NAIC-membership dues sole source

The Illinois Department of Insurance (IDOI) intends to award a sole source contract to the National Association of Insurance Commissioners (NAIC) for annual membership dues covering the period from May 1, 2025, through April 30, 2026. This procurement is for critical regulatory support services including model laws development, multi-state licensing coordination, financial surveillance tools, and coordinated insurance company examinations. The contract's total value is $111,338, representing a 20% increase from previous years due to base fee adjustments and changes in Illinois' premium written percentage. Interested parties have until February 14, 2025, at 4 p.m. to submit written comments or request a public hearing regarding this sole source procurement. The contract is specifically for maintaining NAIC membership, which provides essential regulatory capabilities that would otherwise require the IDOI to significantly expand its current staff of 50 analysts to manage oversight of approximately 1,470 insurance companies.

This procurement appears to be unrestricted in terms of set-aside designations or enterprise classifications, as it is a direct membership renewal with a specific organizational entity. The contract is funded through state appropriated funds and represents a continuation of an existing relationship that IDOI has maintained for over a decade. No alternative vendors can provide the specific comprehensive regulatory support services offered by NAIC, which justifies the sole source designation. The procurement does not require integration with existing technology infrastructure beyond standard membership access. While the current contract value is $111,338, this represents an increase from previous years' membership dues, which ranged from $87,716 in 2019-2020 to $89,835 in 2024-2025. The significant increase is attributed to the first base fee adjustment in 13 years and a slight increase in Illinois' share of total premiums written.