Arkansas § 21-2-707 Operations and recommendations

Arkansas Statutes

§ 21-2-707 — Operations and recommendations

Arkansas § 21-2-707

Title21

This text of Arkansas § 21-2-707 (Operations and recommendations) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 21-2-707 (2026).

Text

(a)The Insurance Commissioner, at the direction of the Governmental Bonding Board, shall receive and disburse funds necessary for the establishment and operation of the Self-Insured Fidelity Bond Program.

(b)The State Risk Manager shall assist in the operations of the program and shall submit to the board recommendations for the establishment of:

(1)Premium schedules for all participating governmental entities;

(2)Schedules for deductible amounts;

(3)Loss histories, loss reporting, and loss payment procedures;

(4)Program enrollments;

(5)Annual review of funds income, balances, and expenditures;

(6)Proposed invitations to bid, and retention levels, if the board determines that excess bonds or reinsurance is necessary; and (7) Other information required by the board for efficient ope

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(a) The Insurance Commissioner, at the direction of the Governmental Bonding Board, shall receive and disburse funds necessary for the establishment and operation of the Self-Insured Fidelity Bond Program. (b) The State Risk Manager shall assist in the operations of the program and shall submit to the board recommendations for the establishment of: (1) Premium schedules for all participating governmental entities; (2) Schedules for deductible amounts; (3) Loss histories, loss reporting, and loss payment procedures; (4) Program enrollments; (5) Annual review of funds income, balances, and expenditures; (6) Proposed invitations to bid, and retention levels, if the board determines that excess bonds or reinsurance is necessary; and (7) Other information required by the board for efficient operation of the program.