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Insurance Financial Examination Services

Active
State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

General Info

Place of Performance

MI, USA

Set-Aside

NONE

Documents

This scope was carved out of 260000002746.

The full solicitation package (9 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

RFP-171-260000002746-3 | Financial Examination Services Pre-Qualification

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Organization & Contact Information

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AgencyMichigan → Downtown Lansing
ContactsNo contacts available
OfficeN/A
Organization / AgencyMichigan → Downtown Lansing
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs statutory financial examinations and analysis for prime contractors on Michigan Department of Insurance and Financial Services (DIFS) projects. Executes full financial examinations and agreed-upon procedures engagements per NAIC standards. Tests underlying data for accuracy and documents findings in work-papers meeting NAIC Examiners Handbook standards. Requires CFE, CPA, or CISA certification. Delivers approved examination work-papers and final reports.

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More opportunities from Michigan → Downtown Lansing

Same awarding agency

New
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RFP-171-260000002746-3 | Financial Examination Services Pre-Qualification
Solicitation # 260000002746
Solicitation 260000002746 is a pre-qualification request issued by the State of Michigan's Department of Technology, Management, and Budget to establish a pool of qualified contractors to provide financial examination and analysis services. These services primarily support the Department of Insurance and Financial Services (DIFS), other state departments, and MiDEAL members, focusing on the solvency and compliance of insurance companies doing business in Michigan, including those located outside the state. Once pre-qualified, contractors must submit project-specific proposals via a second-tier RFP process for individual assignments. The award is based on best value, requiring a minimum of 80 technical evaluation points across the Statement of Work and Vendor Questions Worksheet to be eligible for pricing evaluation. Contractors are required to adhere to Michigan insurance laws, NAIC requirements, and strict data security protocols, including a 24-hour breach notification window and a two-hour data recovery backup. Payments are made monthly as lump sum fixed prices, though the state may retain 25 percent of invoiced amounts until final acceptance by the State Program Manager. Special emphasis is placed on socioeconomic participation, requiring that at least 20 percent of subcontracted work be awarded to Michigan-based Geographically Disadvantaged Business Enterprises (GDBE) if subcontractors perform more than 20 percent of the deliverables. Proposals must be submitted in modifiable formats by November 4, 2026, with pricing provided as a separate file.

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1 day ago

DEADLINE

in 8 days
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NAICS: 541211
SLED
RFP-171-260000002746-2 | Financial Examination Services Pre-Qualification
Solicitation # 260000002746
Solicitation 260000002746, issued by the Michigan Department of Technology, Management, and Budget, seeks to establish a pool of pre-qualified contractors to provide financial examination and analysis services for the Department of Insurance and Financial Services. The primary objective is to ensure the financial solvency and regulatory compliance of insurance companies operating within Michigan, adhering to state laws and NAIC standards. The contract term runs from April 1, 2027, to March 31, 2030, with the possibility of three additional two-year renewals. Once pre-qualified, contractors will compete for specific project assignments through a second-tier RFP process. Award decisions are based on best value, requiring a minimum technical score of 80 points across the statement of work and vendor questionnaires. Key requirements include mandatory professional certifications such as CPA or CFE, strict adherence to NAIC reporting guidelines, and comprehensive insurance coverage including Professional Liability and Cyber Liability. Payments are made monthly as lump sum fixed prices, though the state may retain 25 percent of invoiced amounts until final acceptance. Additionally, contractors utilizing subcontractors for more than 20 percent of deliverables must award at least 20 percent of that subcontracted work to Michigan-based Geographically Disadvantaged Business Enterprises.
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POSTED

16 days ago

DEADLINE

in 8 days
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