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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

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Archive: Last Bill Status - In Senate Committee Labor Committee

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Bill Amendments

co-Sponsors

2019-A4350 - Details

See Senate Version of this Bill:
S3516
Current Committee:
Senate Labor
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: A7742, S5250
2017-2018: A1598, S428
2021-2022: A1295, S4694
2023-2024: A3061, S2834
2025-2026: S5327

2019-A4350 - Summary

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

2019-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

multi-Sponsors

2019-A4350A (ACTIVE) - Details

See Senate Version of this Bill:
S3516
Current Committee:
Senate Labor
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: A7742, S5250
2017-2018: A1598, S428
2021-2022: A1295, S4694
2023-2024: A3061, S2834
2025-2026: S5327

2019-A4350A (ACTIVE) - Summary

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

2019-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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