Renewal Notice - No Cost Actuarial Examination Services P & C - Pinnacle

The State of Illinois is seeking to renew a contract for No Cost Actuarial Examination Services P & C. The services will include statutory examinations of Illinois Insurance companies. The contract is a renewal in accordance with the terms of the existing contract, and the renewal period is for 48 months (4 years). The contract has a value of $7,000,000.00. The vendors will perform the services on an hourly basis, with different hourly rates for different levels of professionals. Key points to consider: • The contract is a renewal, and the vendor will be expected to perform the services in accordance with the terms of the existing contract. • The services will include statutory examinations of Illinois Insurance companies. • The contract has a value of $7,000,000.00. • The vendors will be paid on an hourly basis, with different hourly rates for different levels of professionals. • The contract period is for 48 months (4 years). • The State of Illinois is seeking to renew the contract with the existing vendor, but other vendors may also be considered.