Any person applying for self-insurance shall possess and continue to possess liquid assets amounting to no less than:

1. (1) Sixty-five thousand dollars ($65,000) if such self-insurance is to cover both property damage and bodily injury;
2. (2) Fifty thousand dollars ($50,000) if such self-insurance is for bodily injury only; or
3. (3) Fifteen thousand dollars ($15,000) if such self-insurance is to cover property damage only.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "1-27-19-107 LIQUID ASSETS REQUIREMENTS"