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NY A09646
Bill
Status
1/21/2026
Primary Sponsor
Andrew Hevesi
Click for details
AI Summary
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Requires all insurers licensed for commercial risk insurance in New York to participate in assigned risk plans for voluntary foster care agencies, providing general liability, professional liability, and sexual abuse/molestation coverage
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Directs the Office of Children and Family Services to establish new standards of payment for liability insurance costs beginning July 1, 2027 for the 2027-2028 rate year, separating liability insurance from other administrative costs and reflecting full year-over-year cost increases
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Creates the Voluntary Foster Care Agency Insurance Bridge Fund to offset increased liability insurance costs for eligible agencies
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Appropriates $20 million from the general fund to the bridge fund for distribution by the Office of Children and Family Services
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Eligible agencies must demonstrate documented increases in liability insurance or deductible costs, have had foster care placements in 2024 and 2025, and maintain an active license in good standing
Legislative Description
Establishes participation in assigned risk plans for voluntary foster care agencies (Part A); requires the office of children and family services to establish standards of payment for liability insurance costs beginning July 1, 2028 for the 2027-2028 rate year that ensures the maximum state aid rate accurately reflect the year over year increased costs for voluntary foster care agencies; directs such office to establish an application process (Part B); establishes the voluntary foster care agency insurance bridge fund; establishes a process for the distribution of moneys in such fund; sets eligibility requirements; requires certain supporting documentation (Part C).
Last Action
referred to insurance
1/21/2026