Description
The State of West Virginia, Offices of the Insurance Commissioner (OIC) is seeking a qualified vendor to conduct a statutory financial examination of the Health Plan Group (The Health Plan of West Virginia, Inc. and THP Insurance Company) for the period January 1 2023 – December 31 2026. The vendor must provide a Certified Financial Examiner (CFE) as Examiner‑in‑Charge, an IT specialist (AES or CISA), and an actuarial specialist, all with FedRAMP licensing. The scope includes preparation of a planning memorandum, budgeting, coordination of the examination team, execution of NAIC‑guided examination procedures, supervisory review, and delivery of a formal Report of Examination and Management Letter within 14 days of field‑work completion. Monthly status reports and meetings with both the examined companies and the OIC are required. All work is to be performed remotely; travel expenses are not anticipated. The contract period is expected to run from August 2 2027 to June 30 2028 (approximately 11 months).
• Perform statutory financial examination per NAIC Handbook.
• Provide CFE, IT, and actuarial specialists with required certifications.
• Deliver planning memorandum, budget, work papers, and final report.
• Conduct monthly status meetings and submit monthly status reports.
• Maintain confidentiality and comply with West Virginia laws and FedRAMP requirements.
• Submit a single, all‑inclusive bid (no travel costs).