Current through Register Vol. XLI, No. 50, December 13, 2024
Section 115-2-6 - Rates and Coverages6.1. The board shall determine and establish rates, rate programs, deductibles, and coverages as needed. 6.2. An entity may procure liability insurance through the public entities insurance program without also procuring property insurance. However, property insurance may only be procured if the entity also procures liability insurance through the public entities insurance program. 6.3. The board's administrative costs associated with operation of the public entities insurance program will be included in the actuarial model for determination of premium due from insured entities.