Captive Insurance Government Bids & RFPs

Payment will be made within 30 days following receipt of the invoice and approval by the department. payment will be made within 30 days following receipt of the invoice and approval by the department.

Failure to provide all appropriate information may deem the submitting vendor as nonresponsive and exclude the vendor from further consideration. failure to provide all appropriate information may deem the submitting vendor as nonresponsive and exclude the vendor from further consideration.

Payments shall be made to contractor in arrears, subject to compliance with nhcc billing payment procedures, and contingent upon contractor submitting an invoice accompanied by documentation satisfactory to nhcc supporting the amount claimed.

Proposals will be evaluated based upon two primary categories: 1. cost effectiveness and financial value 40 2. vendor expertise and quality of proposed solution 60

Respondents must demonstrate specialized expertise to manage the complex risk profile of a new york state healthcare public benefit corporation.

Proposals that are incomplete or fail to meet the specified requirements may be rejected without review.

Proposals are due August 21, 2026, at 4:00 p. m.

Payments shall be made to contractor in arrears, subject to compliance with NHCC billing payment procedures, and contingent upon contractor submitting an invoice accompanied by documentation satisfactory to NHCC supporting the amount claimed.

The committee will utilize a 100-point scoring grid, with points awarded for firm experience and qualifications (45 points), project approach and methodology (25 points), cost and fee proposal (25 points), and NYS diversity compliance (5 points).

The firm must act as an objective consultant and disclose any potential conflicts of interest. Vendors must possess and document extensive advisory and captive management experience in both onshore and offshore domiciles, specifically with Cayman Islands regulatory frameworks, and have a minimum of 10 years of experience providing similar services to healthcare systems.

If a prospective bidder is found to have knowingly and willfully violated the State Finance Law provisions, that prospective bidder and its subsidiaries, related or successor entities will be determined to be a non-responsible bidder and will not be awarded any contract issued pursuant to this RFP.

NHCC reserves the right to conduct investigations with respect to the qualifications of each proposer, to make field investigations with respect to such proposals including visits to the proposers business offices or field operations.

The deadline for questions is August 10, 2026.

Submissions that are incomplete or fail to meet the specified requirements may be rejected without review. Violations of procurement requirements can lead to disqualification.

The bid notice states that an electronic copy of the proposal must be received in PDF format via email at ***@***. *. * by 4:30 p. m. , May 29, 2026.

The bid notice states that the selection criteria employed in descending order of importance are: 1. Experience and professional qualifications relevant to the project type, 2. Past performance on projects of similar scope for public agencies or private industry, 3. Capacity to accomplish the work in the required time, and 4. Any other criteria as determined by the selection committee to be relevant or necessary.

The bid notice states that interested certified public accountants and/or certified accounting firms must have a permit to practice in the state of Hawaii. They must also be registered to do business in the state of Hawaii and be capable of providing a certificate of good standing of vendor compliance that reflects a compliant status from the Hawaii Compliance Express website at the time of award.