§ 21-2-706. Administration
It shall be the responsibility of the Governmental Bonding Board to develop and administer the Self-Insured Fidelity Bond Program for state officers and employees, state public officials and public employees, and county, municipal, and school district public officials and public employees.
§ 21-2-106. Endorsement of oath on commission
(a) It shall be the duty of every officer administering the oath of office to any officer of this state to endorse the oath on the commission of the officer. (b) However, if the officer is serving in or with the United States Armed Forces at the time his or her oath is taken and […]
§ 21-2-707. Operations and recommendations
(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 […]
§ 21-2-107. Bonds of state, county, and district officers generally
(a) The official bonds of all state, county, and district officers required by law to furnish official bonds shall be executed by those officials as principal and shall be executed by some surety company authorized to do business in Arkansas as surety. (b) (1) The official bonds of all state officers covered by subsection (a) […]
§ 21-2-708. Notice and proof of losses — Investigations — Restitution
(a) The Legislative Auditor, with the approval of the Legislative Joint Auditing Committee, shall give notice and make proof of loss to the Governmental Bonding Board under the Self-Insured Fidelity Bond Program on behalf of a public official, officer, or employee when the audit of the records of the public official, officer, or employee reflects […]
§ 21-2-108. Duration of bond
All official bonds shall be executed for a definite period not to exceed two (2) years.
§ 21-2-709. Determination of coverage — Assignment of rights
(a) (1) (A) Upon the receipt of the proof of loss from the Legislative Auditor, the Governmental Bonding Board shall determine whether the loss is covered under the Self-Insured Fidelity Bond Program. (B) The board may withhold claim determination and a loss payment until the investigation in each case has been completed and all information […]
§ 21-2-109. Payment of premium on bonds
If state, county, or city officials, including officials of incorporated towns, required to give bond for the faithful performance of their duties and the paying over of funds which may come into their hands shall elect to make a corporate surety bond in a guaranty or bonding company authorized to do business within the state, […]
§ 21-2-110. Liability of surety generally
The surety on an official’s bond shall be liable for losses or other liabilities covered by the bond which occur within the term to which the bond applies, regardless of when the loss or liability is discovered.
§ 21-2-111. Discharge of sureties on official bonds
(a) (1) Any person bound as surety in any bond given by an officer for the faithful performance of the duties of his or her office, whether the office is held under an election or an appointment by the laws of the state or by any ordinance or resolution of any municipal corporation in this […]