Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 02, 2015 |
signed chap.66 delivered to governor |
Jun 25, 2015 |
returned to assembly passed senate substituted for s5979 |
Jun 19, 2015 |
referred to rules delivered to senate passed assembly |
Jun 18, 2015 |
ordered to third reading rules cal.699 rules report cal.699 reported |
Jun 17, 2015 |
reported referred to rules |
Jun 16, 2015 |
print number 8259a |
Jun 16, 2015 |
amend (t) and recommit to labor referred to labor |
Assembly Bill A8259A
Signed By Governor2015-2016 Legislative Session
Sponsored By
MORELLE
Archive: Last Bill Status - Signed by Governor
- 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
Votes
Bill Amendments
2015-A8259 - Details
- See Senate Version of this Bill:
- S5979
- Law Section:
- Workers' Compensation Law
- Laws Affected:
- Amd §50, Work Comp L
2015-A8259 - Summary
Relates to interim assessments on the members of a defaulted group self-insurer or members of any other terminated group self-insurer; authorizes the chair to levy an interim assessment within 120 days of default; establishes that such time limitations do not apply to the imposition of any subsequent and further deficit assessments.
2015-A8259 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8259 2015-2016 Regular Sessions I N A S S E M B L Y June 16, 2015 ___________ Introduced by M. of A. MORELLE -- read once and referred to the Commit- tee on Labor AN ACT to amend the workers' compensation law, in relation to interim assessments on the members of a defaulted group self-insurer or members of any other terminated group self-insurer THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (b) of paragraph 7 of subdivision 3-a of section 50 of the workers' compensation law, as amended by section 4 of part R of chapter 56 of the laws of 2010, is amended to read as follows: (b) The chair shall levy an INTERIM assessment on the members of a defaulted group self-insurer within one hundred twenty days of such default or of the effective date of the chapter of the laws of two thou- sand eight which amended this subdivision, whichever is later, and against the members of any other terminated group self-insurer when necessary, for such an amount as he or she determines to be necessary to discharge all liabilities of the group self-insurer, including the reasonable cost of liquidation such as claims administration costs, actuarial and accounting services, and the value of future assessments on members of such group self-insurer AS THEY ARE KNOWN AT THE TIME OF THE INTERIM ASSESSMENT. The chair may impose subsequent AND FURTHER deficit assessments, or return funds to members, to adjust the moneys collected to reflect the time of participation, and percent of group self-insurer liabilities for such time. THE TIME LIMITATIONS INCLUDED IN THE FIRST SENTENCE OF THIS SUBPARAGRAPH DO NOT APPLY TO THE IMPOSI- TION OF ANY SUBSEQUENT AND FURTHER DEFICIT ASSESSMENTS THAT EXCEED THE INTERIM ASSESSMENT MADE BY THE CHAIR AGAINST MEMBERS OF A DEFAULTED GROUP INSURER OR MEMBERS OF ANY OTHER TERMINATED GROUP SELF-INSURER. Notwithstanding any such action by the chair, each member of the group self-insurer shall remain jointly and severally responsible for all liabilities provided by this chapter including but not limited to EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11687-01-5
2015-A8259A (ACTIVE) - Details
- See Senate Version of this Bill:
- S5979
- Law Section:
- Workers' Compensation Law
- Laws Affected:
- Amd §50, Work Comp L
2015-A8259A (ACTIVE) - Summary
Relates to interim assessments on the members of a defaulted group self-insurer or members of any other terminated group self-insurer; authorizes the chair to levy an interim assessment within 120 days of default; establishes that such time limitations do not apply to the imposition of any subsequent and further deficit assessments.
2015-A8259A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8259--A 2015-2016 Regular Sessions I N A S S E M B L Y June 16, 2015 ___________ Introduced by M. of A. MORELLE -- read once and referred to the Commit- tee on Labor -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the workers' compensation law, in relation to an interim assessment on members of a defaulted group self-insurer THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (b) of paragraph 7 of subdivision 3-a of section 50 of the workers' compensation law, as amended by section 4 of part R of chapter 56 of the laws of 2010, is amended to read as follows: (b) The chair shall levy an INTERIM assessment on the members of a defaulted group self-insurer within one hundred twenty days of such default or of the effective date of the chapter of the laws of two thou- sand eight which amended this subdivision, whichever is later, and against the members of any other terminated group self-insurer when necessary, for such an amount as he or she determines to be necessary to discharge all liabilities of the group self-insurer, including the reasonable cost of liquidation such as claims administration costs, actuarial and accounting services, and the value of future assessments on members of such group self-insurer AS THEY ARE KNOWN AT THE TIME OF THE ASSESSMENT. The chair may impose subsequent AND FURTHER deficit assessments, or return funds to members, to adjust the moneys collected to reflect the time of participation, and percent of group self-insurer liabilities for such time. THE TIME LIMITATIONS INCLUDED IN THE FIRST SENTENCE OF THIS SUBPARAGRAPH DO NOT APPLY TO THE IMPOSITION OF ANY SUBSEQUENT AND FURTHER DEFICIT ASSESSMENTS THAT EXCEED THE INTERIM ASSESSMENT MADE BY THE CHAIR AGAINST MEMBERS OF A DEFAULTED GROUP INSUR- ER OR MEMBERS OF ANY OTHER TERMINATED GROUP SELF-INSURER. Notwithstand- ing any such action by the chair, each member of the group self-insurer shall remain jointly and severally responsible for all liabilities provided by this chapter including but not limited to outstanding and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11687-02-5
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