Appendix 9.docx
DOCX document 28 KB Posted
- Attached to
- Financial Examination Assistance Services
- Solicitation number
- BPM057939
- Issued by
- Maryland
About this file
This document is an appendix to a Request for Proposal issued by the Maryland Insurance Administration (MIA), Financial Regulation Division, for financial examination assistance services. The MIA seeks proposals from contractors to provide staffing support across four functional areas: Staff Examiner Assistance, Senior Examiner Assistance, Examiner-In-Charge Assistance, and Senior Manager Assistance. The contract term is five years, with the MIA intending to award up to six contracts to support examination staff in conducting financial examinations of Maryland-domiciled insurers. All examinations will be performed under the direct supervision of an MIA Assistant Chief Examiner. The examinations are designed to ensure the continued financial solvency of domestic insurers, detect solvency issues in advance, ensure compliance with NAIC requirements and Maryland law, maintain the MIA's NAIC accreditation standing, and fulfill examination requirements under Maryland statute. Contractors must ensure that provided staff meet minimum qualifications as specified in the RFP.
The appendix establishes the specific staffing requirements and qualifications necessary for each of the four functional area positions. Contractors are required to provide qualified personnel as requested by the MIA FR Division, with staff meeting defined minimum education, experience, and professional certification standards for each position level. The procurement allows for flexibility in staffing deployment while maintaining quality and compliance standards across the financial examination function.
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Text version
Appendix 9. Electronic Transaction Fee
a. No later than forty-five (45) calendar days after the end of each monthly reporting period, the Contractor shall remit to the State an electronic transaction fee equal to one percent (1%) of the total approved invoice amount for all accepted goods and services provided under the Contract during the applicable reporting period. The Contractor shall calculate the fee on the gross invoice amount, less any returns or credits. The Contractor may not charge the electronic transaction fee directly to a customer or identify it as a separate line item, fee, or surcharge on any invoice, and shall incorporate the fee into the Contract’s unit prices. For example, if the total approved invoice amount for a reporting period equals $10,000, the Contractor shall remit an electronic transaction fee of $100.
b. The Contractor shall submit the electronic transaction fee for the applicable reporting period by one of the two methods below:
1. via ACH: To send ACH payments, the Contractor must fill out the GAD X-10 Form and submit it to the Comptroller at GADACH@marylandtaxes.gov.
All ACH payments must include a note in the comments section that the payment is for “DGS 1% Fee.”
2. by check to the Office of State Procurement at the following address:
Department of General Services, Fiscal Services Division 301 W. Preston Street, Room 1309 Baltimore, MD 21201 ATTENTION: For the Office of State Procurement
c. Simultaneously with the payment of the fee, the Contractor shall email Attachment Z - Monthly Usage Report, documenting all accepted good or services for the reporting period to: dgs.statewidecontractsusagereport@maryland.gov.
d. If the Contractor fails to timely and accurately remit the electronic transaction fees, the State shall determine that the Contractor is in default under the Contract.
Financial Examination Assistance Services Solicitation #: MIA/FR-26-002 eMMA#:BPM057939
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