257_State+Contract+Summary.docx

This document is a State Contract Summary for North Dakota (ND), specifically Term Contract Number 257 for Actuarial Services, managed by the Office of Management and Budget (OMB) focused on Risk Management. The contract appears to be a state-level procurement document designed to secure specialized actuarial consulting services for state risk management operations.

The contract covers actuarial services primarily focused on evaluating and determining funding levels for the Risk Management Fund. Specific service objectives include recommending risk financing alternatives, assisting with excess insurance evaluations, and supporting technical financial analyses such as funding assessments, reserving practices, premium allocation calculations, and discount program calculations. While specific pricing terms, contractor details, and contract duration are not fully detailed in the provided document, the contract is intended to provide specialized financial risk assessment and strategic consulting services for the state's risk management functions.