South Dakota Posting Board #26RFP19858

South Dakota Division of Insurance Seeks Market Conduct Examination Services

The South Dakota Division of Insurance, under the Department of Labor and Regulation, is seeking a contractor to provide Market Conduct Examination Services for insurance companies. - Government Buyer: - Department of Labor and Regulation, Division of Insurance (South Dakota) - Office: South Dakota Division of Insurance - OEMs and Vendors: - No specific OEMs or commercial vendors are named; the opportunity is for professional services, not products - Products/Services Requested: - Comprehensive on-site and off-site Market Conduct Examinations of insurance companies - Services must be performed in accordance with the NAIC Market Regulation Handbook - Contractor must provide qualified examiners, including an Examiner in Charge - Tasks include planning, data requests, issuing criticisms, reporting, and possible participation in hearings - Unique or Notable Requirements: - Contractor must be able to begin services within 30 days of contract signing - Adherence to state-mandated certifications (debarment, non-discrimination, foreign entity restrictions) - Monthly invoicing required - Contract includes an initial two-year term with up to two optional two-year renewals, contingent on performance - Compliance with state insurance and certification requirements is mandatory

Description

The South Dakota Division of Insurance is seeking a contractor to provide comprehensive on and off-site Market Conduct Examinations of insurance companies. The contractor must be able to begin examinations no later than 30 days from the date the contract is signed. This is an invitation-only request for proposal with a response deadline of September 1, 2026. Inquiries regarding the RFP must be emailed to the designated contact, Tony Dorschner.

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