Captive Insurance Company Financial Examinations

This IDV provides financial examination services specifically designed for captive insurance companies operating within Michigan. The contract authorizes procurement of comprehensive regulatory examination and compliance services related to captive insurance operations, including financial assessments, regulatory compliance verification, and related consulting services necessary to support the state's insurance regulatory oversight functions.

Insurance Regulatory Insurance Services Inc. serves as the prime contractor under this indefinite delivery vehicle, with the State of Michigan serving as the contracting organization. The contract was awarded on October 12, 2026, establishing a vehicle to support Michigan's insurance regulatory activities. This arrangement enables the state to access specialized expertise in captive insurance company examinations on an as-needed basis, ensuring consistent regulatory compliance and financial oversight within the state's captive insurance sector.