Alabama § 41-4-301 Function, Powers and Duties

Alabama Statutes

§ 41-4-301 — Function, Powers and Duties

Alabama·Title 41 State Government·Ch. 4 Department of Finance·Art. 12 Division of Risk Management

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 36-1-6.1 relating to the State Liability Insurance Fund;

(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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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 36-1-6.1 relating to the State Liability Insurance Fund;
(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.

Alabama § 41-4-301 (Function, Powers and Duties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.