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Terms Used In N.Y. Workers Compensation Law 351

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

The state insurance fund, any stock corporation, mutual corporation or reciprocal insurer authorized to transact the business of workers’ compensation insurance in this state or self-insurer may contract with a preferred provider organization to deliver all medical services mandated by this chapter, provided such contract takes effect on or after January first, nineteen hundred ninety-seven and the insurer or the employer has no financial interest in the preferred provider organization. Where there is a duty to collectively bargain, an employer shall collectively bargain the use and implementation of a preferred provider organization with the authorized collective bargaining agent of its employees.