Renewal Notice - No Cost RFP Actuarial L+H Exam INS

The State of Illinois is seeking a vendor to perform actuarial services for the examination of Illinois domestic life and health insurance companies. The contract is a renewal and has a total value of $2,666,666.67 over 4 years. The vendor will be required to perform statutory examinations and provide actuarial services to supplement the work of the life Actuarial Section. • The contract has a total renewal amount of $2,666,666.67. • The renewal begin date is 11/01/2025 and the renewal end date is 10/31/2029. • The vendor will be required to perform actuarial services, including statutory examinations of Illinois insurance companies. • The contract has a value to the vendor of $666,666.67 per year. • The contract has a Business Enterprise Program (BEP) participation goal of 21%.