N.Y. Workers' Compensation Law Section 90
Dividends


Policyholders insured in the state insurance fund may be divided into such groups as shall be equitable for the purpose of accounting and declaration of dividends but for the purpose of paying compensation the state fund shall be deemed one and indivisible. Separate accounts shall be kept of income and of losses and expenses incurred, including contributions to catastrophe surplus and reserves adequate to meet anticipated losses and carry all claims to maturity, for each such group. If such accounting shows a balance remaining to the credit of the group at the close of any policy period, which shall be deemed to be safely and properly so applied, there may be credited or paid to each individual member of such group such proportion of such balance as the amount of his earned premium sustains to the total earned premium of the group for the period for which the accounting is made. If any member who has withdrawn from the group would otherwise have been entitled to such a dividend, the same may be credited or paid to him.

Source: Section 90 — Dividends, https://www.­nysenate.­gov/legislation/laws/WKC/90 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

76
Creation of state fund
77
Administration
78
Salaries and expenses
79
Meetings
80
Seal
81
Offices, lands, leaseholds and buildings
82
Powers and duties
83
Rules
84
General attorney
85
Commissioner of taxation and finance custodian of fund
86
Catastrophe surplus and reserves for workers’ compensation
86‑A
Catastrophe surplus and reserves for disability benefits
87
Investment of surplus or reserve
87‑A
Investment in obligations of the municipal assistance corporation for the city of New York
87‑B
Investments in obligations of the city of Yonkers
87‑BB
Investments in obligations of the city of Yonkers
87‑C
Investments in obligations of designated public benefit corporations
87‑D
Contractual obligations as evidence of indebtedness upon reimbursement of reserves
87‑E
Amortization of gains or losses
87‑F
Appropriations to the state insurance fund
87‑G
Advances to the urban development corporation
87‑H
Investments of the state insurance fund
87‑I
New York state insurance fund MWBE asset management and financial institution strategy
88
Administration expenses
88*2
Administration expenses
88‑A
Payments from special or administrative funds
88‑B
Coverage of employees in state-supported educational institutions
88‑C
Coverage of state employees
89
Rates for workers’ compensation
90
Dividends
91
Groups for accident prevention
92
Payment of premiums
93
Collection of premium in case of default
94
Withdrawal from fund
95
Record and audit of payrolls
96
Penalties for fraudulent practices
97
Inspections
98
Disclosures prohibited
99
Reports of state insurance fund
100
Insurance against liability to volunteer firefighters and ambulance workers

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 90’s source at nysenate​.gov

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