This Solicitation opportunity from Maryland Insurance Administration was posted on January 31, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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PROPERTY & CASUALTY ACTUARIAL ASSISTANCE (Rates and Pricing Review of the Maryland Automobile Insurance F

Closed

BPM042127State & Local

Submission Closed02/07/2024, 12:00:00 AM UTC

Contract Overview

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

Active Opportunities Like This One

NAICS: 524298

New

Federal

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Official Government Owned vehicles insurance CY2027

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Solicitation # RFI_LIA_2026

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Solicitation # 2026-024

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City of Moreno Valley

POSTED

27 days ago

DEADLINE

in 30 days

AI Contract Overview

The Maryland Insurance Administration (MIA) is seeking to engage an actuary through a small procurement process to evaluate the adequacy of Maryland Automobile Insurance Fund's (MAIF) current pending rate filing for personal auto insurance. The selected actuary will review MAIF's certification regarding the absence of a market assessment or recoupment surcharge for policies issued through June 30, 2024, and assess whether the current rate proposal could accelerate the likelihood of such an assessment being triggered. This review aims to ensure the rate filing aligns with regulatory requirements and financial stability considerations. The solicitation, titled "PROPERTY & CASUALTY ACTUARIAL ASSISTANCE (Rates and Pricing Review of the Maryland Automobile Insurance F," was posted on January 31, 2024, with a response deadline of February 7, 2024. The contract falls under NAICS code 524298 and is managed by the Maryland Insurance Administration, a state-level organization. Interested parties can contact Anthonia Chuku via email for further details, and the project is to be performed within Maryland, focusing on analyzing the rate filing to support the agency's regulatory oversight and actuarial review processes.

General Info

Agency

Maryland Insurance Administration

NAICS

524298 - All Other Insurance Related Activities

Place of Performance

MD, USA

Set-Aside

NONE

Documents

MIA-PAC-24-0002 Financial Proposal Form

rfp

High

MIA-PAC-24-0002: Property & Casualty Actuarial Assistance

rfp

High

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseClosed

PostedJan 31

Solicitation

Response DeadlineFeb 7

Deadline has passed

Submission Closed

02/07/2024, 12:00:00 AM UTC

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Organization & Contact Information

AgencyMaryland Insurance Administration

Contacts1 person available

OfficeN/A

Organization / Agency

Maryland Insurance Administration

Office AddressN/A

Contacts

Anthonia CHUKU

contact@example.gov

Full Description

The MIA is issuing this Solicitation under its small procurement authority to procure the services of an Actuary to Analyze and determine the adequacy of MAIF's current pending rate filing. SERFF Filing No: MAIF-133886082 personal auto (commercial auto filing is MAIF-133887383). The Actuary is to review MAIF's certification that a market assessment/recoupment surcharge will not be triggered based on policies issued through June 30, 2024, and determine if MAIF's current pending rate filing will hasten the likelihood of an assessment being triggered.