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

Meeting Date and Time
Wednesday, October 8, 2025, immediately following the Board of Claims meeting that will begin at 9:00 a.m. (CT) and which is anticipated to end at approximately 10:00 a.m. (CT)

Location
William R. Snodgrass Tennessee Tower
Knoxville Room, Third Floor
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Documents to download

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Past Meetings

Event date: 12/12/2023 3:00 PM Export event
Cassidy Denton
/ Categories: Tennessee State Captive Insurance Company

Tennessee Captive Insurance Company Board of Directors Meeting

The Board of Directors of the State of Tennessee Captive Insurance Company will meet on December 12, 2023.

The Board of Directors of the State of Tennessee Captive Insurance Company will meet on December 12, 2023, immediately following the Board of Claims meeting that will begin at 2:00 p.m. (Central Time) and which is anticipated to end at approximately 3:00 p.m. (Central Time). The meeting will be held in the Executive Conference Room on the Ground Floor of the State Capitol located at 600 Dr. M.L.K. Jr Blvd, Nashville, Tennessee 37243. The Board will review the following:

  • Minutes of October 12, 2023 Board Meeting
  • Audit Report for Captive
  • SAS Captive Report and Opinion for Captive
  • Opportunity for Public Comment
  • Other Business

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Rodney Escobar, Director of Claims and Risk Management, no less than two (2) days prior to the scheduled meeting date to allow time for the Treasury Department to arrange for an accommodation.  You may contact the Board of the State of Tennessee Captive Insurance Company at 502 Deaderick Street, Nashville, Tennessee 37243, (615) 741-2734, or Rodney Escobar by email at Rodney.Escobar@tn.gov.

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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