1519_Sep_24_26_solicitation_doc.pdf

This is a Request for Proposals issued by the State of Connecticut Insurance Department 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 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 encompasses designing and conducting market and feasibility assessments with data collection frameworks, performing actuarial and underwriting analysis, developing proposed plans with financial analysis and operating models, conducting legal evaluation of third-party litigation funding impacts, and preparing a final report with legislative recommendations. Proposals are due August 21, 2026, with questions due August 14, 2026. No bidders conference will be held. The contract is anticipated to begin October 6, 2026, and conclude with delivery of the final report to the Connecticut General Assembly by February 1, 2027.

The Connecticut State Legislature has allocated $200,000 for this engagement, with pricing to be submitted on a fixed-fee or milestone-based basis 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 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 applicable to contracts valued at $50,000 or more annually or $100,000 or more in combination. Questions should be directed electronically to George B. Bradner at George.bradner@ct.gov.