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.
Tenn. Code Ann. § 12-4-1004
Insurance on public buildings — Amount required — Deductibles
Acts 1971, ch. 425, § 1; T.C.A., § 12-342; Acts 1980, ch. 464, § 1; T.C.A. § 12-3-504; Acts 2013, ch. 403, § 82; T.C.A. § 12-3-904.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.