senate Bill S3516

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 - In Senate Committee Labor 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 08, 2019 referred to labor

Co-Sponsors

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S3516 (ACTIVE) - Details

Current Committee:
Senate Labor
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §94, Work Comp L
Versions Introduced in Other Legislative Sessions:
2015-2016: S5250
2017-2018: S428

S3516 (ACTIVE) - Summary

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

S3516 (ACTIVE) - Sponsor Memo

S3516 (ACTIVE) - Bill Text download pdf


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

                                  3516

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 8, 2019
                               ___________

Introduced  by Sens. BRESLIN, SEWARD, GALLIVAN, LITTLE -- 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.  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.
                                                           LBD06523-01-9

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