§ 19-5-1106 - State Insurance Department Prepaid Trust Fund. - Arkansas Statutes

State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-11 > 19-5-1106

19-5-1106. State Insurance Department Prepaid Trust Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "State Insurance Department Prepaid Trust Fund".

(b) (1) This fund shall consist of investment income, grants, refunds, gifts, and all license fees paid into the fund pursuant to the Arkansas Prepaid Funeral Benefits Law, 23-40-101 et seq.

(2) The fund shall be used for the operations and improvements of the Division of Prepaid Funeral Benefits of the State Insurance Department, as administered by the Insurance Commissioner and the Treasurer of State as set out in 23-40-107.

(3) The fund shall also consist of the assets of the Prepaid Funeral Contracts Recovery Program Fund, there to be administered by the Insurance Commissioner and the Prepaid Funeral Contracts Recovery Program Board as set out in 23-40-125.

State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-11 > 19-5-1106

19-5-1106. State Insurance Department Prepaid Trust Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "State Insurance Department Prepaid Trust Fund".

(b) (1) This fund shall consist of investment income, grants, refunds, gifts, and all license fees paid into the fund pursuant to the Arkansas Prepaid Funeral Benefits Law, 23-40-101 et seq.

(2) The fund shall be used for the operations and improvements of the Division of Prepaid Funeral Benefits of the State Insurance Department, as administered by the Insurance Commissioner and the Treasurer of State as set out in 23-40-107.

(3) The fund shall also consist of the assets of the Prepaid Funeral Contracts Recovery Program Fund, there to be administered by the Insurance Commissioner and the Prepaid Funeral Contracts Recovery Program Board as set out in 23-40-125.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-11 > 19-5-1106

19-5-1106. State Insurance Department Prepaid Trust Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "State Insurance Department Prepaid Trust Fund".

(b) (1) This fund shall consist of investment income, grants, refunds, gifts, and all license fees paid into the fund pursuant to the Arkansas Prepaid Funeral Benefits Law, 23-40-101 et seq.

(2) The fund shall be used for the operations and improvements of the Division of Prepaid Funeral Benefits of the State Insurance Department, as administered by the Insurance Commissioner and the Treasurer of State as set out in 23-40-107.

(3) The fund shall also consist of the assets of the Prepaid Funeral Contracts Recovery Program Fund, there to be administered by the Insurance Commissioner and the Prepaid Funeral Contracts Recovery Program Board as set out in 23-40-125.