Insurance Regulatory Analytical and Examination Services

The Arizona Department of Administration's Master Agreement CTR070880 is a comprehensive Indefinite Delivery Vehicle (IDV) for Insurance Regulatory, Analytical, and Examination Services. The contract covers a wide range of specialized insurance-related service categories, including financial examinations, market conduct analyses, insurance risk assessments, compliance reviews, and data management. Vendors can provide services across multiple professional roles such as Financial Research Support, Investment Specialization, Technology Analysis, and specific insurance examination functions like Pharmacy Benefit and Mental Health Parity evaluations.

The master agreement is awarded to L Nielson LLC and will operate from March 31, 2024, through March 30, 2029, covering the state of Arizona. The contract is structured as a master service agreement with a flexible, as-needed procurement approach and no guaranteed spending commitment. Pricing for services has been established with scheduled incremental increases: initially $160.00, increasing to $165.00 on March 31, 2025, and further rising to $170.00 on March 31, 2026. The contract includes comprehensive liability insurance coverage and is governed by Arizona Revised Statutes, with the potential for individual work assignments to be issued throughout the contract period.