Market Conduct Multi-State Examination

The Florida Department of Financial Services, Office of Insurance Regulation, is soliciting proposals under RFP 2627-02 OIR to engage a qualified vendor to conduct a multi-state market conduct examination of the National Council on Compensation Insurance, Inc. This examination must be performed in accordance with the National Association of Insurance Commissioners Market Regulation Handbook and relevant Florida Statutes. The project is estimated to begin no later than December 14, 2026, and conclude by November 30, 2027, although the general contract term is listed as ending June 30, 2027. The selected contractor will be responsible for preparing and maintaining work papers, which must be delivered within five working days of completing field work, and drafting examination reports as directed by the Office. The contract will be awarded to a single responsive respondent based on a 100-point scoring system, with 90 points allocated to the technical response—focusing on experience, ability, and proposed approach—and 10 points allocated to the cost proposal. Vendors must submit their responses digitally by October 19, 2026, including mandatory certifications regarding E-Verify compliance, drug-free workplaces, and restrictions on scrutinized companies. Key requirements include adherence to NIST cybersecurity frameworks and the provision of qualified personnel with demonstrated expertise in insurance market regulation. Payment is contingent upon annual legislative appropriation and the written acceptance of deliverables by the Contract Manager within 15 calendar days of receipt.