1519_Aug_27_26_solicitation_doc.pdf

This is a Request for Proposals (RFP) solicitation issued by the Connecticut Department of Insurance seeking a consultant to conduct a feasibility study and develop a comprehensive plan addressing nonprofit liability insurance availability concerns in the state. The consultant will evaluate multiple approaches including nonprofit entities pooling liability insurance policies, establishing a captive insurance company, creating a risk management agency, or implementing alternative insurance programs. The scope of work requires the consultant to design and conduct market and feasibility assessments with data collection frameworks, perform actuarial and underwriting analysis, develop a proposed plan with financial analysis and operating models, conduct legal evaluation of third-party litigation funding impacts, and prepare a final report with legislative recommendations for submission to the Connecticut General Assembly by February 1, 2027. The RFP opened July 31, 2026 at 2:00 PM EDT with a proposal submission deadline of August 21, 2026 at 11:59 PM EDT. Questions from vendors were due by August 14, 2026. No bidders conference will be held. The contract term runs from an anticipated start date of October 6, 2026 through final report delivery on February 1, 2027.

The Connecticut State Legislature has allocated $200,000 in total funding for this work. Proposals must include fixed-fee or milestone-based pricing with detailed budget narrative and demonstration of financial control procedures. Minimum qualifications for consultants include demonstrated expertise in evaluating and developing liability insurance programs, in-house or contracted actuarial analysis capabilities, data collection and analysis expertise, financial analysis capabilities with insurance company requirements knowledge, understanding of Connecticut General Statutes Title 38a regulatory environment, and preferred experience in the nonprofit insurance sector. Evaluation criteria weight Consulting Service Expectations at 35 percent, Staffing Expectations at 25 percent, Data and Technology Expectations at 20 percent, and Organizational Expectations and Budget/Cost Expectations at 10 percent each. All proposals must comply with Connecticut procurement regulations including nondiscrimination certifications and campaign contribution restrictions for contracts valued at $50,000 or more annually. Questions should be submitted electronically to George B. Bradner at George.bradner@ct.gov.