The vendor is required to provide department-wide and are broken down into two parts:  discrete billable services, which consist of the exam services listed below, and discretionary billable services, which consist of the expert financial services listed below under special deputy services.
- Exam services – discrete billable services
• Scheduling and monitoring state participation in agency exams of non-domestic companies as deemed appropriate by the department;
• Providing training, technical and it support for all examiners;
• Preparing certificates of reserve valuation for all domestic insurance companies required by law to file such valuation reports with the department;
• Advancing fees and expenses to contract examiners for participation in exams;
• Advising the commissioner and the department concerning all applicable examination and valuation standards;
• Attending and participating in hearings relating to examination and valuation matters at the request of the commissioner;
• Arranging for actuarial and any other professional services as needed for exams;
• Providing a detailed time and cost budget for each exam performed;
• Preparing examination reports in compliance with department and agency standards; and
• Preparing invoices for submission for both the contractor’s and the department’s exam charges and expenses.
- Special deputy services – discretionary billable services
• Advising the commissioner and the department on an as needed basis concerning admission applications for both traditional and captive insurers;
• Advising the commissioner and the department on an as needed basis concerning mergers and acquisitions of state domiciled insurers (both property & casualty and life and health);
• Attending agency national meetings at the request and discretion of the commissioner and prepare or assist in preparing presentations for department staff as needed or requested;
• Participating in agency task force conference call and meetings at the request and discretion of the commissioner;
• Assisting as necessary, the department’s compliance with agency accreditation standards and examinations;
• Assisting and advising as necessary, the department’s drafting and submission of legislation, regulations and bulletins; and
• Assisting and advising the commissioner and/or the department as needed on any department regulatory matter at the discretion of the commissioner and/or the department.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: March 21, 2025