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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 – $200k
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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 vendor will be required to provide financial accounting services, including performing the examination and providing a report. • The vendor must have experience in performing statutory financial examinations of insurance companies. • The vendor must be familiar with the NAIC Financial Condition Examiners Handbook. • The vendor must be able to perform the examination and provide a report within the specified timeframe.

Attached files

Contact

Beverley Toney(Purchasing Manager)

[email protected]

(304) 414-8473

Key dates

Opened
2/18/2026
Questions due
3/9/2026
Closes
4/13/2026

Last updated

Details

Industry
Insurance
NAICS
541211
Solicitation №
ARFQ-0704-INS2600000004-1

Budget estimate

$50,000 – $200,000

The budget for this opportunity is not explicitly stated in the document. However, based on the scope of work, which involves performing a statutory financial examination of an insurance company, the budget is likely to be in the range of $50,000 to $200,000. This estimate is based on the assumption that the examination will require a significant amount of time and expertise, and the vendor will need to provide a comprehensive report. Factors that may influence the likely payment range include the complexity of the examination, the vendor's level of experience, and the timeframe for completion.

AI estimate from the solicitation

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