N.Y. Workers' Compensation Law Section 99
Reports of state insurance fund


1.

The commissioners shall make separate reports to the superintendent of financial services concerning the state insurance fund at the same time and in the same manner as is required from mutual employer’s liability and workers’ compensation corporations by Insurance Law § 307 (Annual statements)section three hundred seven of the insurance law, and the superintendent of financial services may examine into the condition of such state insurance fund at any time, either personally or by any duly authorized examiner appointed by him for the purpose of determining the condition of the investments and the adequacy of the reserves of such fund and such other matters as shall be in the jurisdiction of the superintendent of financial services.

2.

The commissioners shall file annually with the state comptroller, on or before June fifteenth, financial statements for the state insurance fund audited by an independent auditor. Such statements shall be prepared in the same manner as reports filed with the superintendent of financial services under subdivision one of this section. A copy of the independent auditor’s report shall accompany any financial statements submitted pursuant to this subdivision.

Source: Section 99 — Reports of state insurance fund, https://www.­nysenate.­gov/legislation/laws/WKC/99 (updated Sep. 22, 2014; accessed May 4, 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:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 99’s source at nysenate​.gov

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