Health Plan Group Financial Examination Services

The West Virginia Offices of the Insurance Commissioner is seeking a qualified firm to conduct a statutory financial examination of the Health Plan Group, including financial, actuarial, and IT review services.

West Virginia > Department of Tax and Revenue > Offices of the Insurance Commissioner


General
Open
Nov 16, 2026 07:00 PM
Oct 22, 2026 01:13 PM
Request for Quote/Qualifications (RFQ)
State
Ask AI about this solicitation
Contact
beverley.a.toney@wv.gov
900 Pennsylvania Avenue, Charleston, WV, USA
Submission Instructions
Online

or

Mail
Beverley A. Toney, Procurement Officer, WV Offices of the Insurance Commissioner, 900 Pennsylvania Avenue, Charleston, WV 25302
Description

The West Virginia Offices of the Insurance Commissioner seeks a vendor to conduct a statutory financial examination of The Health Plan of West Virginia, Inc. and THP Insurance Company for the examination period January 1, 2023, through December 31, 2026. The work must follow the NAIC Financial Condition Examiners Handbook and includes examination planning and budgeting, coordinating and documenting examination procedures, supervisory review, follow-up work, and preparing a formal Report of Examination and, if applicable, a Management Letter. The vendor must provide qualified examination staff, including an Examiner-in-Charge with a Certified Financial Examiner designation and specified experience, an IT specialist, and an actuarial specialist. The scope also includes monthly status reports and separate recurring status meetings with the companies and the regulator. The examination is anticipated to be conducted remotely.

Classification Codes
NAICS524298All Other Insurance Related Activities
PSCR704Auditing Services
Smart Codes
insurance financial examinationactuarial review servicesinformation technology audit
Specifications
Service Only
Timeline
Oct 26, 2026 09:00 PM-Written Questions Submission Deadline
Nov 2, 2026-Addendum Issued
Nov 16, 2026 07:00 PM-Bid Opening
Aug 2, 2027-Expected Examination Start
Jun 30, 2028-Expected Examination End
Requirements
Required
  • Minimum 3 references
  • Within the last 3 years
  • Client point of contact required for each reference
Yes
Location
RemoteThis work may be performed remotely.
Documents
TitleDate Posted
rfp102226zOct 22, 2026 01:13 PM
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