Specifications include, but are not limited to: 2.1 As directed by the Department, Contractor shall provide actuarial services for property, casualty, and surety insurance. As such, the Contractor will provide one or more of the following services upon the request of and as directed by the Department: 2.1.1 Actuarial services for examinations of property and casualty insurers in accordance with the Market Regulation Handbook of the National Association of Insurance Commissioners (NAIC), the NAIC’s Financial Condition Examiners Handbook, the NAIC’s Accounting Practices and Procedures Manual, and Department regulations and instructions. 2.1.2 Review actuarial calculations and certifications of policy reserves and related liabilities of property and casualty insurers. 2.1.3 Review reinsurance arrangements and other financial information of property and casualty insurers.
