Amends TCA Title 8, Chapter 19.

Present law requires county governments to either: (1) Obtain and maintain blanket surety bond coverage for all county employees not covered by individual bonds; or (2) Obtain and pay the premiums or other costs with respect to a policy of insurance that provides government crime coverage, employee dishonesty insurance coverage, or equivalent coverage that insures the lawful performance by officials and their employees of their fiduciary duties and responsibilities. Present law sets out in detail the requirements and coverage of such insurance. This bill adds that a county that has elected to self-insure its liability under the Tennessee Governmental Tort Liability Act may elect, by resolution of its governing body, to self-insure its risk of loss instead of obtaining the above-described bonds or insurance, under the same terms as bonds or insurance under present law. A county making an election under this bill must shall file a copy of the resolution in the office of the register of deeds. ON MARCH 22, 2021, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 1097, AS AMENDED. AMENDMENT #1 requires that the resolution be adopted by 2/3 vote of the governing body.