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REQUEST FOR PROPOSALS (RFP) PROVIDE ACTUARIAL AND CONSULTING SERVICES FOR ALL HEALTH PRODUCT LINES

Nov 10, 2025
Posted Date
Dec 04, 2025
Submission Deadline
Reported Agency
OFFICE OF SUPERINTENDENT OF INSURANCE
Primary Contact
Michelle Montoya
Contract Term
4 years
Scope Location
New Mexico
Submission Address

Summary

This Request for Proposals (RFP) is issued by the State of New Mexico, Office of Superintendent of Insurance, to solicit sealed proposals for actuarial and consulting services for all health product lines. The services are intended to support the daily operations of the Life and Health Product Filing Bureau and will include rate review, expanding access to women's health projects, and other related actuarial and consulting tasks.

Evaluation Criteria

Organizational Experience, Organizational References, Engagement with Stakeholders, Quality Assurance, Confidentiality and Data Security, Financial Stability, Letter of Transmittal, Signed Campaign Contribution Disclosure Form, Cost

Required Deliverables

Recommendations to approve or disapprove a rate filing, Analysis, Training materials, Presentations/Briefings, Final Actuarial Report

Required Attachments

Acknowledgement of Receipt Form, Campaign Contribution Disclosure Form, Sample Contract, Cost Response Form, Letter of Transmittal Form, Organizational Reference Questionnaire
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Frequently Asked Questions

How do I respond to this RFP from New Mexico Office of Superintendent of Insurance?

To respond, review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is December 4, 2025. Proposals should be submitted to: [email protected]. For questions, contact Michelle Montoya.

What are the evaluation criteria for this solicitation?

This solicitation includes specific evaluation criteria that will be used to score proposals. Key factors are outlined in the Evaluation Criteria section above. Vendors should carefully align their proposals with each criterion to maximize their score.

Where can I find more RFPs from New Mexico Office of Superintendent of Insurance?

Civic IQ tracks all active and historical solicitations from New Mexico Office of Superintendent of Insurance. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts — giving you a complete picture of the procurement landscape.

What is the contract term for this solicitation?

The anticipated contract term is 4 years. Contract terms may include renewal options. Review the full solicitation document for details on renewal periods, performance benchmarks, and termination clauses.

What documents are required to bid on this RFP?

Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications or licenses, past performance references, and any forms or attachments specified in the solicitation. Review the full document from New Mexico Office of Superintendent of Insurance for the complete list of required submissions.

Can small businesses or minority-owned firms bid on this RFP?

Most government agencies, including New Mexico Office of Superintendent of Insurance in NM, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Some solicitations include set-aside provisions or evaluation preferences for these firms. Check the full solicitation for any small business participation goals or requirements.

What happens after the RFP submission deadline?

After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This process typically includes an initial compliance check, technical evaluation, cost analysis, and may involve oral presentations or interviews with shortlisted vendors. The timeline from submission to award varies but usually takes several weeks to months.

Can I ask questions about this solicitation before submitting?

Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact for this solicitation is Michelle Montoya. Questions and answers are typically shared with all prospective bidders to ensure fairness. Check the solicitation for the question submission deadline and process.

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