NOTICE FOR ACTUARIAL CONSULTANTS

The Division of Insurance, Department of Commerce and Consumer Affairs, of the State of Hawaii plans to use professional services of actuaries or actuarial firms for the following projects during thefiscal year 2002-20052008-2009 calendar years::

To analyze that rates on healthaccident and health or sickness insurance in Hawaii are not excessive, inadequate or unfairly discriminatory in relation to the coverage afforded pursuant to Hawaii Revised Statutes (HRS) chapters 431, 432, and 432D and acceptable actuarial techniques.

To provide actuarial analysis of the expected impact of healthaccident and health or sickness insurance-related administrative rules of other state agencies and legislation including review of industry s calculation of proposed or enacted legislative impact.

Candidates must meet various minimum specifications including, but not limited to, the following:

Member of the American Academy of Actuaries.

Associate or Fellow of the Society of Actuaries.

Significant experience in reviewing healthaccident and health or sickness insurance, including long term care insurance, rate filings.

Significant participation in national regulatory insurance issues.

Significant experience in testifying at rate administrative hearings.

Those that are interested and capable of providing the professional services required shall submit a letter of interest, together with a resume, references, and professional fee schedules, to the Health Insurance Branch AdministratorRate & Policy Analysis Manager, Division of Insurance, Department of Commerce and Consumer Affairs, 250 South King Street, 5th Floor335 Merchant Street, Room 213, Honolulu, HI 96813.

Resumes should include a description of the actuaries or the actuarial firms and statements of the qualifications and related experiences as they relate to the proposed projects of the principal(s) and/or staff member(s).

The letter of interest should include a brief statement of the principal actuary s view on the role of return on equity.

Contractors are hereby notified of the applicability of HRS section 11-205.5, which states that campaign contributions are prohibited from specified State or county government contractors during the term of the contract if the contractors are paid with funds appropriated by a legislative body.

The letter of interest, resume, and professional fee schedule shall be submitted and received by the Health Insurance Branch AdministratorRate & Policy Analysis Manager no later than 4:30 p.m., May 31, 2002June 30, 2008.

Letter of interest and resumes received after this deadline date ( late submittal ) will be considered as follows:

A Late Submittal received between:		Will be considered for the balance of the fiscal year starting:
July 1, 2008 March 31, 2009		45 days after date of receipt

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