Actuarial Consulting Services

The Vendor is required to provide actuarial consulting services for include:
- Discrete billable services:
• Property and casualty rate and rule filings reviews
• Including review and analysis of workers compensation loss reserves and discount rates, submission of updates to the department and handling direct inquiries to and from companies;
• Inc. filing review, written analysis and expert witness testimony;
• Captive applications review;
• Captive annual financial reviews;
• Accident and health rate filing reviews and expert opinions at public hearings and comment sessions;
• Life and annuity form filing reviews;
• Consulting services for the office of value based health care delivery; and
• Review and analysis of long-term care and Medicare supplement rates.
- Discretionary non-billable services:
• As needed advice on legislative changes, including regulations and bulletins;
• Department staff inquiries;
• Expert advice to executive staff and division heads on short-term discrete issues or projects;
• Responses to NAIC inquiries regarding state filings;
• Review of loss reserve discount rates with regards to permitted accounting practices; and
• Review of reinsurance agreements.