New York Workers' Compensation Board Issues Statement On Processing of Disability Benefits Insurance Policy Cancellations

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Albany, NY (CompNewsNetwork) - The New York Workers' Compensation Board has issued a Disability Benefits Insurance Contract Bulletin. All carriers must comply with the requirements of Workers' Compensation Law §226(5) when canceling a NYS Disability Benefits insurance policy. The law requires ten days notice to the employer and the Workers' Compensation Board when cancellation is due to non-payment of premium and thirty days notice to both when cancellation is for any other reason. If carriers do not strictly adhere to these requirements, a workers' compensation law judge may deem the policy active for any resulting lapse in coverage by the employer.  read more