Description
The State of North Dakota seeks a qualified actuarial consulting firm to provide temporary property and casualty (P&C) rate‑filing review services for a three‑year period. The contractor will act as a supplemental reviewer alongside the State’s Chief Actuary, delivering written recommendations, analysis, and support for regulatory decisions without travel or expert‑testimony obligations.
• Review P&C insurance rate filings submitted via SERFF, applying North Dakota statutes, regulations, and Department guidelines.
• Deliver clear, non‑technical reports and recommendations to the Insurance Commissioner; provide training and occasional public‑interaction support.
• Maintain an annual budget not to exceed $145,000 (total contract cap $435,000) and meet a 60‑day review turnaround (with a possible 15‑day extension).
• Assign a Lead Actuary (≥10 years experience, member of the American Academy of Actuaries) and a qualified team; hourly rates may vary but overall cost must stay within the FY caps.
• No travel required; all work performed remotely with occasional virtual meetings; optional on‑site meetings may be requested by the Department.