(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Arkansas Multi-Agency Insurance Trust Fund”.
(b) The fund shall consist of all moneys received by the Administrator of the Risk Management Division of the State Insurance Department, including without limitation the premiums collected and any insured loss or loss expenses paid by insurance or reinsurance companies and interest income as provided in § 25-35-103.
(c) The fund shall be used as provided in § 25-35-103.