(a) The following agencies shall participate in the Arkansas Multi-Agency Insurance Trust Fund:
(1) State agencies participating in the State Master Property Policy as of June 30, 2003;
(2) The Department of Correction;
(3) The Department of Community Correction; and
(4) State agencies participating in the Arkansas State Master Vehicle Policy as of June 30, 2003.
(b) Upon approval by the State Risk Manager, other state agencies may participate in the trust fund.
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