(a) There is created a state insurance committee to be composed of the commissioner of human resources; the state treasurer; the commissioner of commerce and insurance; the comptroller of the treasury; the commissioner of finance and administration; the chair of the senate finance, ways and means committee; the chair of the committee of the house of representatives having jurisdiction over finance matters; and four (4) state employees. For purposes of this part, “state insurance committee” means the state insurance committee created by this subsection (a).
(b) (1) Three (3) state employees must be selected in accordance with a procedure adopted by the state insurance committee, at least one (1) one whom is a preferred service employee. The chair of the state insurance committee and the chair of the consolidated retirement system board of trustees may develop a procedure to coordinate the process for selection of state employee members to each entity.(2) One (1) state employee must be an employee of either the University of Tennessee or the state university and community college system selected under a procedure developed by the Tennessee higher education commission and approved by the state insurance committee.(3) Vacancies of state employee member positions must be filled by the selection procedures established by subdivisions (b)(1) and (2).
(1) Three (3) state employees must be selected in accordance with a procedure adopted by the state insurance committee, at least one (1) one whom is a preferred service employee. The chair of the state insurance committee and the chair of the consolidated retirement system board of trustees may develop a procedure to coordinate the process for selection of state employee members to each entity.
(2) One (1) state employee must be an employee of either the University of Tennessee or the state university and community college system selected under a procedure developed by the Tennessee higher education commission and approved by the state insurance committee.
(3) Vacancies of state employee member positions must be filled by the selection procedures established by subdivisions (b)(1) and (2).
(c) The commissioner of human resources, the state treasurer, the commissioner of commerce and insurance, the comptroller of the treasury, and the commissioner of finance and administration are authorized to designate an alternate representative to attend, participate, and vote at meetings of the state insurance committee when that respective member is unable to attend. The designation shall be made in writing to the chair of the state insurance committee.