Description
The State of Nevada Purchasing Division, on behalf of The Department of Business & Industry, Division of Insurance (NDOI), is seeking proposals from qualified vendors to establish a pool of contract examiners to provide statutory analysis and examination services on an as-needed basis. The scope of work includes performing actuarial reviews, financial and market conduct examinations, and providing specialty IT, actuarial, or investment expertise. The contract term is expected to be four years, from 9/1/2022 to 8/31/2026. Key characteristics required of successful vendors include understanding of regulatory and legislative issues, extensive insurance industry financial and/or market conduct examination experience, and strong professional standards and reputation for quality work.
• The vendor will perform analysis and examinations of Nevada-domiciled insurers, including captives, self-insured workers' compensation plans, third-party administrators, and other miscellaneous license types.
• The vendor will provide statutory analysis and examination services on an as-needed basis.
• The vendor will work under close coordination with the Division in completing any project assigned under this RFQ.
• The vendor will conduct examinations and analysis in accordance with National Association of Insurance Commissioners (NAIC) Handbooks, NAIC Accounting Practices and Procedures Manuals, and Nevada Statutes and Regulations.