Authorizes the New York Liquidation Bureau to establish a reimbursement program for local educational agencies facing financial liabilities from.

The bill amends the insurance law to authorize the New York Liquidation Bureau to create a reimbursement program for local educational agencies (LEAs) affected by insolvent insurers. Eligible LEAs can receive reimbursements for monetary liabilities from civil claims or settlement agreements related to acts covered by a liability insurance policy issued by an insolvent insurer. The Bureau will prioritize LEAs demonstrating significant financial hardship. Reimbursements will be made from available assets of the insolvent insurer's estate, with secondary mechanisms in place if necessary.

Authorizes the New York Liquidation Bureau to establish a reimbursement program for local educational agencies facing financial liabilities from.

The bill amends the insurance law to authorize the New York Liquidation Bureau to create a reimbursement program for local educational agencies (LEAs) affected by insolvent insurers. Eligible LEAs can receive reimbursements for monetary liabilities from civil claims or settlement agreements related to acts covered by a liability insurance policy issued by an insolvent insurer. The Bureau will prioritize LEAs demonstrating significant financial hardship. Reimbursements will be made from available assets of the insolvent insurer's estate, with secondary mechanisms in place if necessary.