1519_Oct_16_26_solicitation_doc.pdf

This is a Request for Proposals solicitation from 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 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 analyses, developing a proposed plan with financial 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. The solicitation opened July 31, 2026, with proposals due August 21, 2026, at 11:59 PM EDT and vendor questions due August 14, 2026. No bidders conference will be held. The contract is anticipated to begin October 6, 2026, and conclude with final report delivery on February 1, 2027.

The Connecticut State Legislature has allocated $200,000 for this work, with pricing to be submitted on a fixed-fee or milestone-based basis accompanied by detailed budget narratives. Minimum qualifications require 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 requirement 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 or $100,000 or more in combination. Inquiries should be directed to George B. Bradner at George.bradner@ct.gov or 860-716-0154.