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

The State of Illinois is seeking a vendor to perform actuarial services to supplement the work of the life Actuarial Section in performing actuarial examination work on Illinois domestic life and health insurance companies. The contract is a no-cost contract to the state, and the vendor will be paid $240 per hour for Senior Actuary services, $220 per hour for Actuary services, $185 per hour for Senior Actuarial Analyst services, and $140 per hour for Actuarial Analyst services. The contract duration is from December 10, 2025, to December 9, 2029. • The vendor will perform statutory examinations of Illinois Insurance companies. • The total renewal amount is $2,666,666.67. • The contract has a Business Enterprise Program (BEP) participation goal of 21%. • The contract has a Veterans Business Program (VBP) participation goal of 0%.