Seeking Experienced Auditor for Montana Reinsurance Program

Purpose The Montana Reinsurance Association (the “Association”), through its Board of Directors (“Board”), is seeking a qualified external independent auditor to audit the program as required by federal and state law.

Description of Audit Services 1. The Form and express an opinion about whether the financial statements are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America.

2. Plan and perform an audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

3. Consider the internal control of the Program solely for the purpose of determining audit procedures.

4. Plan and perform the required Single Audit for subrecipient for MRA’s 1332 Grant.

5. Plan and perform the carrier audit in addition to the financial audit. The carrier audit consists of taking a sample of the claims paid and the individuals ceded in the program and tracing the information back to source documents which might include the policy application, UB92 or HICFA documents.

6. Communicate significant matters related to the audit that are relevant to the responsibilities in overseeing the financial reporting process for the Program.

7. The response to this RFP should identify the membership and credentials of the review team, and the primary contact’s information. The review team will include insurance audit experience.

8. The independent party shall prepare a written report upon completion of the audit that is addressed to the Board of Directors. A presentation on the audit results will be made to the Board of Directors.

Please email your written proposal to the following: RaeLynn Williams rwilliams@mtreinsurance.org and Richard Miltenberger richard@mhc.coop