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Invitation to Negotiate (ITN) - Florida State Board of Administration

Invitation to Negotiate (ITN) - Florida State Board of Administration

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4. Must have a minimum <strong>of</strong> five years relevant experience providing reinsurance relatedadministrative services and/or actuarial consulting services. A Respondent may submit aresponse only for those services the Respondent seeks <strong>to</strong> provide where the minimumexperience requirement has been met.5. If Respondent seeks <strong>to</strong> provide Administrative Services, the Respondent mustdemonstrate its ability <strong>to</strong> review and interpret policy coverages on personal residentialpolicies, commercial residential policies, mobile home policies, farmowners policies, andany other covered policies as defined in Section 215.555, <strong>Florida</strong> Statutes.6. If Respondent seeks <strong>to</strong> provide Administrative Services, the Respondent mustdemonstrate its capabilities and experience in evaluating property losses in comparison <strong>to</strong>property coverages provided under individual property policies.7. If Respondent seeks <strong>to</strong> provide Actuarial Consulting Services, the Respondent must havea minimum <strong>of</strong> five years <strong>of</strong> relevant experience developing rates and providing valuation<strong>of</strong> property claims and losses.8. If Respondent seeks <strong>to</strong> provide Actuarial Consulting Services, the primary individualsdirectly assigned <strong>to</strong> provide these services <strong>to</strong> the FHCF must be a member <strong>of</strong> theCasualty Actuarial Society.6

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