Captive Insurance Company Financial Examinations
Ended State & local contract Michigan Awarded
- Contract number
- MA200000000043
- Awardee
- NOBLE CONSULTING SERVICES, INC..
- Contracting organization
- Department of Insurance and Financial Service
Contract facts
- Cumulative value
- $175,000
- End date
- Points of contact
-
- Matthew Torok torokm@michigan.gov (517) 284-8680
- Darcie Payne payned3@michigan.gov (517) 930-9402
- Drew Simon simond13@michigan.gov (517) 930-7725
- David Piner pinerd@michigan.gov (517) 284-8759
Contract details come from michigan.gov. Updated .
About this contract
This Indefinite Delivery Vehicle provides Captive Insurance Company Financial Examinations services to support the State of Michigan's regulatory oversight of Michigan-licensed captive insurance companies. The contract scope includes conducting comprehensive financial examinations of captive insurers, performing specific examination tests, documenting findings through detailed work papers, coordinating with consulting actuaries, and preparing examination reports and management letters. These services enable the Department of Insurance and Financial Services to fulfill its fiduciary responsibilities in monitoring the financial health and compliance status of state-regulated captive insurance entities.
Noble Consulting Services, Inc. serves as the prime contractor for this IDV, with the Department of Insurance and Financial Services as the contracting organization. The contract period extends from the award date of January 11, 2019, through October 31, 2026, covering the state of Michigan. The contract type is a Department of Insurance and Financial Services master agreement with a current estimated aggregate value of $280,000, resulting from an initial contract value of $175,000 plus a subsequent increase of $105,000 effective March 31, 2026. Hourly rates for examination services range from $40 per hour for administrative staff to $175 per hour for senior IT specialists, with payments processed on a Net 45 term and subject to a 1% administrative fee.
Files
| File | Type | Posted |
|---|---|---|
| 200000000043.pdf |
Quick answers
Who holds contract MA200000000043?
Contract MA200000000043 was awarded to NOBLE CONSULTING SERVICES, INC.. by Department of Insurance and Financial Service in Michigan on January 11, 2019.
How much is contract MA200000000043 worth?
Its cumulative value is $175,000.
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