{"data":{"id":"us-ar/ark.-code-ann.-21-2-707","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 21-2-707","heading":"Operations and recommendations","body":"(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.\n\n(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.\n\n(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.\n\n(1) Premium schedules for all participating governmental entities;\n\n(2) Schedules for deductible amounts;\n\n(3) Loss histories, loss reporting, and loss payment procedures;\n\n(4) Program enrollments;\n\n(5) Annual review of funds income, balances, and expenditures;\n\n(6) Proposed invitations to bid, and retention levels, if the board determines that excess bonds or reinsurance is necessary; and\n\n(7) Other information required by the board for efficient operation of the program.","path":["AR Code","Title 21","Chapter 2","Subchapter 7"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"d89ecf646fb7765bd959a2c1d1fe90136e21a07fece247067eb82a228700588a","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-21-2-706","next":"us-ar/ark.-code-ann.-21-2-708"},"notice":"GroundRules: Original legal text. Not legal advice."}