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.
S T A T E O F N E W Y O R K
________________________________________________________________________
6860
2025-2026 Regular Sessions
I N A S S E M B L Y
March 14, 2025
___________
Introduced by M. of A. BLANKENBUSH -- read once and referred to the
Committee on Insurance
AN ACT to amend the insurance law, in relation to creating the joint
insurance fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The insurance law is amended by adding a new article 81 to
read as follows:
ARTICLE 81
JOINT INSURANCE FUND
SECTION 8101. JOINT INSURANCE FUND.
§ 8101. JOINT INSURANCE FUND. (A) THE GOVERNING BODY OF ANY 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 PROP-
ERTY DAMAGE CLAIMS ARISING FROM ENVIRONMENTAL IMPAIRMENT LIABILITY AND
LEGAL REPRESENTATION THEREFOR TO THE EXTENT THAT SUCH COVERAGES, AS
APPROVED BY THE SUPERINTENDENT, ARE PROVIDED BY THE PURCHASE OF INSUR-
ANCE AND NO RISK IS RETAINED BY THE FUND, PROVIDING CONTRIBUTORY OR
NON-CONTRIBUTORY GROUP HEALTH INSURANCE OR GROUP TERM LIFE INSURANCE, OR
BOTH, TO EMPLOYEES OR THEIR DEPENDENTS OR BOTH, THROUGH SELF INSURANCE,
THE PURCHASE OF COMMERCIAL INSURANCE OR REINSURANCE, OR ANY COMBINATION
THEREOF, AND INSURING AGAINST ANY LOSS FROM LIABILITY ASSOCIATED WITH
SICK LEAVE PAYMENT FOR SERVICE CONNECTED DISABILITY, AND MAY APPROPRIATE
SUCH MONEYS AS ARE REQUIRED THEREFOR. THE MAXIMUM RISK TO BE RETAINED
FOR GROUP TERM LIFE INSURANCE BY A JOINT INSURANCE FUND ON A SELF-IN-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10818-01-5
A. 6860 2
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