21-2-707. Operations and recommendations.

Arkansas Code — all titles (historical 2020) · legal_authorities

21-2-707. Operations and recommendations.

21-2-707. Operations and recommendations. (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.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-2-707

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.