Description
The State of South Carolina Department of Insurance is issuing a fixed‑price, term‑contract solicitation for qualified firms to perform financial, forensic, and market‑conduct examinations of insurance companies licensed in South Carolina. The contract will be awarded on a pool basis, allowing multiple firms to be selected, and will run for a one‑year base term with an optional one‑year renewal (maximum two years). Hourly rates are capped by position, and the State requires comprehensive insurance coverage and U.S.–based performance staff. Offerors must submit an electronic bid via the state procurement portal and a hard‑copy paper copy by the specified deadline, and must keep the offer open for at least 30 calendar days after the opening date.
• Perform NAIC‑standard financial and market‑conduct examinations of life, property‑casualty, and health insurers (including captive examinations).
• Provide qualified examiners (CFE, CIE, etc.) with no subcontracting; all work performed by the firm’s own staff in the United States.
• Hourly rate caps range from $145 – $200 depending on role; rates above caps are non‑responsive.
• Minimum insurance requirements: $3 M per occurrence / $5 M aggregate (general liability, professional liability, cyber, etc.) with the State named as additional insured.
• Submission: online through http://www.procurement.sc.gov plus one paper copy mailed to 1201 Main St., Suite 600, Columbia, SC 29201 by the deadline; offer must be signed and held open 30 days.