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46 chapters · 741 sections in this title.
Ark. Code Ann. § 25-45-101 Title
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This chapter shall be known and may be cited as the “State Captive Insurance Program Act”.
Ark. Code Ann. § 25-45-102 Definitions
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(1) As used in this chapter:(1) “Cost-containment measure” means a process or practice of controlling and managing expenses of the State Captive Insurance Program established under § 25-45-103 by reducing or limiting the amount of spending required to administer the program and r…
Ark. Code Ann. § 25-45-103 State Captive Insurance Program — Creation — Mandatory participation
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(a) There is established the State Captive Insurance Program. (b) The program shall be a system of insurance provided by a captive insurance company established under § 19-3-506 for public schools and state-owned properties. (c) If a public school or state agency with state-owned…
Ark. Code Ann. § 25-45-104 Department of Shared Administrative Services — Powers and duties regarding insurance for insured entities
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(a) Upon the State Board of Finance's approval of the formation of the captive insurance company described under § 19-3-506, the Secretary of the Department of Shared Administrative Services shall:(1) Provide administrative support and employ staff to implement, administer, and o…