N.Y. Workers’ Compensation Law 99 – Reports of state insurance fund
§ 99. Reports of state insurance fund. 1. The commissioners shall make separate reports to the superintendent of financial services concerning the state insurance fund at the same time and in the same manner as is required from mutual employer's liability and workers' compensation corporations by § 307 of the insurance law, and the superintendent of financial services may examine into the condition of such state insurance fund at any time, either personally or by any duly authorized examiner appointed by him for the purpose of determining the condition of the investments and the adequacy of the reserves of such fund and such other matters as shall be in the jurisdiction of the superintendent of financial services.
Terms Used In N.Y. Workers' Compensation Law 99
- compensation: include the benefits in relation to volunteer firefighters or volunteer ambulance workers pursuant to the volunteer firefighters' benefit law or the volunteer ambulance workers' benefit law. See N.Y. Workers' Compensation Law 100
- fund: shall be deemed to include both the workers' compensation fund and the disability benefits fund unless the context otherwise indicates. See N.Y. Workers' Compensation Law 76
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
2. The commissioners shall file annually with the state comptroller, on or before June fifteenth, financial statements for the state insurance fund audited by an independent auditor. Such statements shall be prepared in the same manner as reports filed with the superintendent of financial services under subdivision one of this section. A copy of the independent auditor's report shall accompany any financial statements submitted pursuant to this subdivision.