N.Y. Workers’ Compensation Law 86-A – Catastrophe surplus and reserves for disability benefits
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§ 86-a. Catastrophe surplus and reserves for disability benefits. Subject to such rules as shall be approved by the superintendent of financial services, there shall be set aside out of the premiums paid into the disability benefits fund an amount sufficient to provide against catastrophe and epidemics and reserves to meet anticipated losses and carry all claims to maturity.
Terms Used In N.Y. Workers' Compensation Law 86-A
- fund: shall be deemed to include both the workers' compensation fund and the disability benefits fund unless the context otherwise indicates. See N.Y. Workers' Compensation Law 76