Section 41-4-301 Function, Powers and Duties.

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.