Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 17, 2014 |
referred to rules |
Senate Bill S7896
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
2013-S7896 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Workers' Compensation Law
- Laws Affected:
- Amd ยง50, Work Comp L
2013-S7896 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7896 Revised Memo 6/17/2014 TITLE OF BILL: An act to amend the workers' compensation law, in relation to group self insurers; and providing for the repeal of such provisions upon expira- tion thereof PURPOSE: To relieve rate pressure on a fund where there is sufficient alternate security to provide for payment of liabilities SUMMARY OF PROVISIONS: Adds a new subparagraph (c) to section 50 subdivision 3-a paragraph (10) of the Workers Compensation Law to allow the Comp Board to reduce reserve requirements by as much as 20% if it finds other satisfactory means for a group self-insurer plan to secure claims. The other means include a demonstration of the following: (1) the existence of a collective bargaining agreement which requires that employers obtain workers compensation coverage from the group; (2) the group has the ability to set, revise, or re-set rates on at least a monthly schedule as may be necessary to provide for collection
2013-S7896 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7896 I N S E N A T E June 17, 2014 ___________ Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the workers' compensation law, in relation to group self insurers; and providing for the repeal of such provisions upon expira- tion thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 10 of subdivision 3-a of section 50 of the work- ers' compensation law is amended by adding a new subparagraph (c) to read as follows: (C) ANY OTHER PROVISION OF THIS PARAGRAPH TO THE CONTRARY NOTWITH- STANDING, A GROUP SELF INSURER PLAN THAT IN ADDITION TO MEETING OTHER REQUIREMENTS OF THIS PARAGRAPH, DEMONSTRATES ITS ABILITY TO SECURE ANTICIPATED PRESENT AND FUTURE CLAIMS OF THE MEMBERS OF THE GROUP SHALL, UPON APPROVAL BY THE BOARD, BE PERMITTED TO MAINTAIN RESERVES OF NOT LESS THAN EIGHTY PERCENT OF THE AMOUNTS THAT WOULD OTHERWISE BE REQUIRED PURSUANT TO CLAUSE TWO OF SUBPARAGRAPH (A) OF THIS PARAGRAPH. THE BOARD SHALL APPROVE SUCH GROUP SELF-INSURER PLAN THAT DEMONSTRATES THE FOLLOW- ING: (1) THE EXISTENCE OF A COLLECTIVE BARGAINING AGREEMENT WHICH REQUIRES THAT EMPLOYERS OBTAIN WORKERS' COMPENSATION COVERAGE FROM THE GROUP; (2) THE GROUP HAS THE ABILITY TO SET, REVISE, OR RE-SET RATES ON AT LEAST A MONTHLY SCHEDULE AS MAY BE NECESSARY TO PROVIDE FOR COLLECTION OF ADDITIONAL FUNDS FROM GROUP MEMBERS IN THE EVENT THE DEPOSIT WITH THE BOARD IS INSUFFICIENT TO MEET THE LIABILITIES OF THE GROUP; (3) THE GROUP HAS ESTABLISHED A DELINQUENCY FUND OR HAS AGREEMENTS WITH A FUND THAT WILL BE LIABLE FOR ANY UNCOLLECTED DELINQUENT CONTRIB- UTIONS TO THE GROUP; (4) THE GROUP MEMBERS HAVE ASSUMED JOINT AND SEVERAL OBLIGATION FOR THEIR PERIOD OF MEMBERSHIP FOR ANY LIABILITIES OF ALL CLAIMS OF THE FUND; (5) THERE IS A DIRECT OR INDIRECT PENALTY OR WITHDRAWAL LIABILITY FOR ANY MEMBER WHO WITHDRAWS FROM THE PLAN; AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15637-01-4
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