Captive Insurance Company Actuarial Examinations
Active State & local contract Michigan Awarded
- Contract number
- MA200000000053
- Awardee
- INS CONSULTANTS INC
- Contracting organization
- Department of Insurance and Financial Service
Contract facts
- Cumulative value
- $60,000
- End date
- Points of contact
-
- Drew Simon simond13@michigan.gov (517) 930-7725
- 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 (DIFS) established this Indefinite Delivery Vehicle to procure captive insurance company actuarial examination services. The IDV provides comprehensive examination support, including actuarial analysis, regulatory compliance assessments, and detailed examination reports for Michigan-licensed captive insurance entities. Specific examination assignments are issued through individual Requests for Quote, with deliverables encompassing examination reports, findings, and compliance documentation. The contract encompasses services from actuaries specialized in both life/health and property/casualty insurance lines, with hourly rates ranging from $225 to $275 per hour depending on actuarial classification and specialty.
INS Consultants, Inc. serves as the prime contractor for this IDV under the Department of Insurance and Financial Services. The contract was originally executed on November 1, 2019, with the most recent contract change notice extending the period of performance through October 31, 2026. Coverage is statewide throughout Michigan. The total estimated aggregate contract value is $120,000, established on an hourly basis for actuarial services with Net 45 payment terms and a 2% early payment discount available for invoices paid within 15 days of receipt.
Files
| File | Type | Posted |
|---|---|---|
| 200000000053.pdf |
Quick answers
Who holds contract MA200000000053?
Contract MA200000000053 was awarded to INS CONSULTANTS INC by Department of Insurance and Financial Service in Michigan on January 11, 2019.
How much is contract MA200000000053 worth?
Its cumulative value is $60,000.
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