Date Issue Reported
[ ] Assigned To
[ ] Resolution Steps Taken
[ ] Date Issue Resolved

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