(1) In order to perform the powers and duties set forth in this part 15, the executive director shall exercise the following powers: (a) Supervise the development and administration of the following risk management programs: (I) A comprehensive risk management program; (II) A program identifying property and liability losses, insurance costs, and administrative costs of risk management incurred by each state agency; (III) A program to reduce property and liability losses incurred by each state agency; (IV) A program of inspection of state property; (V) The pilot program described in section 24-30-1504 (1)(l) and the statewide database and uniform tracking system described in section 24-30-1504 (1)(m) for the purpose of tracking employment claims brought against state agencies and the losses incurred as a result of such claims, except as excluded pursuant to sections 24-30-1502 (5)(b) and 24-30-1517 (2). In developing and administering such programs, the executive director may: (A) Adopt rules that define relevant terms including, but not limited to, "claims" and "losses"; and (B) Require state agencies, including institutions of higher education, to submit such information as is necessary to implement the programs. (b) Manage the investigation and adjustment of claims brought against the state; (c) Manage the legal defense of claims brought against the state; (d) Supervise any parties who have contracted with the state to provide claims investigation, claims adjustment, support services, or legal services pursuant to this part 15; (e) Identify and evaluate the exposure of state agencies to claims for property and liability losses; (f) Repealed. (g) Assist state agencies to develop and use proper insurance and indemnity clauses in state contracts; (h) Manage the investigation and adjustment of claims for loss or damage to state property; (i) Investigate and direct or deny payment of liability claims arising prior to September 15, 1985, for which no commercial liability insurance exists; (j) Manage the workers' compensation self-insurance program for state employees or the procurement of commercial workers' compensation insurance therefor. (2) The executive director shall determine the need, if any, for procuring commercial insurance to protect the state against liability and the specifications for such insurance. The acquisition of any insurance shall be pursuant to the state "Procurement Code", articles 101 to 112 of this title 24. In the event that no responsible responses to an invitation for bids are received, the executive director may negotiate with any agent, broker, or insurance company to secure the required coverage or necessary coverage. Such negotiated policy or policies shall be subject to the approval of the board.
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