{"data":{"id":"us-ar/ark.-code-ann.-23-76-111","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-76-111","heading":"Fiduciary responsibilities of director, officer, or partner","body":"(a) Any director, officer, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the health maintenance organization shall be responsible for the funds in a fiduciary relationship to the enrollees.\n\n(b) A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on these employees, officers, directors, and partners in an amount not less than two hundred fifty thousand dollars ($250,000) for each health maintenance organization or a maximum of five million dollars ($5,000,000) in aggregate maintained on behalf of health maintenance organizations owned by a common parent corporation, or the sum prescribed by the Insurance Commissioner.","path":["AR Code","Title 23","Chapter 76"],"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":"5c6be941cc8cdfa6a5feb53dc5ba3286723ff5607eeed5b79208e29f9ded04cc","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-76-110","next":"us-ar/ark.-code-ann.-23-76-112"},"notice":"GroundRules: Original legal text. Not legal advice."}