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  • Producers/Agents


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Notice of Request for Proposals for Actuarial, Examination and CPA Services

Responses due no later than June 1, 2018 3:00PM CT

Contact: Reyn Norman, General Counsel

(334) 241-4116

5/1/2018

[Notice issued May 1, 2018; Revised May 7, 2018]

The Alabama Department of Insurance (DOI) hereby gives notice of the issuance of Requests for Proposals (RFP) for qualified respondents to provide the DOI with the following professional services:

·       Property and Casualty Insurance Actuarial Services

·       Life and Disability Insurance Actuarial Services

·       Certified Public Accountant Services

·       Insurer Examination Services

·       Insurer Market Conduct Examination Services

·       Insurer Investments Examination Services

·       Insurer Automated Examination Services

Contracts are contemplated to be awarded for the one-year of term October 1, 2018, through September 30, 2019.  Responses to the RFP must be received not later than June 1, 2018, at 3:00 PM CDT.  Each response must include one original unredacted response in printed form plus one identical electronic copy in PDF format on either Compact Disc (CD or DVD) or USB drive.

The RFPs are listed in the State of Alabama Accounting and Resource System (STAARS).  You may learn about STAARS at http://vendors.alabama.gov/, and can register as a Vendor at https://procurement.staars.alabama.gov/webapp/PRDVSS1X1/AltSelfService.

Additional information is set forth in the attached files, each accessible in Adobe format:

  • RFP for Professional Actuarial Services for Property and Casualty Insurance: Adobe
  • RFP for Professional Actuarial Services for Life and Disability Insurance: Adobe
  • RFP for Professional CPA Services: Adobe 
  • RFP for Professional Insurer Examination Services: Adobe
  • RFP for Professional Insurer Market Conduct Examination Services: Adobe
  • RFP for Professional Insurer Investments Examination Services: Adobe
  • RFP for Professional Computer Audit Services: Adobe

Exhibit B, the TeamMate® Confidentiality Agreement, must be submitted with every proposal except for CPA.  A PDF copy is included above with each RFP.  An additional copy in Word format is accessible here: Word

State law requires a Disclosure Statement to be submitted with every proposal.  The form can be accessed from the Attorney General’s Web site at https://ago.alabama.gov/Form

For the procedures and forms for foreign corporations to qualify to do business in the State of Alabama, please visit the web page for the Alabama Secretary of State at http://sos.alabama.gov/

REVISIONS TO THIS NEWS RELEASE AND RESPONSES TO QUESTIONS WILL BE POSTED BELOW:

Question 1, regarding the Description of Services for Actuaries:

In RFP#ALDOI-2018-1 for Property and Casualty Insurance Actuarial Services, and also in RFP#ALDIO-2018-2 for Life and Disability Insurance Actuarial Services, the services described in Paragraphs 1.2.1.5, 1.2.1.6, and 1.2.1.7, appear to be more in line with services to be performed by an Insurance Examination firm, rather than an Actuarial firm.  If awarded a contract, would an actuarial firm be expected to provide these services?

Answer:  No.  These services are more appropriately included with examination services and should not have been included with the actuary services.  Please ignore the services listed in Paragraph 1.2.1.5, 1.2.1.6, and 1.2.1.7 in both RFP#ALDOI-2018-1 for Property and Casualty Insurance Actuarial Services, and RFP#ALDOI-2018-2 for Life and Disability Insurance Actuarial Services.  Likewise, in the sample contracts attached to both RFPs as Exhibit “A”, Paragraphs 2.1.5, 2.1.6, and 2.1.7 can be ignored and will be removed from any final contract to be offered in this regard.  We apologize for the confusion caused by this mistake.