Specifications include, but are not limited to: 1.00 Provide an evaluation of the actuarial soundness of the Greater Tompkins County Municipal Health Insurance Consortium (GTCMHIC). 1.01 Prepare annual Actuarial Certification and State exhibits required by the New York State Department of Financial Services, formally known as the New York State Insurance Department). A member of the American Academy of Actuaries or an Associate, Society of Actuaries must sign the certification. Provide actuarial analysis to evaluate the extent of compliance with the standards as expressed by the Governmental Accounting Standards Board in their Governmental Accounting Standard Series, as per the attached Exhibit 1. 1.02 Contractor must follow HIPAA guidelines and be willing to sign Business Associate Agreement with the GTCMHIC. 1.03 Describe the forecasting methodology to be used to complete the tasks. Justify the chosen actuarial methods to be used in written narrative form.
