assembly Bill A1598

2017-2018 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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 (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to labor
Jan 12, 2017 referred to labor

Co-Sponsors

A1598 (ACTIVE) - Details

See Senate Version of this Bill:
S428
Current Committee:
Assembly Labor
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: A7742, S5250
2019-2020: A4350, S3516

A1598 (ACTIVE) - Summary

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

A1598 (ACTIVE) - Bill Text download pdf


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

                                  1598

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            January 12, 2017
                               ___________

Introduced  by  M. of A. ZEBROWSKI, GUNTHER, HAWLEY, SCHIMMINGER, DiPIE-
  TRO, SKOUFIS -- Multi-Sponsored by -- M. of A. KEARNS -- read once and
  referred 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.   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.]
  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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04630-01-7

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