2020 Tennessee Code
Title 9 - Public Finances
Chapter 8 - Board of Claims
Part 2 - Educator Protection Act of 2015
§ 9-8-205. Authority of Board of Claims

Universal Citation: TN Code § 9-8-205 (2020)

Notwithstanding any law to the contrary and in addition to the board of claims' authority set forth in §9-8-108, the board of claims is authorized to:

  1. Establish the type or types of insurance and the insurance limits as excess insurance coverage necessary to carry out the purposes of this part;
  2. Purchase or procure the insurance policy or policies with the fund as the insured;
  3. Establish the effective date for which insurance coverage will be provided;
  4. Enter into contracts with financial consultants, actuaries, auditors, investment managers, individual attorneys, law firms, and other consultants and professionals as necessary to effectuate the purposes of this part;
  5. Establish the process for the administration of claims filed pursuant to this part;
  6. Recommend annually to the commissioner of finance and administration the total occurrence basis funding required to satisfy the liabilities arising under this part; and
  7. Promulgate rules that are necessary to carry out the purpose and intent of this part.
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