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Michigan Department of Insurance and Financial Services·Michigan

Captive Financial Examinations of Insurance Companies

Closes 6/22/2026$200k – $500kRequest for Proposal
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Description

The State of Michigan is seeking a contractor to perform captive financial examinations of insurance companies. The contractor will be responsible for conducting on-site examinations, reviewing financial statements, and providing reports to the State. The contractor must have experience in financial examinations and must be able to demonstrate their expertise in this area. The contract will be awarded to the bidder who offers the best value to the State, based on factors such as technical expertise, project plan, and price. • The contractor must have a strong understanding of financial regulations and laws governing insurance companies. • The contractor must be able to conduct on-site examinations and review financial statements. • The contractor must be able to provide clear and concise reports to the State. • The contractor must be able to demonstrate their expertise in financial examinations. • The contractor must be able to work independently and as part of a team.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Darcie Payne(Solicitation Manager)

[email protected]

(517) 930-9402

Key dates

Opened
5/21/2026
Questions due
5/29/2026
Closes
6/22/2026

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
RFP-651-260000002069-1

Budget estimate

$200,000 – $500,000

Based on the scope of work and the requirements of the contract, it is estimated that the budget for this opportunity could range from $200,000 to $500,000. This estimate is based on the assumption that the contractor will need to conduct multiple on-site examinations and provide detailed reports to the State. The actual budget could be higher or lower, depending on the specific requirements of the contract and the complexity of the work. Factors that could influence the budget include the number of insurance companies to be examined, the frequency of examinations, and the level of expertise required.

AI estimate from the solicitation

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