Arkansas § 6-21-705 Powers and duties of Insurance Commissioner

Arkansas Statutes

§ 6-21-705 — Powers and duties of Insurance Commissioner

Arkansas § 6-21-705

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This text of Arkansas § 6-21-705 (Powers and duties of Insurance Commissioner) 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. § 6-21-705 (2026).

Text

It shall be the power and duty of the Insurance Commissioner to:

(1)(A) Establish in the State Insurance Department a program of insurance to cover motor vehicles owned by public school districts, education service cooperatives, and open-enrollment public charter schools.

(B)The program shall be in accordance with recognized and established insurance practices;

(2)Establish and, from time to time, modify the premium rates to be charged for various risks;

(3)Specify the form for insurance policies and other forms required for the purposes of this subchapter;

(4)Employ or contract for necessary officials, adjusters, appraisers, attorneys, and other personnel required in the administration of this subchapter;

(5)Engage in a loss control program to assist the public schools in improving

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It shall be the power and duty of the Insurance Commissioner to: (1) (A) Establish in the State Insurance Department a program of insurance to cover motor vehicles owned by public school districts, education service cooperatives, and open-enrollment public charter schools. (B) The program shall be in accordance with recognized and established insurance practices; (2) Establish and, from time to time, modify the premium rates to be charged for various risks; (3) Specify the form for insurance policies and other forms required for the purposes of this subchapter; (4) Employ or contract for necessary officials, adjusters, appraisers, attorneys, and other personnel required in the administration of this subchapter; (5) Engage in a loss control program to assist the public schools in improving and minimizing potential loss of life and property; and (6) Perform all additional powers and duties necessary to maintain sound insurance underwriting practices recognized by good risk management.