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West Virginia Offices of the Insurance Commissioner·West Virginia

Statutory Financial Exam of First Surety Corporation

Closes 4/13/2026$50k – $200kRequest for Quotation
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Description

The Offices of the Insurance Commissioner in West Virginia are seeking a vendor to perform a statutory financial examination of First Surety Corporation. The examination must be conducted in compliance with W. Va. Code 33-2-9 and in accordance with the procedures established by the National Association of Insurance Commissioners ("NAIC") Financial Condition Examiners Handbook ("Handbook"). The scope of work includes performing a financial accounting service. Key aspects of the job include: • Compliance with W. Va. Code 33-2-9 • Adherence to NAIC Financial Condition Examiners Handbook • Performance of a financial accounting service • Examination of First Surety Corporation's financial condition The vendor must provide a quote for the service, including the unit price and total price. The deadline for submitting questions is 2026-03-09, and the deadline for submitting quotes is 2026-04-13.

Attached files

Contact

Beverley Toney(Purchasing Manager)

[email protected]

(304) 414-8473

Key dates

Opened
3/24/2026
Questions due
3/9/2026
Closes
4/13/2026

Last updated

Details

Type
Request for Quotation
Industry
Financial Services
NAICS
541211
Solicitation №
ARFQ-0704-INS2600000004-2

Budget estimate

$50,000 – $200,000

The budget for this opportunity is likely to be in the range of $50,000 to $200,000, based on the scope of work and the fact that it is a statutory financial examination. The actual budget will depend on the vendor's quote and the complexity of the examination. Factors that may influence the budget include the size and complexity of First Surety Corporation's financial operations, the level of expertise required to perform the examination, and the amount of time and resources required to complete the examination.

AI estimate from the solicitation

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