Description
The State of West Virginia, Offices of the Insurance Commissioner (OIC) is seeking a qualified vendor to perform a statutory financial examination of Municipal Mutual Insurance Company (MMIC) for the fiscal year ending December 31, 2026. The vendor must provide a certified financial examiner (CFE) as Examiner‑in‑Charge, along with actuarial and IT specialists, and deliver a comprehensive examination plan, budget, field‑work execution, monthly status reports, and a final Report of Examination with a Management Letter within 14 calendar days of field‑work completion. All work is to be performed remotely, with no travel required, and the vendor must comply with NAIC Handbook standards, FedRAMP security requirements, and West Virginia statutes.
• Scope includes planning memorandum, budgeting, coordination of examination team, execution of prescribed NAIC examination procedures, supervisory review, and final reporting.
• Required personnel: CFE (≥ 6 years insurance exam experience), staff examiners (≥ 2 years), IT specialist (AES or CISA), actuarial specialist (FCAS/ACAS, FSA/ASA, or MAAA).
• Deliverables: examination planning memo, budget approval, monthly status reports, two monthly status meetings (one with MMIC, one with OIC), final examination report & Management Letter, electronic work papers.
• Contract period: Expected exam start Sep 1 2027, end Apr 30 2028 (≈ 8 months).
• Submission: Electronic bids via wvOASIS or paper copies; bid opening on Nov 19 2026, 2 PM EST.
• Inquiries due Oct 29 2026, 5 PM ET.