Captive Insurance Company Financial Examinations
Ended State & local contract Michigan Awarded
- Contract number
- MA200000000045
- Awardee
- LEWIS & ELLIS INC
- Contracting organization
- Department of Insurance and Financial Service
Contract facts
- Cumulative value
- $175,000
- End date
- Points of contact
-
- Drew Simon simond13@michigan.gov (517) 930-7725
- Matthew Torok torokm@michigan.gov (517) 284-8680
- 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 examination services to the Michigan Department of Insurance and Financial Services (DIFS), specifically supporting the Office of Insurance Evaluation's Captive Unit. The contract establishes a pre-qualified vendor pool enabling DIFS to conduct comprehensive financial examinations of captive insurance companies through a two-tier procurement process. Services are delivered on an as-needed basis, with individual examination projects solicited through requests for quotes to ensure competitive pricing. The scope includes examination deliverables, work papers, compliance documentation, and post-examination support for up to five years, including inquiries, testimony, and administrative proceedings. Pricing is structured on hourly rates by staff position, ranging from $50.00 per hour for administration support to $165.00 per hour for CIS examiners, with an administrative fee of one percent applied to all payments.
Lewis & Ellis, Inc., a Texas-based actuarial and consulting firm, serves as the prime contractor for this IDV with the Michigan Department of Insurance and Financial Services. The contract became effective November 1, 2019, with an initial three-year term and two optional two-year renewal periods, extending the total period of performance through October 31, 2026. The initial estimated contract value was $80,000, which was subsequently increased to a total estimated aggregate contract value of $175,000 through change notices exercising renewal options. This contract applies statewide across Michigan and operates as a requirements-based indefinite delivery/indefinite quantity (ID/IQ) vehicle.
Files
| File | Type | Posted |
|---|---|---|
| 200000000045.pdf |
Quick answers
Who holds contract MA200000000045?
Contract MA200000000045 was awarded to LEWIS & ELLIS INC by Department of Insurance and Financial Service in Michigan on January 11, 2019.
How much is contract MA200000000045 worth?
Its cumulative value is $175,000.
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