200000000043.pdf
PDF 11 MB Posted
- Contract number
- MA200000000043
- Issued by
- Michigan
About this file
This is a Contract Change Notice (Change Notice #4) to Contract #200000000043 between the State of Michigan Department of Insurance and Financial Services (DIFS) and Noble Consulting Services, Inc. The contract, originally awarded to Johnson Lambert LLP in November 2019, was assigned to Noble Consulting Services, Inc. effective September 4, 2023. The contract has undergone multiple modifications, including a contractor change in September 2023 (Change Notice #2), exercise of a two-year option in March 2024 (Change Notice #3), and the current increase in contract value in March 2026 (Change Notice #4). Key state contacts include Program Manager David Piner and Contract Administrator Darcie Payne at DIFS; the contractor is represented by Steve Hazelbaker.
The contract provides Captive Insurance Company Financial Examinations services to support the State's regulatory oversight of Michigan-licensed captive insurance companies. The contract was initially valued at $80,000 with a two-year option worth $95,000, resulting in a total contract value of $175,000 through October 31, 2026. Change Notice #4 increases the contract by $105,000, bringing the estimated aggregate contract value to $280,000, effective March 31, 2026. Services include conducting financial examinations of captive insurance companies, performing specific examination tests, documenting findings in work papers, coordinating with consulting actuaries, and preparing examination reports and management letters. The contract operates on a Net 45 payment term with an administrative fee of 1% on all payments. Hourly rates for examination services range from $40 per hour for administrative staff to $175 per hour for senior IT specialists, with Consulting Examiners at $150 per hour and Senior Examiners at $135 per hour.
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Text version
Revised 12/2025
CONTRACT CHANGE NOTICE
Change Notice Number 4 .
to
Contract Number 200000000043.
C O
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AC
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Noble Consulting Services, Inc.
ST
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Pr og ra m
M an ag er
David Piner DIFS
211 N. Pennsylvania St. Suite 2350
517-284-8759
Indianapolis IN 46204 pinerd@michigan.gov
Steve Hazelbaker
C on tr ac t Ad m in is tr at or
Darcie Payne DIFS
317-384-8855 517-930-9402 shazelbaker@noblecon.net payned3@michigan.gov
CV0016341
STATE OF MICHIGAN PROCUREMENT
Department of Insurance and Financial Services 530 W. Allegan Street, Lansing MI 48933
CONTRACT SUMMARY
DESCRIPTION: Captive Insurance Company Financial Examinations
INITIAL EFFECTIVE DATE INITIAL EXPIRATION DATE
INITIAL AVAILABLE
OPTIONS
EXPIRATION DATE BEFORE
CHANGE(S) NOTED BELOW
11-01-2019 10-31-2022 2, two-year options 10-31-2026
PAYMENT TERMS DELIVERY TIMEFRAME
Net 45
ALTERNATE PAYMENT OPTIONS EXTENDED PURCHASING
☐ P-card ☐ Payment Request (PRC) ☐ Other ☐ Yes ☐ No
MINIMUM DELIVERY REQUIREMENTS
DESCRIPTION OF CHANGE NOTICE
OPTION LENGTH OF OPTION EXTENSION LENGTH OF
EXTENSION REVISED EXP. DATE
CURRENT VALUE VALUE OF CHANGE NOTICE ESTIMATED AGGREGATE CONTRACT VALUE
$175,000 105,000 280,000 Please note the Program Manager or Contract Administrator may have changed, and any changes made are reflected above.
DESCRIPTION: Effective 3-31-2026, this contract is increased by $105,000.
Revised 12/2025
CHANGE NOTICE NO. 4 TO CONTRACT NO. 200000000043
FOR THE CONTRACTOR:
Company Name
Authorized Agent Signature
Steve Hazelbaker Authorized Agent (Print or Type)
Date
FOR THE STATE:
Signature
Megan Ramos, DIFS CFO Name & Title
DIFS
Agency
Revised 2/2019
Change Notice Number 3 to Contract Number 200000000043.
C O
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Noble Consulting Services Inc.
