S T A T E   O F   N E W   Y O R K
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                                   1598
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 12, 2017
                                ___________
 
 Introduced  by  M. of A. ZEBROWSKI, GUNTHER, HAWLEY, SCHIMMINGER, DiPIE-
   TRO, SKOUFIS -- Multi-Sponsored by -- M. of A. KEARNS -- 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

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04630-01-7
              

 A. 1598                             2
 
 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.