New York S05327 amends the workers' compensation law to require policyholders to provide 30-days notice to withdraw from the state insurance fund.

New York S05327 amends the workers' compensation law to mandate that employers provide written notice to the fund at least 30 days before withdrawing from the state insurance fund. The fund must file a notice of the cancellation date at least ten days prior to the effective date. The insurance contract will not be cancelled until at least ten days after the fund files the notice.

New York S05327 amends the workers' compensation law to require policyholders to provide 30-days notice to withdraw from the state insurance fund.

New York S05327 amends the workers' compensation law to mandate that employers provide written notice to the fund at least 30 days before withdrawing from the state insurance fund. The fund must file a notice of the cancellation date at least ten days prior to the effective date. The insurance contract will not be cancelled until at least ten days after the fund files the notice.