Coverage: The Health Plan of West Virginia, Inc. and THP Insurance Company, covering January 1, 2023–December 31, 2026, under the NAIC Financial Condition Examiners Handbook.
Schedule: August 2, 2027–June 30, 2028.
Scope: Examination planning, financial examination, supervisory review, actuarial and IT reviews, electronic workpapers, monthly reporting, and two status meetings per month. Draft examination report and any management letter are due within 14 calendar days after fieldwork completion.
Staffing: SOFE-certified CFE lead with at least eight years of insurance financial examination experience; staff examiners with at least two years of insurance experience; AES- or CISA-qualified IT specialist; and FSA, ASA, or MAAA actuarial specialist. Each team member needs a TeamMate+ FedRAMP license.
Pricing: Include estimated hours, hourly rates, and total fees separately for financial examination, supervisory review, actuarial review, and IT review, plus an all-inclusive total.
XL Eagle