1508_Aug_3_26_solicitation_doc.pdf

This is a Request for Proposals (RFP) document issued by the Connecticut Department of Insurance seeking a consultant to conduct a feasibility study and develop a plan addressing nonprofit liability insurance availability concerns in the state. The consultant must deliver a comprehensive feasibility study evaluating viable nonprofit liability insurance pooling arrangements, captive insurance companies, risk management agencies, and alternative insurance programs; a proposed plan detailing structure, governance, and operational model; a financial analysis including initial and ongoing investment requirements and premium cost projections; and a final report with legislative recommendations. The project scope includes actuarial analysis, data collection framework development, market assessment, legal evaluation, and stakeholder engagement. The proposal submission deadline is July 27, 2026 at 5:00 p.m. EDT, with the RFP period running from July 6, 2026 to July 27, 2026. The anticipated contract start date is September 15, 2026, with final report delivery required by February 1, 2027.

The Connecticut State Legislature has allocated a maximum budget of $200,000 for this engagement. Proposers must submit fixed-fee or milestone-based pricing with detailed budget narratives and cost competitiveness documentation. The consultant must 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. One contract award is anticipated. Inquiries should be directed to George Bradner at 860-716-0154, 860-297-3866, or george.bradner@ct.gov.