Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 11 - INSURANCEChapter V - Rates And Rating OrganizationsSubchapter B - Commercial And Industrial RisksPart 151 - Workers' Compensation Insurance
Subpart 151-5 - Independent Livery Driver Benefit Fund
Section 151-5.1 - Authorization of workers' compensation insurers' to write insurance pursuant to executive law, article 6-g

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 151-5.1

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Current through Register Vol. 46, No. 50, December 11, 2024
Section 151-5.1 - Authorization of workers' compensation insurers' to write insurance pursuant to executive law, article 6-g
(a) Pursuant to Insurance Law, section 3451, insurance companies authorized to write workers' compensation insurance and employers' liability insurance, as defined in Insurance Law, section 1113(a)(15), are hereby authorized to write policies of insurance affording coverage in accordance with Executive Law, article 6-G.
(b) No policy or certificate thereunder providing for coverage pursuant to Executive Law, article 6-G shall be issued or issued for delivery in this State unless the forms have been filed with, and approved by, the superintendent in accordance with Insurance Law, article 23.
(c) No policy or certificate thereunder providing for coverage pursuant to Executive Law, article 6-G shall be issued or issued for delivery in this State unless the rates have been filed with the superintendent for prior approval in accordance with article 23 of the Insurance Law and Subpart 151-1 of this Part.
(d) Every policy and certificate thereunder providing for coverage pursuant to Executive Law, article 6-G issued or issued for delivery in this State shall provide coverage in accordance with the provisions of Executive Law, article 6-G.
(e) The policy shall be issued on a group basis to the Independent Livery Driver Benefit Fund and shall provide coverage to livery drivers dispatched by independent livery bases that are members of the Independent Livery Driver Benefit Fund established pursuant to Executive Law, article 6-G.
(f) A certificate issued under the group master policy shall be provided to each member independent livery base and contain all material terms and conditions of coverage with respect to a livery driver, unless the group master policy is incorporated by reference, and in which event, a copy of the master policy shall accompany the certificate or shall be promptly provided to a member independent livery base upon request.
(g) An insurer issuing or renewing the group policy shall maintain separate statistics tracking group loss and expense experience for the group program. The statistics shall be maintained in conformance with Part 243 (Regulation 152) of this Title.
(h) Coverage disputes between insurers pursuant to Executive Law, article 6- G shall be subject to mandatory arbitration of controversies between insurers, pursuant to the provisions of section 5105 of the Insurance Law and section 65-4.11 of this Title (Regulation 68-D).

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 151-5.1