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

Event date: 12/9/2024 2:00 PM Export event
Amanda Gargus
/ Categories: Boards and Commissions, 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 9, 2024.

Meeting Date and Time
Monday, December 9, 2024 at 2:00 p.m. CT
(Immediately following the Board of Claims meeting that will begin at 1:00 p.m. (Central Time)
and which is anticipated to end at approximately 2:00 p.m.)

Location
Tennessee State Capitol
Executive Conference Room, Ground Floor
600 Martin Luther King Jr. Boulevard
Nashville, Tennessee 37243

The Board will review the following:

  • Minutes of October 9, 2024 Board Meeting
  • Audit Report for Captive
  • Opportunity for Public Comment on Audit Report
  • SAS Captive Report and Opinion for Captive
  • Opportunity for Public Comment on Captive Report and Opinion for Captive
  • Regulatory Compliance Information
  • Other Business
  • Opportunity for Public Comment on Other Business

To make a public comment at the meeting or to submit a written public comment for the meeting, you must register as a “speaker” by submitting a written notification by email through Treasury.PublicComments@tn.gov at least three (3) business days in advance of the meeting of the State of Tennessee Captive Insurance Company Board of Directors.  The written notification must include your name, the agenda item(s) upon which you wish to comment, whether you are in favor of or opposed to the agenda item(s), and a brief summary of the issue to be addressed.  You are only allowed to make public comment germane to the agenda items.  Registered speakers for a specific agenda topic will be selected on a first-come, first-served basis based on the time of registration.  The instructions and formal guidelines for making a public comment are attached to this Notice.

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