Government Contract | Florida
Actuarial Consulting Services for Review of PIP Legislation

Bid Information


Bid Alert No: 00000581187

Bid Title: Actuarial Consulting Services for Review of PIP Legislation

Agency Bid No. Title: 15/16-15

Received Date: 05/24/2016

Close Date: 05/27/2016

Purchase Type: 1 year term

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:The Office of Insurance Regulation (Office) is issuing this Statement of Work (SOW) todefine the scope and requirements of this task. This support is needed to analyze the impact ofHB 119 (Section 15, Chapter No. 2012-197) and to comprehensively study the personal automarket to determine the estimated impacts if the personal injury protection coveragerequirements as provided in the Florida Motor Vehicle No-Fault Law (ss. 627.730-627.7405)were repealed and replaced with varying levels of bodily injury and/or medical paymentscoverage. The Office expects that this report would be submitted to the Governor, the Presidentof Senate, and the Speaker of the House of Representatives concerning the results of theindependent consultants calculation.2. Objectives.At the end of this contract period, the Office expects to achieve the following objectives:The independent consultant will provide a final report documenting a comprehensive study onthe impact of HB 119 and the impact to Floridians should the personal injury protection coveragerequirements be repealed and replaced with varying levels of bodily injury coverage, or if thecurrent requirements to purchase auto insurance were completely repealed.3. Scope of Work.The scope of work to be performed includes the following: a. A weekly status report showing progress against a set of goals mutually agreed upon. b. A weekly teleconference discussing the status report details. c. A final report to become public information upon submission to the Insurance Commissioner, Governor, the President of Senate, and the Speaker of the House of Representatives.

Product Code: 94612

Agency Information


Issuing Agency: State of Florida - Department of Financial Services

State: Florida

Agency Type: State and Local

Contact: Purchasing Services, 200 E. Gaines Street, Larson Building, Tallahassee, Florida, 32399

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