All buildings and building contents owned by the state shall be insured for not less than their actual cash value subject to an aggregate deductible of not less than one million five hundred thousand dollars ($1,500,000) and to such individual claim deductible as may be commercially reasonable.
Structure 2021 Tennessee Code
Title 12 - Public Property, Printing and Contracts
Part 10 - Insurance Purchasing Program
§ 12-4-1001. Alternative Methods for Purchasing Insurance
§ 12-4-1002. Establishment of Practices and Procedures for Purchasing Insurance
§ 12-4-1003. State Employees and Agents — Insurance Sales to State Prohibited
§ 12-4-1004. Insurance on Public Buildings — Amount Required — Deductibles
§ 12-4-1005. Insurance on Public Buildings — Repair or Replacement Costs
§ 12-4-1006. Establishment of Policies and Procedures for Administration of Insurance Program