Risk manager — Appointment — Authority

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Insurance
  5. State Insurance Department
  6. Risk Management Act
  7. Risk manager — Appointment — Authority

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  1. (a)

    1. (1) The Administrator of the Risk Management Division will be appointed by the Insurance Commissioner.

    2. (2) The risk manager shall be knowledgeable and experienced in risk management techniques.

  2. (b) The risk manager shall have the authority to:

    1. (1) Establish standardized specifications for insurance coverage of all state agencies;

    2. (2) Determine all specifications for insurance coverage of state agencies;

    3. (3) Assist and advise state agencies in the procurement of insurance coverage;

    4. (4) Establish a system for reporting insured or uninsured losses incurred by state agencies and purchases of insurance by state agencies within guidelines established by the risk manager;

    5. (5) Develop and promote programs to control losses and encourage safety; and

    6. (6) Perform any other function of risk management as directed by the commissioner.


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