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NY S05376
Bill
Status
Engrossed
6/20/2013
Primary Sponsor
James Seward
Click for details
AI Summary
- Establishes mandatory audit frequency for employers: non-construction employers audited at least biennially, construction class employers audited annually if premiums exceed experience rating threshold
- Requires all audits be conducted within 120 days after policy period expiration and may include physical onsite review of payroll records, employee records, financial documents, tax returns, and insurance certificates
- Imposes a surcharge of two times the most recent estimated annual premium on employers that fail to provide reasonable access to books, records, and physical inspection of operations for audits
- Classifies knowing understatement of payroll, misrepresentation of employee duties, or concealment of information related to experience rating modifications as fraudulent practices and insurance fraud subject to penalties
- Excludes self-insured employers and members of workers' compensation group self-insured trusts from these audit requirements; takes effect January 1, 2015
Legislative Description
Provides incentives for productive workers' compensation audits.
Last Action
COMMITTED TO RULES
6/20/2014
Committee Referrals
Rules6/20/2014
Labor1/8/2014
Labor6/21/2013
Rules6/20/2013
Labor5/16/2013
Full Bill Text
No bill text available