Establishes a jockey health insurance reserve fund for unpaid premiums and outlines the return of funds if the reserve fund is no longer needed.

New York State Senate Bill S02618 amends the racing, pari-mutuel wagering, and breeding law to create a jockey health insurance reserve fund. This fund is intended to cover health insurance premiums not yet paid. The amount contributed to this fund annually is determined by an agreement between the franchised corporation and the jockey's organization representing at least 51% of eligible jockeys. If the fund is deemed unnecessary, the remaining funds are to be returned on a pro-rata basis to the original contributors.

Establishes a jockey health insurance reserve fund for unpaid premiums and outlines the return of funds if the reserve fund is no longer needed.

New York State Senate Bill S02618 amends the racing, pari-mutuel wagering, and breeding law to create a jockey health insurance reserve fund. This fund is intended to cover health insurance premiums not yet paid. The amount contributed to this fund annually is determined by an agreement between the franchised corporation and the jockey's organization representing at least 51% of eligible jockeys. If the fund is deemed unnecessary, the remaining funds are to be returned on a pro-rata basis to the original contributors.