2010 New York Code
WKC - Workers' Compensation
Article 6 - (76 - 100) State Insurance Fund.
94 - Withdrawal from fund.

§  94.  Withdrawal from fund.   a.    Any employer may, upon complying
  with subdivision two or three of section fifty of this chapter, withdraw
  from the fund by turning in his  insurance  contract  for  cancellation,
  provided  he  has  given  written notice to the fund of his intention to
  withdraw not less than thirty days before the  effective  date  of  such
  cancellation.   Upon receipt of such notice the fund shall, at least ten
  days prior to the effective date file in the office of  the  chairman  a
  notice of such cancellation date.
    In  no event shall the insurance contract be deemed cancelled until at
  least ten days after the date of such filing, any earlier date mentioned
  in the notice to the contrary notwithstanding.
    If an employer withdraws from the fund upon complying with subdivision
  two of section fifty of this chapter, the new  insurance  contract  with
  the stock corporation, mutual corporation or reciprocal insurer shall be
  deemed  not  to  take  effect  until the cancellation of such employer's
  contract with the state insurance fund has become effective.
    b. Notwithstanding any of the provisions contained in subdivision five
  of section fifty-four of this chapter the fund may cancel a contract  of
  insurance at any time during the contract period upon being furnished by
  an  employer  with  proof  satisfactory to the fund that he is no longer
  required to comply with section fifty of this chapter by reason  of  his
  having  discontinued,  sold, transferred, assigned or otherwise disposed
  of his business and has ceased  employing  workmen  or  operatives;  or,
  where  the  insurance  contract  has been issued to cover the operations
  under a  specific  contract  or  at  a  specified  location,  that  such
  operations  have  been  completed  or discontinued and the employment of
  workmen or operatives in  connection  therewith  has  ceased;  provided,
  however, such cancellation shall not become effective until at least ten
  days  after  notice  thereof  shall have been filed in the office of the
  chairman.