OAG. PIC. 042425

The Maryland Office of the Attorney General (OAG) has issued a Request for Proposals (RFP) seeking highly qualified actuarial consultants to provide expert analysis and support for homeowners and medical professional liability rate filings. The primary objective of this procurement is to engage professionals who can comprehensively review and evaluate insurance rate submissions, determining whether proposed rates are excessive, inadequate, or unfairly discriminatory. Successful offerors will be expected to provide confidential expert opinions, written and oral advice, and detailed analytical reports that support OAG attorneys in their regulatory review process. Consultants may also be required to provide expert testimony at rate hearings, legislative proceedings, administrative bodies, and other relevant forums. The solicitation (Contract Opportunity ID: 680ba819ce554dedd90a58b7) was posted on April 24, 2025, with proposals due by May 13, 2025, indicating a procurement timeline of approximately three weeks for interested actuarial firms to prepare and submit their responses.

While specific set-aside designations are not explicitly stated in the available documentation, the procurement appears to be open to qualified actuarial consulting firms with demonstrated expertise in insurance rate analysis. The contract will require consultants to have advanced analytical capabilities, deep understanding of insurance rate structures, and the ability to provide precise, defensible expert opinions. Potential respondents should possess professional credentials in actuarial science, extensive experience in rate filing reviews, and the capability to communicate complex technical findings to legal professionals. Although no specific budget range is mentioned, the specialized nature of the work suggests this could be a high-value professional services contract. The scope of work implies a need for consultants with significant technical expertise who can provide nuanced, comprehensive analysis of insurance rate filings across homeowners and medical professional liability domains.