Specifications include, but are not limited to:This is an RFP to solicit proposals from Bidders to obtain Insurance Actuarial Contractors to perform Life/Health, Property/Casualty Rate Review Services, and Public Policy and Research Actuarial Services. The Department of Insurance and Financial Services (DIFS) is responsible for the regulation of life and health (L&H) and property and casualty (P&C) insurance companies as authorized under the Michigan Insurance Code of 1956, PA 218 of 1956 (Code). DIFS is charged with the responsibility for ensuring that all rate development complies with statutory standards. DIFS needs P&C actuaries to opine to the adequacy, compliance, and actuarially soundness of rates, rating methodologies, classifications, and rating rules filed by P&C insurers. Additionally, DIFS needs L & H actuaries to opine to the adequacy, compliance, and actuarially soundness of rates and rating methodologies filed by individual and group health insurers. Contractor qualifications will be accessed by DIFS and will be awarded as a result of this RFP. Specific rate review assignments, relative to the identified qualifications provided in this RFP, will be referred to the awarded contractors on a rotating basis unless one of the following conditions occurs: There is a conflict of interest. The actuarial firms or individuals assisting DIFS with specific rate reviews must not be associated, either financially or contractually, with the entity being reviewed and there must be no financial or contractual relationship, either written or oral, for two years prior to, during the life of and for two years after, any contract awarded or any subsequent contract work order without the written consent of DIFS. Failure by the Contractor to comply with this provision may result in the cancellation of services and/or the Contact The Contractor has previously reviewed an insurer’s rate filing. DIFS seeks to ensure efficiencies in rate filing reviews so may refer filings from a specific insurer to a Contractor who has recently reviewed that insurer’s filings. The Contractor demonstrates special expertise. DIFS recognizes some Contractors develop special expertise in a particular line of insurance. If that expertise results in efficiencies during rate filing reviews, DIFS may utilize that Contractor more heavily.