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 25, 2015 |
substituted by a8259a ordered to third reading cal.1907 |
Jun 15, 2015 |
referred to rules |
Senate Bill S5979
Signed By Governor2015-2016 Legislative Session
Sponsored By
There are no sponsors of this bill.
Archive: Last Bill Status Via A8259 - 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
2015-S5979 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8259
- Law Section:
- Workers' Compensation Law
- Laws Affected:
- Amd ยง50, Work Comp L
2015-S5979 (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-S5979 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5979 2015-2016 Regular Sessions I N S E N A T E June 15, 2015 ___________ Introduced by COMMITTEE ON RULES -- 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 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 estimated future liabilities and assessments. Further, separate and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11635-02-5
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