1519_Oct_8_26_solicitation_doc.pdf

This is a Request for Proposals 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 be tasked with evaluating the feasibility of multiple 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 includes conducting market and feasibility assessments with data collection frameworks, performing actuarial and underwriting analyses, 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 by February 1, 2027. The proposal submission deadline is August 21, 2026 at 11:59 PM EDT, with questions due by August 14, 2026. The contract term is anticipated to run from October 6, 2026 through February 1, 2027. No bidders conference will be held.

The Connecticut State Legislature has allocated $200,000 for this engagement, with proposers required to submit fixed-fee or milestone-based pricing accompanied by detailed budget narratives and demonstration of financial control procedures. Minimum qualifications for proposers 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 expertise, 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.