senate Bill S5250A

2015-2016 Legislative Session

Relates to the requirement for policyholders to provide 30 days notice to withdraw from the state insurance fund

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Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 17, 2016 committed to rules
Jun 07, 2016 amended on third reading 5250a
May 05, 2016 advanced to third reading
May 04, 2016 2nd report cal.
May 03, 2016 1st report cal.620
Jan 06, 2016 referred to labor
Jun 25, 2015 committed to rules
Jun 03, 2015 advanced to third reading
Jun 02, 2015 2nd report cal.
Jun 01, 2015 1st report cal.1110
May 11, 2015 referred to labor

Votes

view votes

May 3, 2016 - Labor committee Vote

S5250
10
3
committee
10
Aye
3
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: May 3, 2016

aye wr (3)

Jun 1, 2015 - Labor committee Vote

S5250
12
2
committee
12
Aye
2
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Co-Sponsors

S5250 - Details

See Assembly Version of this Bill:
A7742
Current Committee:
Senate Rules
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2017-2018: S428, A1598
2019-2020: S3516, A4350

S5250 - Summary

Relates to the requirement for policyholders to provide 30 days notice to withdraw from the state insurance fund.

S5250 - Sponsor Memo

S5250 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5250

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 11, 2015
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Labor

AN ACT to amend the  workers'  compensation  law,  in  relation  to  the
  requirement  for  policyholders  to provide 30-days notice to withdraw
  from the state insurance fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  a of section 94 of the workers' compensation
law, as amended by chapter 635 of the laws of 1996, is amended  to  read
as follows:
  a.   Any employer may, upon complying with subdivision two or three of
section  fifty of this chapter, withdraw from the fund by turning in his
insurance contract for cancellation,  [provided  he  has  given  written
notice  to  the  fund  of his intention to withdraw not less than thirty
days before the effective date of such cancellation] ALONG WITH  WRITTEN
NOTICE  OF THE EFFECTIVE DATE OF THE CANCELLATION.  Upon receipt of such
notice the fund shall, at least ten days prior  to  the  effective  date
file  in  the office of the chairman a notice of such cancellation date;
HOWEVER, IF THE EMPLOYER HAS SECURED INSURANCE  WITH  ANOTHER  INSURANCE
CARRIER  WHICH  BECOMES  EFFECTIVE  PRIOR  TO THE EXPIRATION OF THE TIME
STATED IN SUCH WRITTEN NOTICE, THE CANCELLATION SHALL BE EFFECTIVE AS OF
THE DATE OF SUCH OTHER COVERAGE.
  [In no event shall the insurance contract be deemed cancelled until at
least ten days after the date of such filing, any earlier date mentioned
in the notice to the contrary notwithstanding.]
  If an employer withdraws from the fund upon complying with subdivision
two of section fifty of this chapter, the new  insurance  contract  with
the stock corporation, mutual corporation or reciprocal insurer shall be
deemed  not  to  take  effect  until the cancellation of such employer's
contract with the state insurance fund has become effective.
  S 2. This act shall take effect on the ninetieth day  after  it  shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

Co-Sponsors

S5250A (ACTIVE) - Details

See Assembly Version of this Bill:
A7742
Current Committee:
Senate Rules
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2017-2018: S428, A1598
2019-2020: S3516, A4350

S5250A (ACTIVE) - Summary

Relates to the requirement for policyholders to provide 30 days notice to withdraw from the state insurance fund.

S5250A (ACTIVE) - Sponsor Memo

S5250A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5250--A
    Cal. No. 620

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 11, 2015
                               ___________

Introduced  by Sens. SEWARD, GALLIVAN -- read twice and ordered printed,
  and when printed to be committed to the Committee on Labor  --  recom-
  mitted  to  the  Committee  on Labor in accordance with Senate Rule 6,
  sec. 8 -- reported favorably from said committee, ordered to first and
  second report,  ordered  to  a  third  reading,  amended  and  ordered
  reprinted, retaining its place in the order of third reading

AN  ACT  to  amend  the  workers'  compensation  law, in relation to the
  requirement for policyholders to provide 30-days  notice  to  withdraw
  from the state insurance fund

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision a of section 94 of  the  workers'  compensation
law,  as  amended by chapter 635 of the laws of 1996, is amended to read
as follows:
  a.   Any employer may, upon complying with subdivision two or three of
section fifty of this chapter, withdraw from the fund by turning in  his
insurance  contract  for  cancellation,  provided  he  has given written
notice to the fund of his intention to withdraw  not  less  than  thirty
days  before  the  effective date of such cancellation.  Upon receipt of
such notice the fund shall, at least ten days  prior  to  the  effective
date  file  in  the office of the chairman a notice of such cancellation
date.  IN THE EVENT THAT AN EMPLOYER INTENDS TO WITHDRAW FROM  THE  FUND
AND  HAS  SECURED INSURANCE WITH ANOTHER INSURANCE CARRIER, THE EMPLOYER
SHALL PROVIDE WRITTEN NOTICE TO  THE  FUND  WHICH  SHALL  INCLUDE  THEIR
INTENTION TO WITHDRAW, DEMONSTRATION THAT THE EMPLOYER HAS SECURED A NEW
INSURANCE  POLICY  AND THE EFFECTIVE DATE OF CANCELLATION WHICH SHALL BE
THE DATE OF WHEN SUCH OTHER COVERAGE BECOMES EFFECTIVE.
  [In no event shall the insurance contract be deemed cancelled until at
least ten days after the date of such filing, any earlier date mentioned
in the notice to the contrary notwithstanding.]

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10972-03-6

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