Description
The North Dakota Insurance & Securities Department is seeking up to five qualified actuarial firms to provide temporary property and casualty (P&C) rate‑filing review services over a three‑year period. The contractor will act as a lead actuary, reviewing rate filings, preparing recommendation memos, participating in hearings, and offering training and support to the Department. The work is performed remotely with occasional travel for meetings or training. The contract’s maximum value is $435,000, capped at $145,000 per fiscal year, and requires a lead actuary who is a member of the American Academy of Actuaries and holds appropriate actuarial society memberships. The award will be based on a 75 % technical and 25 % cost evaluation, with firm‑fixed‑price pricing.
• Review and recommend approval/denial of P&C insurance rate filings for a wide range of product lines.
• Deliver written reports, memos, and participate in stakeholder communications and legal proceedings.
• Maintain required insurance coverage, pass background checks, and be registered on NDBuys and with the ND Secretary of State.
• Contract term is three years (Aug 10 2026 – Jun 30 2029) with optional extensions and renewals.