ST
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Pr og ra m
M an ag er
David Piner DIFS
211 N. Pennsylvania St, Suite 2350 517-284-8759
Indianapolis, IN 46204 pinerd@michigan.gov
Steve Hazelbaker
C on tra ct
Ad in is tra to r Drew Simon DIFS
317-384-8855 517-930-7725 shazelbaker@noblecon.net SimonD13@michigan.gov
CV0016341
STATE OF MICHIGAN PROCUREMENT
Department of Insurance and Financial Services 530 W Allegan St., Lansing MI 48933
CONTRACT SUMMARY
DESCRIPTION: Captive Insurance Company Financial Examinations
INITIAL EFFECTIVE DATE INITIAL EXPIRATION DATE
INITIAL AVAILABLE
OPTIONS
EXPIRATION DATE BEFORE
CHANGE(S) NOTED BELOW
11-01-2019 10-31-2022 2, two-year options 10-31-2024
PAYMENT TERMS DELIVERY TIMEFRAME
Net 45
ALTERNATE PAYMENT OPTIONS EXTENDED PURCHASING
☐ P-card ☐ Payment Request (PRC) ☐ Other ☐ Yes ☒ No
MINIMUM DELIVERY REQUIREMENTS
DESCRIPTION OF CHANGE NOTICE
OPTION LENGTH OF OPTION EXTENSION LENGTH OF
EXTENSION REVISED EXP. DATE
☒ 2 years ☐ 10-31-2026
CURRENT VALUE VALUE OF CHANGE NOTICE ESTIMATED AGGREGATE CONTRACT VALUE
$175,000 $175,000 DESCRIPTION: Effective March 18, 2024, this Contract is exercising the final two-year option. The revised contract expiration date is 10-31-2026.
The Contract Administrator for the State has been updated to Drew Simon, 517-930-7725, SimonD13@michigan.gov.
All other terms, conditions, specifications and pricing remain the same. Per contractor and agency agreement, and DTMB Central Procurement Services approval.
Revised 2/2019
CHANGE NOTICE NO. 3 TO CONTRACT NO. 200000000043
Noble Consulting Services, Inc.__________
Steve Hazelbaker____________________
Megan Ramos, CFO and Budget Director
MI Department of Insurance and Financial Services
Revised 6/2018
Change Notice Number 2 .
to Contract Number 200000000043.
C U
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R Johnson Lambert LLP
7000 Central Parkway NE, Suite 150
Atlanta, GA 30328
Richard Nelson
207-805-2752 rnelson@noblecon.net
CV0058969
STATE CONTACTS
Pr og ra
M an ag er David Piner DIFS
C on tra ct
Ad in is tra to r Drew Simon DIFS
517-284-8759 517-930-7725 pinerd@michigan.gov Simond13@michigan.gov
CONTRACT SUMMARY
DESCRIPTION: Captive Insurance Company Financial Examinations
INITIAL EFFECTIVE DATE INITIAL EXPIRATION DATE
INITIAL AVAILABLE
OPTIONS
EXPIRATION DATE BEFORE
CHANGE(S) NOTED BELOW
11-01-2019 10-31-2022 2, two-year options 10-31-2024
PAYMENT TERMS DELIVERY TIMEFRAME
Net 45
ALTERNATE PAYMENT OPTIONS EXTENDED PURCHASING
☐ P-card ☐ Direct Voucher (DV) ☐ Other ☐ Yes ☒ No
MINIMUM DELIVERY REQUIREMENTS
DESCRIPTION OF CHANGE NOTICE
OPTION LENGTH OF OPTION EXTENSION LENGTH OF
EXTENSION REVISED EXP. DATE
CURRENT VALUE VALUE OF CHANGE NOTICE ESTIMATED AGGREGATE CONTRACT VALUE
DESCRIPTION: Effective September 4, 2023, Noble Consulting Services, Inc. has acquired certain assets of Johnson Lambert LLP. From and after the Effective date, Noble Consulting shall perform the services in accordance with this contract 200000000043. See attached Assignment document for further details.
The Contract Administrator for the State has been changed to Drew Simon.
All other terms, conditions, specifications, and pricing remain the same per contractor and agency agreement.
STATE OF MICHIGAN
ENTERPRISE PROCUREMENT
Department of Insurance and Financial Services (DIFS) 530 W. Allegan St., 7th Floor, Lansing, MI 48933
N
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A C
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Noble Consulting Services, Inc.
211 N. Pennsylvania St, Suite 2350 Indianapolis, IN 46204
Steve Hazelbaker
317-384-8855 shazelbaker@noblecon.net
CV0016341
Revised 6/2018
CHANGE OF CONTRACTOR NAME AND/OR TAX ID -- CHANGE NOTICE NO. 2 TO CONTRACT NO. 200000000043
Johnson Lambert, LLP
John Prescott
Mike Dinius
Renee Campbell, Interim CFO
DIFS
Michael Dinius
CEO
Michael Dinius
CEO
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| CONTRACT CHANGE NOTICE Change Notice Number 4 . to Contract Number 200000000043. |
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