Description
The West Virginia Department of Tax and Revenue, Offices of the Insurance Commissioner, is seeking a vendor to conduct a statutory financial examination of Pan Handle Farmers Mutual Insurance Company of West Virginia. The examination will be conducted in accordance with the National Association of Insurance Commissioners (NAIC) Financial Condition Examiners Handbook. The vendor will be responsible for preparing a formal report of examination, including findings, conclusions, and recommendations for corrective or regulatory action. The vendor will also be required to provide a detailed work plan, identify major tasks to be accomplished, and provide written status reports on a monthly basis.
• The examination will cover the period from January 1, 2021, to December 31, 2025.
• The vendor must have a minimum of eight years of insurance company financial examination experience.
• The vendor must provide a Certified Financial Examiner (CFE) to function as the Examiner-in-Charge.
• The vendor must comply with all applicable federal and state regulations, including the Civil Rights Act of 1964.
• The vendor must maintain confidentiality and security of private and confidential data made available by the State.