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Kansas Department of Insurance·Kansas

Market Examination Services

Closes 12/2/2025$500k – $1MRequest for Proposal
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Description

The Kansas Department of Insurance is seeking competitive bid proposals from qualified vendors to provide market examination services for all lines of life and health insurance, all lines of property and casualty insurance, and market examination services required in connection with the regulation, supervision and examination of insurance companies. The contract period is from January 1, 2026, through December 31, 2028, with the option to renew for two additional 12-month periods. Bidders must be nationally recognized market examination firms with staff possessing the required credentials and experience, including MCM or AMCM certification. The bidder shall provide a blended hourly rate for all market examination personnel. • The services include market examination for life and health insurance, property and casualty insurance, and other types of insurance. • The bidder must have experience in providing similar services to other states or firms. • The bidder must provide at least three state insurance department references regarding past market compliance review work. • The contract will be subject to Kansas law and venue.

Attached files

Contact

Lily Lundy(Procurement Officer)

[email protected]

(785) 296-0714

Key dates

Opened
10/24/2025
Questions due
11/7/2025
Closes
12/2/2025
Duration
36 months

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
5241
Solicitation №
EVT0010554

Budget estimate

$500,000 – $1,000,000

The budget for this contract can be estimated based on the hourly rates provided by the bidder. Assuming an average hourly rate of $100 and 2,000 hours of work per year, the total budget for the 36-month contract period would be approximately $720,000. However, this is a rough estimate and the actual budget may vary depending on the bidder's rates and the actual hours worked.

AI estimate from the solicitation

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