Technology, Management and BudgetIssuing agency·Michigan·via the Michigan SIGMA Vendor Self Service portalFinancial Examination Services Pre-Qualification
Pre-qualified contractors will be required to submit proposals per project via second-tier RFPs to perform insurance company financial examinations and analysis to determine solvency and compliance with Michigan insurance laws, regulations, bulletins, and NAIC requirements. Work includes developing examination plans, performing on-site examinations, preparing reports and management letters, and conducting financial analysis of insurance companies' financial statements. Contractors must travel to company sites as necessary and work under the direction of DIFS.
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Most Michigan work asks for the two below, and the solicitation documents are where it’s stated. One prequalification covers both — on this bid and the next.
A surety’s written statement that it expects to bond you up to a stated amount, subject to final underwriting. It’s what an agency asks to see before they take your bid seriously.
Source: Michigan SIGMA VSS (solicitation RFP-171-260000002746-3), retrieved via the Michigan SIGMA Vendor Self Service portal. View the official posting, and always confirm requirements and deadlines with the issuing agency.
