Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to labor |
Feb 09, 2021 |
referred to labor |
Senate Bill S4694
2021-2022 Legislative Session
Sponsored By
(D, WF) 46th Senate District
Archive: Last Bill Status - In Senate Committee Labor 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
(R, C) 60th Senate District
(D) Senate District
(R, C, IP, RFM) Senate District
(R, C) 2nd Senate District
2021-S4694 (ACTIVE) - Details
2021-S4694 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4694 SPONSOR: BRESLIN TITLE OF BILL: 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 PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to remove the requirement for New York State Insurance Fund (NYSIF) policyholders to provide a 30-day notice to with- draw from the Fund if they have secured insurance with another insurance carrier. SUMMARY OF PROVISIONS: Section one of the bill amends section 94(a) of the Workers' Compen- sation Law to establish that when an employer has given written notice to NYSIF of his intention to withdraw from the Fund, which includes the
2021-S4694 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4694 2021-2022 Regular Sessions I N S E N A T E February 9, 2021 ___________ Introduced by Sens. BRESLIN, GALLIVAN, JORDAN, MAYER -- 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 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 EMPLOYER HAS COMPLIED WITH SUBDIVISION TWO OF SECTION FIFTY OF THIS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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