Public School Insurance Trust Fund — Investments

  1. Law
  2. Arkansas Code
  3. Education
  4. Elementary and Secondary Education Generally
  5. School Property and Supplies
  6. School Motor Vehicle Insurance Act
  7. Public School Insurance Trust Fund — Investments

Checkout our iOS App for a better way to browser and research.

  1. (a) All funds received by the State Insurance Department as premiums, adjustments, earnings, and the like, as provided in this subchapter, shall be deposited into the Public School Insurance Trust Fund and used for the following purposes, listed in a descending order of priority:

    1. (1) To defray administrative costs;

    2. (2) To pay claims; and

    3. (3) To maintain the Public School Insurance Trust Fund.

  2. (b)

    1. (1) The department is authorized to invest funds of the Public School Motor Vehicle Insurance Program.

    2. (2) Funds of the program may be invested and reinvested as the Insurance Commissioner may determine.

    3. (3) Moneys invested and interest earned thereon shall be administered as program funds.

    4. (4) All moneys deposited into the Public School Insurance Trust Fund shall not be subject to any deduction, tax, levy, or any other type of assessment.


Download our app to see the most-to-date content.