On-Site Financial Examiner (Captive Insurance Focus)

The contract requires the performance of comprehensive on-site financial examinations of captive insurance companies operating in Michigan, with a focus on ensuring strict adherence to state-specific regulatory requirements. The scope includes detailed compliance verification, financial review, and the preparation of formal reporting artifacts that document findings, risks, and regulatory alignment. Examiners must possess deep familiarity with Michigan’s captive insurance statutes and be capable of conducting thorough evaluations of capital adequacy, risk management practices, reserve sufficiency, and corporate governance structures. Performed exclusively on-site, the engagements demand direct access to company records, personnel, and systems to validate accuracy and transparency in financial reporting. The work is structured under a subcontract arrangement, with a solicitation window opening on August 4, 2026, and proposals due by August 12, 2026. The work falls under NAICS code 541211, indicating it is classified as accounting, auditing, and bookkeeping services, and is being procured by the Michigan agency based in Downtown Lansing. Successful bidders must demonstrate proven experience in insurance regulatory examinations and the ability to deliver technically sound, timely, and defensible reporting under Michigan’s unique legal framework.