N.Y. Executive Law § 160-mm: Liability insurance

§ 160-mm. Liability insurance. The fund shall purchase such insurance

as is necessary to protect the fund and any director, officer, agent or

other representative from liability for their administration of the

fund, and shall, to the extent permitted by law, indemnify such

directors, officers, agents or other representatives and hold them

harmless from liability for their administration of the fund.