Description
The State of North Dakota is seeking a qualified actuarial firm to provide temporary property and casualty (P&C) rate‑review services for a three‑year term. The contractor will review approximately 800 filings (about 50 % of the total workload), prepare written recommendations, interact with the Department’s Chief Actuary, and may provide testimony or ad‑hoc analyses as needed. The work is performed remotely with deliverables submitted electronically; no travel is required. The contract is firm‑fixed‑price with a total ceiling of $435 k and an annual cap of $145 k.
• Scope: Review, analyze, and recommend approval/denial of P&C insurance rate filings via SERFF.
• Volume: ~800 filings over three years (≈ 50 % of state workload).
• Staffing: Lead Actuary (≥ 10 yrs experience) plus supporting actuarial staff; all work performed from vendor’s office.
• Compensation: Firm‑fixed‑price, $435 k ceiling, $145 k per fiscal year cap.
• Timeline: Proposals due July 28 2026; award expected late July; contract starts August 10 2026, runs through June 30 2029 with possible extensions.