Section 41-4-300 – Division Created.

Section 41-4-300 Division created. There shall be created within the Department of Finance the division of risk management. (Acts 1990, No. 90-672, p. 1300, §1.)

Section 41-4-301 – Function, Powers and Duties.

Section 41-4-301 Function, powers and duties. The function, powers and duties of the division of risk management shall be as follows: (1) To carry out the provisions of Section 41-15-1 et seq., relating to the State Insurance Fund and Section 36-1-6.1 relating to the State Liability Insurance Fund; (2) To assist and advise the Finance […]

Section 41-4-302 – Administration of Insurance Programs; Coverage Under State Blanket Bond.

Section 41-4-302 Administration of insurance programs; coverage under state blanket bond. (a) The Division of Risk Management shall have the authority to institute, manage, and administer programs of insurance, not specifically enumerated herein and which do not conflict with existing laws, upon a determination by the Director of Finance and the Governor that such insurance […]

Section 41-4-303 – Applicability of Article; Coverage of Risk Management Program.

Section 41-4-303 Applicability of article; coverage of risk management program. The provisions of this article shall not apply to: universities and colleges; the state docks; or county and city boards of education, except as is already required by Section 41-15-1 et seq., relating to the State Insurance Fund. Provided however that universities and colleges may […]

Section 41-4-304 – Commingling of Funds Proscribed.

Section 41-4-304 Commingling of funds proscribed. There shall be no commingling of funds between various self-insured programs. (Acts 1990, No. 90-672, p. 1300, §4.)

Section 41-4-305 – Risk Manager; Appointment; Compensation.

Section 41-4-305 Risk manager; appointment; compensation. The division of risk management shall be headed by and under the supervision, direction and control of an officer who shall be designated “risk manager.” The risk manager shall be appointed and compensated, subject to the provisions of the state Merit System, by the Director of Finance, with the […]

Section 41-4-306 – Additional Employees.

Section 41-4-306 Additional employees. The Director of Finance may employ and compensate such additional employees as may be needed, in accordance with the Merit System. (Acts 1990, No. 90-672, p. 1300, §6.)