Establishes participation in assigned risk plans for voluntary foster care agencies.

The bill establishes participation in assigned risk plans for voluntary foster care agencies. It requires the Office of Children and Family Services to set standards for liability insurance costs, ensuring the maximum state aid rate reflects increased costs. The office must also establish an application process for agencies to request rate adjustments based on increased insurance costs. The bill creates the Voluntary Foster Care Agency Insurance Bridge Fund, which provides financial assistance to agencies to offset increased liability insurance costs.

Establishes participation in assigned risk plans for voluntary foster care agencies.

The bill establishes participation in assigned risk plans for voluntary foster care agencies. It requires the Office of Children and Family Services to set standards for liability insurance costs, ensuring the maximum state aid rate reflects increased costs. The office must also establish an application process for agencies to request rate adjustments based on increased insurance costs. The bill creates the Voluntary Foster Care Agency Insurance Bridge Fund, which provides financial assistance to agencies to offset increased liability insurance costs.