Operations and recommendations

  1. Law
  2. Arkansas Code
  3. Public Officers and Employees
  4. Commission, Oath, And Bond
  5. Self-Insured Fidelity Bond Program
  6. Operations and recommendations

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  1. (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.

  2. (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. (1) Premium schedules for all participating governmental entities;

    2. (2) Schedules for deductible amounts;

    3. (3) Loss histories, loss reporting, and loss payment procedures;

    4. (4) Program enrollments;

    5. (5) Annual review of funds income, balances, and expenditures;

    6. (6) Proposed invitations to bid, and retention levels, if the board determines that excess bonds or reinsurance is necessary; and

    7. (7) Other information required by the board for efficient operation of the program.


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