2010 New York Code
WKC - Workers' Compensation
Article 5 - (60 - 75-A) COUNTY SELF-INSURANCE PLAN
73 - Abandonment of plan.

§ 73. Abandonment of plan. The board of supervisors of a county may by
  local  law  provide  for  the abandonment of a plan, effective as of the
  close of the calendar year then in progress. Such plan,  however,  shall
  continue  to  operate  thereafter  until  all  liabilities  of  the plan
  incurred prior to such effective date shall have been satisfied and  all
  advances  to the county self-insurance fund shall have been repaid. Such
  local law shall provide a method for the distribution of any  assets  of
  the  plan  remaining after all such liabilities have been satisfied. The
  provisions of this  section  shall  not  apply  to  any  plan  abandoned
  pursuant  to section sixty-one of this chapter. At the discretion of the
  chair, the board of supervisors of a county may execute an assumption of
  workers' compensation liability insurance policy securing  such  further
  and  future  contingent  liability  as  may arise from prior injuries to
  workers and be incurred by reason of any change in the condition of such
  workers warranting the board making subsequent  awards  for  payment  of
  additional  compensation. Such policy shall be in a form approved by the
  superintendent of insurance and shall be issued by the state fund or any
  insurance company licensed to issue this  class  of  insurance  in  this
  state.  In  the event that such policy is issued by an insurance company
  other than the state fund, then said policy shall be deemed to be of the
  kind specified in paragraph fifteen of subsection  (a)  of  section  one
  thousand  one  hundred  thirteen of the insurance law and covered by the
  workers' compensation security fund as created and governed  by  article
  six-A  of  this  chapter.  It shall only be issued for a single complete
  premium payment in advance by the county, city,  village,  town,  school
  district,  fire  district or other political subdivision of state and in
  an amount deemed acceptable by  the  chair  and  the  superintendent  of
  insurance.  In lieu of the applicable premium charge ordinarily required
  to be imposed by a carrier, said premium shall include a surcharge in an
  amount to be determined by the chair to satisfy all assessment liability
  due and owing to the board and/or the chair  under  this  chapter.  Said
  surcharge shall be payable to the board simultaneous to the execution of
  the  assumption  of  workers'  compensation  liability insurance policy.
  However, the payment of said surcharge does not relieve the carrier from
  any other liability, including liability owed to the  superintendent  of
  insurance  pursuant  to  article six-A of this chapter. When issued such
  policy shall be non-cancellable without recourse for  any  cause  during
  the continuance of the liability secured and so covered.