The function, powers and duties of the division of risk management shall be as follows:

(1) To carry out the provisions of Section 41-15-1 et seq., relating to the State Insurance Fund and Section state employees or agents; duties of Finance Director; self-insurance; costs of insurance” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”36″>36-1-6.1 relating to the State Liability Insurance Fund;

Terms Used In Alabama Code 41-4-301

  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(2) To assist and advise the Finance Director on insurance and bonding matters;
(3) To provide information and recommendations to the Legislature when requested;
(4) To provide programs and/or guidelines leading to premium and financial risk reductions, to include collection and investment of premiums, rate making, and claims administration; and
(5) To make, with the approval of the Finance Director, rules and regulations necessary to implement the provisions of this article.
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