ACTUARIAL SERVICES FOR THE MERCER COUNTY INSURANCE COMMISSION

The Mercer County Insurance Commission is seeking a qualified firm to provide actuarial services, including loss and adjustment expense reserves analysis, IBNR claims calculation, and loss fund assessment allocation. The selected firm will be required to attend meetings, review new applicants, and provide quarterly calculations. The contract will be for a one-year period with the option to extend for two additional one-year periods. • The firm must have experience in providing actuarial services to joint insurance funds or self-insured governmental entities. • The firm must have knowledge of regulations of the Department of Banking and Insurance and the Department of Community Affairs. • The firm must have experience with workers' compensation, liability, and property matters involving New Jersey governmental entities. • The firm must have experience with financial matters pertaining to joint insurance funds. The proposal must include a scope of services, resume, facilities, conflict of interest, fees, and other information.