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Arkansas Code Title 6. Education § 6-21-705. Powers and duties of Insurance Commissioner

Current as of March 28, 2024 | Updated by Findlaw Staff

It shall be the power and duty of the Insurance Commissioner to:

(1)(A) Establish in the State Insurance Department a program of insurance to cover motor vehicles owned by public school districts, education service cooperatives, and open-enrollment public charter schools.

(B) The program shall be in accordance with recognized and established insurance practices;

(2) Establish and, from time to time, modify the premium rates to be charged for various risks;

(3) Specify the form for insurance policies and other forms required for the purposes of this subchapter;

(4) Employ or contract for necessary officials, adjusters, appraisers, attorneys, and other personnel required in the administration of this subchapter;

(5) Engage in a loss control program to assist the public schools in improving and minimizing potential loss of life and property; and

(6) Perform all additional powers and duties necessary to maintain sound insurance underwriting practices recognized by good risk management.

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Cite this article: FindLaw.com - Arkansas Code Title 6. Education § 6-21-705. Powers and duties of Insurance Commissioner - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-6-education/ar-code-sect-6-21-705/

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