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State Contract Reporting System

Florida Department of Financial Services: F.A.C.T.S

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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: ICA001

Long Title: ICA Actuarial Services

Vendor Name: AMI

Total Contract Amount: $75,000.00

Total Budgetary Amount: $75,000.00

Total Payment To Date: $37,126.58

Date of Execution: 08/05/2016

General Description: Upon a Letter of Authorization being submitted to the vendor, the vendor will participate in specific designated services, that may include but not be limited to participation in regulatory proceedings regarding all insurance activities conducted under the jurisdiction of the Department and the Office; examine rate and form fillings to assure rate changes are justified and fairly apportioned and ensure policies clearly and accurately reflect the coverage provided; assist the ICA in representing the public in a wide range of forums; and assist the ICA in any additional special projects. These services may also include on-site representation.

Main Information

Agency Contract ID: ICA001

FLAIR Contract ID: D1064

Short Title: CA-Actuary

Long Title: ICA Actuarial Services

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 08/05/2016

Date of Beginning: 08/05/2016

Original End Date: 08/04/2017

New Ending Date: 08/04/2019

Agency Service Area: ICA

Statutory Authority: Section 627.0613, F.S.

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: Agency Request For Proposals [s. 287.057(1)(b), F.S.]

State Term Contract ID:

Contract’s Exemption Justification: 0

Agency Reference Number: DFS CF RFP 15/16-12

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $75,000.00

Total Contract Amount: $75,000.00

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $75,000.00

Total Budgetary Amount: $75,000.00

Total Unfunded Amount: $0.00

As of Date: 1/9/2019

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$25,000.00 43-10-2-393001-43010400-00-100777-00 07/01/2018 2018-2019
$25,000.00 43-10-2-393001-43010400-00-100777-00 07/01/2017 2017-2018
$25,000.00 43-10-2-393001-43010400-00-100777-00 07/01/2016 2016-2017

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Renewal $0.00 R2 Provisions udpated in Attachment A & Addendum A 08/05/2018 07/23/2018 08/04/2019
Amendment $0.00 A2 Provisions udpated in Attachment A & Addendum A 08/05/2018 07/23/2018 08/04/2019
Renewal $0.00 R1 Renewal 08/05/2017 06/16/2017 08/04/2018
Amendment $0.00 A1 Amendment 08/05/2017 06/16/2017 08/04/2018

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
AMI AMI RISK CONSULTANTS, INC MIAMI FL 331840000 Asian-American, Certified

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
 Actuarial consulting services Participate (with on-site representation as needed) in regulatory proceedings regarding all insuranc... Fixed Fee / Unit Rate
     
 Actuarial consulting services Examine rate and form filings to assure that rate changes are justified and fairly apportioned and e... Fixed Fee / Unit Rate
     
 Actuarial consulting services Assist the ICA (with on-site representation as needed) in representing the public in a wide range of... Fixed Fee / Unit Rate
     
 Actuarial consulting services Assist the ICA in any additional special projects assigned by the Insurance Consumer Advocate, Chief... Fixed Fee / Unit Rate
     
 Travel facilitation “Travel Expenses (i.e. mileage, lodging, meals, etc.)” Cost Reimbursement
 Displaying 1 to 5 of 5    


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.

Payment Details

"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.
More Fiscal Year Total Amount
     
 2018-2019 $12,580.70
     
 2017-2018 $15,965.88
     
 2016-2017 $8,580.00

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - D1064 08/05/2016 8/17/2016 4:06:42 PM
Procurement Original Contract - D1064 8/17/2016 4:06:54 PM
Renewal R1 06/16/2017 6/22/2017 11:03:15 AM
Renewal R2 07/23/2018 8/3/2018 12:26:43 PM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

  • No audits have been conducted on this contract at this time.
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