N.Y. Comp. Codes R. & Regs. tit. 12 § 300.31

Current through Register Vol. 46, No. 51, December 18, 2024

Section 300.31 - Contracts of insurance

(a) Every contract of insurance, including any amendment, endorsement or rider thereto, which shall secure workers' compensation benefits pursuant to the Workers' Compensation Law, shall meet the requirements of the Workers' Compensation Law, Workers' Compensation Board, the Insurance Law and the Superintendent of Insurance.

(b) On April 1, 1988, each insurance carrier providing benefits pursuant to the Workers' Compensation Law shall file with the chairman, in a manner prescribed by the chairman, notification of the issuance, amendment, endorsement, rider or reinstatement of any workers' compensation insurance contract which took place between January 1, 1988 and April 1, 1988. Thereafter each such insurance carrier shall file with the chairman, in a manner prescribed by the chairman, notification of the issuance, amendment, endorsement, rider or reinstatement of any workers' compensation insurance contract within 30 days after such action by the insurance carrier.

(c) On April 1, 1988, each insurance carrier or the New York Compensation Insurance Rating Board shall notify the chairman, in a manner prescribed by the chairman, of all policies currently in force providing benefits under the Workers' Compensation Law.

(d) The provisions of this rule shall not apply with respect to any policy providing comprehensive personal liability insurance on a one-, two-, three- or four-family owner-occupied dwelling.

N.Y. Comp. Codes R. & Regs. Tit. 12 § 300.31