Examination Administrative Services

The Delaware Department of Insurance has issued a Request for Proposal (RFP) for Examination Administrative Services, seeking an independent contractor to assist the Commissioner in conducting statutory examinations of Delaware-domiciled licensed insurance companies. The procurement is specifically for Kent County and targets professional services with stringent qualifications, including mandatory CPA and CIE designations, a minimum of 15 years experience conducting insurance examinations under Title 18, and 10+ years of experience providing independent expert financial advice on domestic insurer matters. Proposals will be evaluated on a 100-point scale, with points allocated across background/experience (30 points), approach to services (20 points), demonstrated ability (25 points), financial terms (15 points), and references (10 points). Key procurement dates include a March 21, 2025 deadline for questions, March 28, 2025 for question responses, proposal submissions due April 4, 2025 by 4:00 PM Eastern, and an estimated award notification on May 5, 2025. The contract term is three years with potential for two optional one-year extensions, and the RFP explicitly states that neither the lowest price nor highest scoring proposal will automatically be selected.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. No incumbent vendors are identified in the provided documentation. The solicitation appears open to qualified independent contractors with specialized expertise in insurance examination and financial advisory services. While a specific budget range is not disclosed, the comprehensive evaluation criteria suggest a sophisticated and potentially high-value professional services contract. Vendors must include detailed pricing and financial terms within their proposals, and the procurement emphasizes technical expertise and professional qualifications over cost as the primary selection criteria. The contract's focus on examining Delaware-domiciled insurers indicates a specialized procurement requiring deep understanding of insurance regulation, financial analysis, and state-specific insurance governance frameworks.