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BOARD OF CONTRACT AND SUPPLY CITY OF PROVIDENCE, RHODE ISLANDREQUEST FOR PROPOSALS Item Description: RATE FILING CONSULTANTS (EXP. 6/30/25) WITH THE OPTION FOR (2) 1 YEAR EXTENSIONS Date to be opened:
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Organizations or individuals involved in the insurance industry, specifically those responsible for setting insurance rates and premiums, need RFP - rate filing.
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RFP (Rate Filing) is a process where insurance companies submit their proposed rates for approval by the state insurance department before implementing them.
Insurance companies are required to file RFP (Rate Filing) with the state insurance department.
Insurance companies can fill out RFP (Rate Filing) forms online or through paper forms provided by the state insurance department.
The purpose of RFP (Rate Filing) is to ensure that insurance rates are fair and reasonable for consumers.
Information such as the proposed rates, actuarial justification, and any changes in coverage must be reported on RFP (Rate Filing).
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