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NY A06860
Bill
Status
3/14/2025
Primary Sponsor
Kenneth Blankenbush
Click for details
AI Summary
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Authorizes municipal corporations to join together by resolution to establish joint insurance funds for coverage including liability, property damage, workers' compensation, and loss or theft of moneys or securities
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Allows joint funds to provide blanket bond coverage for county or municipal officers and employees for faithful performance of their duties under public officers law
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Permits coverage for bodily injury and property damage claims arising from environmental impairment liability, including legal representation, subject to superintendent approval
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Enables joint funds to offer contributory or non-contributory group health insurance and group term life insurance to employees and dependents through self-insurance, commercial insurance, reinsurance, or any combination
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Limits self-insured group term life insurance to a maximum of $5,000 per covered employee or dependent unless approved by the superintendent
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Takes effect 120 days after becoming law, with immediate authorization for necessary regulatory changes
Legislative Description
Provides that the governing body of municipal corporation, may by resolution agree to join together with any municipal corporation or corporations to establish a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation, insuring against loss or theft of moneys or securities, providing blanket bond coverage of certain county or municipal officers and employees for faithful performance and discharge of their duties under the public officers' law, insuring against bodily injury and property damage claims arising from environmental impairment liability and legal representation therefor; makes related provisions.
Last Action
referred to insurance
1/7/2026