Specifications include, but are not limited to: The West Virginia Purchasing Division is soliciting bids on behalf of The West Virginia Offices of the Insurance Commissioner (OIC) to establish an open-ended contract for actuarial rate review of property and casualty (P & C) related product filings and consulting services. P & C product filings include, but are not limited to, personal automobile, homeowners, medical malpractice, commercial liability, commercial auto, commercial property, and inland marine. The actuarial firm (Vendor) may provide other management consulting services for the OIC and perform special reviews and analysis of P & C products for the OIC. The additional services may include appearances by the Vendor’s personnel before legislative and executive bodies, or others to respond to questions or give reports. The Vendor may also be required to provide testimony at rate hearings. These services may also include the preparation of related written reports. All work will be under the direction of the Insurance Commissioner or his designee. Written reports and findings must be submitted in draft form in order that any necessary changes may be discussed and agreed upon before final acceptance.
