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New York: Temporary insurance rule in effect
The Insurance Department adopted an emergency rule.
The rule changes the basis upon which the Workers' Compensation Board collects an allocation from insurers for the State Insurance Fund, Special Disability Fund, Fund for Reopened Cases, and for operations of the board. Each insurer pays a percentage of the allocation based on the total standard premium it wrote during the preceding calendar year. The rule also defines "standard premium." The rule went into effect on Sept. 9 and will expire on Dec. 7. Read more at the WorkersComp Forum homepage.
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