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Bill > S09113


NY S09113

NY S09113
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 agenc


summary

Introduced
02/03/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the insurance law, in relation to participation in assigned risk plans by voluntary foster care agencies (Part A); to amend the social services law, in relation to requiring the office of children and family services to establish standards of payment for liability insurance costs that ensures the maximum state aid rate accurately reflect the year over year increased costs for voluntary foster care agencies (Part B); to amend the state finance law and the social services law, in relation to establishing the voluntary foster care agency insurance bridge fund and establishing a process for the distribution of moneys in such fund (Part C); and making an appropriation therefor

AI Summary

This bill establishes a system to help voluntary foster care agencies, which are organizations that provide care for children outside of their homes, manage their liability insurance costs. Part A requires that these agencies be allowed to participate in assigned risk plans, which are designed to ensure that all applicants can obtain insurance, and that these plans offer coverage for professional liability and sexual abuse and molestation. Part B mandates that the Office of Children and Family Services (OCFS) create standards for how the state will pay for liability insurance costs for these agencies, ensuring that state aid rates reflect yearly increases in these costs, starting with the 2027-2028 rate year, and that OCFS will establish a process for agencies to apply for rate adjustments if their insurance costs increase significantly. Part C creates a "voluntary foster care agency insurance bridge fund" to help offset these increased insurance costs, with OCFS responsible for distributing money from this fund to eligible agencies that can demonstrate documented increases in their liability insurance expenses, and also outlines the eligibility criteria and documentation needed for agencies to receive these funds.

Committee Categories

Budget and Finance

Sponsors (14)

Last Action

REFERRED TO FINANCE (on 02/03/2026)

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