Boards and Commissions

Tennessee Captive Insurance Company
Board of Directors

Treasurer David H. Lillard, Jr. serves as president of the Captive Insurance Company, which is administratively attached to the Tennessee Department of Treasury

Tennessee State Capitol Building

The Board of Directors oversees Tennessee’s Captive Insurance Program. The duties of the Board are found in T.C.A. § 9-8-103. The Board of Directors of the State of Tennessee Captive Insurance Company provides general oversight of Tennessee’s Captive Insurance Company.

The Captive Insurance Company was formed in June 2022. The main purpose for creating the Captive Insurance Company was to avoid using traditional commercial insurance companies, which have been extremely volatile in pricing over the past years. Through the Captive Insurance Company, the State expects to reduce its overall costs, have the ability to insure difficult risks, and have direct access to reinsurance markets, which will increase the likelihood of savings in premiums and other costs associated with the purchase of insurance from the traditional insurance market.

The Company only insures the State of Tennessee’s potential losses, exposures and risks of the executive, legislative and judicial branches of the Tennessee state government including, but not limited to, Tennessee public institutions of higher education. Initially, the Captive Insurance Company will provide the cyber liability and all-risk property coverages. All other lines of coverage, such as fine arts, crime, etc., will continue to be purchased using traditional commercial insurance companies.

Board Meetings and Materials

Upcoming Meetings

Past Meetings

The Collateral Pool Board will meet on November 30, 2023, at 1:00 p.m. (Central Time). The meeting will be held virtually.  At the meeting, the Board will consider the items on the attached agenda.

Watch Meeting

 

Documents to download

The Collateral Pool Board will meet at 1:00 p.m. (Central Time) on Wednesday, June 7, 2023. This will be a virtual meeting that will take place via TEAMS application. This meeting will include members of the Collateral Pool Board who will be participating by electronic means of communication.

Documents to download

Collateral Pool Board

Meeting Date and Time
Friday, October 2, 2020 at 2:30 P.M. CT

In the interest of public safety and welfare, this meeting will be held by electronic means only and will not occur in a physical location.

Attend this meeting via WebEx

Meeting number: 171 961 0539
Password: rvSipkBR887
OR
Join by phone:
Dial:
1-415-655-0003
Access Code: 171 961 0539
 

Documents to download

Collateral Pool Board Meeting

Meeting Date and Time
Friday, February 2, 2020 at 10:30 AM CT

Location
Tennessee State Capitol Building
Executive Conference Room
600 Martin Luther King Jr. Blvd.
Nashville, Tennessee

Documents to download

Collateral Pool Board Meeting

Meeting Date and Time
Thursday, September 7, 2017 at 3:30 PM CT

Location
Tennessee State Capitol Building
Conference Room G-11
600 Martin Luther King Jr. Blvd.
Nashville, Tennessee

Documents to download

Date and Time Location Agenda/Minutes
Board of Directors Staff Meeting
Wednesday, September 28, 2022
Approximately 1:30 p.m. (Central Time)
Tennessee Tower
Conference Room N (Third Floor)
312 Rosa Parks Blvd
Nashville, Tennessee
Board of Directors Meeting
Wednesday, June 22, 2022
Approximately 11:00 a.m. (Central Time)
Tennessee Tower
Conference Room D (Third Floor)
312 Rosa Parks Blvd
Nashville, Tennessee


Tennessee Captive Insurance Company Board Members

The Board of Directors of the State of Tennessee Captive Insurance Company is comprised of the State Treasurer who serves as President, and four (4) ex officio members.


Ex-Officio Members

Member Title/Department Location
David H. Lillard, Jr.
State Treasurer Nashville, TN
Tre Hargett
Secretary of State
Nashville, TN
Jason Mumpower Comptroller of the Treasury Nashville, TN
Jim Bryson Commissioner, Finance & Administration Nashville, TN
Juan Williams Commissioner, Department of Human Resources Nashville, TN

Contact Us

Have questions about Board of Directors of the State of Tennessee Captive Insurance Company? We're here to help!

 (615) 741-2734

Rodney.Escobar@tn.gov

Mailing Address

State of Tennessee Captive Insurance Company
Board of Directors
Andrew Jackson Building
502 Deaderick Street
Nashville, TN 37243-0202