Maryland Automobile Insurance Fund

Buyer seeks a qualified firm to conduct independent audits of its Insured and Uninsured Divisions for fiscal years 2025-2029. The Insured Division's financial statements follow statutory NAIC accounting with $167.3M in assets and $122.7M in net earned premium. The Uninsured Division follows US GAAP with $9.5M in assets and $8.5M in revenue. The work will be performed remotely within the United States.

• 5/7/2025 - Question Deadline 1
• 5/14/2025 - Question Deadline 2
• 5/21/2025 - Question Deadline 3
• 5/28/2025 - Question Deadline 4
• 6/6/2025 - Proposal Due Date

• Audit Insured Division financial statements prepared on statutory NAIC basis
• Audit Uninsured Division financial statements prepared on US GAAP basis
• Perform audits for fiscal periods 2025-2029
• Coordinate with Fiscal, IT, and Internal Audit departments
• Work remotely within the United States
• Provide interim and year-end fieldwork phases
• Issue reports on financial statement audits
• Maintain confidentiality of insurance client data
• Review property and casualty insurance accounting
• Evaluate controls specific to insurance operations