1_RFP Questions and Responses - July 21 2026 Combined.pdf

This is a Request for Proposals Questions and Responses document from the Connecticut Department of Insurance related to a consultant solicitation for conducting a feasibility study on nonprofit liability insurance availability. The RFP, issued on July 21, 2026, seeks a consultant to evaluate the viability of various insurance solutions including nonprofit liability insurance pooling arrangements, captive insurance companies, risk management agencies, and alternative insurance programs. Proposals were due July 27, 2026 at 5:00 p.m. EDT, with an anticipated contract start date of September 15, 2026 and final report delivery required by February 1, 2027. The consultant must deliver a comprehensive feasibility study, a proposed implementation plan detailing structure and governance, financial analysis including investment requirements and premium projections, and a final report with legislative recommendations to the Connecticut General Assembly. The work encompasses actuarial analysis, data collection framework development, market assessment, legal evaluation, and stakeholder engagement activities. One contract award is anticipated, with inquiries directed to George Bradner at the Connecticut Department of Insurance.

The maximum budget available for this engagement is $200,000, allocated by the Connecticut State Legislature. Proposers must submit fixed-fee or milestone-based pricing with detailed budget narratives and cost competitiveness documentation. The consultant is required to assemble a qualified team including a lead consultant, project managers, and subject-matter experts such as liability risk specialists, captive specialists, nonprofit sector specialists, actuaries, and legal advisors, with detailed resumes, staffing matrices, and conflict-of-interest disclosures required. Minimum qualifications include demonstrated expertise in evaluating and developing liability insurance programs, actuarial analysis capabilities, data collection and analysis expertise, financial analysis capabilities, and understanding of Connecticut General Statutes Title 38a regulatory requirements. Evaluation criteria are weighted at 35 percent for consulting service expectations, 25 percent for staffing expectations, 20 percent for data and technology expectations, and 10 percent each for organizational and budget/cost expectations.