Government Contract | Maryland
Market Conduct Examination Consulting Services

Bid Information

Bid Alert No: 00000588583

Bid Title: Market Conduct Examination Consulting Services

Agency Bid No. Title: MIA/CA-16-001

Received Date: 06/03/2016

Close Date: 06/30/2016

Purchase Type: Term:

Delivery Point:

Delivery Date: Not Stated

Special Notices: Pre-Bid Conference Optional 06/10/2016 10:00 AM, Bidder Preregistration


Specifications include, but are not limited to:(1)research and conduct detailed analyses of insurer records, transactions and practices related to advertising, sales, underwriting, premium rates, claims and treatment of policyholders with an emphasis on underwriting, claims payment, reinsurance and rating issues;(2)select and examine random samples of various insurer and producer records using accepted industry standards and criteria for market conduct examinations;(3)review insurer annual market conduct and financial statements and schedules, escheated funds, and reinsurance treaties;(4)examine and evaluate insurer rate filings, rating manuals, rate cards, rate classifications, morbidity tables and related actuarial information;(5)review underwriting tables, files and manuals, premium payments, dividends, reinsurance and related calculations;(6)understand and interpret insurer policy forms and actuarial memoranda;(7)prepare detailed and complex insurance data requests for analysis and validation;(8)determine whether the examinees business practices are in accordance with the requirements of the Insurance Article and its implementing regulations(9)provide expert testimony in connection with market conduct examination or actuarial findings and reports at administrative hearings, as needed;(10)provide technical assistance and training to MIA examination personnel on unusual or complex life, credit life, disability, health, annuity, homeowners, auto, title and other insurance issues, as needed;(11)compile and analyze data relating to current or proposed laws or regulations, or MIA hearings;

Product Code: 94620

Agency Information

Issuing Agency: State of Maryland-Insurance Administration

State: Maryland

Agency Type: State and Local

Contact: Rodney Spence 200 St. Paul Place, Suite 2700, Baltimore, Maryland, 21202

Phone: 410-468-2379

Fax: 410-468-2396




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