Description
The North Dakota Insurance & Securities Department seeks an experienced actuarial consulting firm to provide temporary property and casualty (P&C) rate filing review services for a three‑year term. The contractor will review roughly 800 P&C rate filings (handling at least half of the workload), generate review reports, and support the Department’s Chief Actuary with analysis, recommendations, and meetings. No travel is required; work will be performed remotely from the contractor’s base location. The contract is capped at $145,000 per fiscal year (total $435,000) and awards one contract (despite earlier language suggesting up to five).
• Review and analyze P&C insurance rate filings submitted via SERFF, producing written recommendations and reports.
• Provide a Lead Actuary (member of the American Academy of Actuaries) and qualified staff; no supervisory review cost may be billed.
• Deliver non‑technical reports, attend meetings/calls, and support administrative hearings as directed; background‑check forms are not required with the proposal.