12 CRR-NY 317.10NY-CRR
12 CRR-NY 317.10
12 CRR-NY 317.10
317.10 Excess insurance.
(a) The group self-insurer shall also file certificate(s) evidencing that excess insurance, as defined in section 317.2(f) of the Part, has been obtained to reduce the exposure of the group self-insurer:
(1) for workers' compensation claims; and
(2) for employers' liability.
Such excess insurance must be in a form approved by the superintendent of insurance and must be issued by a property and casualty company licensed by the superintendent of insurance to write excess insurance in New York with respect to workers compensation insurance and employer's liability insurance as defined in paragraph (15) of subdivision (a) of section 1113 of the Insurance Law. The retention levels for the excess insurance shall be in an amount acceptable to the chair.
(b) The group self-insurer shall immediately notify the chair, in writing, of any change in its excess insurance.
(c) The provisions of this Subpart shall not apply to groups consisting exclusively of municipal corporations.
12 CRR-NY 317.10
Current through June 30, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.