assembly Bill A4350A

2019-2020 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

Current Bill Status - On Floor Calendar


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

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Actions

view actions (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 11, 2019 ordered to third reading rules cal.122
rules report cal.122
reported
Jun 04, 2019 reported referred to rules
May 31, 2019 print number 4350a
May 31, 2019 amend and recommit to labor
Feb 04, 2019 referred to labor

Co-Sponsors

A4350 - Details

Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: A7742
2017-2018: A1598

A4350 - Summary

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

A4350 - Bill Text download pdf


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

                                  4350

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 4, 2019
                               ___________

Introduced  by  M.  of  A.  ZEBROWSKI  --  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
deemed not to take effect until  the  cancellation  of  such  employer's
contract with the state insurance fund has become effective.
  §  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.

Co-Sponsors

A4350A (ACTIVE) - Details

Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: A7742
2017-2018: A1598

A4350A (ACTIVE) - Summary

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

A4350A (ACTIVE) - Bill Text download pdf


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

                                 4350--A

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 4, 2019
                               ___________

Introduced  by  M. of A. ZEBROWSKI, McDONALD, STIRPE, WALLACE, BENEDETTO
  -- read once and referred to  the  Committee  on  Labor  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

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  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.
  THE REQUIREMENTS OF THIS SUBDIVISION SHALL NOT APPLY WHEN AN  EMPLOYER
HAS GIVEN WRITTEN NOTICE TO THE FUND OF HIS INTENTION TO WITHDRAW, WHICH
SHALL INCLUDE THE EFFECTIVE DATE OF SUCH CANCELLATION AND PROOF THAT THE

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

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