Insurance on public buildings - Amount required - Deductibles

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. Added by 2013 Tenn. Acts, ch. 403,s 82, eff. 7/1/2013. 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. Added by 2013 Tenn. Acts, ch. 403,s 82, eff. 7/1/2013.