§ 6-20-1512 - Disposition of funds.
6-20-1512. Disposition of funds.
All funds received by the State Insurance Department as premiums, adjustments, earnings, and the like, as provided in this subchapter, shall be deposited into the Public School Insurance Trust Fund and used for the following purposes, listed in a descending order of priority:
(1) To defray administrative costs;
(2) To pay claims; and
(3) To maintain the Public School Insurance Trust Fund.