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Arkansas · Snapshot open-us-law v2026.08, retrieved 2026-09-17

Ark. Code Ann. § 21-2-707: Operations and recommendations

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Where this section sits in the code
  1. AR Code
  2. Title 21
  3. Chapter 2
  4. Subchapter 7

(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.

Collected 2026-09-17T21:35:43Z. Source file · JSON

Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License

Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source

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