Policy topic

Risk & Insurance

Provisions (5)

AL
FND.6Allowable & Unallowable Costs

Advancement and Technology Fund Allowable School Facility Uses

Alabama's Advancement and Technology Fund may support one-time expenditures for deferred maintenance, facility repair or improvement, school transportation, education technology, and insurance for public education facilities.

Alabama State Profile (2025), printed p. 28 · Program: Advancement and Technology Fund · Ala. Code § 29-9-4

AL
ADM.8Risk & Insurance

Replacement Cost Coverage Requirement for Insured Property

Property insured through Alabama's State Insurance Fund is required to be covered on a replacement-cost basis.

Alabama State Profile (2025), printed p. 30 · Program: State Insurance Fund · Ala. Code § 41-15-4(a)

AL
ADM.8Risk & Insurance

Restricted Use of State Insurance Fund Premiums

Premiums paid into Alabama's State Insurance Fund are maintained in a separate trust account and may be used only for claims, administrative expenses, and fund management.

Alabama State Profile (2025), printed p. 29–30 · Program: State Insurance Fund · Ala. Code § 41-15-10

AL
ADM.8Risk & Insurance

State Insurance Fund Property Coverage for Public Schools

The Alabama Division of Risk Management administers the State Insurance Fund, which provides property insurance coverage that includes public K-12 school buildings.

Alabama State Profile (2025), printed p. 29–30 · Program: State Insurance Fund · Ala. Code §§ 41-15-1 through 41-15-12

AL
CMP.8Facility Assessment

State Insurance Fund Property Inspection Authority

The Alabama Department of Risk Management conducts facility inspections for properties insured by the State Insurance Fund, and the Director of Finance is authorized to inspect insured property to determine adequacy of coverage and assess exposure to loss.

Alabama State Profile (2025), printed p. 33 · Ala. Code § 41-15-3

Prototype research tool. Records are normalized from NCSI state profiles and have not been verified against current statutes or regulations. This is not legal advice — consult primary legal sources for current requirements.