This Solicitation opportunity from Maryland was posted on April 23, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Actuarial Analysis of Projected Liability and Assessment Mechanism
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
Active Opportunities Like This One
AI Contract Overview
The Maryland Subsequent Injury Fund (SIF) was established to provide workers' compensation benefits to injured employees with pre-existing conditions that, when combined with a current injury, lead to significant disability. The fund's liability is limited to the damages caused solely by the current injury, with the fund absorbing the additional costs associated with the combined injuries. Funding for the SIF is generated through assessments on insurance companies based on awards for permanent disability. To ensure its financial stability and ability to meet future obligations, the SIF is seeking an actuarial review to evaluate whether the current funding mechanisms are sufficient for the next decade, especially focusing on projecting total unfunded liabilities for both awarded and pending claims. The primary goal of this actuarial analysis is to assess the adequacy of the existing assessment rate and to provide a forecast that will inform potential adjustments, allowing sufficient lead time for legislative or administrative action if necessary. Given the likelihood that the fund will continue operating on a "pay as you go" basis, the review aims to determine whether current assessments are adequate to cover ongoing and future liabilities or if adjustments are needed to prevent shortfalls. The contract, valued between $500,000 and $2,000,000, is managed by the Maryland Department of Labor, Licensing and Regulation, with a key contact being Rose Hunt. The project underscores the importance of proactive financial planning to sustain the fund's long-term viability amidst the inherent uncertainty of fully funding its total liabilities.
General Info
Agency
Place of Performance
MD, USASet-Aside
Documents
2AI Contract Breakdown
Uniform Contract FormatContract not broken down yet
CLEATUS splits the solicitation into Uniform Contract Format (UCF) sections: scope, pricing, deliverables, and evaluation criteria.
Timeline
Submission Closed
Organization & Contact Information
Full Description
Earlier notices in this NAICS code
Posted before this notice, open and closed
Find Active Opportunities Like This
Get AI-powered intelligence on the opportunities still open
Every page of the solicitation package shredded into a compliance breakdown
AI-powered matching based on your capabilities and past performance
Competitor and incumbent history on the requirement
Automated alerts on amendments, Q&A deadlines, and award
Join 750+ contractors already using CLEATUS
