Department of Housing and Community Development (Maryland) posted this RFP on Oct 8, 2026. Responses are due Nov 17, 2026. Category: Insurance & Bonding. Questions are due 2026-10-20 14:00. Solicitation number BPM059226.
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This Request for Proposals (RFP) is issued to procure the goods or services, as specified in this Section 2, from a contract between the selected offeror(s) and the State of Maryland ("State"). The Consultant will provide a comprehensive, data-driven analysis and recommendation regarding whether to proceed with captive formation, and if so, under what structure and conditions.
The purpose of this solicitation is to procure a qualified third-party insurance consultant firms to provide a feasibility study for a Deductible Buy-Back Captive Insurance Program for Affordable Multifamily Housing Projects.
The Maryland Department of Housing & Community Development (DHCD) is seeking a consultant to evaluate the feasibility of establishing a deductible buy-back captive insurance program to serve affordable multifamily housing projects.
The feasibility study must:
1. Evaluate the economic viability of a deductible buy-back captive structure for affordable multifamily housing portfolios;
2. Analyze historical loss experience and deductible layer exposures;
3. Model projected financial performance under multiple loss and market scenarios;
4. Assess capitalization requirements and return expectations;
5. Evaluate legal, regulatory, and domicile options
6. Recommend optimal captive structure, governance, and operational framework;
7. Identify risks, constraints, and implementation considerations; and
8. Recommend the form and level of state support for the captive.
The study will also assess options for state financial support, including seed loans, risk share, grants, capacity building, technical assistance, credit enhancement, and other forms of support.
Deliverables
1. Data Validation Memorandum.
2. Actuarial Analysis Report.
3. Financial Pro Forma Model (Excel-based).
4. Domicile and Structure Recommendation Memorandum.
5. Governance Framework Outline.
6. Market and Stakeholder Assessment.
7. Risk Assessment and Implementation Roadmap.
8. Final Feasibility Report (comprehensive document integrating all findings).
9. Executive Presentation (slide deck and talking points).
Submit on emma.maryland.gov under Solicitation Number BPM059226
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A Contract will be awarded in accordance with the Competitive Sealed Proposals method under COMAR 21.05.03. Multiple or alternate Proposals will not be accepted.
Contract Type: Firm Fixed Price. Contract Duration: Six-month base period. Services may be performed remotely.
This is a single award. A contract will be issued to the responsible Respondent with the most advantageous offer, taking into consideration technical merit and any Preferred Qualifications.
The Respondent shall include with this response, an *Experience Affidavit*.
Amendment #1 changed the Proposal Due (Closing) Date and Time to **November 17, 2026 at 2:00 PM Local Time**.
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Deductible Buyback Captive - Feasibility Study - Department of Housing and Community Development, Maryland
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