Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001422
- Awardee
- EXAMINATION RESOURCES, LLC
- Contracting organization
- Department Technology, Management and Budget
Contract facts
- Cumulative value
- $1,863,636
- End date
- Points of contact
-
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
- Julie Merriman merrimanj2@michigan.gov (517) 230-9633
- Bob Lamberjack lamberjackr@michigan.gov (517) 977-8572
Contract details come from michigan.gov. Updated .
About this contract
The Department of Technology, Management and Budget Indefinite Delivery Vehicle provides Life/Health and Property/Casualty Actuarial Services and Rate Review Services to support Michigan state agencies in the examination and oversight of insurance entities. The IDV encompasses two primary service categories: (1) Actuarial Services Prequalification for examinations of insurance companies, and (2) Rate Reviews for life and health insurance rate filings as well as property and casualty insurance rate filings. Services are delivered through a competitive second-tier selection process via Statements of Work issued by the Department of Insurance and Financial Services. Hourly rates for services range from $90.00 for Administrative Associates to $295.00 for Lead Actuaries and Peer Reviewers, providing flexible staffing solutions for complex actuarial and regulatory review work.
Examination Resources, LLC, a Georgia corporation, was awarded the IDV by the Department of Technology, Management and Budget on February 1, 2025, with a contract completion date of January 31, 2028. The contract covers the State of Michigan and has an estimated aggregate value of $1,863,636.00. The contract type is a Department Technology, Management and Budget prequalified IDV with three optional one-year renewal periods available at the State's discretion. The contractor is required to maintain substantial insurance coverage including Commercial General Liability of $2,000,000, Professional Liability of $3,000,000, and Cyber Liability of $1,000,000, with payments made on Net 45 day terms and subject to a 1% administrative fee.
Files
| File | Type | Posted |
|---|---|---|
| 240000001422.pdf |
Quick answers
Who holds contract MA240000001422?
Contract MA240000001422 was awarded to EXAMINATION RESOURCES, LLC by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001422 worth?
Its cumulative value is $1,863,636.
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