Notice of Intent to Award for RFP #260000002069

The Michigan Department of Insurance and Financial Services (DIFS) has issued a Notice of Intent to Award for RFP #260000002069 for captive insurance company financial examination services, with an objection deadline of August 12, 2026.

The RFP was originally posted May 21, 2026, with proposals due June 22, 2026. Three vendors responded: INS Regulatory Insurance Services, Inc., Noble Consulting Services, Inc., and Taylor and Mulder, Inc. DIFS evaluated technical proposals on four equally weighted criteria (25 points each): requirements, project plan and delivery, organizational chart and pricing, and vendor questions. An 80-point minimum threshold was set for progression to pricing evaluation.

INS Regulatory Insurance Services, Inc. and Noble Consulting Services, Inc. each scored 100 technical points and advanced to pricing. Taylor and Mulder, Inc. scored 50 points and was deemed non-responsive due to lack of certified public accountants on staff, a required qualification under the Statement of Work.

DIFS recommends awards of $300,000 each to INS Regulatory Insurance Services, Inc. and Noble Consulting Services, Inc., pending State Administrative Board approval. INS Regulatory Insurance Services proposed hourly rates from $147 to $180 by role; Noble Consulting Services proposed rates from $120 to $300 by position and specialization. Neither recommended bidder holds Service-Disabled Veteran-Owned Business or Geographically Disadvantaged Business Enterprise certification.

The contract term is three years with up to three 2-year renewal options. The evaluation team included David Piner (Manager, DIFS Office of Insurance Evaluation), Dennis Dawis (Captive Specialist, DIFS Office of Insurance Evaluation), and Darcie Payne (Purchasing Specialist, DIFS Office of Financial and Administrative Services).