Tennessee Code 12-4-1004 – Insurance on public buildings – Amount required – Deductibles
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Terms Used In Tennessee Code 12-4-1004
- 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 Tennessee Code 1-3-105
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.