Ark. Code Ann. § 21-2-707
This is the official text of Ark. Code Ann. § 21-2-707, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Official statutory 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 operation of the program. Acts 1987, No. 728, § 10.
(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.
(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.
Acts 1987, No. 728, § 10.
(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.
(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.
Acts 1987, No. 728, § 10.
Status: in_force
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