(a) The State Insurance Department is authorized and directed to meet legal requirements with reference to coverage on buildings as a result of school district, education service cooperative, or open-enrollment public charter school bond obligations.
(b) The specific intent of this section is to ensure that policies issued by the Public Elementary and Secondary School Insurance Program include provisions required by existing school district bond contracts.
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