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South Dakota State Government·South Dakota

Market Conduct Examinations Services

Closes 9/1/2026$200k – $800kRequest for Proposal
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Description

The South Dakota Division of Insurance seeks a qualified contractor to perform comprehensive market‑conduct examinations—both on‑site and off‑site—of insurance companies. The contractor will provide examiners, manage planning, conduct investigations, issue reports, and handle invoicing, all in accordance with NAIC standards and state confidentiality requirements. The work is scheduled to begin within 30 days of contract award and continue for an initial two‑year period, with potential renewals. • Provide qualified examiners and an Examiner‑in‑Charge for each assignment. • Conduct full‑scale market‑conduct examinations, issue RFIs, and prepare draft and final reports (final report under oath within 60 days of each exam). • Deliver monthly invoices, progress reports, and maintain required insurance and certification compliance.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Tony Dorschner

[email protected]

(605) 773-3563

Key dates

Opened
7/1/2026
Questions due
7/1/2026
Closes
9/1/2026
Projected award
11/2/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
26RFP19858

Budget estimate

$200,000 – $800,000

The solicitation does not disclose a ceiling, but market‑conduct examinations are high‑skill, time‑and‑material services. Assuming an average daily rate of $1,200‑$2,500 for senior examiners and related staff, and estimating 150‑200 workdays per year, the contract could generate roughly $180,000‑$500,000 annually. Over the two‑year base period, this yields an estimated total budget between $200,000 and $800,000, accounting for travel, overhead, and potential renewals.

AI estimate from the solicitation

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