1519_Aug_28_26_solicitation_doc.pdf

This is a Request for Proposals (RFP) solicitation document issued by the State of 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 the feasibility of multiple approaches, including nonprofits pooling liability insurance policies, establishing a captive insurance company, creating a risk management agency, or implementing alternative insurance programs. The scope of work includes designing and conducting market and feasibility assessments with data collection frameworks, performing actuarial and underwriting analysis, developing a proposed plan with financial analysis and operating models, conducting legal evaluation of third-party litigation funding impacts, and preparing a final report with legislative recommendations for submission to the Connecticut General Assembly. Proposals are due August 21, 2026, at 11:59 PM EDT, with questions due by August 14, 2026. The anticipated contract start date is October 6, 2026, with final report delivery scheduled for February 1, 2027. No bidders conference will be held for this solicitation.

The Connecticut State Legislature has allocated $200,000 for this engagement, with contractors required to submit fixed-fee or milestone-based pricing with detailed budget narratives and documented financial control procedures. Minimum qualifications 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 are weighted as follows: Consulting Service Expectations (35 percent), Staffing Expectations (25 percent), Data and Technology Expectations (20 percent), and Organizational Expectations and Budget/Cost Expectations (10 percent each). All proposals must comply with Connecticut procurement regulations, including nondiscrimination certifications and campaign contribution restrictions applicable to contracts valued at $50,000 or more annually. Questions should be submitted electronically to George B. Bradner at George.bradner@ct.gov.