Captive Insurance Company Actuarial Examinations

This indefinite delivery vehicle provides comprehensive actuarial examination services for captive insurance companies operating in Michigan. The contract encompasses the full scope of actuarial reviews, assessments, and examinations required to ensure compliance with state regulatory standards and to validate the financial soundness of captive insurance operations. These services are designed to support Michigan's regulatory oversight of alternative risk transfer mechanisms and to assist captive insurance entities in meeting their statutory actuarial requirements and governance obligations.

The prime contractor for this IDV is Paradigm Actuaries LLC, with the contract established effective October 12, 2026. The contracting organization is the State of Michigan, with geographic coverage limited to Michigan operations. The contract is structured as an indefinite delivery vehicle, providing the state and eligible users with on-call access to specialized actuarial examination services as needed throughout the period of performance.