2019 Arkansas Code
Title 21 - Public Officers and Employees
Chapter 2 - Commission, Oath, and Bond
Subchapter 7 - Self-Insured Fidelity Bond Program
§ 21-2-707. Operations and Recommendations

Universal Citation:
AR Code § 21-2-707 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
  • (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.

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