SOLICITATION NOTICE
U -- Basic Life Insurance Training - Solicitation Life Insurance
- Notice Date
- 3/11/2010
- Notice Type
- Combined Synopsis/Solicitation
- NAICS
- 524210
— Insurance Agencies and Brokerages
- Contracting Office
- Department of the Treasury, Internal Revenue Service (IRS), National Office Procurement (OS:A:P), 6009 Oxon Hill Road, Suite 500, Oxon Hill, Maryland, 20745
- ZIP Code
- 20745
- Solicitation Number
- TIRNO-10-R-00008
- Archive Date
- 4/24/2010
- Point of Contact
- Kenneth T Woolbright, Phone: 202-283-1119, Glen Haskins-Whitehead, Phone: 202 283-1286
- E-Mail Address
-
kenneth.t.woolbright@irs.gov, glen.haskins-whitehead@irs.gov
(kenneth.t.woolbright@irs.gov, glen.haskins-whitehead@irs.gov)
- Small Business Set-Aside
- N/A
- Description
- Life Insurance Solicitation DESCRIPTION OF SERVICES – Basic Life insurance Training Courses SPECIFIC TASKS - The Contractor’s course shall consist of multiple hours in the study of Insurance Accounting and Annual Statement and multiple hours covering Federal Taxation of Life Insurance Companies and provide the revenue agents with the training material needs to cover an extensive outline. In addition, the Contractor will provide reference materials that can be used in future IRS courses at no additional cost to the IRS. The prospective Contractor shall permit the IRS to use the Contractor's Annual Statement and associated data for IRS in-house training. This will allow the IRS to use the Contractor's Annual Statement and records. The Contractor shall provide the following in support of its annual statement: Reconciliation of Statutory Reserve to Tax Reserve, including detailed schedules showing what makes Account Balance Reserves, Schedule F, Line 1 through 6, Form 1120-L; Reconciliation of Statutory Reserve Increase to Tax Reserve Increase. The prospective Contractor agrees that the IRS instructors may contact Contractor for any additional information, as needed, at no additional cost to the IRS. A complete Annual Statement of a model Life Insurance company that has General Account (Blue Book) and Separate account (Green Book) and enters into indemnity and assumption reinsurance transactions with foreign insurance companies. These reference materials will allow the government to save substantive funds. The Contractor shall design, develop and deliver one or more comprehensive courses on life insurance each fiscal year which will enable agents (as identified above) to understand industry terminology, concepts, systems of records, insurance accounting, annual statements, reinsurance and federal taxation of insurance transactions. The Contractor’s portion of the course will be an integral part of the IRS’ overall course to the agents regarding the subject matter. The IRS will instruct the IRS portion and the Contractor shall instruct its portion of the course. The course shall be delivered in a classroom setting by the Contractor, which may be audited by IRS instructors. Additionally, the classroom setting will provide the level of interaction among students and instructors that will assure success. The Contractor’s portion of the course shall be presented by the Contractor during the delivery of the Government’s overall course relating to the subject matter. The Contractor’s course shall consist of multiple hours in the study of Insurance Accounting and Annual Statement and multiple hours covering Federal Taxation of Life Insurance Companies. The course material shall include current changes in both the tax law and accounting and financial reporting. The contractor shall provide “Insurance Accounting and Annual Statements” Training. The objective of this training is to enable the students to understand statutory accounting principles, industry terminology and concepts, and content of the annual statements with supporting schedules and exhibits. The contractor shall provide “Federal Taxation of Life Insurance Companies” training. The objective of this training is to enable the students to understand federal taxation of life insurance companies. This includes the code sections, regulations, IRS pronouncements, and court cases. The students should have the necessary instruction and course materials to enable them to prepare and examine Form 1120-L after completing the training.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/TREAS/IRS/NOPAP/TIRNO-10-R-00008/listing.html)
- Place of Performance
- Address: Nation Wide, United States
- Record
- SN02090300-W 20100313/100311235614-ad2f2bb309d440ef1a8636a6e9c91262 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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