Captive Insurance Company Actuarial Examinations
Ended State & local contract Michigan Awarded
- Contract number
- MA200000000042
- Awardee
- ACTUARIAL & TECHNICAL SOLUTIONS INC
- Contracting organization
- Department of Insurance and Financial Service
Contract facts
- Cumulative value
- $60,000
- End date
- Points of contact
-
- David Piner pinerd@michigan.gov (517) 284-8759
- Matthew Torok torokm@michigan.gov (517) 284-8680
Contract details come from michigan.gov. Updated .
About this contract
The Michigan Department of Insurance and Financial Services has established an indefinite delivery vehicle for captive insurance company actuarial examination services. This contract provides specialized actuarial expertise for conducting comprehensive examinations of Michigan-licensed captive insurance companies, ensuring regulatory compliance and financial stability. Services available under this IDV include actuarial examinations performed by credentialed actuaries, actuarial analysts, and administrative support personnel. Work products, examination findings, and compliance documentation are submitted to DIFS, with contractor availability required for meetings, hearings, and administrative proceedings related to examination activities. The contract structure requires contractors to maintain appropriate professional affiliations and insurance certifications while adhering to Michigan insurance laws and regulatory requirements.
Actuarial & Technical Solutions Inc. serves as the prime contractor for this IDV, which is administered by the Michigan Department of Insurance and Financial Services. The initial contract period commenced November 1, 2019, with an original three-year term through October 31, 2022. Change Notice 2, executed effective November 21, 2023, exercised the final two-year renewal option, extending the contract expiration date to October 31, 2026. The contract operates on an hourly rate basis with credentialed actuaries billed at $220.00 per hour, actuarial analysts at $100.00 per hour, and administrative support at $50.00 per hour. The estimated aggregate contract value is $60,000, with services procured through purchase orders and requests for quotes within the pre-qualification pool structure. Geographic coverage is limited to the State of Michigan.
Files
| File | Type | Posted |
|---|---|---|
| 200000000042.pdf |
Quick answers
Who holds contract MA200000000042?
Contract MA200000000042 was awarded to ACTUARIAL & TECHNICAL SOLUTIONS INC by Department of Insurance and Financial Service in Michigan on January 11, 2019.
How much is contract MA200000000042 worth?
Its cumulative value is $60,000.
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