(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.Acts 1973, No. 380, § 15; A.S.A. 1947, § 80-3523; Acts 2003 (2nd Ex. Sess.), No. 78, § 13.
Arkansas Legal Code