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) To defray administrative costs;
(2) To pay claims; and
(3) To maintain the Public School Insurance Trust Fund.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 15 - Public Elementary and Secondary School Insurance Act
§ 6-20-1502. Establishment of insurance system
§ 6-20-1505. Information to be furnished
§ 6-20-1506. Finding of uninsurability — Effect
§ 6-20-1507. Premium rate and payment
§ 6-20-1508. Appraisal and payment of losses
§ 6-20-1509. Effect of federal assistance
§ 6-20-1511. Permanent Insurance Reserve Fund