Captive Insurance Company Actuarial Examinations Services

The Michigan Department of Insurance and Financial Services is seeking to pre-qualify contractors to provide captive insurance company actuarial examination services. The agency needs these specialized actuarial services to support its regulatory oversight of captive insurance companies operating within the state. Qualified contractors will perform the actuarial examinations to ensure compliance with state insurance laws and financial solvency standards. Eligible bidders must be organizations based onshore within the United States. The agency requires the selected contractors to perform all actuarial examination work offsite. Bidders must submit their proposals digitally, either through email or the designated online portal. The agency is currently looking for proposals and has not disclosed a specific budget for these services. The evaluation will focus on the qualifications of the contractors to perform the required actuarial examinations. Bidders must submit their proposals by the designated deadline to be considered for the pre-qualified contractor list.