Through this Request for Proposal (RFP) the Vermont Department of Financial Regulation (hereinafter the “State” or the “Department”) is seeking bid proposals from firms competent to perform actuarial reviews of property and casualty rate filings and actuarial analysis consulting work for the Department. The Department is seeking fair insurance rates and benefits for the citizens of Vermont by maintaining a vigorous and competitive insurance market. The nature of the work sought by the Department in this Request for Proposal requires a broad range of actuarial and business expertise. The performance of these duties requires sensitivity to, and familiarity with, the Vermont insurance market, familiarity with general financial standards, examination requirements and standards of the National Association of Insurance Commissioners (“NAIC”), and Vermont’s insurance.
