Statistical reporting agent RFQQ

Description

During the 2013 legislative session, the Washington State Legislature enacted Chapter 65, Laws of 2013 (HB 1035; www.leg.wa.gov). This legislation provides that all authorized title insurance companies and licensed title insurance agents in the State of Washington must submit annual reports of their income and expenses to an independent statistical reporting agent designated by the insurance commissioner. The statistical reporting agent must then review the information submitted for completeness, accuracy, and quality.

We are soliciting propsals from qualified vendors to designate as the agent for this newly-enacted law.

Important dates

For full details, review the announcement document.

Item Date
Pre-proposal conference call September 11, 2014
Questions due from vendors September 15, 2014, 11:59 pm
Last amendment from OIC September 19, 2014
Proposals due to OIC September 30, 2014, 4:00 pm

RFQQ documents

RFQQ 201501 (PDF,489 KB): Solicitation for Statistical reporting agent for title insurance rates

Questions and Answers #1 (PDF, 125 KB): Questions and answers from the pre-proposal conference call

Proposal results

The scoring team was composed of three individuals. The table below displays each team member's score, as well as the final score for each proposer. The apparent successful contractor is Michael Lamb, LLC.

Proposer Score A Score B Score C Final Score
Michael Lamb, LLC 83 81 93 85.67
Milliman 78.93 77.93 77.93 78.26
Pinnacle Actuarial Resources Inc 46 54 49 49.67
Regulatory Research Corp 74 68 79 73.67

 

Updated 10/16/2014

See also

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