§ 26-19-311 — Small employer carrier reinsurance account created

There is created an account in which all money received or
collected to support the small employer carrier reinsurance
program created pursuant to this act shall be credited and
continuously appropriated for the purposes of this act. All
claims, insurer reimbursements, cost of administration and other
necessary expenses incurred pursuant to this act shall be paid
from the account. All money in the account not immediately
necessary for the purposes of this act, which amount is
certified by the board to the state treasurer, shall be invested
and any interest earned shall be credited to the account.