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  5. ›Solicitation: 202604064 Insurance Company Financial Examination Ser…

State of Maine Department of Professional and Financial Regulation·Maine

Solicitation: 202604064 Insurance Company Financial Examination Services (MMG)

Closes 5/15/2026$200k – $500kRequest for Proposal
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Description

The State of Maine is seeking a qualified firm to perform a risk‑focused financial examination of MMG Insurance Company in accordance with NAIC standards. The contractor will conduct the examination, produce monthly progress reports, a draft report, final work‑papers in TeamMate, and may be called upon to testify. The work period runs from July 1 2026 through June 30 2028. • Conduct a NAIC‑compliant risk‑focused examination of MMG Insurance Company. • Deliver monthly progress reports, a draft report (15 days post‑fieldwork), and final electronic work‑papers (30 days post‑fieldwork). • Provide testimony as requested and maintain all deliverables in the State’s property. • Must staff the engagement with supervisory‑level personnel holding CFE or CPA credentials. • All work must be performed using Wolters Kluwer TeamMate and submitted via the Maine Vendor Self Service (VSS) portal.

Attached files

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

Contact

Maureen Conn(Buyer)

[email protected]

(207) 624-8405

Key dates

Opened
4/28/2026
Questions due
5/4/2026
Closes
5/15/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Risk Management
NAICS
541211
Solicitation №
RFP - 02A - 202604064

Budget estimate

$200,000 – $500,000

No contract value is disclosed. Based on a two‑year, statewide insurance‑company audit requiring senior CPA/CFE staff, project‑based fees are typically in the $200 k–$500 k range, depending on hourly rates, staffing levels, and travel. The estimate assumes an average rate of $150–$250 per hour for senior staff, ~1,200–2,000 total hours over the contract period.

AI estimate from the solicitation

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