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 Executive Committee of the Tennessee Financial Literacy Commission will meet at 9:00 a.m. (Central Time) on Friday, January 20, 2023 in the Treasurer’s Conference Room located in the Treasurer’s Office at the Tennessee State Capitol, First Floor; 600 Dr. Martin Luther King Jr., Blvd.; Nashville, Tennessee 37243. At the meeting, the Executive Committee will consider the items listed on the attached agenda.

Documents to download

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The Executive Committee of the Tennessee Financial Literacy Commission will meet virtually at 1:30 p.m. (Central Time) on Thursday, October 13, 2022. This meeting will be conducted through WebEx. The meeting may be accessed through the following link: https://tn.webex.com/tn/j.php?MTID=m48d7429ce13e2558d44f5505311be534

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The Tennessee Financial Literacy Commission (TNFLC) Executive Committee will meet at 2:00 P.M. (Central Time) on Tuesday, December 7, 2021, via WebEx. Members of the Board of Directors are welcome to join.

Join the meeting via Webex

Meeting number: 2312 836 8175

Password: MJceUBt3u38

 

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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