2015 Arkansas Code
Title 6 - Education
Subtitle 2 - Elementary And Secondary Education Generally
Chapter 21 - School Property And Supplies
Subchapter 7 - School Motor Vehicle Insurance Act
§ 6-21-710 - Public School Insurance Trust Fund -- Investments.
(a) All funds received by the State Insurance Department as premiums, adjustments, earnings, and the like, as provided in this subchapter, shall be deposited into the Public School Insurance Trust Fund and used for the following purposes, listed in a descending order of priority:
(1) To defray administrative costs;
(2) To pay claims; and
(3) To maintain the Public School Insurance Trust Fund.
(b) (1) The department is authorized to invest funds of the Public School Motor Vehicle Insurance Program.
(2) Funds of the program may be invested and reinvested as the Insurance Commissioner may determine.
(3) Moneys invested and interest earned thereon shall be administered as program funds.
(4) All moneys deposited to the Public School Insurance Trust Fund shall not be subject to any deduction, tax, levy, or any other type of assessment.
Disclaimer: These codes may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
