1. The selected Contractor will provide the following staffing to perform a full-scope financial examination of two (2) domestic multi-state property and casualty insurers and one (1) domestic single state property and casualty insurer: a. EiC (qualified as required by the NAIC FCEH and NAIC Accreditation Standards); b. Examination staff as needed (qualified as required by the NAIC FCEH and NAIC Accreditation Standards); c. IT specialists as needed (qualified as required by the NAIC FCEH and NAIC Accreditation Standards); and d. Actuarial specialists as needed (qualified as required by the NAIC FCEH and NAIC Accreditation Standards). 2. The detailed steps to be performed are too numerous to include in this document, but generally the selected Contractor will perform steps to conduct a full-scope financial examination of each property and casualty insurer in accordance with the seven-phase, risk-focused examination process prescribed by the NAIC. 3 The selected Contractor will also provide an EiC, who is qualified as required by the NAIC FCEH and NAIC Accreditation Standards, to work for at least sixty (60) hours conducting one (1) target or limited-scope financial examination of a domestic property and casualty insurer. 4. The selected Contractor shall perform each examination in accordance with the guidelines and requirements of the laws and regulations of the U.S. Virgin Islands, the NAIC FCEH, and NAIC Accreditation Standards.
