Captive Financial Examinations of Insurance Companies

The State of Michigan's Department of Insurance and Financial Services is seeking proposals for captive financial examinations of insurance companies. The selected contractor will be responsible for conducting financial examinations of insurance companies, including reviewing financial statements, assessing risk, and ensuring compliance with regulatory requirements. The contract will be awarded to the bidder who offers the best value to the State, based on factors such as technical expertise, project plan, and pricing. • The proposal must include a cover page, proposal instructions, and a statement of work. • The contractor must have experience in financial examinations and risk assessment. • The contract will be for a period of time to be determined, with the possibility of renewal. • The State reserves the right to modify or cancel the RFP at any time.