Actuarial Consulting Services

The vendor is required to provide actuarial consulting review and valuation of all property, liability and errors and omissions (E&O) claims since December 31, 1988, with a view to providing justifiable and adequate reserves.
- Annual reporting to the board of directors on the yearend financial statement results.
- Respond to inquiries from agency appointed auditor in their annual work on agency year-end.
- A review and recommendations regarding agency self-insured retention levels to be completed prior to December 24, 2026;
- A review and recommendations regarding agency subscriber deductible levels prior to December 24, 2026;
- An internal minimum capital test (MCT) study agency current financial position and taking into consideration the results of premiums, loss ratio, operating expenses, investments, excess insurance and other factors which may be appropriate prior to October 30, 2026.

- Contract Period/Term: 5 years