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NY S09113
Bill
Status
2/3/2026
Primary Sponsor
Jamaal Bailey
Click for details
AI Summary
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Requires all commercial insurers licensed 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 payment standards beginning July 1, 2027 (2027-2028 rate year) that separate liability insurance costs from other administrative costs and reflect full year-over-year insurance cost increases
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Creates the Voluntary Foster Care Agency Insurance Bridge Fund to distribute money to agencies experiencing increased liability insurance costs
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Appropriates $20 million to the bridge fund to offset increased insurance costs for eligible voluntary foster care agencies
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Establishes eligibility requirements for bridge fund assistance: agencies must demonstrate documented insurance cost increases, 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 FINANCE
2/3/2026