6-21-710. Public School Insurance Trust Fund — Investments.

Arkansas Code — all titles (historical 2020) · legal_authorities

6-21-710. Public School Insurance Trust Fund — Investments.

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 into the Public School Insurance Trust Fund shall not be subject to any deduction, tax, levy, or any other type of assessment.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-21-710

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.