1519_Sep_1_26_solicitation_doc.pdf

This is a Request for Proposals 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 solicitation requests proposals for services including evaluation of the feasibility of multiple nonprofit entities pooling liability insurance policies, establishing a captive insurance company, risk management agency, or alternative insurance programs; design and conduct of market and feasibility assessments with data collection frameworks; performance of actuarial and underwriting analysis; development of a proposed plan with financial analysis and operating model; legal evaluation of third-party litigation funding impacts; and preparation of a final report with legislative recommendations. The contract is open to all vendors and does not require a site visit or bidders conference. Questions were due August 14, 2026, with proposals due August 21, 2026. The anticipated contract start date is October 6, 2026, with final report delivery by February 1, 2027. Contact for inquiries is George Bradner at the Department of Insurance, Hartford, Connecticut.

The Connecticut State Legislature has allocated $200,000 for this work, and proposers must submit fixed-fee or milestone-based pricing with detailed budget narratives and demonstrate 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; 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 applicable to contracts valued at $50,000 or more annually or $100,000 or more in combination.