(a) The State Insurance Department is authorized to invest funds of the Public Elementary and Secondary School Insurance Program.
(b) Funds of the program may be invested and reinvested as the Insurance Commissioner may determine.
(c) Moneys invested and interest earned thereon shall be administered as program funds.
(d) Moneys deposited to the program shall not be subject to any deduction, tax, levy, or any other type of assessment.
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