2020 New York Laws
WKC - Workers' Compensation
Article 6-A - Workers' Compensation Security Fund
109 - Suspension of Payments Into Fund; Temporary Surcharge Authorized.

§   109.   Suspension  of  payments  into  fund;  temporary  surcharge
  authorized.  1. When as of the end of any quarterly period the amount of
  assets in the fund, as determined by  the  superintendent  of  financial
  services, including any appropriation to such fund from the general fund
  equals or exceeds seventy-four million dollars, no further contributions
  to  such  fund shall be required to be made after that quarterly period,
  provided, however, that whenever as of any subsequent  quarterly  period
  the amount of such assets is less than seventy-four million dollars such
  contributions  shall  be  resumed  at the beginning of the next quarter.
  Thereafter the  suspension  or  resumption  of  contributions  shall  be
  governed by the foregoing provisions. During the period of time in which
  any  loans  to  the  fund  made  pursuant to section seven thousand four
  hundred thirty-three-a of the insurance law are outstanding, any  assets
  available  after  the  payment of awards pursuant to section one hundred
  nine-c of this article shall be used to repay  such  loans  and  not  be
  counted as assets for purposes of this section.
2.  Notwithstanding the provisions of subdivision one of this section,
  for each of the three month periods, commencing  April  first,  nineteen
  hundred   ninety   and   ending  March  thirty-first,  nineteen  hundred
  ninety-five, every mutual and every reciprocal carrier  shall  pay  into
  the  fund  a  surcharge  equal  to  one  per  centum  of its net written
  premiums, less the amount of dividends paid to  policyholders,  for  the
  period  of  such  return.  Such  surcharge  shall  be in addition to any
  payments which may be required pursuant to subdivision  two  of  section
  one hundred eight of this chapter.