My Florida Marketplace #2627-02 RFP OIR

Multi-State Market Conduct Examination of NCCI for Florida DFS Office of Insurance Regulation

This opportunity is for a comprehensive multi-state market conduct examination of the National Council on Compensation Insurance, Inc. (NCCI) by the Florida Department of Financial Services, Office of Insurance Regulation. - Government Buyer: - Florida Department of Financial Services (DFS), Office of Insurance Regulation - Office of Purchasing and Contractual Services - OEMs and Vendors: - National Council on Compensation Insurance, Inc. (NCCI) is the subject of the examination - No specific OEMs or vendors are pre-identified; open to qualified firms with relevant expertise - Products/Services Requested: - Multi-State Market Conduct Examination Services - Comprehensive review of NCCI's operations, compliance, and reporting - Includes data calls, fieldwork, report drafting, review of responses, exit conferences, and invoicing - May cover procedural considerations, advisory organization operations, statistical plans, data handling, ratemaking, classification, form development, inspection services, and residual market functions - Use of NAIC Market Regulation Handbook required - Quantity: 1 engagement - Unique/Notable Requirements: - Professional qualifications in market conduct examinations, especially in workers' compensation insurance - Compliance with Florida Statutes and NAIC guidelines - Detailed vendor certifications and conflict of interest disclosures - Adherence to data security and state compliance standards - Fixed rate compensation with hourly limits; post-examination services may be requested for up to one year - Deliverables include examination reports and status updates - Contractor must remain available for one year post-examination for additional services on a fee-for-service basis

Description

The Department of Financial Services, Office of Insurance Regulation, is seeking qualified vendors to conduct a multi-state market conduct examination of the National Council on Compensation Insurance, Inc. This solicitation is issued as a Request for Proposals (RFP) and requires compliance with the terms and conditions stated in the RFP documents. The contract term will begin upon execution and terminate no later than June 30, 2027, with no option for renewal. The solicitation is administered through the MyFloridaMarketPlace Vendor Information Portal.

View original listing