Arkansas Code Title 23, Subtitle 3, Chapter 61, Subchapter 6 - Risk Management Act

• § 23-61-601 - Title.
  This subchapter may be cited as the "Risk Management Act".
• § 23-61-602 - Purpose.
  (a) It is the purpose of this subchapter to reduce the cost to the state of insurance coverage, including surety bonds, by establishing the...
• § 23-61-603 - Definitions.
  As used in this subchapter, unless the context otherwise requires: (1) "Risk management" means the minimization of loss through the discovery of loss sources,...
• § 23-61-604 - Risk Management Division -- Creation.
  There is created a Risk Management Division within the State Insurance Department.
• § 23-61-605 - Risk Manager -- Appointment -- Authority.
  (a) (1) The Administrator of the Risk Management Division will be appointed by the Insurance Commissioner. (2) The risk manager shall be knowledgeable and...
• § 23-61-606 - Procurement of Insurance or Surety Bonding.
  (a) The State Procurement Director shall procure insurance or surety bonding in accordance with the Arkansas Procurement Law, § 19-11-201 et seq., unless the...
• § 23-61-607 - Rules and Regulations.
  (a) The Administrator of the Risk Management Division shall have the authority to promulgate rules and regulations consistent with this subchapter.(b) All rules and...
• § 23-61-608 - Advice and Assistance for Certain Political Subdivisions.
  (a) At the request of any municipality, county, school district, or improvement district, the risk manager may give advice and assistance on the purchase...
• § 23-61-609 - Reports by State Agencies.
  State agencies shall report to the Administrator of the Risk Management Division information that the risk manager determines to be necessary to analyze and...
• § 23-61-610 - Annual Report.
  The Administrator of the Risk Management Division shall report annually to the Governor and the Legislative Council on his or her findings and recommendations.

Last modified: November 15, 2016