Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to labor |
Jun 21, 2011 |
referred to labor |
Assembly Bill A8509
2011-2012 Legislative Session
Sponsored By
WRIGHT
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Peter Abbate
Margaret Markey
Rory Lancman
2011-A8509 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5815
- Current Committee:
- Assembly Labor
- Law Section:
- Workers' Compensation Law
- Laws Affected:
- Amd ยงยง15-a & 50, Work Comp L
2011-A8509 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8509 2011-2012 Regular Sessions I N A S S E M B L Y June 21, 2011 ___________ Introduced by M. of A. WRIGHT, ABBATE -- read once and referred to the Committee on Labor AN ACT to amend the workers' compensation law, in relation to group self-insurance THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 15-a of the workers' compensation law, as added by section 2 of part G of chapter 57 of the laws of 2011, is amended to read as follows: S 15-a. Assessment on insolvent group self-insured trusts. The legis- lature finds that in lieu of the assessments under sections fifteen and one hundred fifty-one of this chapter that shall no longer be imposed on closed group self-insured trusts as a result of [the] PART G OF chapter FIFTY-SEVEN of the laws of two thousand eleven [which added this section], the members of group self-insured trusts that were insolvent upon closing, and that fail to pay their obligations within the periods specified by this section, shall be subject to a one time assessment pursuant to this section. Within thirty days of January first, two thou- sand sixteen, all employers who were members of a closed group self-in- sured trust that was insolvent at the time the group was closed shall be subject to an assessment under this section, except for those employers that: (1) have entered into a settlement agreement or payment plan with the board under which they have agreed to resolve all liabilities from the membership in such trust, and remain current in their payments; (2) are members of a group self-insurer that has transferred all of its liabilities transferred via a loss portfolio transfer; or (3) have paid all moneys billed them by the board at the time such assessment is due. For purposes of this section, insolvent means the inability of a private group self-insured trust to pay its outstanding lawful obligations under this chapter as they mature in the regular course of business, as may be shown by: (i) the self-insurer being underfunded as defined in subdivi- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13193-01-1
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