(a) The department shall, on request by a system, provide a list of all carriers:
(1) authorized to engage in business in this state; and
(2) eligible to bid on insurance coverage provided under this chapter.
(b) The department shall, on request by a system, examine and evaluate a bidding contract and certify the contract’s actuarial soundness to the system not later than the 15th day after the date of the request.