The purpose of this RFP is to solicit responses from individuals or Vendors interested in participating on a project to study the availability and affordability of property and liability insurance for housing providers receiving housing trust fund resources under RCW 43.185A.130 and serving extremely low-income households under RCW 36.70A.030 as directed in Substitute House Bill 2329, 68th Legislature, 2024 Regular Session (SHB 2329 (2024)).

The purpose behind this study is to identify the specific factors impacting the availability and affordability of insurance for these housing providers and provide policy recommendations. The Contractor will complete their study and submit their final report to OIC no later than November 7, 2024.

Contractor selected will be required to:

• Collect and analyze at least 5 years of data on the number and types of policies in effect, whether and why policies were canceled, claims activity, and premiums and deductibles.
• Make recommendations on potential policy and budget options.
• Submit a draft report by October 7, 2024.
• Attend (virtually) legislative hearings or workgroups in the 2024-2025 legislative session.

Minimum qualifications include:

• Demonstrate knowledge of, and prior experience in, the areas of work for which the proposal is being submitted. Vendor must have previously held three (3) years of responsibilities substantially the same as, or very similar to, the Scope of Work in Section 1.2 of this RFP.
• Contractor must be or employ actuaries who are members of the American Academy of Actuaries and Society of Actuaries and meet the qualification standard to complete the scope of work stated in this RFP.
  • Credentialed actuaries shall perform or be responsible for all actuarial services under the Contract. Actuarial work must be supervised by an individual who is a member of the American Academy of Actuaries.

Find the full solicitation on Washington’s Electronic Business Solution (WEBS), and on the Office of Insurance Commissioner Contracting Opportunities Page.

All updates and amendments will be posted in WEBS and on OIC’s website. Vendors not registered in WEBS will not receive emailed notices of updates or amendments to the solicitation and must retrieve them from OIC’s website.

Commodity codes:

918-04             Accounting/Auditing/Budget Consulting

918-27             Community Development Consulting

918-32             Consulting Services (Not Otherwise Classified)

918-37             Economy Consulting

918-49             Finance/Economics Consulting

918-63             Housing Consulting

918-65             Human Relations Consulting

918-67             Human Services Consulting (To Include Mental Health Consulting Services)

918-69             Insurance Consulting

953-41             Fidelity and Surety

953-52             Insurance and Insurance Services (Not otherwise classified)

958-61             Insurance and Risk Management Services

953-56             Liability, General

953-77             Property and Casualty

946-11             Accounting Services (Not Otherwise Classified)