§ 25-35-101. Title
This chapter may be cited as the “Arkansas Multi-Agency Insurance Trust Fund Act”.
§ 25-35-102. Definitions
For the purposes of this chapter: (1) “Annual aggregate deductible” means the maximum amount payable annually from the Arkansas Multi-Agency Insurance Trust Fund for covered losses; (2) “Insurance Commissioner” means the Insurance Commissioner of the State Insurance Department or the commissioner’s successor; (3) “Risk manager” means the Administrator of the Risk Management Division of the […]
§ 25-35-103. Arkansas Multi-Agency Insurance Trust Fund
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State, a separate fund to be known as the “Arkansas Multi-Agency Insurance Trust Fund”. (b) No money shall be appropriated from the trust fund for any purpose except to pay: (1) Insurance […]
§ 25-35-104. Participation
(a) The following agencies shall participate in the Arkansas Multi-Agency Insurance Trust Fund: (1) State agencies participating in the State Master Property Policy as of June 30, 2003; (2) The Division of Correction; (3) The Division of Community Correction; and (4) State agencies participating in the Arkansas State Master Vehicle Policy as of June 30, […]
§ 25-35-105. Administration
(a) The Arkansas Multi-Agency Insurance Trust Fund shall be administered by the Insurance Commissioner. (b) At the discretion of the commissioner, the risk manager may: (1) Enter into contracts; (2) Purchase insurance and reinsurance in accordance with the Arkansas Procurement Law, § 19-11-201 et seq.; (3) Adjust, settle, and pay or deny claims with notice […]
§ 25-35-106. Premiums and schedules of coverage and endorsements
(a) (1) Premiums shall be charged to each agency based on the rates established by the risk manager that include all costs associated with the operation of the Arkansas Multi-Agency Insurance Trust Fund, based upon sound rating techniques. (2) The risk manager shall provide premium billings to participating state agencies for each renewal and for […]
§ 25-35-107. Payment of losses
The risk manager shall establish: (1) Appropriate policies and procedures governing the payment of losses from the Arkansas Multi-Agency Insurance Trust Fund, including notice or proof of loss by any participating state agency; and (2) Policies and procedures governing disputes that may arise between the risk manager and any person having charge over the property […]
§ 25-35-108. Limits on use of risk management data as evidence
Notwithstanding any other provision of law, any report, recommendation, survey, schedule, list, or data compiled, or action taken or not taken by or at the request of the risk manager to identify, evaluate, or plan the safety enhancement or risk reduction of any potential accident sites or other hazards related to any entity covered by […]