Bill > A10065

This bill authorizes the New York Liquidation Bureau, which manages the estates of insolvent insurance companies, to create a program to help eligible local educational agencies (LEAs), meaning public school districts and special education providers outside of New York City, get reimbursed for financial liabilities. These liabilities stem from civil claims or settlements related to acts that occurred when the LEA had insurance from a company that has since become insolvent, particularly those claims brought under the Child Victims Act, which allows victims of child sexual abuse to sue for damages. The program aims to address situations where LEAs are forced to pay settlements or judgments without the expected insurance coverage due to the insurer's insolvency, and it allows the Bureau to pursue recoveries from reinsurers or other sources if the insolvent insurer's estate is insufficient to cover the reimbursements.

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https://www.nysenate.gov/legislation/bills/2025/A10065