Description
The State of Alabama’s Department of Insurance is seeking a qualified firm to provide supervisory and technical support for its insurance‑company financial examinations, primarily for captive insurers. The contractor will act as a senior reviewer, ensuring examinations conform to NAIC accreditation standards, State insurance statutes, and generally accepted accounting principles. Work includes reviewing examination work‑papers, preparing reports, providing expert testimony, and delivering training to department staff. The contract is a two‑year service agreement with possible one‑year extensions, billed on an hourly‑rate basis with reimbursable travel expenses.
• Supervise and review financial examinations of insurance companies, ensuring compliance with NAIC and Alabama regulations.
• Produce and deliver written and oral reports, and act as expert witness when needed.
• Provide training, guidance, and technical assistance to DOI staff and contractors; travel to Montgomery and NAIC meetings as required.
• Bill on a firm‑fixed hourly rate (no advance payments) with monthly invoicing and expense reimbursement per NAIC per‑diem rates.
• Contract may be extended up to three additional one‑year periods, subject to satisfactory performance.