2016 New York Laws
WKC - Workers' Compensation
Article 5 - (Workers' Compensation) 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 financial services 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 financial services. 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 financial  services  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.