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U.S. Virgin Islands GVIBUY·U.S. Virgin Islands

Financial Examination Contractor to assist the OLG, Division of Banking, Insurance and Financial Reg

Closes 11/26/2025$50k – $200kRequest for Proposal
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Description

The Office of the Lt. Governor, Division of Banking, Insurance and Financial Regulation, is seeking a qualified Contractor to conduct financial examinations of property and casualty insurers that are domiciled in the United States Virgin Islands. The examinations will include a full scope examination of two domestic multi-state property and casualty insurers and one domestic single-state property and casualty insurer. The examination will also include one target or limited scope examination for a domestic property and casualty insurer. Key aspects of the job include: • Conducting financial examinations of property and casualty insurers • Full scope examination of two domestic multi-state property and casualty insurers • Full scope examination of one domestic single-state property and casualty insurer • Target or limited scope examination for a domestic property and casualty insurer

Attached files

Contact

Kim Spencer(Purchaser)

[email protected]

Key dates

Opened
10/28/2025
Questions due
11/12/2025
Closes
11/26/2025
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524292
Solicitation №
BD-26-300-3030-619

Budget estimate

$50,000 – $200,000

Given the nature of the job, which involves conducting financial examinations of property and casualty insurers, it is difficult to estimate the exact budget without more specific information about the scope and scale of the examinations. However, considering the complexity and expertise required for such examinations, the budget could potentially range from $50,000 to $200,000, depending on factors such as the number of examinations to be conducted, the duration of the contract, and the level of expertise required.

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