Actuarial Rate Review of Life & Health Related Products

The contract is for actuarial rate review of life and health related products, and was awarded to INS Consultants, Inc. for a period of one year. The contract has a total order amount of $0.00, but the unit price for actuarial consulting services is $220.00 per hour. The contract includes provisions for renewal, and the vendor is required to provide actuarial consulting services to the Offices of the Insurance Commissioner. Key aspects of the contract include the scope of work, the payment terms, and the renewal provisions. • The scope of work includes actuarial rate review of life and health related products. • The payment terms include a unit price of $220.00 per hour for actuarial consulting services. • The renewal provisions include the option to renew the contract for an additional two years. • The contract also includes provisions for change orders and renewals. • The vendor is required to provide actuarial consulting services to the Offices of the Insurance Commissioner. • The contract includes a provision for the vendor to provide a detailed report of their findings and recommendations.