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State of Maine Department of Professional and Financial Regulation·Maine

Solicitation: 202604068 Insurance Company Financial Examination Services (MEMIC)

Closes 5/15/2026$500k – $1.2MRequest for Proposal
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Description

State of Maine’s Bureau of Insurance is seeking a qualified consultant to conduct a group Risk‑Focused Examination (RFE) of Maine Employers’ Mutual Insurance Company (MEMIC) and its subsidiaries, following NAIC standards and using Wolters Kluwer’s TeamMate system. The contractor will be responsible for planning, fieldwork, reporting, and the delivery of electronic work‑papers, while coordinating with Maine examiners for any state‑specific tasks. The contract runs for a two‑year period with specific reporting and deliverable deadlines.

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
541618
Solicitation №
RFP - 02A - 202604068

Budget estimate

$500,000 – $1,200,000

Based on the two‑year scope, the need for senior CPA/CFE staff, the specialized TeamMate deliverables, and typical rates for financial‑examination consulting (approximately $150‑$250 k per year for a mid‑size firm), the total contract value is estimated between $500 k and $1.2 M. The low end assumes a lean team and minimal travel; the high end reflects a larger team, extensive data analysis, and potential overtime for tight reporting deadlines.

AI estimate from the solicitation

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