Market Conduct Analyst/Examiner

The Commonwealth of Kentucky, Public Protection Cabinet/Department of Insurance is requesting proposals for a personal service contract to procure a Market Conduct Analyst/Examiner, with proposals due August 26, 2026 at 2:00 PM and written questions due August 4, 2026.

The position involves conducting market conduct examinations of insurance companies and other regulated entities to assess compliance with the Kentucky Insurance Code and applicable insurance statutes. Responsibilities include data analysis using ACL software, examination of regulated entities' affairs and records per National Association of Insurance Commissioners (NAIC) standards, preparation of examination reports, and potential testimony in formal proceedings. Work is performed primarily from the vendor's residence with limited travel requirements.

The Commonwealth offers multiple position levels with tiered educational and experience requirements: Market Conduct Analyst (MBA or AIE/CIE designation, bachelor's degree, three years insurance experience); Examiner in Charge (AIE/CIE designation and bachelor's degree or ten years insurance experience); Senior Examiner (MBA or equivalent designation, bachelor's degree, five years insurance experience); Insurance Examiner (AIE/CIE designation, bachelor's degree, three years insurance experience); and Associate Examiner (bachelor's degree or two years insurance experience). Hourly rates range from $43.00 to $105.00 depending on position level and distance from vendor residence or Department office. Services are limited to 1,950 hours per fiscal year.

The initial contract term runs September 15, 2026 through June 30, 2028, with Commonwealth reservation to renew for up to two additional two-year periods subject to Finance and Administration Cabinet Secretary approval and Legislative Research Commission Government Contract Review Committee review. The Commonwealth evaluates proposals on technical merit alone (maximum 1,000 points): prior agency experience (300 points), previous experience and technical expertise (200 points), and qualifications, education, licenses, and certifications (500 points), plus up to 100 additional points if oral presentations are required. Anticipated Commonwealth responses to questions are August 14, 2026. The contract is subject to Kentucky civil rights laws, nondiscrimination requirements, conflict-of-interest statutes, campaign finance laws, tax and employment law compliance, and the CIO-126 Artificial Intelligence Policy.