My Florida Marketplace #2526-02 ITB OIR

Florida Office of Insurance Regulation Seeks Vendors for Insurance Examination Services

The Florida Office of Insurance Regulation, part of the Department of Financial Services, is seeking qualified vendors to provide insurance examination services for authorized insurers and related organizations. - Government Buyer: - Florida Office of Insurance Regulation, Department of Financial Services, Office of Purchasing and Contractual Services - Services Requested: - Financial examination services, including preparation of examination reports, management letters, summary review memorandums, and management representation letters - Actuarial examination services, including risk identification, workpaper preparation, and actuarial closing memos - Information technology examination services, including IT control environment reviews, IT review work programs, and summary memorandums - No specific OEMs or vendors are named; the opportunity is open to all qualified firms with relevant professional certifications (CPAs, actuaries, IT specialists, reinsurance and investment specialists) - Notable Requirements: - Compliance with Florida statutes, Rule 69O-138, and NAIC Financial Condition Examiners Handbook - Adherence to data security standards - Conflict of interest disclosures and Consultant Profile Questionnaire with pricing - Availability for post-examination services for one year after each examination - Contract Details: - Initial term of one year, with up to three additional years of renewal possible - Pricing is based on examination assignments

Description

The Department of Financial Services (DFS), Office of Insurance Regulation, is seeking qualified vendors to provide examination services. These services include examining the affairs, transactions, accounts, records, and assets of authorized insurers, prepaid limited health service organizations, discount plan organizations, and health maintenance organizations. The solicitation is an Invitation to Bid (ITB) and will be administered through the MyFloridaMarketPlace Vendor Information Portal. The contract term is initially one year with possible renewals up to three years.

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