Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of March 28, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Arkansas Code Title 21. Public Officers and Employees § 21-2-707. Establishment, operation, etc., of program - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-21-public-officers-and-employees/ar-code-sect-21-2-707/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)